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Fireweed Zinc Drill Reults at Macmillan Pass Project in Yukon in Canada

Mining News - Published on Mon, 11 Nov 2019

Image Source: steelguru.com
Fireweed Zinc Ltd announced results from the 2019 drilling at the Macmillan Pass Project in Yukon, Canada. These results are from the Boundary Zone located 15 road kilometres west of the Jason Deposit. Mr Brandon Macdonald, CEO, said "These results are a great way to finish the 2019 drilling at Macmillan Pass. I had previously stated that our first hole NB19-001 was the best ever drilled at Boundary and now we have eclipsed that with NB19-002. This hole is even better and clearly demonstrates zones of very high grade within a very broad interval which points to the large size and grade potential of Boundary Zone. These results, along with recent drilling success at Tom North and End Zone, have potential to meaningfully expand on our current resource. With all the data in from the summer program, we will now fully evaluate the results and consider the best path forward to advance the project. Clearly we have some potential levers to improve economics after our excellent results from the 2018 and 2019 campaigns."

Highlights

This final 2019 drill hole at the Boundary Zone intersected 4.14% Zinc over a true width of 230 metres with a near surface higher grade section of 7.94% Zinc over a true width of 100 metres and high grade subintervals including 42.49% Zinc over 6.4 metres and local very high grade sections including more than 60% Zinc over 0.6 metres. The zone remains open to depth and along strike.

Boundary Zone has potential to be mined in a low strip open pit and to be upgraded through low cost ore sorting technology for processing.

The addition of Boundary Zone to the project has potential to expand current mineral resources and improve already robust current PEA economics.

Source :

Posted By : Rabi Wangkhem on Mon, 11 Nov 2019
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