vertical drill guide

Fireweed Commences 2021 Drill Program at Macmillan Pass

 

Fireweed Zinc LTD. ("Fireweed") (TSXV: FWZ) is pleased to announce that the 2021 diamond drill program has started at the Macmillan Pass zinc-lead-silver project, Yukon, Canada.

 

  Highlights  

 
  • Two diamond drill rigs have commenced drilling at Macmillan Pass.
  •  
  • Drilling will focus on Boundary Zone and follow-up drill testing of last season's Boundary West discovery.
  •  
  • Holes at Tom East and Jason South will include step-outs from current Mineral Resources and will allow deployment of detectors for borehole muon tomography surveys in locations with favourable ground conditions.
  •  

  CEO Statement  

 

Brandon Macdonald, CEO, stated "We are excited to get drills turning again at Boundary Zone and especially at the new Boundary West discovery from late last season. This drill program will allow us to both further test the extent of the main zones of mineralization as well as explore the potential of new targets. The planned drilling will allow us to prove up our new discovery and step-out on known zones which still remain open for expansion."

 

  Boundary Zone Drilling  

 

The diamond drill program has begun with the first holes targeting step-outs around the 2020 discovery, Boundary Zone West, 300 m to the west of Boundary Zone. Drilling highlights from 2020 include Boundary Zone West hole NB20-004, which intersected 76.5 m of 4.22 % zinc (Zn), 0.34% lead (Pb), and 25.6 g/t silver (Ag) including 24.1 m of 6.46% Zn, 0.77% Pb and 47.5 g/t Ag within 90 m vertical depth from surface (see Fireweed news releases dated February 3, 2021 and February 25, 2021).

 

Zinc-lead-silver mineralization in the Boundary Zone area occurs in several styles, including: high-grade stratiform barite-replacement similar in style to mineralization seen at Tom and Jason; sphalerite-pyrite-galena veins and high grade breccias; and stratiform zinc mineralization in the same age host rocks as the giant Howard's Pass deposits. Zinc mineralization has been demonstrated over approximately 2 km in strike from previous historic and Fireweed drilling. The diversity in mineralization styles and the large area endowed with zinc mineralization suggest that Boundary Zone formed as part of a long-lived hydrothermal system that experienced multiple pulses of mineralization. Drilling at Boundary Zone and Boundary West will comprise step-out holes to better understand the grade, geometry and continuity of mineralization within what already appears to be an extensive hydrothermal system.

 

  Tom East Drilling  

 

Two drill holes are planned at Tom East, a high-grade zone with a current Mineral Resource of 0.81 Mt at 8.74% Zn, 8.62% Pb, and 110.0 g/t Ag Indicated Resource in addition to 1.68 Mt at 9.86% Zn, 12.86% Pb and 170.0 g/t Ag Inferred Resource (see Fireweed news releases dated January 10 th , 2018, and reports filed on www.sedar.com for details). In 2018, Fireweed drilled a very-high grade step-out hole at Tom East in an area outside of the current Mineral Resource, intersecting 16.41 m of 21.1% Zn, 13.5% Pb and 243.0 g/t Ag (see Fireweed news release dated September 20 th , 2018) in an interval containing the dense minerals galena-sphalerite-barite-pyrite-pyrrhotite. The two holes planned at Tom East will add definition to this high-grade zone and aim to facilitate a borehole muon survey to determine if a dense 3D body can be imaged around this step-out intersection to better target follow-up drilling (see Fireweed news release dated May 27 th , 2021 for details of the borehole muon tomography survey).

 

  Jason South Drilling  

 

One step-out hole is planned at Jason South to test the fault offset exploration target, outside of the current Jason South Inferred Mineral Resource of 8.93 Mt at 4.41% Zn, 5.28% Pb, and 68.0 g/t Ag (see Fireweed news releases dated January 10 th , 2018, and reports filed on www.sedar.com for details). Within this Lower Jason South exploration target, historic drill hole JS82-086 intersected 13.8 m of 7.2% Zn, 5.3% Pb, 118 g/t Ag in addition to 9.2 m 1.6% Zn, 16.5% Pb, 92 g/t Ag and its wedge hole JS82-086W1 intersected 27.3 m of 8.0% Pb, 58 g/t Ag, 0.07% Zn. This planned hole is optimally placed to allow potential deployment of muon detectors to image the density of the exploration target to better guide follow-up drill holes.

 

  Additional Exploration Work  

 

A geological mapping program along with geophysical surveys will support the evaluation of regional targets within the context of the 2020 discovery of mineralization hosted in the same age rocks as those of the large Howard's Pass deposit to the southeast. This new wave of zinc-lead-silver exploration in the district will examine a search space that has been previously overlooked and represents significant opportunities for additional discoveries.

 

  Qualified Person Statement  

 

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

 

  About Fireweed Zinc Ltd. (TSXV: FWZ):  Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals. The Company is advancing its district-scale 940 km 2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated January 10, 2018, and May 23, 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro, Sol, Ben, and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology.

 

Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

 

  ON BEHALF OF Fireweed Zinc LTD.  

 

  "    Brandon Macdonald    "  

 

Brandon MacDonald
CEO & Director
Phone: (604) 646-8361

 

  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.  

 

  Cautionary Statements  

 

This news release may contain "forward-looking" statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, pandemics, the ability to properly and efficiently staff the Company's operations, 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, and one-time events. Additional risks are set out in the Company's prospectus dated May 9, 2017, and filed under the Company's profile on SEDAR at www.sedar.com . Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Map 1: Location of Macmillan Pass deposits and exploration targets is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/974cd0ca-fecb-42c4-8cbb-e4cfd082c6d7 .

 

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

FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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Vertex Minerals Limited  Reward Gold Mine Project Update

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Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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