Fireweed Drills Wide Sections of Zinc Mineralization at Macmillan Pass Project including 12.16% Zinc and 3.13% Lead over 7.0 meters (True Width)
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NEWS RELEASE
October 10, 2017 TSXV: FWZ
Fireweed Drills Wide Sections of Zinc Mineralization at Macmillan Pass Project
including 12.16% Zinc and 3.13% Lead over 7.0 meters (True Width)
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ)
is pleased to announce additional drill results from its 2017 verification and step out drill program on the
Macmillan Pass Project in Yukon, Canada. These results are the first drill holes from the Jason Main
Zone which is a wide zone of zi nc-dominant mineralization. Additiona l drilling has been completed and
results are pending from both the Tom and Jason areas. Results from the first four drill holes on the Jason
Main Zone are as follows:
JASON MAIN ZONE DRILL RESULTS1
Hole No. From To Interval Estimated True Width2 Zinc Lead Silver
(meters) (meters) (meters) (meters) (%) (%) (g/t)
JS17‐01 172.30 183.26 10.96 7.0 12.16 3.13 1.6
JS17‐02 155.18 172.76 17.58 10.5 7.82 1.39 1.3
Including: 165.00 172.76 7.76 4.6 11.19 1.94 1.2
JS17‐03 Drill hole abandoned before reaching main zone3
JS17‐04 154.19 179.00 24.81 11.2 9.07 1.60 0.7
Including: 170.70 179.00 8.30 3.7 14.03 1.29 1.1
Notes to table:
1. Maps of the drill hole locations are attached to this news release or available on the Fireweed website at
www.FireweedZinc.com .
2. True Width is estimated from the company's current understanding of the orientation of the mineralized
body in the area of the drill intersection and will be refined when the final geological model for the planned
mineral resource report is completed.
3. Drill hole JS17-03 was abandoned before reaching the main zone due to drilling and survey problems.
These first holes at Jason Main were infill holes and veri fied results of nearby historic drill holes which
will allow them to be used in the modelling of a new updated NI43-101 minera l resource. Previously
reported verification holes at the nearby Tom West Zone reported wide, high-grade zinc-lead-silver
intersections including 10.20% Zinc, 6.28% Lead and 87.7 g/t Silver over 24.4 meters true width (see
Fireweed news release dated Septem ber 12, 2017 for details). Additional verification, step-out and
metallurgical holes have been completed in the Tom and Jason areas and will be reported as they are
received and interpreted.
Completion of Airborne Surveys and Fieldwork
The Phase One exploration program at the Macmillan P ass Project has now been completed. In addition
to the drilling, airborne surveys and fieldwork were carried out on the property.
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The airborne geophysics survey has been completed a nd the data is now being compiled and interpreted.
The purpose of the airborne geophysics program was to rapidly cover the entire area of the Tom and
Jason claims as well as the southern portion of the ad jacent MAC claims with the objectives of helping to
map critical subsurface geology and identify drill targ ets for new discoveries a nd extensions of known
mineralization. The geophysics work employed a state-of-the-art helicopter-borne Versatile Time-Domain
Electromagnetic (VTEM) system and a high sensitivit y magnetometer. Parallel lines were flown at
100 meter spacing on a north-northeast bearing for a total of about 1,000 line kilometers.
A program of airborne LiDAR (Light Detection a nd Ranging) surveying was carried out and completed
surveying the Jason half of the property before it was suspended due to weather. The LiDAR work will be
completed when conditions allow. The purpose of th e LiDAR survey is to produce a very accurate
topographic map of the property for engineering a nd mapping work as well as aid in the mapping of
geological features. High definition aerial photography is also carried out during the survey to aid in
geological and engineering work.
Exploration field work was carried out including surface geological mapping and geochemical sampling
in the search for new discoveries in the Tom a nd Jason deposit areas. Assays are pending and the
mapping has resulted in a better understanding of the geol ogy which will be used in planning of future
exploration programs.
Future Plans – NI43-101 Mineral Resource and PEA
With the completion of the drilling and re-sampling of historic core completed, work on an updated
NI43-101 compliant mineral resource report for the Tom and Jason zones will integrate new assays from
the 2017 work as they are received. Completion of the report is expected by year end. After publication of
the updated mineral resource report, Fireweed plan s to undertake a NI43-101 compliant Preliminary
Economic Assessment to evaluate future mine pla nning, metallurgy and project economics. During the
coming months compilation and interpretation of the results of the drilling, mapping, geochemistry and
geophysics work from the 2017 field season will be carried out toward identifying high priority areas for
exploration toward new discoveries.
Notes on sampling and assaying:
Drill intersections are all HQ3 (split tube) size core (61.1mm / 2.4-inch diameter) with recoveries
typically above 85%. After drilling, the core is logged for geology, structure and geotechnical
characteristics, marked up for sampling, and photographed on site. The cores for analyses are marked for
sampling based on geological intervals with individual samples 1.5 meters or less in length. They are cut
in half lengthwise with a rock saw or core splitter at the core facility on site, with half-core samples
bagged and sent by reliable transport to the laboratory, and the other half-cores are stored on site for
future reference. A total of 5% assay standards and 5% blanks are inserted into every sample shipment as
a quality control measure and, after analyses were received, were found to be acceptable. Samples are
sent to the Bureau Veritas (formerly Acme Labs) preparation laboratory in Whitehorse, Yukon where the
samples are crushed and pulverized to 85% passing 200 mesh size pulps. A 250-gram split of each pulp is
then sent to the Bureau Veritas laboratory in Vancouver, B.C. and analyzed by 1:1:1 Aqua Regia
digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-ESI/ICP-MS) multi-element
analyses (BV Code AQ270). Over-limit Pb (>4%) and Zn (>20%) samples are analyzed by 4 Acid
Digestion followed by “ore grade” Atomic Absorption Spectroscopy (BV Code MA404) and double over-
limit Pb (>20%) is analyzed by Pb Titration (BV Code GC817). Bureau Veritas (Vancouver) is an
independent, international ISO/IEC 17025:2005 credited laboratory.
The technical information in this news release h as been reviewed and approved by Brandon Macdonald,
P.Geo, a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
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About Fireweed Zinc Ltd.: Fireweed Zinc is a new public mineral exploration company focused on zinc
and managed by a veteran team of mining industr y professionals. This Company is advancing its
Macmillan Pass Project where it has an option to acquire 100% of the Tom-Jason property in Yukon,
Canada which is host to the large, advanced Tom and Jason zinc-lead-silver deposits, and an option on the
adjacent large MAC claims which cover projected extensions of mineralization from the Jason area and
where previous exploration identified zinc, lead and silver geochemical anomalies in critical host
geology.
Additional information about Fire weed Zinc and its Macmillan Pass Project, can be found on the
Company’s website at www.FireweedZinc.com and on SEDAR at www.sedar.com .
ON BEHALF OF FIREWEED ZINC LTD.
“Brandon Macdonald”
CEO & Director
Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking” statem ents 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, the ability
to properly and efficiently staff th e Company’s operations, the sufficiency of working capital and funding for
continued operations, title matters, First Nations relati ons, operating hazards, political and economic factors,
competitive factors, metal prices, relationships with ve ndors and strategic partners, governmental regulations and
supervision, permitting, seasonality and weather, technol ogical 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 any
underlying assumptions prove incorrect, actual results an d 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.
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