Fireweed Exploration Update: Drilling Commences at Macmillan Pass
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NEWS RELEASE
June 25, 2019 TSXV: FWZ
Fireweed Exploration Update: Drilling Commences at Macmillan Pass
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ)
is pleased to announce that drilling and field work for the 2019 summer campaign has now started on the
Macmillan Pass Zinc Project in Yukon, Canada.
Highlights
Core drilling has begun on the first target at Tom North (see Map 1)
Reverse circulation (RC) drilling has begun on Target R
The gravity surveying crew has arrived to begin work in the Fertile Corridor
Geological mapping, sampling, and prospecting are underway
See Fireweed news release dated May 21, 2019 for full details of the 2019 exploration plans.
Core Drilling
The first target to be core drilled this summer is To m North, where three of the wide-spaced planned drill
holes have now been completed. Samples are now be ing cut for shipment to the laboratory and an
additional (fourth) hole has been added to the Tom North program (see Figure 2) to twin historic hole
TS005 (drilled in 1952) to test the reproducibility of th e historic results. Fireweed drilling elsewhere at
Tom demonstrated that many early historic drill r esults under-reported grades due to poor core recoveries
(see examples in 2017 and 2018 Fireweed drilling news releases). The 2019 Tom North drilling is testing
the continuity of mineralization along a 600 m long extension northwards from the large Tom West
mineral resource. Positive drill results at Tom No rth have the potential to extend open pit and
underground mine life, and impr ove economics described in the current Preliminary Economic
Assessment (PEA) (see Fireweed news release dated May 23, 2018).
RC Drilling
Reverse circulation (RC) drilling has begun at Target R (see Map 1) to test a coincident gravity-magnetic
and soil anomaly discovered in 2018. Target R is locat ed 2.5 km north of the Tom West mineral resource.
The next target for the RC drill is Jason North, which is a coincident geological-geochemical-geophysical
target located just north of the large Jason Main mineral resource.
Field Exploration
Gravity survey crews have arrived on site and will begin surveying in the coming days. Gravity surveying
is planned along the Fertile Corridor and will extend west from the 2018 survey area (see Map 1). In
2018, gravity surveys identified a number of targets that will be drilled this summer.
Geological mapping, sampling, and prospecting h as begun with the aim to advance Fireweed’s
understanding of the geological cont rols on mineralization and further delineate prospective areas on the
large 544 km2 property.
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Technical information in this news release has been reviewed and 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 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 Minera l 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 Zo ne and End Zone which have significant
zinc-lead-silver mineralization drilled but not yet cl assified as mineral resources. The project also
includes option agreements on large blocks of adj acent 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 Fire weed Zinc and its Macmillan Pass Zinc Project 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 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.
Cautionary Statements
This news release may contain “forwa rd-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 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
oversight, 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.
Footnotes:
1. 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 plans for additional drilling.
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MAP 1: MACMILLAN PASS MINERALIZATION AND TARGETS
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FIGURE 2: TOM NORTH TARGET WITH HISTORIC DRILL RESULTS1
A new drill target found in old data