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Fireweed Announces Drills New Zone at the Macmillan Pass Project in Canada

Mining News - Published on Thu, 22 Aug 2019

Image Source: Globe News Wire
Fireweed Zinc Ltd announced assays from the first five drill holes in the Tom North open pit target and a step out hole at Tom West at the Macmillan Pass Project in Yukon, Canada. Drilling has now finished on the property and additional assays from multiple zones are pending. CEO Statement Brandon Macdonald, CEO, stated, we are pleased with the results from the first 2019 drill assays. So far Tom North is showing potential open-pit results and it is noteworthy that holes TS19-005 and TS19-006 reported much higher grades over wider intervals than the 1952 hole they twinned due to better recoveries using modern drilling techniques. With these positive first drill assays now in, we look forward to release of drill results from other zones tested this summer to expand on our current resources, which are already among the largest undeveloped zinc resources in the world, as well as the field program of geophysics, geochemistry and mapping still ongoing.

Highlights

Tom North hole TS19-002 intersected 6.36% Zinc and 0.65% Lead over 9.00 metres and TS19-001 intersected 6.19% Zinc and 0.51% Lead over 7.30 metres (true widths), successfully proving the concept of the near-surface Tom North exploration target that has potential to be mined in an open-pit and improve current PEA economics.

Tom North hole TS19-006 intersected 6.13% Zinc and 0.95% Lead over a wide interval of 22.54 metres (true width), significantly improving on historic grades and widths as a result of superior core recovery.

The drill program has been successfully completed for a total of 2,357 metres drilled in 16 diamond drill holes. Assays from additional holes are pending.

Source :

Posted By : Sanju Moirangthem on Thu, 22 Aug 2019
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