Fireweed Drills Wide Zones at Tom East and Tom
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NEWS RELEASE
September 10, 2019 TSXV: FWZ
Fireweed Drills Wide Zones at Tom East and Tom North
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ)
is pleased to announce assays from additional drill holes at the Macmillan Pass Project in Yukon, Canada.
Highlights
• Tom North hole TS19-008 intersected 5.38% Zinc and 0.64% Lead over a true width of
10.9 metres improving on historic grades as a result of superior core recovery over the 1952 hole
it twinned, again indicating that Tom North has potential to be mined in an open-pit and improve
current PEA economics.
• Tom East h ole TS19 -007 deviated from its planned course and ran down-dip intersecting long
high- grade intervals within the known zone and did not hit the intended target
• Assays from additional holes on other targets are pending.
Table 1: New drill results from Tom East and Tom North
Drill Hole1 Zone From
(metres)
To
(metres)
Interval
(metres)
Estimated
True Width
(metres)
Zinc (%) Lead (%) Silver (g/t)
TS19-007 Tom East 53.06 113.25 60.19* 10-20 6.68 3.83 29.33
And 137.10 203.04 65.94* 10-20 7.86 3.58 45.68
And 218.50 222.55 4.05 Undetermined 9.21 3.56 65.66
And 230.45 245.10 14.65 Undetermined 7.25 10.75 119.44
TS19-008 Tom North 34.40 46.14 11.74 10.9 5.38 0.64 1.81
TS19-009 Tom North 11.17 24.00 12.83 11.9 4.57 0.97 1.41
Including 11.17 23.20 5.20 4.5 6.22 1.09 1.60
*Drill hole TS19-007 deviated from its planned course and drilled down dip in the Tom East Zone resulting in multiple
intersections as the drill bit cut in and out of the zone . Estimated true widths in Table 1 are based on the projection of the zone
contacts, oriented core bedding measurements, and other nearby drill intersections that intersect the zone at higher angles . Hole
locations are shown in Figure 1.
CEO Statement
Brandon Macdonald, CEO, state d “2019 drill results cont inue to impress. Tom East contribute d another
hole with high grades over a wide zone despite the hole going off course . Tom North re turned more
potential open-pit results that could improve current PEA economics . We next look forward to release of
drill results from other zones tested this summer including Boundary Zone that have potential to expand
on our current resources, which are already among the largest undeveloped zinc resources in the world.”
Tom East
Tom East is the highest grade zone discovered to date on the property. In 2018, drilling extended the zone
to depth with the deepe st hole intersecting 16.4 m grading 21.14% Z inc, 13.55% Lead and 243 g/t S ilver
(Figure 2; see Fireweed news release dated September 20, 2018 for details). 2019 drill hole TS19-007 was
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planned to test the potential extension of the zone but the hole deviated from its planned course and
drilled multiple down-dip intersections passing in and out of mineralization at a very low angle to the
zone. These high-grade infill results provide geological information that will inform geological modelling
for resource expansion and exploration in the structural ly complex Tom East zone (see Figure 2) . The
potential extension of the high-grade mineralization discovered in 2018 remains untested and Tom East is
open at depth.
Tom North
Historic trenching and very shallow, low -recovery drilling in 1952 indicated the presence of near -surface
mineralization at Tom North . The 2019 drilling at Tom North confirms that mineralization extends to
depth, and the results define a near -surface zone of zinc-lead mineralization that is potentially amenable
to open-pit mining. The Tom North target has mineralization demonstrated over a strike length of at least
500 metres, and a true thickness between 6 and 23 metres (average of 12 metres). The down-dip extent
has been tested to 190 metres and remains open to depth (Figures 3 & 4). The mineralization is stratiform
and comprises laminated fine-grained sphalerite-galena-pyrite -barite. Tom North is a distinct zone
separated from the Tom West zone by faulting (Figure 3).
No mineral resource has been estimated for Tom North yet and the zone is not included in the current
mineral resource estimate for the property (described in Fireweed news release dated January 10, 2018) .
Tom North represents potential for a significant expansion to the Tom minera l resources, for extension of
open-pit and underground mine life, and improvement of project economics described in the current
Preliminary Economic Assessment (PEA) (see Fireweed news release dated May 23, 2018). The current
PEA includes a three-year open-pit mine life at Tom West over the course of an overall 18-year mine life.
2019 Drilling
The 2019 drill program is complete. A total of 16 diamond drill holes were drilled for a total of
2,357 metres. Targets tested were Tom North, Tom East, Tom West, Jason North, Target A, Target G,
Target R, and Boundary Zone (Tables 2 & 3 and Figure 5 ). Assays are pending for additional holes .
Summary descriptions of field results and observations are provided in Table 3.
Notes on sampling and assaying:
The drill core logging and sampling program is 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%. After drilling, core is logged
for geology, structure and geotechnical characteristics, marked for sampling, and photographed on site.
The cores for analyses are marked for sampling based on geological intervals with individual samples
1.5 metres or less in length. Drill core is cut lengthwise in half with a core saw; half-core is sent for assay,
the other half is stored on site for reference. A total of 5% assay standards or blanks and 5% core
duplicates are included in the sample stream as a quality control measure and reviewed, after analyses are
received. Standards and blanks in 2019 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 is deemed to
be within acceptable levels. Samples are sent to the Bureau Veritas (formerly Acme Labs) preparation
laboratory in Whitehorse, Yukon, where the samples are crushed and a 500 g split is pulverized to 85%
passing 200 mesh size pulps. Clean crush material is passed through the crusher and clean silica is
pulverized between each sample. The pulps are 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 -ES/ICP-MS) multi -element analyses (BV Code AQ270). All samples are also
analyzed for multiple elements by lithium borate fusion and X -ray fluorescence analysi s (XRF) finish
(BV Code LF725). Over-limit Pb (>25.0%) and Zn (>24.0%) were analyzed by lithium borate fusion with
XRF finish (BV Code LF726). Silver is reported in this news release by method AQ270, and zinc and
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lead are reported by LF725 or LF726. Bureau Veritas (Vancouver) is an independent, international
ISO/IEC 17025:2005 accredited laboratory.
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 public mineral exploration company
focused on zinc and managed by a veteran team of mining industry professionals. The Com pany 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 Tom North Zone, Boundary Zone and End Zone which
have significant zinc-lead -silver mineralization drilled but not yet classified as mineral resources. The
project also includes option agreements on 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, exploration and development
risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability
to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for
continued operations, title matters, First Nations relations, operating hazards, politi cal 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 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.
Footnotes:
1. The average bulk density of the mineralized rock in TS19-007 is 3.14 t/m3. The average bulk density of the
mineralized rock in TS19-008 and TS19-009 is 2.91 t/m3.
2. Historic drill results for Tom North reported in this news release are taken from historic reports prepared by
previous operators. Neither the Company or the Qualified Person has done sufficient work to verify these
results and therefore these results should not be relied upon. The Company is including them for
information purposes only to explain the basis for the exploration target and reasons for drilling.
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FIGURE 1: MAP OF TOM DEPOSITS, TOM NORTH TARGET AND 2019 DRILLING
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FIGURE 2: TOM EAST CROSS SECTION
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FIGURE 3: LONG SECTION OF TOM NORTH AND TOM WEST HISTORIC2 AND
NEW DRILL RESULTS
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FIGURE 4: TOM NORTH CROSS SECTION
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TABLE 2: 2019 DRILL HOLE COLLAR DATA
Drill Hole Length (m) Target Easting Northing Elevation (m) Dip (°) Grid Azimuth (°)
TS19-001 110.0 Tom North 441686 7004448 1442 -51 077
TS19-002 119.0 Tom North 441716 7004332 1466 -51 075
TS19-003 125.0 Tom North 441628 7004602 1417 -52 059
TS19-004 234.0 Tom West 442043 7003582 1583 -77 092
TS19-005 45.0 Tom North 441804 7004295 1519 -50 077
TS19-006 54.0 Tom North 441803 7004295 1519 -60 077
TS19-007 330.0 Tom East 442002 7004363 1638 -64 073
TS19-008 84.0 Tom North 441747 7004541 1474 -50 065
TS19-009 45.0 Tom North 441770 7004426 1487 -50 065
TS19-010 184.8 Target R 440256 7005943 1211 -50 318
JS19-001 108.0 Jason North 436216 7002989 1311 -50 011
JS19-002 100.2 Jason North 436166 7002950 1300 -50 011
MP19-001 89.0 Target A 429812 7005980 1225 -50 207
MP19-002 63.2 Target G 417543 7017670 1750 -49 211
NB19-001 308.8 Boundary Zone 422379 7010432 1170 -50 216
NB19-002 357.0 Boundary Zone 422379 7010432 1170 -65 216
UTM Zone 9 NAD83