Teck to up its stake in Fireweed Zinc

North of 60 Mining News – February 1, 2019

 

Last updated 9/25/2020 at 10:50am

Teck Resources put order in to acquire additional Fireweed Zinc shares Yukon

Fireweed Zinc Ltd.

Based on drilling through 2017, the Jason and Tom deposits at Macmillan Pass host 11.21 million metric tons of indicated resource averaging 6.59 percent (1.63 billion lb) zinc, 2.48 percent (610 million lb) lead and 21.33 g/t (7.7 million ounces) silver; plus 39.47 million metric tons of inferred resource averaging 5.84 percent (5.08 billion lb) zinc, 3.14 percent (2.73 billion lb) lead and 38.15 g/t (48.4 million oz) silver.

Fireweed Zinc Ltd. Jan. 18 announced that Teck Resources Ltd. has put in a lead order to acquire shares during Fireweed's upcoming C$5 million private placement financing.

Teck, which already holds a 4.7 percent interest in Fireweed, will up its holdings in the Yukon zinc explorer to around 9.9 percent.

"Fireweed is delighted to see Teck grow their stake in the company to just shy of 10 percen...



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