Fireweed Completes 2020 Drilling at Macmillan Pass With Additional Wide Intersections at Boundary
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NEWS RELEASE
October 15, 2020 TSXV: FWZ
Fireweed Completes 2020 Drilling at Macmillan Pass
With Additional Wide Intersections at Boundary West
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ)
announces that additional wide zones of mineralization have been intersected at Boundary West Zone on
the Macmillan Pass Project, Yukon, Canada. Drilling has now been completed for the 2020 season. Assays
for all holes are pending. An airborne VTEM-magnetic geophysics survey and final sampling of drill core
are being completed as the camp winds down for the winter.
Highlights
• A total of 10 diamond-drill holes for 2,948 m, and 9 RC holes for 507 m have been completed
• Hole NB20 -008 intersected a wide zone of zinc-lead mineralization and has demonstrated
continuity between previously announced holes NB-20-004 and 007, in a new discovery known as
“Boundary West”, and the core of Boundary Zone
• Hole NB20-009 was drilled from the same pad as hole NB20-007, which was lost, and intersected
a wide zone of zinc-lead mineralization at the new Boundary West Zone
CEO Statement
Brandon Macdonald, CEO, stated “ It has been a short but intense exploration season at Macmillan Pass
where we had three drills working. Highlights for the season are several wide intersections of zinc-lead
mineralization in long step out holes at Boundary West Zone for which we eagerly await assays. These
include yet more wide zones of mineralization in new step out holes 008 and 009 at Boundary West Zone.
We also drilled wide intersections in the heart of Boundary Zone and tested other targets as well. We will
leave one drill and associated equipment in camp over the winter so we can get an early start next season
to continue drilling these zones which remain open for exploration.”
Core Drilling
Infill and step-out drilling at Boundary Zone (Map 1) has successfully encountered wide zones of zinc-lead
mineralization, significantly extending the footprint of the known mineralization. A total of nine holes were
drilled at Boundary Zone this season for 2,948 m (Map 2). Three drill holes, NB20-004, -008 and -009,
have discovered new wide sections of pyrite-sphalerite-galena mineralization which extends Boundary
Zone at least 360 m to the west in a new discovery named Boundary Zone West. The holes were drilled on
a new gravity high anomaly defined earlier this summer during the ground geophysics survey work. Two
other infill holes at Boundary Zone also intersected wide zones of mineralization.
One hole was drilled at the end of the season on the 240 Mile Target which is a new exploration target
marked by a gravity anomaly located between the Tom and Jason deposits (Map 3) (see Fireweed news
release dated June 11, 2020 for details). This hole was drilled to a depth of 632 m before being suspended
due to encroaching winter weather. It did not encounter the target horizon , and furthe r geological and
geophysical interpretation of this area is required. The hole was left open to allow potential drilling to
greater depth to resume next season.
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Assays are pending for all holes. Descriptions of all holes drilled this season are in the tab les at the end of
this news release.
Reverse Circulation (RC) Drilling
Infill holes at Tom and Jason were drilled (Map 4, Map 5), demonstrating the potential to use RC drilling
as a low-cost alternative to diamond drilling for future upgrading of resource categories at shallow depths.
Assays are pending for all holes.
Airborne VTEM-Magnetic Geophysics
A late season airborne VTEM-magnetic geophysics survey is being carried out over the western part of the
Fertile Corridor including Boundary Zone. Results from this survey will be used to guide future exploration
and drill targeting.
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. (TSXV : FWZ): Fireweed Zinc is a pub lic mineral exploration company
focused on zinc-lead-silver 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
www.sedar.com 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.
Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill
sections can be found on the Company’s website at www.FireweedZinc.com and at www.sedar.com.
ON BEHALF OF FIREWEED ZINC LTD.
“Brandon Macdonald”
CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements
This news release may contain “forward -looking” 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, exp loration 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’s operations, the sufficiency of worki ng
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’s prospectus dated May 9, 2017, and filed under the Company’s
profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should
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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 ‐looking statements or forward‐ looking
information, except as required by law.
Map 1 – Macmillan Pass Project:
Locations of the 2020 exploration targets, advanced prospects, and known deposits.
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Map 2 – Boundary Zone:
Locations of the 2020 drill hole locations
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Map 3 – 240 Mile Target:
Locations of the 2020 drill hole locations
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Map 4 – Tom Area:
Locations of the 2020 RC drill hole locations
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Map 5 – Jason Area:
Locations of the 2020 RC drill hole locations
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TABLE 1: 2020 DRILL HOLE COLLAR DATA
Diamond Drill Holes
Drill Hole Length (m) Zone Easting* Northing* Elevation (m) Dip (°) Grid Azimuth (°)
NB20-001 303.5 Boundary Zone 422440 7010418 1164 -54 270
NB20-002 320.0 Boundary Zone 422336 7010329 1132 -50 020
NB20-003 152.0 Boundary Zone 421557 7010456 1200 -50 185
NB20-004 333.0 Boundary Zone 422049 7010614 1218 -50 215
NB20-005 143.0 Boundary Zone 422277 7010313 1129 -50 215
NB20-006 203.0 Boundary Zone 422277 7010313 1129 -80 215
NB20-007 90.0 Boundary Zone 421951 7010538 1200 -70 215
NB20-008 324.0 Boundary Zone 422216 7010354 1139 -50 215
NB20-009 447.2 Boundary Zone 421951 7010538 1200 -75 215
MP20-001 632.0 240 Mile 438698 7003094 1311 -60 295
*UTM Zone 9 NAD83
Reverse Circulation (RC) Drill Holes
Drill Hole Length (m) Zone Easting* Northing* Elevation (m) Dip (°) Grid Azimuth (°)
TRC20-001 7.6 Tom West 442065 7003667 1547 -50 066
TRC20-002 82.3 Tom West 442071 7003663 1547 -80 066
TRC20-003 64.0 Tom West 442071 7003663 1547 -55 066
TRC20-004 64.0 Tom West 442071 7003663 1547 -70 089
TRC20-005 47.2 Tom West 442071 7003663 1547 -55 129
TRC20-006 36.6 Tom West 442049 7003678 1545 -80 065
TRC20-007 98.45 Tom North 441654 7004507 1422 -51 076
JRC20-001 47.24 Jason Main 436437 7002774 1298 -50 027
JRC20-002 59.44 Jason Main 436533 7002772 1300 -65 011
*UTM Zone 9 NAD83