The Prospector News

Fireweed Exploration Update: Significant Mineralization Discovered at New Target West of Boundary Zone

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Fireweed Exploration Update: Significant Mineralization Discovered at New Target West of Boundary Zone






FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce that significant widths of near-surface zinc-lead mineralization have been discovered at a new target west of Boundary Zone. Six core holes have been drilled at Boundary Zone and area, and six RC holes have been drilled at Tom. All three rigs remain drilling on the property.




  • Wide zones of mineralization have been discovered at a new gravity target located 360 m west of prior Boundary Zone drilling
  • Wide zones of mineralization have been encountered on infill and step-out holes at Boundary Zone
  • 1,500 m of core drilling and 300 m of RC drilling have been completed to date
  • Drilling continues at Boundary Zone, Boundary West, and Tom


CEO Statement


Brandon Macdonald, CEO, stated “We are very pleased to see early indications that Boundary Zone style mineralization could be far more extensive than originally thought. Whether this new zone discovered is an extension of Boundary Zone, a fault offset, or a new zone, we don’t know yet. Further drilling will tell. Being able to move so quickly from a gravity survey to drilling the resulting anomaly really highlights the agility and ability of our technical team. With mineralization demonstrated west of Boundary, we now eagerly await assay results.”


Core Drilling


Two drill holes, NB20-004 and NB20-007, have intersected significant widths of pyrite-sphalerite-galena mineralization approximately 360 m to the west of Boundary Zone. The holes were drilled within the previously untested gravity high anomaly that was defined earlier this summer. Mineral identification in logging has been corroborated by portable XRF (X-Ray Fluorescence) results but no estimates of grade have been made. Drilling continues in this area.


Infill and step-out drilling at the heart of Boundary Zone has successfully encountered wide zones of mineralization, significantly extending the known footprint of the mineralized zone and confirming consistent mineralization in holes of different orientations.


Fireweed also plans to drill the 240 Mile Target later this season, marked by a large gravity anomaly that may indicate buried mineralization between the Tom and Jason deposits (see Fireweed news release dated June 11, 2020 for details of other targets).


Assays pending for all holes.


RC Drilling


Three infill holes in Tom West have been successfully drilled, demonstrating the potential to use RC drilling as a low-cost alternative to diamond drilling for upgrading resource categories at shallow depths. Further infill and twin holes are planned at the Jason Main deposit.


Qualified Person Statement


Technical information in this news release has been approved by Gilles Dessureau, P.Geo, Vice President Exploration and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.


About Fireweed Zinc Ltd.: 


Fireweed Zinc is a public mineral exploration company focused on zinc and managed by a veteran team of mining industry professionals. The Company is advancing its district-scale 544 km2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated January 10, 2018, and May 23, 2018, respectively, and reports filed on for details) as well as the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, and NS) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology.


Posted September 24, 2020

Share this news article


K9 Gold Announces Closing of Private Placement Backed by Palisades Goldcorp to Accelerate Exploration at Stony Lake

K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTC Pink: WDFCF) announces ... READ MORE

October 30, 2020

Montage Gold Corp. Announces Full Exercise of Underwriters’ Over-Allotment Option

Montage Gold Corp. announced that in connection with its previous... READ MORE

October 30, 2020

Tarku Closes $2.5 Million financing to advance Exploration in Tombstone, Arizona Including a Lead Investment by Eric Sprott

Tarku Resources Ltd (TSX-V: TKU) is pleased to announce that it h... READ MORE

October 30, 2020

Argonaut Gold Announces Closing of US$57.5 Million Bought Deal Financing of 4.625% Senior Unsecured Convertible Debentures

Argonaut Gold Inc. (TSX: AR) is pleased to announce that it has c... READ MORE

October 30, 2020

Labrador Gold Closes $4.05 Million Flow-Through Financing Backed by Palisades Goldcorp to Accelerate Exploration at Kingsway

Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR: 2N6) is pleas... READ MORE

October 30, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions