- Exploration is concentrating on reef margin high-grade large sulphide mineralization utilizing a floor gravity geophysical survey.
- The 2022 geophysical program recognized two broad areas with gravity anomalies per Kipushi-style targets.
- The 2023 gravity survey goals to increase the gravity protection to determine new anomalies, and to refine present anomalies for future drill-testing.
CEO Assertion
Brandon Macdonald, CEO, said “We’re very excited to proceed work on Gayna; the brand new interpretations of historic knowledge mixed with our geophysical and geochemical surveys present that the Challenge has important potential to host an identical fashion of mineralization to the world-class Kipushi deposit. With latest floor samples displaying high-grade zinc (Zn) and lead (Pb), the 2023 survey work will permit larger decision definition of targets in preparation for future drill testing.”
2023 Geophysical Survey
Crews accomplished a three-week lengthy, low-impact floor gravity survey at Gayna. The survey offered infill protection of the 2022 grid; coated targets A, B, C, F, and L (Map 4); and expanded the grid to cowl extra reef-margin targets.
Map 1: Gayna Challenge Location Relative to Fireweed’s Flagship Macpass and Mactung Initiatives
Map 2: Gayna Challenge Geology
Map 3: Gayna Challenge Claims and Historic Drill Collars
Gayna Challenge (zinc-lead-silver-gallium-germanium)
The Gayna prospects are hosted in dominantly carbonate sedimentary rocks of Neoproterozoic age throughout the Mackenzie Mountains. These carbonate models encompass a succession of shale-carbonate rocks containing calcimicrobial limestone reefs fashioned by stromatolites and presumably early sponges. The reefs are surrounded by comparatively deeper-water sediments intermixed with reef-derived talus, with particular person reefs a number of hundred metres to over three kilometres in diameter and lots of of metres in thickness. This sharp, near-vertical interface between the reef and the encompassing sedimentary rocks is being focused as an atmosphere analogous to the high-grade Large Zinc Zone on the Kipushi deposit within the Democratic Republic of Congo 1 . Mineralization found at Gayna so far happens in veins and breccias in carbonate rocks much like Mississippi-Valley-Sort (MVT) mineralization, or Irish-type Zn-Pb mineralization. Sphalerite and minor galena happen as infill inside veins, vugs, and breccias together with dolomite-calcite-quartz-pyrite. This mineralization is interpreted because the distal expression of Kipushi-style large sulphide mineralization which may be current alongside the subvertical margins of the carbonate reefs. This steep reef margin geometry at Gayna was not examined by historic, sub-vertical drill holes that focused sub-horizontal, shallowly dipping mineralization. The geophysics work from 2022 exhibits compelling gravity targets, and the information generated within the 2023 gravity program will information future drilling applications to check these anomalies utilizing inclined drillholes.
Rio Tinto accomplished over 28,000 m of exploration drilling at Gayna within the 1970’s to check targets recognized by prospecting or soil geochemistry, and to check stratiform targets with a grid drilling strategy using vertical holes on a sq. grid with a mean spacing of 600 m between holes (Map 3). Given the vertical holes and the extensive historic drill grid spacing, these drill applications left the idea of subvertical our bodies of large sulphide mineralization untested. The Challenge was restaked by Fireweed in 2022 to check the brand new exploration idea that Kipushi-style, high-grade large sulphide could also be current at Gayna.
A floor gravity survey, an airborne LiDAR survey, and an orthophoto survey have been carried out in 2022 to accumulate high-quality geophysical knowledge utilizing trendy expertise and practices. The outcomes of the 2022 gravity program delineated a number of gravity-high anomalies over the inferred place of the reef-margins. For an summary of outcomes from the 2022 program, please confer with Fireweed information launch dated November 17, 2022.
A restricted 2022 rock sampling program at identified showings returned samples with excessive zinc, silver, and lead concentrations, and in addition contained elevated concentrations of the important minerals gallium (2 to 42 ppm) and germanium (9 to 99 ppm) (places of the 8 samples proven on Map 4 and assays in Desk 1). The 2022 rock sampling returned a specimen with a spectacular zinc grade of 51.2%, in addition to one other pattern grading 73.7% lead (Photograph 1). These samples, whereas derived from floor boulders, illustrate the potential for an undiscovered supply(s) of large sulphides with extraordinarily excessive grades, similar to Kipushi, hosted in the identical reef-margin atmosphere. A number of intensive, excessive magnitude lead-zinc soil anomalies current on the Challenge aren’t readily defined by the outcomes of the historic drilling and present potential for but undiscovered high-grade large sulphide mineralization alongside the reef-margins.
Map 4: 2022 Gayna Challenge Rock Pattern Areas
Desk 1: 2022 Gayna Challenge Rock Seize Samples
Pattern | Zn (%) | Pb (%) | Ag (ppm) | Ga (ppm) | Ge (ppm) | Goal | Easting | Northing |
3200018 | 9.7 | 0.1 | 2.9 | 5 | 14 | A Displaying | 419512 | 7203599 |
3200019 | 7.3 | 0.0 | 3 | 9 | F Displaying | 420506 | 7203716 | |
3200020 | 16.8 | 7.4 | 16 | 62 | B Displaying | 418370 | 7203568 | |
3200021 | 33.3 | 0.0 | 6.4 | 6 | 44 | A Displaying | 419481 | 7203535 |
3200022 | 27.7 | 0.0 | 0.9 | 4 | 29 | A Displaying | 419467 | 7203510 |
3200024 | 9.3 | 73.7 | 40.5 | 4 | 88 | C Displaying | 418087 | 7203727 |
3200025 | 51.2 | 0.1 | 1.2 | 42 | 39 | D Displaying | 416623 | 7207019 |
3200026 | 24.6 | 0.0 | 18.4 | 2 | 99 | G Displaying | 421884 | 7201915 |
Coordinate reference system: UTM Zone 9 NAD83
Photograph 1: Gayna Challenge Rock Pattern with Large Galena-Sphalerite
Certified Particular person Assertion
Technical data on this information launch has been permitted by Fireweed Metals‘ VP Geology, Jack Milton, Ph.D., P.Geo. (BC), a ‘Certified Particular person’ as outlined underneath Canadian Nationwide Instrument 43-101.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public mineral exploration firm on the vanguard of Crucial Minerals undertaking improvement. Fireweed is well-funded, with a robust present money place and is presently finishing up a big 2023 exploration program. The Firm has three tasks situated in Canada:
- Macpass Challenge (zinc-lead-silver) : Fireweed owns 100% of the district-scale 940 km 2 Macmillan Go (“Macpass”) Challenge in Yukon, Canada, which is host to one of many largest undeveloped zinc assets on this planet* the place the Tom and Jason zinc-lead-silver deposits have present Mineral Sources 2 (11.21 Mt Indicated Useful resource at 6.59% zinc, 2.48% lead, and 21.33 g/t silver; and 39.47 Mt Inferred Useful resource at 5.84% zinc, 3.14% lead, and 38.15 g/t silver) and a Preliminary Financial Evaluation 3 (PEA). As well as, Boundary Zone, Tom North and Finish Zone have important zinc-lead-silver mineralization drilled however not but categorised as mineral assets. The undertaking additionally consists of massive blocks of adjoining claims with identified showings and important upside exploration potential.
- Mactung Challenge (tungsten) : The Firm owns 100% curiosity within the 37.6 km 2 Mactung Challenge situated adjoining to the Macpass Challenge. Lately introduced mineral assets for Mactung (41.5 Mt Indicated Useful resource at 0.73% WO 3 and 12.2 Mt Inferred Useful resource at 0.59% WO 3 ) 4 make it the world’s largest high-grade useful resource of the Crucial Mineral tungsten*. Positioned in Canada, it is among the uncommon massive tungsten assets outdoors of China*.
- Gayna Challenge (zinc-lead-gallium-germanium) : Fireweed owns 100% of the 128.75 km 2 Gayna undertaking situated 180 km north of the Macpass Challenge. It’s host to intensive mineralization together with Crucial Minerals zinc, gallium and germanium in addition to lead and silver, outlined by 28,000 m of historic drilling and important upside potential.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Enterprise Alternate. Within the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Enterprise Marketplace for early stage and creating U.S. and worldwide firms and is DTC eligible for enhanced digital clearing and settlement. Traders can discover Actual-Time quotes and market data for the Firm on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Inventory Alternate.
Extra details about Fireweed and its tasks might be discovered on the Firm’s web site at FireweedMetals.com and at www.sedarplus.com
ON BEHALF OF Fireweed Metals CORP.
” Brandon Macdonald ”
CEO & Director
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Information Verification
Geophysical surveying in 2022 and 2023 was carried out by a professional and impartial contractor underneath the course of Fireweed Metals.
Rock samples from the 2022 subject program have been despatched to the Bureau Veritas preparation laboratory in Whitehorse, Yukon, the place the samples have been crushed and a 500 g cut up was despatched to the Bureau Veritas laboratory in Vancouver, B.C to be pulverized to 85% passing 200-mesh measurement pulps. Clear crush materials was handed by the crusher and clear silica was pulverized between every pattern. The pulps have been analyzed by 1:1:1 Aqua Regia digestion adopted by Inductively Coupled Plasma Mass Spectrometry (ICP-ES/ICP-MS) multi-element analyses (BV Code AQ270). All samples have been additionally analyzed for a number of components by lithium borate fusion and X-ray fluorescence evaluation (XRF) end (BV Code LF725). Over-limit lead (>25.0%) and zinc (>24.0%) have been analyzed by lithium borate fusion with XRF end (BV Code LF726). Samples have been subjected to fireside assay for gold, platinum and palladium by fusion adopted by ICP-ES evaluation (BV Code FA330), in addition to assay for gallium and germanium by hydrofluoric acid and Aqua Regia digestion adopted by ICP-MS evaluation (BV Code GC204). For rock samples, silver is reported on this information launch by methodology AQ270, zinc and lead are reported by LF725 or LF726, and gallium and germanium by GS204.
Bureau Veritas (Vancouver) is an impartial, worldwide ISO/IEC 17025:2005 accredited laboratory. Laboratory blanks, duplicates, and requirements have been analysed as a part of routine knowledge QAQC.
Cautionary Statements
Ahead Trying Statements
This information launch incorporates “forward-looking” statements and knowledge (“forward-looking statements”). All statements, apart from statements of historic details, included herein, together with, with out limitation, statements regarding mineralization potential, interpretation of drill outcomes, future work plans, the usage of funds, and the potential of the Firm’s tasks, are ahead wanting statements. Ahead-looking statements are continuously, however not all the time, recognized by phrases equivalent to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “attainable”, and comparable expressions, or statements that occasions, situations, or outcomes “will”, “could”, “may”, or “ought to” happen or be achieved. Ahead-looking statements are primarily based on the beliefs of Firm administration, in addition to assumptions made by and knowledge presently out there to Firm administration and mirror the beliefs, opinions, and projections on the date the statements are made. Ahead-looking statements contain numerous dangers and uncertainties and accordingly, readers are suggested to not place undue reliance on forward-looking statements. There might be no assurance that such statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. Essential elements that might trigger precise outcomes to vary materially from the Firm’s expectations embrace however aren’t restricted to, exploration and improvement dangers, unanticipated reclamation bills, expenditure and financing necessities, basic financial situations, modifications in monetary markets, the flexibility to correctly and effectively workers the Firm’s operati ons, the sufficiency of working capital and funding for continued operations, title issues, First Nations relations, working hazards, political and financial elements, aggressive elements, steel costs, relationships with distributors and strategic companions, governmental rules and oversight, allowing, seasonality and climate, technological change, trade practices, uncertainties concerned within the interpretation of drilling outcomes and laboratory exams, and one-time occasions. The Firm assumes no obligation to replace ahead ‐ wanting statements or beliefs, opinions, projections or different elements, besides as required by regulation.
Footnotes and References
* References to relative measurement and grade of the Mactung assets and Macpass assets compared to different tungsten and zinc deposits elsewhere on this planet, respectively, are primarily based on evaluate of the Customary & Poor’s World Market Intelligence Capital IQ database.
1 : For particulars, see Turner, E. C., D. W. Broughton, and T. Brooks. “Neoproterozoic carbonate lithofacies and ore distribution on the Kipushi Cu-Zn deposit, Democratic Republic of Congo, and Gayna River Zn camp, Northwest Territories, Canada.” Financial Geology 113.3 (2018): 779-788.
2 : For particulars, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101 Technical Report on the Macmillan Go Zinc-Lead-Silver Challenge, Watson Lake and Mayo Mining Districts Yukon Territory, Canada” filed on https://www.sedarplus.ca/ on February 23, 2018, and Fireweed Information Launch dated January 10, 2018.
3 : For particulars, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101 Technical Report Macmillan Go Challenge Yukon Territory Canada” filed on https://www.sedarplus.ca/ on July 9, 2018, and Fireweed Information Launch dated Could 23, 2018. This Technical Report features a Preliminary Financial Evaluation disclosing an financial evaluation of mineral assets that’s preliminary in nature and doesn’t embrace any mineral reserves. It’s equally emphasised that the mineral assets disclosed inside this Technical Report aren’t mineral reserves and should not have demonstrated financial viability.
4 : For particulars, see Fireweed information launch dated June 13, 2023 “Fireweed Metals Publicizes Mineral Sources for the Mactung Challenge: the Largest Excessive-Grade Tungsten Deposit within the World” and the technical report entitled “NI 43-101 Technical Report, Mactung Challenge, Yukon Territory, Canada,” with efficient date July 28, 2023 filed on https://www.sedarplus.ca/
Contact: Brandon Macdonald
Telephone: (604) 646-8361
E mail: data@fireweedmetals.com
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