Listed mineral exploration company Fireweed Zinc Ltd (TSXV: FWZ) is advancing its boundary zone intersecting 57.4 metres of 8.4% zinc, 1.8% lead and 51.8 g/t silver at its Macmillan Pass Project located in the Yukon Territory.
The drill hole is part of the company’s recently completed phase I drill program at the Boundary Zone, which comprises four zinc-lead-silver-copper-iron-titanium-vanadium occurrences. Fireweed has identified 16 target areas for drill testing and this most recent hole is a result of one of those explorations.
Drillhole FW19-03 intersected the zone, beginning at 1,025 metres and ending at 1,082.4 metres, the width of the skarn-hosted mineralization in the Boundary Zone. The company was able to confirm up to 11.7 metres of the mineralization to be sulphide bearing.
The combined intersection of zinc, lead, copper and silver resulted in a minerals package that Fireweed estimates would allow for a 19% zinc equivalent grade in the zone. In addition, the company found that the borehole also intersected 49.9 metres of 10.1% zinc and 14.4 g/t silver at deeper depths of the borehole (1,241-1,291.9 metres).
In a press release, Fireweed’s CEO, Brandon Munro, was positive about the results of the borehole and the opportunities that the Boundary Zone holds. Munro stated:
“Our Phase 1 exploration program at Boundary has already provided us with some excellent drill results of the main mineralized zone at the project. We are excited to see the high grades of zinc, lead and silver and the larger zinc equivalent grades at this early stage of exploration. We plan to further explore the wide-open zone with additional drilling in 2020 and look forward to further news flow on the continued success at Macmillan Pass.”
At current price levels, the stock price has almost doubled from its 52-week lows and Fireweed’s exploration activities along with further exploration of the Boundary Zone may see the stock continuing its rally. Fireweed will be undertaking a further drill program in 2020, and the exploration will provide additional clarity on the company’s gold potential.
Listed mineral exploration company Fireweed Zinc Ltd (TSXV: FWZ) is advancing its boundary zone intersecting 57.4 metres of 8.4% zinc, 1.8% lead and 51.8 g/t silver at its Macmillan Pass Project located in the Yukon Territory.
The drill hole is part of the company’s recently completed phase I drill program at the Boundary Zone, which comprises four zinc-lead-silver-copper-iron-titanium-vanadium occurrences. Fireweed has identified 16 target areas for drill testing and this most recent hole is a result of one of those explorations.
Drillhole FW19-03 intersected the zone, beginning at 1,025 metres and ending at 1,082.4 metres, the width of the skarn-hosted mineralization in the Boundary Zone. The company was able to confirm up to 11.7 metres of the mineralization to be sulphide bearing.
The combined intersection of zinc, lead, copper and silver resulted in a minerals package that Fireweed estimates would allow for a 19% zinc equivalent grade in the zone. In addition, the company found that the borehole also intersected 49.9 metres of 10.1% zinc and 14.4 g/t silver at deeper depths of the borehole (1,241-1,291.9 metres).
In a press release, Fireweed’s CEO, Brandon Munro, was positive about the results of the borehole and the opportunities that the Boundary Zone holds. Munro stated:
“Our Phase 1 exploration program at Boundary has already provided us with some excellent drill results of the main mineralized zone at the project. We are excited to see the high grades of zinc, lead and silver and the larger zinc equivalent grades at this early stage of exploration. We plan to further explore the wide-open zone with additional drilling in 2020 and look forward to further news flow on the continued success at Macmillan Pass.”
At current price levels, the stock price has almost doubled from its 52-week lows and Fireweed’s exploration activities along with further exploration of the Boundary Zone may see the stock continuing its rally. Fireweed will be undertaking a further drill program in 2020, and the exploration will provide additional clarity on the company’s gold potential.
