Base Metals

Fireweed Drills High-Grade at Tom: 40.6 m True Width of 15.2% Zinc, 14.6% Lead, and 181.6 g/t Silver, Including 20.9 m of 20.7% Zinc, 22.4% Lead, and 280.0 g/t Silver

Fireweed Drills High-Grade at Tom: 40.6 m True Width of 15.2% Zinc, 14.6% Lead, and 181.6 g/t Silver, Including 20.9 m of 20.7% Zinc, 22.4% Lead, and 280.0 g/t Silver

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 Tom, Macmillan Pass, Yukon, Canada (Map 1), stated as estimated true widths. All assay results from the 2022 program have now been released.

Highlights

  • Multiple wide and high-grade intersections at the Tom deposit.
  • Hole TS22-009 intersected a true width of 40.6 m at 15.2% zinc, 14.6% lead, and 181.6 g/t silver, including 20.9 m of 20.7% zinc, 22.4% lead, and 280.0 g/t silver.
  • Hole TS22-001 intersected a true width of 26.9 m of 9.3% zinc, 5.4% lead, and 61.5 g/t silver, including 12.8 m of 11.4% zinc, 8.9% lead, and 114.9 g/t silver.
  • Hole TS22-002 intersected a true width of 16.9 m of 10.7% zinc, 5.0% lead, and 98.8 g/t silver , including 3.3 m of 18.9% zinc, 14.2% lead, and 324.0 g/t silver.
  • Many of the 2022 drill holes have demonstrated significantly better grades and/or wider intersections than the current Mineral Resource block model at the same location.

CEO Statement

Brandon Macdonald, CEO, stated "We are very pleased to close out the reporting of the 2022 results with some phenomenal grades from our Tom deposit. The holes are infill, yet the grades in most of these holes are significantly higher than what has been estimated in our current Mineral Resource for those intersections. We have hit extremely high zinc, lead, and silver grades in intersections of massive sulphides in the feeder zone that are better than anything that we have seen before at Tom West. We see great potential for growth of the Tom resource."

Tom Drilling Results

The drill results shown in Table 1 are the highlights from the Tom zinc-lead-silver deposit (Maps 1 and 2) drill holes described in this news release. Table 2 shows the full Tom deposit 2022 drill results.

Table 1: Tom deposit 2022 Drill Results Highlights

Drill hole From (m) To (m) Type Intersected Width (m) True Width (m) Zinc (%) Lead (%) Silver (g/t) Zinc Equivalent (%)
TS22-001

129.28 178.25 primary 48.97 26.93 9.28 5.40 61.5 16.28
148.66 171.85 >incl. 23.19 12.75 11.38 8.93 114.9 23.33
TS22-002

82.62 121.92 primary 39.30 16.90 10.69 5.03 98.8 18.42
82.62 90.25 >incl. 7.63 3.28 18.86 14.16 324.0 42.09
TS22-003



87.58 112.30 primary 24.72 22.99 7.34 9.77 139.2 21.03
98.23 110.24 >incl. 12.01 11.17 8.41 15.49 244.4 30.83
104.75 108.30 >>incl. 3.55 3.30 8.27 23.83 396.0 43.52
TS22-005

6.91 37.18 primary 30.27 24.79 6.78 5.06 70.1 13.76
21.50 30.36 >incl. 8.86 7.26 10.84 8.55 157.0 23.73
TS22-006





152.53 185.55 primary 33.02 23.35 5.94 6.01 80.3 14.12
152.53 171.85 >incl. 19.32 13.66 7.51 9.44 121.4 20.23
154.86 162.90 >>incl. 8.04 5.68 16.17 15.94 235.1 38.47
158.32 162.90 >>>incl 4.58 3.24 19.60 19.85 310.2 47.89
TS22-009



266.06 328.45 primary 62.39* 40.55 15.24 14.62 181.6 34.67
278.00 320.20 >incl. 42.20** 27.43 18.89 18.86 241.0 44.15
282.10 314.20 >>incl. 32.10*** 20.87 20.69 22.40 280.0 50.53

: lead is the single largest value contributor to the zinc equivalent calculation in this intersection; *67% recovery; **59% recovery; ***58% recovery. Numbers in the text may differ slightly from numbers in the table due to rounding. True widths in this news release are estimates based on currently available information. See note below for zinc equivalent grade calculation. Unless otherwise noted, zinc is the single largest value contributor to metal value in the zinc equivalent grade calculation for each intersection in this table.

The Tom zinc-lead-silver deposit

Fireweed's 100% owned, road-accessible Tom and Jason deposits are some of the world's largest undeveloped zinc deposits* and host combined current Mineral Resources 1 of: 11.21 Mt Indicated Resource at 6.59% zinc, 2.48% lead, and 21.33 g/t silver; and 39.47 Mt Inferred Resource at 5.84% zinc, 3.14% lead, and 38.15 g/t silver. The Tom deposit is subdivided into three distinct zones that have current Mineral Resources: Tom West (Main), Tom East, and Tom Southeast (Map 2). Tom North was drilled by Fireweed in 2019, forms a mineralized zone with no currently defined Mineral Resources, and is located at surface adjacent to Tom West (Map 2, Long Section TA-TA'). Fireweed's current Mineral Resource was published in early 2018, based on 2017 and earlier drilling only. Boundary Zone, Fireweed's new discovery and the focus of 2022 drill results reported to date, is located 21 kilometres WNW from the Tom deposit.

Tom West

Eight infill holes were drilled at Tom West, focusing mostly on the mineralization around the feeder zone within part of Fireweed's current Mineral Resource. This area is the highest-grade part of the Tom West Mineral Resource and is supported largely by historic drill holes with small diameter core and poor core recovery. Six out of the eight holes drilled at Tom West in 2022 returned grades that are significantly higher than what had been estimated in the current Mineral Resource model for those parts of the deposit. These differences in grade are likely due to better recovery of the higher-grade sections within each intersection in the new, larger diameter drilling compared to the small diameter core drilled in early years which often had poor recoveries. All infill holes demonstrated excellent continuity of mineralization and good grades (see Tables 1 and 2, Long Section TA-TA').

Hole TS22-009 returned spectacularly high grades within an interval of massive sulphide over 40.6 m true width of 15.2% zinc, 14.6% lead, and 181.6 g/t silver, including 20.9 m of 20.7% zinc, 22.4% lead, and 280.0 g/t silver (Table 1).

Hole TS22-001 intersected a true width of 26.9 m of 9.3% zinc, 5.4% lead, and 61.5 g/t silver including 12.8 m of 11.4% zinc, 8.9% lead, and 114.9 g/t silver. The intersection comprised laminated sphalerite-galena-barite-pyrite with minor interbedded cherty black mudstones typical of the stratiform mineralization at Tom West.

Tom West remains open to expansion in multiple directions and there is additional potential to improve upon historic poor-recovery drilling by completing additional infill drill holes that may yield higher grades of zinc, lead, and silver with improved recovery (Long Section TA-TA').

Tom East

Hole TS22-002 was drilled as an infill hole at Tom East, not only confirming the high grades previously known at Tom East, but providing an intersection with grades higher than currently modeled in an equivalent intersection within that part of the current Tom East Mineral Resource model. The estimated true width at the intersection is 16.9 m that returned 10.7% zinc, 5.0% lead, and 98.8 g/t silver including 3.3 m of 18.9% zinc, 14.2% lead, and 324.0 g/t silver, highlighting some of the very high grades present at Tom East.

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 1 (11.21 Mt Indicated Resource at 6.59% zinc, 2.48% lead, and 21.33 g/t silver; and 39.47 Mt Inferred Resource at 5.84% zinc, 3.14% lead, and 38.15 g/t silver) and a Preliminary Economic Assessment 2 (PEA). In addition, Boundary Main, Boundary West, Tom North 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.
  • Mactung Tungsten Project: The Company recently 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 results tables. 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, British Columbia 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's 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.

True widths are estimated by measuring perpendicular to strike within the short axis of an approximately tabular shaped wireframe that has been constructed in 3D around the mineralized zone at Tom West based on assay results, geological logging, and bedding measurements from oriented core. The mineralization at the Tom deposit is mostly stratiform (oriented parallel to bedding), therefore the true width, or thickness, of the zone is estimated perpendicular to both the strike and dip direction of bedding.

Zinc Equivalent Calculation

The use of zinc equivalent (ZnEq.) grades in this news release follows the calculation described in Fireweed 2018 Technical Reports 1 ,2 , and detailed below:

ZnEq. = (x + y + z + a)/16.16

where x = 16.16*zinc(%); y = 16.08*lead(%); z = (0.05853*silver(g/t))-(0.6146*zinc(%)); and a = (0.447*silver(g/t))-(0.3607*lead(%)). Terms z and a are only included in the calculation of ZnEq. when positive. This ZnEq. calculation assumes metal prices of US$1.17/lb zinc, US$0.99/lb lead, and US$16.95/oz silver. Metal recovery assumptions were: 79% for zinc, 82% for lead, and 85% for silver (whereby 12% would be recovered from a zinc concentrate and 73% would be recovered from a lead concentrate). The ZnEq. calculation includes estimated factors for: metallurgical recoveries, assumed metal prices, and smelter terms including payable factors, treatment charges, and refining charges. The calculation assumes an exchange rate of US$1 = C$1.24.

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.

Investors are cautioned that the drill intersections that are compared to the current Mineral Resources are not subject to any grade capping, and that grades in mineral resource blocks were calculated based on interpolation between assay composites that have capped grades. In the current Mineral Resource at Tom West zinc was capped at 25%, lead was capped at 25%, and silver was capped at 600 g/t; and at Tom East zinc was capped at 30%, lead capped at 50%, and silver at 600 g/t, as described in Fireweed Technical Reports 1 ,2 . Grades in new holes were compared to a length and bulk density weighted calculated grade derived from a stack of blocks from the Current Mineral Resource block model perpendicular to the XY plane of the block model spanning the full thickness of the mineralized zone, located through the mid-point of the reported new intersection.

Footnotes and References

* 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.

1 : Fireweed Technical Report titled "NI 43-101 Technical Report on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining Districts Yukon Territory, Canada" filed on www.SEDAR.com on Feb 23, 2018, and Fireweed News Release dated January 10 th 2018.

2 : Fireweed Technical Report titled "NI 43-101 Technical Report Macmillan Pass Project Yukon Territory Canada" filed on www.SEDAR.com on July 9 th 2018, and Fireweed News Release dated May 23 rd , 2018. This Preliminary Economic Analysis includes an economic analysis of mineral resources that is preliminary in nature and does not include any mineral reserves. It is equally emphasized that the mineral resources disclosed within this Technical Report are not mineral reserves and do not have demonstrated economic viability.

Contact:
Brandon Macdonald
Phone: (604) 646-8361
Email: info@fireweedmetals.com

230306 FWZ NR image 1

230306 FWZ image 2

230306 FWZ image 3


230306 FWZ image 4

Table 2: Tom 2022 Full Table of Drill Results for All Holes in this News Release.

Drill hole From (m) To (m) Type Intersected
Width (m)
True Width (m) Zinc (%) Lead (%) Silver (g/t) Zinc
Equivalent (%)
Bulk
Density (t/m
3 )
TS22-001

129.28 178.25 primary 48.97 26.93 9.28 5.40 61.5 16.28 3.424
148.66 171.85 >incl. 23.19 12.75 11.38 8.93 114.9 23.33 3.528
TS22-002

82.62 121.92 primary 39.30 16.90 10.69 5.03 98.8 18.42 2.897
82.62 90.25 >incl. 7.63 3.28 18.86 14.16 324.0 42.09 3.325
TS22-003



87.58 112.30 primary 24.72 22.99 7.34 9.77 139.2 21.03 3.579
98.23 110.24 >incl. 12.01 11.17 8.41 15.49 244.4 30.83 3.935
104.75 108.30 >>incl. 3.55 3.30 8.27 23.83 396.0 43.52 4.308
TS22-004 157.11 202.00 primary 44.89 22.45 5.95 2.61 15.4 8.93 3.321
TS22-005

6.91 37.18 primary 30.27 24.79 6.78 5.06 70.1 13.76 3.496
21.50 30.36 >incl. 8.86 7.26 10.84 8.55 157.0 23.73 3.923
TS22-006







152.53 185.55 primary 33.02 23.35 5.94 6.01 80.3 14.12 2.985
152.53 171.85 >incl. 19.32 13.66 7.51 9.44 121.4 20.23 3.146
154.86 162.90 >>incl. 8.04 5.68 16.17 15.94 235.1 38.47 3.289
158.32 162.90 >>>incl 4.58 3.24 19.60 19.85 310.2 47.89 3.492
182.70 184.64 >and 1.94 1.37 14.26 1.53 42.0 16.92 3.186
TS22-007

48.56 86.00 primary 37.44 26.47 5.51 1.97 0.9 7.48 3.659
48.56 55.00 >incl. 6.44 4.55 7.84 2.57 2.6 10.43 3.421
TS22-008

24.68 49.00 primary 24.32 18.63 6.95 6.04 12.5 13.18 3.599
39.80 42.80 >incl. 3.00 2.30 6.69 10.82 21.6 17.81 4.086
TS22-009



266.06 328.45 primary 62.39* 40.55 15.24 14.62 181.6 34.67 3.445
278.00 320.20 >incl. 42.20** 27.43 18.89 18.86 241.0 44.15 3.610
282.10 314.20 >>incl. 32.10*** 20.87 20.69 22.40 280.0 50.53 3.618

: lead is the single largest value contributor to the zinc equivalent calculation in this intersection. *67% recovery; **59% recovery; ***58% recovery. Numbers in the text may differ slightly from numbers in the table due to rounding. True widths are estimates. Unless otherwise noted, zinc is the single largest value contributor to metal value in the zinc equivalent calculation for each intersection in this table.

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 on Mar 2 2023 Step-out
NB22-013 BM 125.4 Reported on Feb 27 2023 Infill
NB22-014 BM 31 Hole abandoned -
NB22-015 BM 145 Reported on Mar 2 2023 Infill
NB22-016 BM 57.4 Hole abandoned -
NB22-017 BM 80 Reported on Mar 2 2023 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 on Mar 2 2023 Step-out & New Discovery
NB22-023 BM 367 Reported on Mar 2 2023 Step-out & New Discovery
TS22-001 TW 200 Reported in this release Infill
TS22-002 TE 170.9 Reported in this release Infill
TS22-003 TW 125 Reported in this release Infill
TS22-004 TW 214.2 Reported in this release Infill
TS22-005 TW 128 Reported in this release Infill
TS22-006 TW 190.5 Reported in this release Infill
TS22-007 TW 86 Reported in this release Infill
TS22-008 TW 61 Reported in this release Infill
TS22-009 TW 335 Reported in this release Infill

All 2022 assays have now been reported for the Macmillan Pass Project. 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
TS22-009 Tom West 335 442043 7003581 1581 049 -89

Coordinate reference system: UTM Zone 9 NAD83. North reference: UTM grid north.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e6107f8-b9d7-46be-bd6b-1469588a53e0

https://www.globenewswire.com/NewsRoom/AttachmentNg/092af417-ac06-4b05-aed0-1bc825d179df

https://www.globenewswire.com/NewsRoom/AttachmentNg/d46a0572-edb7-4576-a8b0-7cd69ed914cf

https://www.globenewswire.com/NewsRoom/AttachmentNg/bf10e159-a5dd-4a7c-9f0e-5346cecfedde


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Fireweed Drills 56.5 m of 6.34% Zinc and 36.4 g/t Silver Including 11.6 m of 10.9% Zinc and 43.5 g/t Silver

Fireweed Drills 56.5 m of 6.34% Zinc and 36.4 g/t Silver Including 11.6 m of 10.9% Zinc and 43.5 g/t Silver

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce additional results from the 2022 drill program at Boundary West, Macmillan Pass, Yukon, Canada (Map 1).

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Fireweed Drills 12.5 m of 11.17% Zinc including 6.2 m of 15.84% Zinc at Boundary Main

Fireweed Drills 12.5 m of 11.17% Zinc including 6.2 m of 15.84% Zinc at Boundary Main

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce further results from the 2022 drill program at Macmillan Pass, Yukon, Canada (Map 1).

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Voltage Metals Corp. Closes Oversubscribed Private Placement

Voltage Metals Corp. Closes Oversubscribed Private Placement

Voltage Metals Corp. ("Voltage" or the "Company") (CSE: VOLT) (OTC: VLTMF) is pleased to announce that it has closed its oversubscribed non-brokered private placement for gross proceeds of C$605,242.86 through the issuance of 20,174,762 common shares at a price of C$0.03 per share.

Voltage Metals logo (CNW Group/Voltage Metals Corp.)

Eligible finders were paid a cash commission equal to 3% of the gross proceeds of subscriptions facilitated by such finders.

The Company intends to use the proceeds for technical reporting, exploration of the Company's mining properties, potential strategic acquisitions, and general working capital.

All securities issued pursuant to the private placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.

Voltage is a mineral exploration company with an experienced team focused on battery metals exploration in the Canadian provinces of Ontario and Newfoundland . The Company's mission is to create shareholder value by exploring and developing projects that display sound geology and discovery potential.

Forward Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Voltage Metals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2023/30/c5087.html

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World Copper Upsizes Financing to $1.6 Million

World Copper Upsizes Financing to $1.6 Million

World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that pursuant to their news release dated March 8, 2023, they have increased the size of the non-brokered private placement (the "Placement") to up to 8,888,889 units (the "Units") at a price of $0.18 per Unit (the "Offering") for gross proceeds of up to $1,600,000. All terms remain the same with each consisting of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.30 per share.

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Falcon Acquires Area 51, Copper-Gold Project, Adjacent to Newmont, Inca Del Oro District - Atacama Region, Chile

Falcon Acquires Area 51, Copper-Gold Project, Adjacent to Newmont, Inca Del Oro District - Atacama Region, Chile

Falcon Gold Corp. (TSX-V:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report the acquisition of 4,000 hectares of exploration claims pertinent to the Area 51 Project located in the Inca Del Oro mining district, Atacama Region, northern Chile. The Inca Del Oro mining district is situated along Chile's Paleocene age mineral belt, known to host multiple porphyry, skarn, and epithermal mineral deposits. Some of the highlights of the Area 51 Project include

  • 100% owned exploration claims totaling 4,000 hectares, located approximately 80 km northeast of Copiapó mining city and airport. The project benefits from road access, proximity to infrastructure, and existing mine operations as well as year-round working conditions.
  • Multiple mining and exploration projects in the vicinity, including the Inca de Oro porphyry Cu-Mo-Au-Ag deposit (460 million tonnes grading 0.40% Cu, PanAust, 2012, S&P Global ) and the Delirio deposit (17.4 million tonnes grading 0.47% Cu, 2021 Santiago Metals, S&P Global). The Area 51 exploration claim group is surrounded by other exploration and mining companies including Freeport McMoran, Newmont, Solaris Resources, and Mirasol Resources (Figure 1).
  • Potential for copper and gold mineralization evidenced by the occurrence of multiple historical mine workings exhibiting mineralization, hydrothermal alteration footprints over volcanic calderas and existence of active mining and exploration projects in the proximity of Area 51 Project.
Falcon Gold Corp, Thursday, March 30, 2023, Press release picture
Figure 1: Location of Falcon's Area 51 property.

"We are very pleased to have acquired such an impressive land package in Chile, the country with the largest copper reserves in the world and one of Latin America's most stable jurisdictions. The Area 51 project is strategically situated in the same camp as Newmont and Freeport McMoran. This further adds to our new focus of expanding to jurisdictions outside of North America." Stated Karim Rayani Chief Executive Officer.

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Fabled Copper Announces Consolidation

Fabled Copper Announces Consolidation

Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) announces that further to its press release dated December 19, 2022, that the Company will consolidate all of its issued and outstanding common shares on the basis of one (1) post-consolidated Share (each a "Post Consolidated Common Share") for every ten (10) pre-consolidated shares (each a "Pre Consolidated Common Share") held (the "Consolidation"). The Consolidation is intended to make the Company more attractive to potential new investors

At a special meeting of shareholders of the Company held on January 10, 2023, the shareholders of the Company authorized the board of directors of the Company (the "Board"), at their discretion, to conduct a consolidation of the outstanding securities of the Company on an up to ten (10) for one (1) basis.

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Falcon Mourns the Passing of R. Stuart "Tookie" Angus an Advisor to the Company

Falcon Mourns the Passing of R. Stuart "Tookie" Angus an Advisor to the Company

Falcon Gold Corp. (TSX-V:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") announces the passing of R. Stuart "Tookie" Angus. A highly respected business advisor to the mining industry, Tookie was a significant shareholder and served as a strategic advisor to the Company since early 2019

Mr. Angus's extensive legal and mining career included leading Fasken's global mining group and serving as managing director of mergers and acquisitions for Endeavour Financial. He was also previously chairman of the board of B.C. Sugar Refinery Ltd., a director of First Quantum Minerals Ltd., a director of Canico Resource Corp. until its takeover by Brazil's CVRD in 2005, a director of Bema Gold Corp. until its takeover by Kinross Gold Corp. in 2007, a director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011 and a director of Plutonic Power Corp. until its merger with Magma Energy Corp. in 2011. He resigned as chair of Nevsun Resources Ltd. following its acquisition of Reservoir Minerals in 2017.

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CMX Announces Ore-Sorting Test Completed with Assays Pending

CMX Announces Ore-Sorting Test Completed with Assays Pending

(TheNewswire)

CMX Gold & Silver Corp.

CMX Gold & Silver Corp. ( CSE:CXC ) ( OTC:CXXMF ) (" CMX " or the " Company ") announces the successful completion of the ore-sorting test at the TOMRA facility in Sydney, Australia.  The sorted product has been sent to Bureau Veritas for assaying. Results are expected in late April 2023

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