Fireweed Reports Results

Fireweed Reports Results

By: Tomas Ronolski - AllPennyStocks.com 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


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Are We On The Cusp Of A New Pot Sector Rally?
Auryn Expands High-Grade Zone
Ionix Rides Financial Figures to Sharp Stock Rise
Nocopi Rockets on Q3 Figures


Back to Top