Fireweed Metals Commences 2025 Field Program
Fireweed Metals Commences 2025 Field
Program
TSXV: FWZ
OTCQX: FWEDF
FSE: M0G
VANCOUVER, BC
,
June 4, 2025
/CNW/ - FIREWEED METALS CORP. ("Fireweed" or the
Company") (TSXV: FWZ) (OTCQX: FWEDF) is pleased to announce the launch of its 2025 Field
Program, with planned project advancement and exploration activities across its Mactung, Macpass,
Gayna, and North Canol Infrastructure Improvement (NCIIP) projects.
The 2025 Program includes up to
26,000 m
of combined diamond drilling across the three critical
metals projects, including up to
12,000 m
at Macpass, up to
11,000 m
at Mactung, and
approximately
3,000 m
at Gayna. At Macpass, additional regional work will also be conducted to
refine target areas and build upon historical exploration efforts across the broader district. Fieldwork
is now underway at Macpass, with work at Mactung and Gayna expected to follow.
Ian Gibbs
, President and Chief Executive Officer stated "we are very excited to have commenced
field operations across multiple critical metals projects. The Mactung field program and engineering
studies will inform an updated Feasibility Study, scheduled to commence this year, on our 100%
owned strategic tungsten project. A potentially high-impact inaugural exploration drilling campaign will
be undertaken at Gayna, guided by an updated exploration model for mineralization. Exploration
efforts will continue across the Macpass district aimed at expanding discovered deposits, drilling
priority regional prospects, including our first intrusion related gold prospects, and continuing regional
exploration efforts. The team has kicked off our important NCIIP work and are actively expanding
our collaboration with the federal and territorial governments, as well as local Indigenous groups.
Collectively this marks Fireweed's most ambitious field season to date and a major step forward in
advancing our district-scale projects."
2025 Mactung Program
As part of the US Defense Production Act (DPA) Title III-supported program announced in
December 2024
, Fireweed is progressing a major
11,000 m
drill program at Mactung, as well as
ongoing environmental baseline field work. These activities will support an updated Feasibility Study,
which is expected to commence this year and establish the foundation for future licensing and
permitting efforts. Activities will include the following:
1
.
Resource Update
– Targeting the conversion of portions of the unclassified and Inferred
Underground Mineral Resource
1
to the Indicated category.
2
.
Geometallurgical Sampling
– Provide large diameter (HQ) core for a geometallurgical
sampling program that will characterize the mineralogy, grain size, comminution and
metallurgical characteristics of defined geometallurgical domains throughout the mineral
resource.
3
.
Hydrogeological Studies
– Installing instrumentation to enhance the hydrogeological model for
both the deposit and planned infrastructure areas.
4
.
Geomechanical Logging
– Providing critical data to optimize underground excavation design.
5
.
Geotechnical Site Investigation
– Providing geotechnical and permafrost information in areas
of planned infrastructure and mine areas.
6
.
Expanded Gold Assay Coverage
– Increase the coverage of gold assays across the deposit,
focusing on areas where historical drilling did not test samples for gold and trace values were
assumed in the 2023 Mineral Resource.
Additionally, Fireweed plans to scan available historical drill core using advanced core scanning
technology. This will generate super-high-resolution imagery, XRF, short-wave ultra-violet, and
hyperspectral data, which will be integrated into the geological model to refine the Mineral Resource
Estimate and support the development of a comprehensive geometallurgical model.
2025 Macpass Field Program
At Macpass, Fireweed has initiated a large-scale exploration drilling program targeting both high-
priority regional prospects and step-outs around known zinc-lead-silver-gallium-germanium deposits.
The Company also plans to drill-test intrusion-related gold targets identified through previous
fieldwork. The program is guided by a comprehensive foundation of geological, geochemical, and
geophysical data collected through and including the 2024 season, supporting drill testing of newly
developed targets across the district.
2025 Macpass Drill Program
1
.
Tom South
– Step out drilling at Tom South to follow up on high-grade intercepts from 2023
and 2024, both up and down dip and along strike of the defined resource. Notable intercepts
from 2024 include
15.12 m
(
10 m
true width
2
) of 10.39% zinc, 18.10% lead, and 296.9 g/t silver
in hole TS24-002 and
18.15 m
(
11 m
true width
2
) of 9.02% zinc, 7.46% lead, and 148.3 g/t
silver in hole TS24-001.
2
.
Boundary Zone
– Drill testing of density anomalies generated through the combined Muon and
Gravity surveys. This drilling will test targets along strike of the high-grade massive sulphide
lens of Boundary Zone Prime Zone, as well as density anomalies adjacent to the Boundary
Zone trend. For more information please visit the 2025 news release on muon targets:
https://fireweedmetals.com/fireweed-metals-identifies-targets-using-muon-tomography/
3
.
Regional Exploration
– Several high-potential targets for sediment hosted zinc-lead-silver have
been identified and are ready for drill testing in 2025.
4
.
Intrusion Related Gold
– Following up on targets identified through the 2023 and 2024
seasons, Fireweed intends to drill test one or more of these coincident geophysical and
geochemical anomalies that are highly prospective for intrusion related gold systems.
5
.
Focused Muon Survey –
Following the successful imaging of Boundary Zone during the 2024
Muon Survey, Fireweed intends to leverage this technology in a greenfields exploration program
targeting the David, Goliath, Sling and Harvest areas. Drill holes will be dual-purpose: first, to
test geophysical and geochemical targets through core logging and analysis; and second, to
host muon detectors post-drilling to generate a comprehensive density image of the subsurface.
2025 Macpass Regional Program
Fireweed intends to continue regional exploration efforts on our vast underexplored (~948 km
2
) land
package, including high-definition ground gravity surveying over previously identified targets to
enhance resolution, regional gravity surveying to identify new anomalies, soil sampling to provide
geochemistry around both zinc-lead-silver as well as intrusion related gold targets, and prospecting
to identify near target mineralization.
Gayna Field Program
Fireweed is planning to drill approximately
3,000 m
to test several targets along reef margins
identified by ground gravity, soil geochemistry, and airborne geophysics efforts. High-grade rock and
soil samples have confirmed the presence at surface of massive sulfide mineralization, containing
elevated levels of critical metals zinc, germanium and gallium. The program is designed to test a new
mineralization model related to carbonate reef margin deposition. Camp and materials were
mobilized to site in February.
North Canol Infrastructure Improvement Project (NCIIP)
Fireweed has initiated key project activities associated with NCIIP, for which it was conditionally
awarded
C$12.9 million
in funding under the Canadian Critical Minerals Infrastructure Fund in
December 2024
(subject to due diligence). The conditional award enables Fireweed to lead planning
efforts for infrastructure improvements that would serve the critical minerals district at Macmillan
Pass.
Key engineering and environmental vendors supporting the NCIIP have been retained and the
company is facilitating their mobilization for important field-based efforts in 2025, including roadway
surveying and biophysical data collection. The company continues to actively engage with federal
and territorial regulatory bodies as well as Indigenous groups to ensure alignment of objectives and
progress the project in advance of an anticipated definitive Contribution Agreement with
Canada
.
Qualified Person Statement
Technical information in this news release has been approved by Fireweed Metals Senior Geologist,
Ian Carr
, P.Geo. (BC), a 'Qualified Person' as defined under National Instrument 43-101. Mr. Carr is
not independent of Fireweed for purposes of NI 43-101.
About Fireweed Metals Corp.
Fireweed is an exploration company focused on unlocking value in a
new critical metals district located in
Northern Canada
. Fireweed is 100% owner of the Macpass
District, a large and highly prospective 985 km
2
land package. The Macpass District includes the
Macpass zinc-lead-silver project and the Mactung tungsten project. A Lundin Group company,
Fireweed is strongly positioned to create meaningful value.
Fireweed trades on the TSX Venture Exchange under the trading symbol "FWZ", on the OTCQX
Best Market under the symbol "FWEDF", and on the Frankfurt Stock Exchange under the trading
symbol "M0G".
Additional information about Fireweed and its projects can be found on the Company's website at
FireweedMetals.com and at
www.sedarplus.com
ON BEHALF OF FIREWEED METALS CORP.
"
Ian Gibbs
"
President, CEO, and 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
Forward Looking Statements
This news release contains "forward-looking" statements and information ("forward-looking
statements"). All statements, other than statements of historical facts, included herein, including,
without limitation, statements relating to interpretation of drill results, targets for exploration,
potential extensions of mineralized zones, future work plans, the use of funds, and the potential of
the Company's projects, are forward looking statements. Forward-looking statements are
frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends",
"estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or
results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements are
based on the beliefs of Company management, as well as assumptions made by and information
currently available to Company management and reflect the beliefs, opinions, and projections on the
date the statements are made. Forward-looking statements involve various risks and uncertainties
and accordingly, readers are advised not to place undue reliance on forward-looking statements.
There can be no assurance that such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations include but are not
limited to, exploration and development risks, unanticipated reclamation expenses, 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, 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, uncertainties involved in the interpretation of drilling results and
laboratory tests, and one-time events. The Company assumes no obligation to update forward
looking statements or beliefs, opinions, projections or other factors, except as required by law.
1
For Mactung Mineral Resources, see Fireweed news release dated
June 13, 2023
"Fireweed
Metals Announces Mineral Resources for the Mactung Project: the Largest High-Grade Tungsten
Deposit in the World" and the technical report entitled "NI 43-101 Technical
Report, Mactung Project,
Yukon Territory, Canada
," with effective date
July 28, 2023
filed on
https://www.sedarplus.ca/
.
Garth Kirkham
, P.Geo. is considered independent of the Company, and
a 'Qualified Person' as defined under NI 43-101.
Garth Kirkham
, of Kirkham Geosystems Limited., is
responsible for the Mactung Mineral Resource Estimate.
2
True widths for primary intervals are estimated by measuring perpendicular to strike within the
short axis of a stratiform wireframe that has been constructed in 3D around the mineralized
intercepts at Tom based on assay results, geological logging, stratigraphic correlation, and bedding
measurements from oriented core. The massive sulphide mineralization and laminated mineralization
at Tom are stratiform (oriented parallel to bedding), therefore the true width, or thickness, of the
zone is estimated perpendicular to both the strike and dip direction of bedding. True widths are
rounded to the nearest metre for widths over
10 m
and to the nearest
0.1 m
for widths less than
10
m
, as this better reflects the precision of the estimates. True widths should be regarded as
approximate as these are derived from an estimation that uses a preliminary interpretation of the
geological model.
SOURCE
Fireweed Metals Corp.
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For further information:
Alex Campbell, Phone: +1 (604) 689-7842, Email:
CO: Fireweed Metals Corp.
CNW 07:30e 04-JUN-25