{"id":897,"date":"2020-09-24T02:31:00","date_gmt":"2020-09-24T02:31:00","guid":{"rendered":"https:\/\/fireweedmetals.co\/?p=897"},"modified":"2022-06-22T00:20:34","modified_gmt":"2022-06-22T00:20:34","slug":"fireweed-exploration-update-significant-mineralization-discovered-at-new-target-west-of-boundary-zone","status":"publish","type":"post","link":"https:\/\/fireweedmetals.com\/fireweed-exploration-update-significant-mineralization-discovered-at-new-target-west-of-boundary-zone\/","title":{"rendered":"FIREWEED EXPLORATION UPDATE: SIGNIFICANT MINERALIZATION DISCOVERED AT NEW TARGET WEST OF BOUNDARY ZONE"},"content":{"rendered":"\n<p>VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) &#8212;&nbsp;<strong>FIREWEED ZINC LTD.<\/strong>&nbsp;(\u201cFireweed\u201d or the \u201cCompany\u201d) (TSXV: 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.<\/p>\n\n\n\n<p><strong>Highlights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Wide zones of mineralization have been discovered at a new gravity target located 360 m west of prior Boundary Zone drilling<\/li><li>Wide zones of mineralization have been encountered on infill and step-out holes at Boundary Zone<\/li><li>1,500 m of core drilling and 300 m of RC drilling have been completed to date<\/li><li>Drilling continues at Boundary Zone, Boundary West, and Tom<\/li><\/ul>\n\n\n\n<p><strong>CEO Statement<\/strong><br><em>Brandon Macdonald, CEO, stated \u201cWe 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\u2019t 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.\u201d<\/em><\/p>\n\n\n\n<p><strong>Core Drilling<\/strong><br>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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&nbsp;11, 2020 for details of other targets).<\/p>\n\n\n\n<p>Assays pending for all holes.<\/p>\n\n\n\n<p><strong>RC Drilling<\/strong><br>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.<\/p>\n\n\n\n<p><strong>Qualified Person Statement<\/strong><br>Technical information in this news release has been approved by Gilles Dessureau, P.Geo, Vice President Exploration and a \u2018Qualified Person\u2019 as defined under Canadian National Instrument 43-101.<\/p>\n\n\n\n<p><strong>About Fireweed Zinc Ltd. (TSXV<\/strong><strong>: FWZ<\/strong><strong>):<\/strong>&nbsp;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 km<sup>2<\/sup>&nbsp;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&nbsp;<a href=\"https:\/\/www.sedar.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">www.sedar.com<\/a>&nbsp;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.<\/p>\n\n\n\n<p>Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company\u2019s website at&nbsp;<a href=\"https:\/\/www.fireweedzinc.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">www.FireweedZinc.com<\/a>&nbsp;and at&nbsp;<a href=\"https:\/\/www.sedar.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">www.sedar.com<\/a>.<\/p>\n\n\n\n<p><strong>ON BEHALF OF FIREWEED ZINC LTD.<\/strong><\/p>\n\n\n\n<p><em>\u201c<\/em><strong><em>Brandon Macdonald<\/em><\/strong><em>\u201d<\/em><\/p>\n\n\n\n<p>CEO &amp; Director<\/p>\n\n\n\n<p><em>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)&nbsp;<\/em><em>accepts<\/em><em>&nbsp;responsibility for the adequacy or accuracy of this release.<\/em><\/p>\n\n\n\n<p>Contact:<br>Brandon Macdonald<br>Phone: 604-646-8361<\/p>\n\n\n\n<p><strong>Cautionary<\/strong><strong>&nbsp;Statements<\/strong><br><em>This news release may contain \u201cforward-looking\u201d statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the effects of the pandemic, the ability to properly and efficiently staff the Company\u2019s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company\u2019s prospectus dated May 9, 2017, and filed under the Company\u2019s profile on SEDAR at&nbsp;<a href=\"https:\/\/www.sedar.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">www.sedar.com<\/a>. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward\u2010looking statements or forward\u2010looking information, except as required by law.<\/em><\/p>\n\n\n\n<p><strong>TABLE&nbsp;<\/strong><strong>1<\/strong><strong>: 2020 DRILL HOLE COLLAR DATA<\/strong><\/p>\n\n\n\n<p><strong>Diamond Drill Holes<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Drill Hole<\/strong><\/td><td><strong>Length (m)<\/strong><\/td><td><strong>Zone<\/strong><\/td><td><strong>Easting<\/strong><\/td><td><strong>Northing<\/strong><\/td><td><strong>Elevation (m)<\/strong><\/td><td><strong>Dip (\u00b0)<\/strong><\/td><td><strong>Grid Azimuth (\u00b0)<\/strong><\/td><\/tr><tr><td>NB20-001<\/td><td>303.5<\/td><td>Boundary Zone<\/td><td>422440<\/td><td>7010418<\/td><td>1164<\/td><td>-54<\/td><td>270<\/td><\/tr><tr><td>NB20-002<\/td><td>320.0<\/td><td>Boundary Zone<\/td><td>422336<\/td><td>7010329<\/td><td>1132<\/td><td>-50<\/td><td>020<\/td><\/tr><tr><td>NB20-003<\/td><td>152.0<\/td><td>Boundary Zone<\/td><td>421557<\/td><td>7010456<\/td><td>1200<\/td><td>-50<\/td><td>185<\/td><\/tr><tr><td>NB20-004<\/td><td>333.0<\/td><td>Boundary Zone<\/td><td>422049<\/td><td>7010614<\/td><td>1218<\/td><td>-50<\/td><td>215<\/td><\/tr><tr><td>NB20-005<\/td><td>143.0<\/td><td>Boundary Zone<\/td><td>422277<\/td><td>7010313<\/td><td>1129<\/td><td>-50<\/td><td>215<\/td><\/tr><tr><td>NB20-006<\/td><td>203.0<\/td><td>Boundary Zone<\/td><td>422277<\/td><td>7010313<\/td><td>1129<\/td><td>-80<\/td><td>215<\/td><\/tr><tr><td>NB20-007<\/td><td>Drilling<\/td><td>Boundary Zone<\/td><td>421951<\/td><td>7010538<\/td><td>1200<\/td><td>-70<\/td><td>215<\/td><\/tr><tr><td>NB20-008<\/td><td>Drilling<\/td><td>Boundary Zone<\/td><td>422216<\/td><td>7010354<\/td><td>1139<\/td><td>-50<\/td><td>215<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>UTM Zone 9 NAD83<\/em><\/p>\n\n\n\n<p><strong>RC Drill Holes<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Drill Hole<\/strong><\/td><td><strong>Length (m)<\/strong><\/td><td><strong>Zone<\/strong><\/td><td><strong>Easting<\/strong><\/td><td><strong>Northing<\/strong><\/td><td><strong>Elevation (m)<\/strong><\/td><td><strong>Dip (\u00b0)<\/strong><\/td><td><strong>Grid Azimuth (\u00b0)<\/strong><\/td><\/tr><tr><td>TRC20-001<\/td><td>7.6<\/td><td>Tom West<\/td><td>442065<\/td><td>7003667<\/td><td>1547<\/td><td>-50<\/td><td>066<\/td><\/tr><tr><td>TRC20-002<\/td><td>82.3<\/td><td>Tom West<\/td><td>442071<\/td><td>7003663<\/td><td>1547<\/td><td>-80<\/td><td>066<\/td><\/tr><tr><td>TRC20-003<\/td><td>64.0<\/td><td>Tom West<\/td><td>442071<\/td><td>7003663<\/td><td>1547<\/td><td>-55<\/td><td>066<\/td><\/tr><tr><td>TRC20-004<\/td><td>64.0<\/td><td>Tom West<\/td><td>442071<\/td><td>7003663<\/td><td>1547<\/td><td>-70<\/td><td>089<\/td><\/tr><tr><td>TRC20-005<\/td><td>47.2<\/td><td>Tom West<\/td><td>442071<\/td><td>7003663<\/td><td>1547<\/td><td>-55<\/td><td>129<\/td><\/tr><tr><td>TRC20-006<\/td><td>36.6<\/td><td>Tom West<\/td><td>442049<\/td><td>7003678<\/td><td>1545<\/td><td>-80<\/td><td>065<\/td><\/tr><tr><td>TRC20-007<\/td><td>Drilling<\/td><td>Tom North<\/td><td>441654<\/td><td>7004507<\/td><td>1422<\/td><td>-51<\/td><td>076<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>UTM Zone 9 NAD83<\/em><\/p>\n\n\n\n<p><strong>TABLE&nbsp;<\/strong><strong>2<\/strong><strong>: 2020 DRILL HOLE&nbsp;<\/strong><strong>RESULTS AND OBSERVATIONS<\/strong><\/p>\n\n\n\n<p><strong>Diamond Drill Holes<\/strong><strong>&nbsp;\u2013 all holes pending assays<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Drill Hole<\/strong><\/td><td><strong>Length (m)<\/strong><\/td><td><strong>Zone<\/strong><\/td><td><strong>Target<\/strong><\/td><td><strong>Results and Observations<\/strong><\/td><\/tr><tr><td>NB20-001<\/td><td>303.5<\/td><td>Boundary Zone<\/td><td>BZ core infill<\/td><td>Wide zone encountered.<\/td><\/tr><tr><td>NB20-002<\/td><td>320.0<\/td><td>Boundary Zone<\/td><td>BZ core infill\/step-out<\/td><td>Wide zone encountered, continued 120 m past target depth. Hole abandoned at 320 m due to drilling difficulties.<\/td><\/tr><tr><td>NB20-003<\/td><td>152.0<\/td><td>Boundary Zone<\/td><td>Gravity high ~800 m W of BZ<\/td><td>No significant mineralization<\/td><\/tr><tr><td>NB20-004<\/td><td>333.0<\/td><td>Boundary Zone<\/td><td>Gravity high 360 m W of BZ<\/td><td>Wide zone encountered.<\/td><\/tr><tr><td>NB20-005<\/td><td>143.0<\/td><td>Boundary Zone<\/td><td>BZ core step-out to S<\/td><td>No significant mineralization<\/td><\/tr><tr><td>NB20-006<\/td><td>203.0<\/td><td>Boundary Zone<\/td><td>BZ core step-out to S<\/td><td>Minor mineralization encountered<\/td><\/tr><tr><td>NB20-007<\/td><td>Drilling<\/td><td>Boundary Zone<\/td><td>Gravity high 360 m W of BZ<\/td><td>Mineralization encountered from 37 m downhole and counting<\/td><\/tr><tr><td>NB20-008<\/td><td>Drilling<\/td><td>Boundary Zone<\/td><td>Gravity high 200 m W of BZ and step-out 80 m W of BZ<\/td><td>In progress &#8211; no core yet received<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>RC Drill Holes<\/strong><strong>&nbsp;\u2013 all holes pending assays<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Drill Hole<\/strong><\/td><td><strong>Length (m)<\/strong><\/td><td><strong>Zone<\/strong><\/td><td><strong>Target<\/strong><\/td><td><strong>Results and Observations<\/strong><\/td><\/tr><tr><td>TRC20-001<\/td><td>7.6<\/td><td>Tom West<\/td><td>Infill<\/td><td>Hole abandoned at casing<\/td><\/tr><tr><td>TRC20-002<\/td><td>82.3<\/td><td>Tom West<\/td><td>Infill<\/td><td>Tom West zone intersected<\/td><\/tr><tr><td>TRC20-003<\/td><td>64.0<\/td><td>Tom West<\/td><td>Infill<\/td><td>Tom West zone intersected<\/td><\/tr><tr><td>TRC20-004<\/td><td>64.0<\/td><td>Tom West<\/td><td>Twin of historic hole<\/td><td>Successful twin with good recovery<\/td><\/tr><tr><td>TRC20-005<\/td><td>47.2<\/td><td>Tom West<\/td><td>Step-out<\/td><td>Hole abandoned before target depth due to drilling difficulties<\/td><\/tr><tr><td>TRC20-006<\/td><td>36.6<\/td><td>Tom West<\/td><td>Infill<\/td><td>Hole abandoned before target depth due to drilling difficulties<\/td><\/tr><tr><td>TRC20-007<\/td><td>Drilling<\/td><td>Tom North<\/td><td>Infill<\/td><td>In progress<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"875\" height=\"682\" src=\"https:\/\/fireweedmetals.com\/wp-content\/uploads\/2022\/06\/FWZd8b3c573-509d-426b-ae26-0411efbcde21-875px.jpeg\" alt=\"\" class=\"wp-image-1082\" srcset=\"https:\/\/fireweedmetals.com\/wp-content\/uploads\/2022\/06\/FWZd8b3c573-509d-426b-ae26-0411efbcde21-875px.jpeg 875w, https:\/\/fireweedmetals.com\/wp-content\/uploads\/2022\/06\/FWZd8b3c573-509d-426b-ae26-0411efbcde21-875px-300x234.jpeg 300w, https:\/\/fireweedmetals.com\/wp-content\/uploads\/2022\/06\/FWZd8b3c573-509d-426b-ae26-0411efbcde21-875px-768x599.jpeg 768w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/9b53db25-0758-49b6-b405-2edb95bb0250?size=0\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/9b53db25-0758-49b6-b405-2edb95bb0250?size=0\" alt=\"BOUNDARY ZONE 2020 GRAVITY AND DRILLING\"\/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/81db67ca-80c9-4a7c-8fb8-6075883f8593?size=0\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/81db67ca-80c9-4a7c-8fb8-6075883f8593?size=0\" alt=\"TOM 2020 RC DRILLING\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) &#8212;&nbsp;FIREWEED ZINC LTD.&nbsp;(\u201cFireweed\u201d or the \u201cCompany\u201d) (TSXV: 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 [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-897","post","type-post","status-publish","format-standard","hentry","category-7"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FIREWEED EXPLORATION UPDATE: SIGNIFICANT MINERALIZATION DISCOVERED AT NEW TARGET WEST OF BOUNDARY ZONE - Fireweed Metals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fireweedmetals.com\/fireweed-exploration-update-significant-mineralization-discovered-at-new-target-west-of-boundary-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIREWEED EXPLORATION UPDATE: SIGNIFICANT MINERALIZATION DISCOVERED AT NEW TARGET WEST OF BOUNDARY ZONE - Fireweed Metals\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) &#8212;&nbsp;FIREWEED ZINC LTD.&nbsp;(\u201cFireweed\u201d or the \u201cCompany\u201d) (TSXV: 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. 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