Fireweed Reports Results

Fireweed Reports Results

By: Tomas Ronolski - News

Wednesday, October 16, 2019


News on the mining front, Vancouver-based  Fireweed Zinc Ltd.(TSX-Venture: FWZ) grabbed investor attention with results from the first 2019 drill hole on the Boundary Zone at the Macmillan Pass Project in Yukon.

FWZ says this first 2019 drill hole at the Boundary Zone intersected 3.44% Zinc over a true width of 250 metres with high grade subintervals including 16.35% Zinc over a drill intersection of 23.31 metres. It’s a section which has graded 9.18% Zinc 4.45% Lead and 71.6 g/t Silver over an intersection of 11.85 metres and local very-high-grade sections including 47.70% Zinc over an intersection of 1.01 metres.

The company goes on to say the addition of Boundary Zone to the project has potential to expand current mineral resources and improve current PEA economics. Assays from an additional hole at Boundary Zone are pending.

While FWZ shares demonstrated less-than-earth-shattering volume (34,100 shares), those shares gained four cents, or 8.3%, to 52 cents

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