Fireweed Exploration Update: Exploration Ramps Up at Macmillan Pass
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NEWS RELEASE
August 19, 2020 TSXV: FWZ
Fireweed Exploration Update: Exploration Ramps Up at Macmillan Pass
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ)
is pleased to announce that exploration work is ramping up on the Macmillan Pass Zinc Project in Yukon,
Canada.
Highlights
• The first core drill will arrive on site next week and a second drill will arrive shortly after
• Most drilling will be at Boundary Zone , further testing the wide, high-grade mineralization
intersected in 2019
• New discovery targets will also be drilled, including 240 Mile Target
• Geological mapping, geochemical sampling, and prospecting are underway in the Boundary Zone
area and at 240 Mile Target (see Fireweed news release dated June 11, 2020 for details of 2020
exploration targets on the property)
• Ground gravity surveying has begun in the Fertile Corridor to the west of previous surveys ,
including the area around Boundary Zone
• An airborne VTEM-Magnetic geophysical survey over the western Fertile Corridor including the
Boundary Zone area is also scheduled to start shortly
CEO Statement
Brandon Macdonald, CEO, stated “Our recent financing has allowed us to mount a big exploration program
this summer that will run late into the season . We will be using two drills to step up the exploration of the
Boundary Zone where last year we drilled very impressive intersections including 100 metres of 7.94% zinc
from surface including 6.4 metres of 42.88% zinc. Our field crews have already been hard at work exploring
other targets that we may also drill test in search of new discoveries. The next couple of months promises
to be a busy and exciting time for the project.”
Core Drilling
Two drills will arrive shortly and will mainly be deployed to test the high-grade Boundary Zone core and
zone extensions. Previous drilling at Boundary intersected wide sections of potential open pit
mineralization. Drilling highlights from 2019 include 100 metres of 7.94% zinc from surface , including
6.4 metres of 42.88% zinc within 230 metres of 4.14% zinc.
Other targets we plan to drill this summer include the Bog Zone, which has significant historic drill results
and is located near Boundary Zone , and 240 Mile Target, marked by a large gravity anomaly that may
indicate buried mineralization between the Tom and Jason deposits (see Fireweed news release dated
June 11, 2020 for details of other targets).
Geophysics
Ground gravity crews are currently surveying the western portion of the Fertile Corridor including the
Boundary Zone area (see Map 2). Boundary Zone is potentially a large mineralized “feeder” system to
nearby undiscovered stratiform mineralization similar to stratiform mineralization at the large Tom and
Jason deposits. Gravity anomalies mark mineralization at Tom and Jason , and other mineralization in the
Fertile Corridor.
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A 1,300 line-kilometer airborne VTEM -Magnetics geophysics survey has been contracted to start in the
coming weeks. It will cover the western portion of the Fertile Corridor including Boundary Zone, Volcanic
Target, and Zinc Moss Target (see Map 2). Results of the survey will be used to guide work programs and
exploration targeting.
Field Exploration
Geological mapping, geochemical sampling, and prospecting have been ongoing to define drill targets at
Volcanic Target, Zinc Moss Target, Eleven Target, and Round Mountain Target (see Map 1 and Fireweed
news release dated June 11, 2020 for details).
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 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 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, exploration 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 working
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
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.
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Map 1 – Macmillan Pass Project:
Locations of the 2020 exploration targets, advanced prospects, and known deposits.
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Map 2 – Macmillan Pass Project:
Locations of the 2020 ground gravity, 2020 airborne VTEM surveys, and previous surveys.