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Fireweed Zinc Ltd.
Summary
| Project: | Tom-Jason | |
|---|---|---|
| Deposit: | Tom-Jason | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 3/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-3-2017: Fireweed Zinc Ltd. announces a Supporting Acquisition report for its Tom-Jason deposit at the Tom-Jason project. Summary of Property in Support of Acquisition. The Tom and Jason Project is in the MacMillan Pass area of western Yukon near the bo | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: Dennis Arne (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Tom and Jason Project is in the MacMillan Pass area of western Yukon near the border with the Northwest Territories, approximately 400 km northeast of Whitehorse. It consists of a total of 427 claims covering 5,944 Ha, as well as a single surface lease comprising 120.7 Ha. All claims are controlled by Hudbay Minerals Inc. (“Hudbay”) who recently optioned the project to Fireweed Zinc Ltd. (the “Issuer”), a private company with plans to list on the TSX‐Venture Exchange (“TSX‐V”). Access to the site is by seasonal gravel road or by air, and there is minimal infrastructure available in the region. The nearest population centre is at Ross River located about 200km to the southwest. The Tom and Jason Zn‐Pb‐Ag deposits are proximal vent SEDEX deposits formed during Devonian rifting activity in the Selwyn Basin. They were subsequently folded during the transition of the Pacific margin of North America from a passive to convergent plate margin. There has been a significant amount of historical exploration on the Tom and Jason properties commencing with the discovery of the Tom West Zone in 1951. This has resulted in the drilling of 128 holes on the Jason property for a total of 37,924m and 212 holes on the Tom property, for a total of 33,495m. In addition, an adit with approximately 3,423m of underground development and a spiral decline were put into the Tom deposit to assist exploration and bulk sampling. Exploration effectively ceased on the properties after 1992. There has been minimal modern exploration on the properties since that time. | |
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