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Fireweed Zinc Ltd.
Summary
| Project: | Macmillan Pass | |
|---|---|---|
| Deposit: | Tom West | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 10/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-10-2018: Fireweed Zinc Ltd. announces an Exploration/Drilling Update report for its Tom West deposit at the Macmillan Pass project. Drilling results incl. 49.58m @ 9.65% Zn, 8.21% Pb, 80g/t Ag from 208.0m. Vancouver, British Columbia: FIREWEED ZINC LTD | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gilles Dessureau (Internal) | |
| ABSTRACT: | Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to announce further drill results from its 2018 drill program on the Macmillan Pass Project in Yukon, Canada. Results from drill hole TS18-004 were previously reported from the Tom East Zone and included 21.1% zinc, 13.5% lead and 243 g/t silver over 16.41 metres (see Fireweed news release dated September 20, 2018 for details). Drill holes TS18-001 and TS18-006 both intersected a fault zone and did not test the Tom West mineralization. TS18-005 and TS18-008 were drilled in the high-grade, feeder-proximal, south end of Tom West. These holes infilled an area that was previously drilled in 1970 from underground exploration drifts using small diameter core (30.1 mm AX) with significant intervals of core loss and poor recovery resulting in unrepresentative low grade results. Modern triple-split tube drilling in 2018 ensured that recoveries were excellent within the reported intersections: 92.9% and 94.9% average recovery in holes TS18-005 and TS18-008, respectively, and higher grades. TS18-002 was a step-out hole, testing the down-dip projection of the Tom West Zone, outside the boundary of the current Mineral Resource. The hole intersected 12.57 metres of laminated sulphidebarite mineralization grading 4.33% zinc, 0.14% lead, and 1.3 g/t silver. TS18-003 was drilled as a large, 90 metre step-out hole from the nearest mineralized hole. The hole passed through a major fault and encountered a small section of very high-grade mineralization truncated on the far (east) side of the fault. Together with information from holes TS18-001 and TS18-006, which intersected the same fault, Fireweed is now in a position to target step-outs in the high grade part of Tom West on the western side of the fault, and pursue the upside of the untested mineralization on the eastern side of the fault. A historic 1990 drill hole, TS90-012, confirmed the presence of significant mineralization on the eastern side of the fault with an intersection outside of the area of the current Mineral Resource, grading 8.4% Zn, 1.2% Pb and 3.5 g/t Ag over 37 metres including a zinc-rich zone of 14.1% Zn, 0.2% Pb and 1.2 g/t Ag over 14.6 metres. | |
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