Fireweed Zinc Ltd. (TSXV:FWZ) (“Fireweed” or the “Company”) is pleased to provide a year-end review of its exceptional 2017 exploration results in its first year of operations after an over-subscribed IPO last May.

Highlights

  • Drilling in 2017 confirmed and expanded on historic drill results in the large Tom and Jason zinc-lead-silver deposits on the Macmillan Pass Project (Yukon, Canada). A number of holes intersected notably higher grades and wider zones than projected from historic data.
  • Hole TS17-07 intersected the widest high-grade mineralization drilled in 2017. The intersection consisted of 8.73% Zinc, 7.62% Lead and 129 g/t Silver over 38 meters (true width) including 10.62% Zinc, 10.32% Lead and 178 g/t Silver over 25 meters (true width). Other wide, high-grade intersections are compiled in the tables below.
  • These results will contribute to the new mineral resource estimate being prepared now and to a Preliminary Economic Assessment report in 2018.
  • Airborne geophysics, airborne LiDAR topographic surveying, geological mapping and geochemical sampling were carried out to identify high priority areas for exploration.
  • The area of the project was quadrupled to 21,939 Ha with an option for the adjacent MAC claims.

2017 Drilling

The objectives of the 2017 drill program were to:

1. Complete sufficient new drilling and resampling of old drill core to verify historic drill results for use in an upgraded NI43-101 compliant mineral resource (expected in early Q1/2018).

2. Step out drill holes on the known zones of mineralization to expand on historic drill results.

3. Collect fresh rock core samples from the new drilling for metallurgical test work (now in progress).

All these objectives were met and exceeded with drill results that were often higher grade and\or wider than historic drill data indicated. Compiled drill results from the 2017 program as published in recent news releases, were as follows:

TOM EAST ZONE DRILL RESULTS
Hole No. From To Interval Estimated True Width Zinc Lead Silver
(meters) (meters) (meters) (meters) (%) (%) (g/t)
TS17-07 61.00 154.20 93.20 38.0 8.73 7.62 129.7
Including: 88.55 150.45 61.90 25.2 10.62 10.32 178.0