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Nice zinc intercepts at Macmillan Pass

 

Last updated 1/13/2018 at 1:22pm



Fireweed Zinc Ltd. Oct. 24 reported high-grade zinc intercepts from verification drilling in the Jason Main zone results at its Macmillan Pass project in eastern Yukon.

The best intercept from this second batch of assay results from 2017 drilling at Jason include 13.1 meters of 13.24 percent zinc and 3.38 percent lead.

Another hole cut 15.7 meters of 10.22 percent zinc and 1.95 percent lead.

Another hole drilled at Jason earlier this year cut 7 meters of 12.16 percent zinc and 3.13 percent lead.

The results from this year's drilling at Jason will be used to update a historical resource for the deposit.

Fireweed said Jason Main remains open for expansion as well as the nearby high-grade Jason South Zone which was not drilled in 2017.

The 2017 program at Macmillan Pass also tested the Tom zones, which also have historical resources.

Earlier reported results from Tom West include 24.4 meters of 10.2 percent zinc, 6.28 percent leadn and 87.7 grams per metric ton silver.

Results from additional holes drilled at Tom are pending.

Results from the 2017 drilling and re-sampling of historical core will be incorporated into an NI 43 101-compliant mineral resource for Tom and Jason.

Completion of the report is expected by year end. Following the completion of the resources estimate and associated technical report, expected by year's end, Fireweed plans to initiate a preliminary economic assessment to evaluate future mine planning, metallurgy and project economics.

-SHANE LASLEY

 

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