Fireweed Drills 298 m of 4.5% Zinc, 1.4% Lead and 30.9 g/t Silver Including a new zone of 24.5% Zinc, 15.1% Lead and 323.2 g/t Silver over 9.6 m

Fireweed Drills 298 m of 4.5% Zinc, 1.4% Lead and 30.9 g/t Silver Including a new zone of 24.5% Zinc, 15.1% Lead and 323.2 g/t Silver over 9.6 m

 

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce the final set of results from the 2022 drill program at Boundary Zone, Macmillan Pass, Yukon, Canada (Map 1). Additional results from 9 holes drilled at the Tom deposit in 2022 are pending.

 

   Highlights   

 
  • Multiple wide and high-grade zinc-lead-silver intersections in five different holes including many near surface intersections.
    •  
  • Hole NB22-023 intersected 298 m of 4.5% zinc, 1.4% lead, and 30.9 g/t silver including a new zone of stratiform mineralization grading 24.5% zinc, 15.1% lead, and 323.2 g/t silver over 9.6 m.
    •  
  • Hole NB22-022 intersected 226.8 m of 5.7% zinc, 0.6% lead, and 21.6 g/t silver including an intersection within the new stratiform zone of 9.3 m grading 16.6% zinc, 4.4% lead, and 143.1 g/t silver.
    •  
  • Hole NB22-017 intersected 60.5 m of 12.0% zinc and 21.9 g/t silver starting within 20 m from surface, including 6.2 m of 40.1% zinc, and 84.2 g/t silver.
    •  
  • Hole NB22-012 intersected 174.7 m of 3.0% zinc, and 7.9 g/t silver, including 32.2 m of 6.4% zinc, and 11.2 g/t silver.

    •  

 
CEO Statement  

 

Brandon Macdonald, CEO, stated "The 2022 Boundary Zone drill results are nothing short of spectacular. Earlier in the season at Boundary West we drilled the best hole in 72 years of exploration anywhere at the Macmillan Pass project. The current results are not far behind and include extremely high-grade intersections within a new stratiform zone that we have now intersected in just a few holes at Boundary Main. With our biggest ever drill program planned for 2023, we see great potential for Boundary Zone."

 

   Boundary Zone Drilling Results   

 

The following are the final drill results from Boundary Zone (Maps 1 and 2), all within the Boundary Main area. The last results from 9 holes from the Tom zinc-lead-silver deposit 2022 drill program are still pending.

 

Table 1: Boundary Zone 2022 drill result highlights from drill holes in this news release. See Table 2 for full table of results.

 
                                                                                                                                                                                                      
  Drill hole    Interval    from (m)    to (m)    Interval (m)    Zinc (%)    Lead (%)    Silver (g/t)    Bulk Density (t/m   3   )  
NB22-012





  primary    166.15    340.87    174.72    3.04    0.03    7.9    2.972  
>including 178.55 210.79 32.24 6.43 0.03 11.2 3.175
>and 327.86 338.00 10.14 8.29 0.07 34.1 3.546
NB22-015 primary 17.90 31.85 13.95 6.83 0.02 10.0 2.938
NB22-017





  primary    19.50    79.96    60.46    12.01    0.38    21.9    3.003  
  >including    40.30    79.96    39.66    16.60    0.55    30.1    3.077  
  >>including    53.57    74.00    20.43    25.79    0.95    46.4    3.285  
  >>>including    55.00    61.20    6.20    40.14    0.28    84.2    3.599  
NB22-022













  primary    33.20    260.00    226.80    5.71    0.60    21.6    3.089  
>including 38.67 238.34 199.67 6.25 0.62 23.3 3.083
  >>including    38.67    54.50    15.83    14.48    0.11    27.1    3.282  
>>>including 49.66 54.50 4.84 21.18 0.10 34.7 3.437
>>and 87.14 97.25 10.11 17.03 0.13 40.3 3.281
  >>and    159.21    168.46    9.25    16.63    4.44    143.1    4.359  
  >>and    210.92    237.31    26.39    10.93    1.10    26.9    3.226  
>>>including 228.00 237.31 9.31 17.22 2.11 41.0 3.285
NB22-023











  primary    29.65    327.74    298.09    4.45    1.42    30.9    3.075  
  >including    120.95    326.77    205.82    5.08    2.00    41.8    3.147  
  >>including    120.95    157.80    36.85    15.05    5.18    127.6    3.063  
>>>including 126.37 130.75 4.38 38.29 0.08 103.1 3.353
  >>>and    148.20    157.80    9.60    24.45    15.11    323.2    3.993  
>>and 291.20 318.34 27.14 7.26 5.56 77.2 4.006
>>>including 298.11 303.15 5.04 10.45 8.42 111.9 4.168
 

*Intersected thicknesses, not true thicknesses, are stated for all intersections in Table 1. Due to the early-stage of drilling, true thicknesses cannot be accurately stated for these holes. Numbers in the text may differ slightly from the table due to rounding.

 

  NB22-012, NB22-022 and NB22-023  

 

These holes intersected wide zones of high-grade zinc mineralization on both sides of the Boundary Main Fault (see Cross Section H-H' and Map 2), including many near surface intersections. Above the fault are zones of vein-hosted sphalerite, including very-high grade breccias. Below the fault, NB22-022 and NB22-023 intersected the new stratiform zone, previously reported in NB22-018 and NB22-020 (see Fireweed news release dated February 27 th 2023). In NB22-022 and NB22-023 the new zone is very high grade, including significant lead and silver mineralization in addition to the high-grade zinc.

 

Hole NB22-023 intersected 298 m of 4.5% zinc, 1.4% lead, and 30.9 g/t silver including a 36.9 m intersection of 15.1% zinc, 5.2% lead, and 127.6 g/t silver that included very high grade breccia and veins over 4.4 m grading 38.3% zinc and 103.1 g/t silver and a very high grade new stratiform zone of massive sulphide over 9.6 m grading 24.5% zinc, 15.1% lead, and 323.2 g/t silver (Tables 1 and 2). Included near the end of the 298 m interval is a 27.1 m intersection of 7.3% zinc, 5.6% lead, and 77.2 g/t silver of massive sulphide and vein mineralization hosted in volcaniclastic rocks.

 

NB22-022 intersected 227 m of 5.7% zinc, 0.6% lead, and 21.6 g/t silver including some high grade intervals of sphalerite vein and breccia mineralization above the Boundary Main Fault: 15.8 m of 14.5% zinc, and 27.1 g/t silver; 1.4 m of 32.8% zinc, and 29.7 g/t silver; 10.1 m of 17.0% zinc, and 40.3 g/t silver; and 3.5 m of 10.6% zinc, and 17.2 g/t silver (Tables 1 and 2). In the new zone of stratiform massive sulphide mineralization, a 9.3 m intersection graded 16.6% zinc, 4.4% lead, and 143.1 g/t silver (see Image 1). Near the base of the 227 m intersection was a sub-interval of 26.4 m that graded 10.9% zinc, 1.1% lead, and 26.9 g/t silver within silicified diamictites.

 

NB22-012 intersected a wide interval of sphalerite vein mineralization largely in the hangingwall of the Boundary Main Fault of 174.7 m of 3.0% zinc, and 7.9 g/t silver, including: 32 m of 6.4% zinc, and 11.2 g/t silver; 6.9 m of 5.2% zinc, and 5.1 g/t silver; and 10.1 m of 8.3% zinc, and 34.1 g/t silver.

 

  NB22-017 and NB22-015  

 

These two infill holes were drilled from the same pad to test high grade vein and breccia mineralization in the hangingwall of the Boundary Main Fault. Hole NB22-017 intersected 60.5 m of 12.0% zinc, 0.4% lead, and 21.9 g/t silver including a 20.4 m intersection of 25.8% zinc, 1.0% lead, and 46.4 g/t silver that contained an interval of 6.2 m of 40.1% zinc, 0.3% lead, and 84.2 g/t silver, demonstrating that this high-grade zinc mineralization is present in the near surface (see Image 2 and Tables 1 and 2). Hole NB22-015 intersected 14 m of 6.8% zinc, and 10.0 g/t silver including 2.4 m of 19.7% zinc, and 29.3 g/t silver within 30 m of surface.

 

  Geological interpretation  

 

Dr. Jack Milton, Chief Geologist, Fireweed Metals, remarked "Boundary West and Boundary Main are separated by a 300 m gap in the drilling at depth. To vector in on high grade feeder zones, we map out in 3D, increases in: lead mineralization; silicification of the host rocks; abundance of diamictite rocks; and geochemically anomalous indicators such as copper concentration. At Boundary we see all of these factors increase towards the gap in the drilling from both sides and this occurs across an early-formed syn-sedimentary fault that likely served as a conduit for mineralizing fluids – a potential feeder zone. On one side of this gap at Boundary West we have our best ever hole and on the other side we have these very high-grade results from the newly discovered stratiform zone that is in the same position in the stratigraphy as our Tom and Jason deposits. We see great potential for even higher grades and more metal in the feeder zone, and we are very excited to test this gap by drilling as part of our large 2023 exploration program.".

 

See Long Section I-I' for a summary of the Boundary Zone mineralization and an interpretation of the target of a potential feeder zone.

 

 
Qualified Person Statement  

 

Technical information in this news release has been approved by Fireweed Metals Chief Geologist, Jack Milton, Ph.D., P.Geo. (BC), a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

 

  About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F):  Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. Fireweed is well-funded, with a current cash position of approximately C$38,000,000 and is well-positioned to carry out a large 2023 exploration program. The Company has three projects located in Canada:

 
  •   Macmillan Pass Zinc-Lead-Silver Project: Fireweed owns 100% of the district-scale 940 km 2 Macmillan Pass project in Yukon, Canada, which is host to one of the largest undeveloped zinc resources in the world* where the Tom and Jason zinc-lead-silver deposits have current Mineral Resources and a PEA economic study (see Fireweed news releases dated 10 th January 2018, and 23 rd May 2018, respectively, and reports filed on www.sedar.com for details). In addition, Boundary Zone (comprising Boundary Main, and Boundary West), Tom North (located adjacent to the Tom deposit) and End Zone have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims with known showings and significant upside exploration potential. The large 2022 drill program utilizing four drills is complete and assay results are being announced as they are received and interpreted.

    •  
  •   Mactung Tungsten Project: The Company has signed a definitive Asset Purchase Agreement and acquired 100% interest in the 37.6 km 2 Mactung Tungsten Project located adjacent to the Macmillan Pass Project. Mactung contains historic resources that make it one of the largest and highest-grade undeveloped resources in the world of the Critical Mineral tungsten*. Located in Canada, it is one of the rare large tungsten resources outside of China. An updated mineral resource is planned for Q2 2023, and re-sampling of historic drill core is continuing and will include assays for previously unreported by-product metals, such as gold, copper, and bismuth, in addition to tungsten.

    •  
  •   Gayna River Zinc-Lead-Gallium-Germanium Project: Fireweed has 100% of the 128.75 km 2 Gayna River project located 180 kilometres north of the Macmillan Pass project. It is host to extensive mineralization including Critical Minerals zinc, gallium and germanium as well as lead and silver, outlined by 28,000 metres of historic drilling and significant upside potential. The results from the 2022 field program of geochemical sampling, airborne LiDAR topographic surveying and ground geophysics are now being interpreted towards defining drill targets.

    •  

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

 

Additional information about Fireweed and its projects can be found on the Company's website at FireweedMetals.com and at www.sedar.com .

 

  ON BEHALF OF Fireweed Metals CORP.  

 

  "    Brandon Macdonald    "  

 

CEO & Director

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  Data verification  

 

The diamond drill core logging and sampling program was carried out under a rigorous quality assurance / quality control program using industry best practices. Drill intersections in this release are HQ3 (split tube) size core (61.1 mm / 2.406 inch diameter) or NQ2 size core (50.5 mm/ 1.99-inch diameter) with recoveries typically above 85% unless otherwise noted in the table of results. After drilling, core was cleaned, scanned with a core scanning machine, logged for geology, structure, and geotechnical characteristics, then marked for sampling and photographed on site. The cores for analyses were marked for sampling based on geological intervals with individual samples 2 m or less in length. Drill core was cut lengthwise in half with a core saw; half-core was sent for assays reported in this news release, and the other half is stored on site for reference. Bulk density was determined on site for the entire length of each sample assayed by measurement of mass in air and mass in water. Sample duplicate bulk density determinations and in-house bulk density standard determinations were each made at a rate of 5%. Since 2017, four in-house bulk density standards (mineralized drill core from the Tom deposit that span a range of densities) have been used and show an acceptable long-term precision. Certified standard masses are used to calibrate the scale balance used for bulk density determinations.

 

A total of 5% assay standards or blanks and 5% core duplicates are included in the sample stream as a quality control measure and are reviewed after analyses are received. Standards and blanks in 2022 drill results to date have been approved as acceptable. Duplicate data add to the long-term estimates of precision for assay data on the project and precision for drill results reported is deemed to be within acceptable levels. Samples were sent to the Bureau Veritas preparation laboratory in Whitehorse, Yukon, where the samples were crushed and a 500 g split was sent to the Bureau Veritas laboratory in Vancouver, B.C to be pulverized to 85% passing 200 mesh size pulps. Clean crush material was passed through the crusher and clean silica was pulverized between each sample. The pulps were analyzed by 1:1:1 Aqua Regia digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-ES/ICP-MS) multi-element analyses (BV Code AQ270). All samples were also analyzed for multiple elements by lithium borate fusion and X-ray fluorescence analysis (XRF) finish (BV Code LF725). Over-limit Pb (>25.0%) and Zn (>24.0%) were analyzed by lithium borate fusion with XRF finish (BV Code LF726). Silver is reported in this news release by method AQ270, and zinc and lead are reported by LF725 or LF726. Bureau Veritas (Vancouver) is an independent, international ISO/IEC 17025:2005 accredited laboratory.

 

Results in this news release are length and bulk-density weighted averages as would be used in a Mineral Resource estimate. Readers are cautioned that in Fireweed news releases prior to 2020, only length weighted assay averages were reported which may result in slightly lower (under-reported) average values. Length and bulk-density weighted averages have been reported as these most accurately represent the average metal-content of the intersections.

 

  Cautionary Statements  

 

  Forward Looking Statements  

 

  This news release contains "forward-looking" statements and information ("forward-looking statements"). All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to interpretation of drill results, future work plans, the use of funds, and the potential of the Company's projects, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operati   ons, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The Company assumes no obligation to update forward   ‐   looking statements or beliefs, opinions, projections or other factors, except as required by law.  

 

  Footnote  

 

  * References to relative size and grade of the Mactung historic resources and Macmillan Pass resources in comparison to other tungsten and zinc deposits elsewhere in the world, respectively, are based on review of the Standard & Poor's Global Market Intelligence Capital IQ database.  

 

Contact:
Brandon Macdonald
Phone: (604) 646-8361

 

Email: info@fireweedmetals.com

 

 

 

Map 1: Macmillan Pass Project and Mactung Project locations.

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/b2f41017-2ff1-4823-9d56-c3ee9994bf2b  

 

Map 2: Boundary Zone drilling map with holes with results in this release labeled. For green section lines, see Cross Section H-H' and Long Section I-I'.

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/812a362c-9744-400c-bf4d-28d9c124a7e3  

 

Image 1: Core 158.2 m to 171.8 m from drill hole NB22-022 within the new stratiform zone of massive sphalerite-pyrite-galena. Contains interval 159.21-168.5 m (9.25 m) that graded 16.6% zinc, 4.4% lead, and 143.1 g/t silver (Tables 1 and 2). Image is a high resolution photomosaic from core scanning with core boxes and blocks filtered out.

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/4f4e8ce8-cad6-4da9-9f9e-fd4b9ba15f49  

 

Image 2: Core 53.1 m to 68.0 m from drill hole NB22-017 within a high-grade zone of sphalerite (red-brown mineral) veins and hydrothermal breccia. Contains interval 55.0-61.2 m (6.2 m) that graded 40.1% zinc, 0.3% lead, and 84.2 g/t silver (Tables 1 and 2). Image is a high resolution photomosaic from core scanning with core boxes and blocks filtered out.

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/905a6de7-ae2d-4878-8592-091b82e768b3  

 

Cross Section H-H': Highlights of new results from NB22-012, NB22-022, and NB22-023. See Table 2 for full table of results. Intersections from the new stratiform zone were first reported in Fireweed News Release dated 27 th February 2023 from holes NB22-018 and NB22-020.

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/61e0e7c7-1481-4b7b-8e72-c640be611488  

 

Long Section I-I': A selection of significant zinc intercepts are shown on this long section to illustrate the scale of the Boundary Zone target. The vectors towards the feeder are shown towards a ~300 m gap in the drilling between Boundary West and Boundary Main, where there is a target for a potential feeder zone. The feeder vectors have been interpreted based on an increase in: zinc, lead and silver grades; copper anomalism; silicification in the surrounding mudstones; and the abundance of diamictites developed around a potential feeder fault. The potential feeder fault has significant differences in the stratigraphy on either side of the fault, demonstrating the offset on the fault to be at least in part syn-sedimentary, and therefore available for fluids as a conduit in the early history of the basin. See Map 2 for section line.

 

Table 2: Boundary Zone Main 2022 full table of drill results for all holes in this news release.

 
                                                                                                                                                                                                                                                                                                                              
  Drill hole    Interval    from (m)    to (m)    Interval* (m)    Zinc (%)    Lead (%)    Silver (g/t)    Bulk Density (t/m   3   )  
NB22-012







primary 166.15 340.87 174.72 3.04 0.03 7.9 2.972
>including 178.55 210.79 32.24 6.43 0.03 11.2 3.175
>>including 202.60 205.45 2.85 12.36 0.01 15.3 3.084
>and 292.25 299.15 6.90 5.20 0.01 5.1 2.780
>and 327.86 338.00 10.14 8.29 0.07 34.1 3.546
NB22-015







primary 17.90 31.85 13.95 6.83 0.02 10.0 2.938
>including 17.90 24.78 6.88 10.86 0.02 16.1 2.921
>>including 20.90 23.32 2.42 19.73 0.02 29.3 3.083
primary 79.81 108.10 28.29 2.18 0.55 14.2 2.991
NB22-017









primary 19.50 79.96 60.46 12.01 0.38 21.9 3.003
>including 40.30 79.96 39.66 16.60 0.55 30.1 3.077
>>including 53.57 74.00 20.43 25.79 0.95 46.4 3.285
>>>including 55.00 61.20 6.20 40.14 0.28 84.2 3.599
>>and 71.00 74.00 3.00 30.22 5.71 29.2 3.169
NB22-022

























primary 33.20 260.00 226.80 5.71 0.60 21.6 3.089
>including 38.67 238.34 199.67 6.25 0.62 23.3 3.083
>>including 38.67 54.50 15.83 14.48 0.11 27.1 3.282
>>>including 49.66 54.50 4.84 21.18 0.10 34.7 3.437
>>and 70.14 71.54 1.40 32.77 0.26 29.7 3.247
>>and 87.14 97.25 10.11 17.03 0.13 40.3 3.281
>>>including 87.14 89.13 1.99 29.21 0.41 72.4 3.488
>>>and 94.35 97.25 2.90 26.00 0.10 59.8 3.620
>>and 102.56 106.08 3.52 10.63 0.03 17.2 3.081
>>and 159.21 168.46 9.25 16.63 4.44 143.1 4.359
>>and 210.92 237.31 26.39 10.93 1.10 26.9 3.226
>>>including 228.00 237.31 9.31 17.22 2.11 41.0 3.285
>and 255.95 260.00 4.05 3.49 1.60 25.0 3.453
NB22-023





















primary 29.65 327.74 298.09 4.45 1.42 30.9 3.075
>including 37.00 65.60 28.60 6.60 0.02 8.9 3.212
>>including 37.00 40.00 3.00 10.22 0.02 13.2 3.154
>>and 57.20 64.20 7.00 10.64 0.02 9.7 3.386
>and 120.95 326.77 205.82 5.08 2.00 41.8 3.147
>>including 120.95 157.80 36.85 15.05 5.18 127.6 3.063
>>>including 126.37 130.75 4.38 38.29 0.08 103.1 3.353
>>>and 148.20 157.80 9.60 24.45 15.11 323.2 3.993
>>and 291.20 318.34 27.14 7.26 5.56 77.2 4.006
>>>including 298.11 303.15 5.04 10.45 8.42 111.9 4.168
>>>and 313.2 315.35 2.15 17.41 3.91 69.3 3.936
 

*Intersected thicknesses, not true thicknesses, are stated for all intersections in Table 1. Due to the early-stage of drilling, true thicknesses cannot be accurately stated for these holes. Numbers in the text may differ slightly from the table due to rounding.

 

Table 3: Summary of drill results from 2022 program.

 
                                                                                                                                                                     
  Drill hole    Zone    Hole length (m)    Significant intersections    Type  
NB22-001 BW 463 Reported on Nov 22 2022 Infill & Step-out
NB22-002 BW 491 Reported on Nov 22 2022 Step-out & New Discovery
NB22-003 BW 64 Hole abandoned -
NB22-004 BW 403 Reported on Feb 15 2022 Step-out
NB22-005 BM 326 Reported on Jan 31 2023 Step-out
NB22-006 BM 375 Reported on Jan 31 2023 Step-out
NB22-007 BW 365 Reported on Feb 15 2022 Step-out
NB22-008 BM 213 Reported on Jan 31 2023 Step-out & New Discovery
NB22-009 BM 147.5 Reported on Feb 27 2023 Infill
NB22-010 BM 91 Reported on Feb 27 2023 Infill
NB22-011 BM 265.3 Reported on Feb 27 2023 Infill & Step-out
NB22-012 BM 353 Reported in this release Step-out
NB22-013 BM 125.4 Reported on Feb 27 2023 Infill
NB22-014 BM 31 Hole abandoned -
NB22-015 BM 145 Reported in this release Infill
NB22-016 BM 57.4 Hole abandoned -
NB22-017 BM 80 Reported in this release Infill
NB22-018 BM 270 Reported on Feb 27 2023 Infill, Step-out & New Discovery
NB22-019 BW 340 Reported on Feb 15 2022 Infill & Step-out
NB22-020 BM 149 Reported on Feb 27 2023 Infill
NB22-021 BM 112 Reported on Feb 27 2023 Infill
NB22-022 BM 327 Reported in this release Step-out & New Discovery
NB22-023 BM 367 Reported in this release Step-out & New Discovery
TS22-001 TW 200 Wide zone Infill
TS22-002 TE 170.9 Wide zone Infill
TS22-003 TW 125 Wide zone Infill
TS22-004 TW 214.2 Wide zone Infill
TS22-005 TW 128 Wide zone Infill
TS22-006 TW 190.5 Wide zone Infill
TS22-007 TW 86 Wide zone Infill
TS22-008 TW 61 Wide zone Infill
TS22-009 TW 335 Wide zone Infill
 

All assays pending unless otherwise indicated. BM: Boundary Main; BW: Boundary West; TW: Tom West; TE: Tom East.

 

Table 4: 2022 Drill Collar Details.

 
                                                                                                                                                                                                                                                                        
  Drill hole    Target    Length (m)    Easting    Northing    Elevation (m.s.l)    Azimuth (°)    Dip  
(°)  
NB22-001 Boundary 463 421861 7010461 1178 030 -58
NB22-002 Boundary 491 421940 7010405 1164 033 -57
NB22-003 Boundary 64 422105 7010683 1238 211 -76
NB22-004 Boundary 403 422105 7010683 1238 211 -76
NB22-005 Boundary 326 422230 7010524 1193 214 -50
NB22-006 Boundary 375 422539 7010536 1195 207 -55
NB22-007 Boundary 365 421940 7010405 1164 036 -47
NB22-008 Boundary 213 422274 7010600 1217 209 -68
NB22-009 Boundary 147.5 422438 7010417 1165 208 -50
NB22-010 Boundary 91 422390 7010385 1152 205 -50
NB22-011 Boundary 265.3 422440 7010419 1164 208 -69
NB22-012 Boundary 353 422342 7010620 1219 201 -65
NB22-013 Boundary 125.4 422390 7010386 1150 205 -70
NB22-014 Boundary 31 422330 7010384 1146 212 -50
NB22-015 Boundary 145 422331 7010385 1146 212 -75
NB22-016 Boundary 57.4 422330 7010384 1146 212 -55
NB22-017 Boundary 80 422331 7010385 1147 212 -85
NB22-018 Boundary 270 422308 7010434 1166 216 -58
NB22-019 Boundary 340 421948 7010672 1232 180 -57
NB22-020 Boundary 149 422308 7010435 1166 216 -72
NB22-021 Boundary 112 422309 7010435 1167 216 -82
NB22-022 Boundary 327 422292 7010474 1182 211 -56
NB22-023 Boundary 367 422292 7010474 1182 211 -70
TS22-001 Tom West 200 441994 7003679 1545 060 -80
TS22-002 Tom East 170.9 442063 7004322 1677 060 -90
TS22-003 Tom West 125 441994 7003680 1545 065 -55
TS22-004 Tom West 214.2 441993 7003679 1545 065 -89
TS22-005 Tom West 128 442046 7003767 1533 063 -50
TS22-006 Tom West 190.5 442044 7003582 1581 049 -75
TS22-007 Tom West 86 441943 7003969 1538 066 -80
TS22-008 Tom West 61 441945 7003970 1538 066 -45
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Fireweed Metals (TSXV:FWZ)

Fireweed Metals


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Developing a world-class critical minerals district in Yukon, Canada

Fireweed Announces Management Change and Adds Strength to its Leadership

Fireweed Announces Management Change and Adds Strength to its Leadership

 

Fireweed Metals CORP. (" Fireweed " or the " Company ") (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) announces the appointment of Peter Hemstead, Director of Fireweed, as Interim President and Chief Executive Officer, replacing Brandon Macdonald, effective immediately.

 

The Company also announces the appointment of Adam Lundin as Strategic Advisor, the appointment of Paul Harbidge as independent Director, and the intention to nominate Jamie Beck for election to the Board at the Company's upcoming annual general meeting of shareholders.

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Fireweed Engages ICP Securities Inc. for Automated Market Making Services

Fireweed Engages ICP Securities Inc. for Automated Market Making Services

 

Fireweed Metals CORP. (" Fireweed " or the " Company ") (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) is pleased to announce that it has engaged the services of ICP Securities Inc. (" ICP ") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable monthly in advance. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

 

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Fireweed Upgrades to Trade Shares on the OTCQX Best Market

Fireweed Upgrades to Trade Shares on the OTCQX Best Market

 

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) is pleased to announce its upgrade from the OTCQB® Venture Market to the OTCQX® Best Market ("OTCQX"), a top-tier public market in the United States. As of today, Fireweed's common shares are actively trading on OTCQX under the trading symbol "FWEDF." This significant step underscores the Company's commitment to accessibility for U.S. investors, aligning with the high standards set by OTCQX.

 

  CEO Statement  

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OTC Markets Group Welcomes Fireweed Metals Corp. to OTCQX

OTC Markets Group Welcomes Fireweed Metals Corp. to OTCQX

 

OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Fireweed Metals Corp. (TSX-V: FWZ; OTCQX: FWEDF; FSE: M0G), a mineral exploration company, has qualified to trade on the OTCQX® Best Market. Fireweed Metals Corp. upgraded to OTCQX from the OTCQB® Venture Market.

 

 Fireweed Metals Corp. begins trading today on OTCQX under the symbol "FWEDF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .

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Fireweed Makes Complete Drill Database Available and Launches New Website

Fireweed Makes Complete Drill Database Available and Launches New Website

 

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to report that an integrated dataset containing all previously released Fireweed and historical drilling data from the Macmillan Pass ("Macpass") Project, Yukon, Canada, is now available on a newly launched website.

 

  Highlights  

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[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

 

(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 3rd, 2025 TheNewswire - Prismo Metals Inc. (the " Company ") (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce that it has signed option agreements to acquire 100% interest in two historic high-grade precious and base metal mines — the Silver King and Ripsey mines — both located in Arizona's prolific Copper Belt near its flagship Hot Breccia project.

 

Additional information on the Silver King and Ripsey mines as well as Prismo's other projects (Hot Breccia and Palos Verdes) is available on Prismo's Youtube channel at:   

  

 

  Exceptional Grades and Untapped Potential  

 

Discovered in 1875, the Silver King mine is one of Arizona's most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. Remarkably, selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains. Additionally, the presence of freibergite (AgCuSbS) suggests a potential for antimony, a critical mineral with growing strategic demand.

 

The Ripsey mine, located 20 km west of Hot Breccia, is also an historic gold-silver-copper producer with significant upside. Historic sampling has returned up to 15.85 g/t gold and 276 g/t silver, yet no modern exploration has been conducted.

 

  Strategic Location — World-Class Neighbors  

 

The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world's largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . This unique land position is fully surrounded by Resolution Copper's claim block, offering strategic upside.

 

"The Silver King and Ripsey mine projects are exciting additions to our Arizona portfolio. We see an opportunity to create near term value through immediate exploration on a historic high-grade silver producer with antimony potential that has seen limited modern exploration by drilling both laterally and at depth into a prospective source formation, said Gordon Aldcorn, President of Prismo. "We look forward to getting our exploration team back in the field, advancing our exciting projects and revitalizing investor interest in the Company."

 

The Silver King mine was discovered in 1875 and produced ore with as much as 10,000 ounces per ton silver in near surface workings (2) . Underground production through 1889 is estimated at almost 6 million ounces of silver at grades of between 61 and 21 ounces per ton. During a second period of production from 1918 to 1928, 230,000 ounces were produced at a grade of 18.7 ounces per ton.  No significant production has occurred after 1928.

 

The orebody at Silver King is a steeply west-dipping pipelike stockwork and breccia zone that was mined on eight levels to about 300 meters depth below a glory hole at the surface. The pipe is described as a dense stockwork with local breccia zones and a quartz core (3) .  Records indicate that due to variations in mineralogy, much of the upper portion of the body was evidently not mined. The current owners (the " Optionor ") rehabilitated the main shaft in the late 1990s, opened the upper levels of the mine and produced a small tonnage. Assay certificates from this period show selected samples with 400 to 600 ounces per ton silver with 0.2-0.5 oz/t gold and some base metals. Virtually no modern exploration has been carried out at the mine providing significant exploration upside and multiple drill targets.

 

The Ripsey mine is a historic gold-silver-copper producer located about 20 km west of the Hot Breccia project. Historic mine workings consisting of tunnels and shafts on several levels were developed along a vein over about 400 meters of strike length and 160 meters vertically. A small tonnage of mineral was produced by the Optionor in the late 1990's. Sampling by Dr. Craig Gibson from the mine workings has yielded 15.9 g/t gold and 275 g/t silver over 0.75 meters and 8.7 g/t gold, 181 g/t silver, 3% copper and 9% zinc over 1 meter. No modern exploration has been carried out at the project, providing significant exploration upside and multiple drill targets.

 

The Company plans to conduct a detailed mapping and sampling program at both projects at surface exposures and in accessible workings.  A drill program is planned for Silver King, with about 1,000 meters initially. The Silver King drill program is designed to test the mineralized body at four elevations as well as lateral to the pipelike body. De-watering of the Silver King shaft to gain access to the upper levels may also be undertaken as submersible pumps are in place.

 

"This is a fabulous opportunity for the Company. Both projects are high-grade and are easily accessible and may be associated with porphyry copper mineralization. We also look forward to evaluating the potential for antimony at Silver King. We're excited to begin exploration immediately to test the Silver King's pipelike mineralized body at multiple depths and laterally," said Dr. Craig Gibson , Chief Exploration Officer. "This region is world-class for porphyry systems and base and precious metals, and we believe these mines have significant untapped potential."

 

    
Click Image To View Full Size  

 

Location of the Company's projects withing the Arizona Copper Belt

 

    
Click Image To View Full Size  

 

Land map of the Silver King mine.

 

    
Click Image To View Full Size  

 

Drone view of the Silver King mine.

 

     

 

The Silver King mine in the late 1800's.

 

    
Click Image To View Full Size     
Click Image To View Full Size  

 

Small scale mining in the upper levels of the Silver King mine in the late 1990's.

 

  Deal description  

 

Prismo has the option to acquire a 100% interest in both the Silver King and Ripsey mines. Prismo can earn a 100% interest in the Ripsey mine by issuing one million shares to the Optionor, paying the Optionor US $10,000 within six months of the signing of the option agreement (the " Effective Date "), US $10,000 on each anniversary of the Effective Date and US $1 million to the Optionor within five years of the Effective Date. Prismo does not have minimum work commitments as part of the Ripsey option agreement.

 

Regarding the Silver King mine, Prismo can acquire a 100% interest in three stages. Prismo must issue one million shares to the Optionor, pay the Optionor US $10,000 within six months of the Effective Date, and US $10,000 on each anniversary of the Effective Date. To earn a first 50% interest, Prismo must incur no less than US $500,000 in expenditures on or before the first anniversary of the Effective Date, incur no less than an additional US $2.5 million expenditures on or before the third anniversary of the Effective Date and issue to the Optionor two million shares. Prismo can acquire an additional 30% interest by incurring no less than an additional US $3 million in expenditures, paying the Optionor US $1 million and issuing to the Optionor two million shares before the fifth anniversary of the Effective Date. Prismo can elect to form a joint venture at anytime after earning it initial 50% interest. The option agreement and joint venture agreement terms and conditions contain standard buyout and dilution terms regarding the final 20% interest.

 

  Private Placement  

 

Prismo is also pleased to announce a non-brokered private placement (the " Private Placement ") of five million units of the Company (" Units ") at an issue price of $0.05 per Unit for minimum gross proceeds of $250,000. Each Unit will consist of one common share in the capital of the Company (a " Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one Share for a period of twenty-four (24) months from the date of issue at an exercise price of $0.10.

 

The Private Placement will also be made available to existing shareholders of the Company who, as of the close of business on July 1st, 2025, held Shares (and who continue to hold such Shares as of the closing date of the Private Placement), pursuant to the existing securityholder exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the " Existing Securityholder Exemption "). The Existing Securityholder Exemption limits a shareholder to a maximum investment of CAD$15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the Existing Securityholder Exemption exceeding the maximum amount of the Private Placement, the Company intends to adjust the subscriptions received on a pro-rata basis.

 

The Units issued pursuant to the Private Placement and the Existing Securityholder Exemption will be subject to a four-month hold period from the closing date of the Private Placement under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.  

 

  The Company intends to use the net proceeds of the Private Placement for general corporate purposes. The Company may pay finder's fees to eligible finders in connection with the Private   Placement, subject to compliance with applicable securities laws and Canadian Securities Exchange policies.  

 

  The securities being offered have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.  

 

  Debt Settlements  

 

  Prismo also announces that it has entered into debt settlement agreements (the "   Settlement Agreements   ") with certain creditors of the Company (the "   Creditors   ") pursuant to which the Company agreed to issue to the Creditors, and the Creditors agreed to accept, an aggregate of 160,000  shares of the Company (each, a "   Share   ") in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $11,000 (the "   Debt Settlement   ").   All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.  

 

  Share and Warrants Issuance  

 

  A private company dealing at arms' length with Prismo, its officers and directors, had certain rights into the Silver King and Ripsey mines ("   PrivateCo   "). In consideration for PrivateCo relinquishing its rights in the Silver King and Ripsey mines in favor of the Company, Prismo has agreed, subject to regulatory approval, to issue PrivateCo five million units (the "   Units   "). Each Unit is comprised of one common share (a "   Share   ") and one share purchase warrant (a "   Warrant   "). The Shares will become free trading as to 25% every six months from the Effective Date. Two million of the Warrants will be exercisable at $0.10 ("   First Tranche   ") and three million Warrants will be exercisable at $0.15 ("   Second Tranche   "), all for a period of three years. The shares from the exercise of the Warrants will become free trading as to 25% every six months from the Effective Date. In addition, the exercise of the First Tranche is conditional on Prismo having raised $1.5 million from parties introduced to Prismo by the principals of PrivateCo and the exercise of the Second Tranche is conditional on Prismo having raised $3.0 million from parties introduced to Prismo by the principals of PrivateCo.  

 

  Qualified Person  

 

   Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. Other than the sampling conducted by Dr. Craig Gibson as indicated herein, the data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans.   

 

  1)     https://resolutioncopper.com/about-us/    

 

  2)   Galbraith, F, 1935, Geology of the Silver King area, Superior, Arizona, Univ. of Arizona thesis, 153p plus plates.  

 

  3)   Blake, W.P., 1883, Description of the Silver King Mine, Arizona, New Haven, 48p plus plates.  

 

  About Prismo Metals Inc.  

 

  Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.  

 

  Please follow @PrismoMetals on   ,   ,   ,    Instagram    , and  

 

  Prismo Metals Inc. ,   1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6  

 

  Contact:  

 

  Alain Lambert, Chief Executive Officer    alain.lambert@prismometals.com   

 

  Gordon Aldcorn, President    gordon.aldcorn@prismometals.com   

 

  Cautionary Note Regarding Forward-Looking Information  

 

  This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.  

 

  These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King and Ripsey. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund exploration and the timing of such exploration.  

 

  Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-   looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.  

 

  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES  

 

Copyright (c) 2025 TheNewswire - All rights reserved.

 

 

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Further prospect assessment at Parkes Project

Further prospect assessment at Parkes Project

Adavale Resources (ADD:AU) has announced Further prospect assessment at Parkes Project

Download the PDF here.

Successful $2.65M Placement to Accelerate Parkes Drilling

Successful $2.65M Placement to Accelerate Parkes Drilling

Adavale Resources (ADD:AU) has announced Successful $2.65M Placement to Accelerate Parkes Drilling

Download the PDF here.

Bold Ventures Provides Update on Field Work at Burchell Property

Bold Ventures Provides Update on Field Work at Burchell Property

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to provide an update on the progress of field work at its Burchell Gold and Copper Property, located approximately 100 km west of Thunder Bay.

 

Prospecting, outcrop mapping and soil sampling were carried out during the months of May and June on a 1 km by 800 m flagged grid centered on the recently discovered 111 Zone, where grab samples returned between 10 ppb gold and 68 g/t gold last December (see news releases dated December 12, 2024 and January 9, 2025). More than 600 rock and soil samples have been submitted for analysis from this first phase of field work, with final results pending.

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Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 3 rd 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), is pleased to announce a $1,000,000 hard dollar financing from one strategic investor, further confirming the support and excitement of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining's Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a globally ranked tier 1 jurisdiction with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

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Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

 

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce assay results from six grab samples collected at the Main Mineralized Zone ("MMZ") of its wholly-owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. These samples confirm high-grade lead-zinc-silver mineralization at surface and show associated gold and copper enrichment consistent with a polymetallic volcanogenic massive sulphide ("VMS") system.

 

The grab samples were collected during a recent field visit, focused on confirming the tenor and extent of exposed mineralization within the MMZ. All samples were collected from bedrock outcroppings of gossanous surface material. Surface grab sample highlights are given in Table 1, below.

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