Fireweed Drills 6.9% Zinc, 5.0% Lead, and 48.7 g/t Silver over 11.7 m True Width at Tom
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NEWS RELEASE
January 12th, 2022 TSXV: FWZ
OTCQB: FWEDF
FSE:20F
Fireweed Drills 6.9% Zinc, 5.0% Lead, and 48.7 g/t Silver
over 11.7 m True Width at Tom East
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ;
OTCQB: FWEDF) is pleased to announce further assay results from the 2021 drilling program at the
Macmillan Pass project, Yukon, Canada where an infill hole at Tom East (see Maps 1 & 2) encountered
high-grade laminated mineralization.
Highlights
• Hole TS21-001 intersected 10.41% zinc, 11.58% lead, and 149.9 g/t silver over 7.99 m (true
width 2.46 m) within a broader interval of 6.92% zinc, 5.03% lead, and 48.7 g/t silver over
37.99 m (11.70 m true width).
• Tom East is the highest-grade deposit on the property and remains open for expansion.
• Assay results from the last two holes at Boundary West are pending.
Table 1: Drill Results, Tom East Zone
Hole From To Intersected
width
Estimated
True width
Zinc Lead Silver Bulk
density
(meters) (meters) (meters) (meters) (%) (%) (g/t) (t/m3)
TS21-001 145.21 183.20 37.99 11.70 6.92 5.03 48.7 3.200
Including 145.21 153.20 7.99 2.46 10.41 11.58 149.9 3.453
Including 150.20 152.20 2.00 0.62 12.61 15.01 219.6 4.271
Including 151.20 152.20 1.00 0.31 18.34 16.68 256.9 4.118
CEO Statement
Brandon Macdonald, CEO, stated “Tom East continues to deliver high-grade results consistent with
previous drilling in the area. As we continue to develop the resource, it is highly encouraging that we
continue to intersect these wide high-grade zones. These results will be used to guide future drilling,
enhance existing geological models, and upgrade the resource. In the coming weeks, we look forward to
more drill results from the last two holes at Boundary West.”
Tom East Drilling Results
Hole TS21-001 was drilled at Tom East, a high-grade zone within the Tom deposits area (Maps 1 and 2).
Tom East hosts a current Mineral Resource of 0.81 Mt at 8.74% zinc, 8.62% lead, and 110.0 g/t silver
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Indicated Resource in addition to 1.68 Mt at 9.86% zinc, 12.86% lead and 170.0 g/t silver Inferred
Resource (see Fireweed news releases dated January 10th, 2018, and reports filed on www.sedar.com for
details). The Tom East Zone is hosted within and around the hinge of a tight north-plunging syncline fold
containing stratiform laminated sphalerite, galena, and barite mineralization. The mineralization is hosted
by late-Devonian diamictite and carbonaceous mudstones in the Portrait Lake Formation (Earn Group).
Photo 1: Hole TS21-001 at 148.53-148.73 m illustrating laminated high-grade mineralization.
The mineralization comprises laminated to massive sulphides, predominantly consisting of thinly
laminated sphalerite, galena, barite, and chert. Soft-sediment deformation has created chaotic laminae
(Photo 1) further distorted by regional folding. Mineralization is consistent with other intervals
encountered within the Tom East and Tom West zones. Geological information from this hole will inform
ongoing geological models for resource expansion.
Notes on sampling, assaying, and data aggregation:
The diamond drill core logging and sampling program was carried out under a rigorous quality assurance /
quality control program using industry best practices. Drill intersections in this release are all HQ3 (split
tube) size core (61.1mm / 2.4-inch diameter) with recoveries typically above 85% unless otherwise noted
in the table of results. After drilling, core was logged for geology, structure, and geotechnical
characteristics, then marked for sampling and p hotographed on site. The cores for analyses were marked
for sampling based on geological intervals with individual samples 1.5 m or less in length. Drill core was
cut lengthwise in half with a core saw; half -core was sent for assays reported in this news r elease, and the
other half is stored on site for reference. Bulk density was determined on site for the entire length of each
sample assayed by measurement of mass in air and mass in water. Sample duplicate bulk density
determinations and in-house bulk density standard determinations were each made at a rate of 5%. Since
2017, four in-house bulk density standards (mineralized drill core from the Tom deposit that span a range
of densities) have been used and show an acceptable long -term precision. Certified standard masses are
used to calibrate the scale balance used for bulk density determinations.
A total of 5% assay standards or blanks and 5% core duplicates are included in the sample stream as a
quality control measure and are reviewed after analyses ar e received. Standards and blanks in 2021 drill
results to date have been approved as acceptable. Duplicate data add to the long-term estimates of precision
for assay data on the project and precision for drill results reported is deemed to be within acceptable levels.
Samples were sent to the Bureau Veritas preparation laboratory in Whitehorse, Yukon, where the samples
were crushed and a 500 g split was sent to the Bureau Veritas laboratory in Vancouver, B.C to be pulverized
to 85% passing 200 mesh size pulps. Clean crush material was passed through the crusher and clean silica
was pulverized between each sample. The pulps were analyzed by 1:1:1 Aqua Regia digestion followed by
Inductively Coupled Plasma Mass Spectrometry (ICP -ES/ICP-MS) multi-element analys es (BV Code
AQ270). All samples were also analyzed for multiple elements by lithium borate fusion and X-ray
fluorescence analysis (XRF) finish (BV Code LF725). Over -limit Pb (>25.0%) and Zn (>24.0%) were
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analyzed by lithium borate fusion with XRF finish (BV Code LF726). Silver is reported in this news release
by method AQ270, and zinc and lead are reported by LF725 or LF726. Bureau Veritas (Vancouver) is an
independent, international ISO/IEC 17025:2005 accredited laboratory.
Results in this news release ar e length and bulk-density weighted averages as would be used in a Mineral
Resource estimate. Readers are cautioned that in Fireweed news releases prior to 2020, only length
weighted assay averages were reported which may result in slightly lower (under-reported) average values.
Length and bulk-density weighted averages have been reported as these most accurately represent the
average metal-content of the intersections.
Qualified Person Statement
Technical information in this news release has been approved by Jack Milton, P.Geo., Ph.D., Chief
Geologist and a ‘Qualified Person’ as defined under Canadian National Instrument 43101.
About Fireweed Zinc Ltd. (TSXV: FWZ): Fireweed Zinc is a public mineral exploration company
managed by a highly experienced team of mining industry professionals. The Company is advancing its
district-scale 940 km2 Macmillan Pass Project in the 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, NS, Oro, Sol, Ben, and Stump)
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.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB:
FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international
companies. Companies are current in their reporting and undergo an annual verification and management
certification process. Investors can fin d Real-Time quotes and market information for the Company on
www.otcmarkets.com. In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project includin g 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.
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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, exploration and development risks, expenditure and financing requirements, general economic
conditions, changes in financial markets, pandemics, the ability to properly and efficiently staff the
Company’s operations, the sufficiency of working capital and funding for continued operations, title
matters, F irst 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 chan ge, 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 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: Location of Macmillan Pass deposits and exploration targets.
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Map 2: Location of Tom East drill hole TS21-001, for results reported in the release.
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Table 2: 2021 drill hole results and observations
Drill Hole Length (m) Zone Target Results and Observations
NB21-001 277.0 Boundary West BZW down-dip extension Results reported 17th August 2021.
NB21-002 439.0 Boundary West BZW down-dip extension Results reported 16th September 2021.
NB21-003 189.0 Boundary West BZW step-out to west Results reported 23rd November 2021.
NB21-004 382.7 Boundary West BZW step-out to west Results reported 23rd November 2021.
TS21-001 402.7 Tom East Tom East infill Results reported in this release.
TS21-002 46.0 Tom East Tom East step-out Hole ended early due to drilling problems
and redrilled as TS21-003.
TS21-003 401.5 Tom East Tom East step-out No mineralization encountered.
NB21-005 481.7 Boundary Main BZ down-dip extension Results reported 18th November 2021.
NB21-006 157.2 Boundary West BZW step-out to east Results reported 23rd November 2021.
NB21-007 106.7 Boundary West BZW step-out to east Results reported 23rd November 2021.
NB21-008 325.8 Boundary West BZW step-out to east Results reported 23rd November 2021.
NB21-009 445.6 Boundary West BZW down-dip extension Wide zone encountered. Assays pending.
NB21-010 190.5 Boundary Main BZ step-out to west Moderate zone encountered. Assays pending.
Table 3: 2021 drill collar details
Drill Hole Length (m) Zone Easting* Northing* Elevation (m) Dip (°) Grid Azimuth (°)
NB21-001 277.0 Boundary West 422052 7010614 1217 -65 211
NB21-002 439.0 Boundary West 422053 7010614 1218 -75 212
NB21-003 189.0 Boundary West 421932 7010644 1226 -50 204
NB21-004 382.7 Boundary West 421932 7010644 1226 -75 204
TS21-001 402.7 Tom East 442064 7004322 1679 -82 060
TS21-002 46.0 Tom East 442197 7004428 1688 -89 236
TS21-003 401.5 Tom East 442197 7004431 1688 -89 236
NB21-005 481.7 Boundary Main 422397 7010550 1203 -75 211
NB21-006 157.2 Boundary West 422093 7010516 1189 -50 211
NB21-007 106.7 Boundary West 422094 7010518 1189 -70 211
NB21-008 325.8 Boundary West 422094 7010518 1189 -75 211
NB21-009 445.6 Boundary West 422128 7010632 1223 -68 211
NB21-010 190.5 Boundary Main 422199 7010400 1159 -75 211
*UTM Zone 9 NAD83. Final RTK GPS surveyed locations.