TSXV:FWZ

Fireweed provides further details on new discovery at Boundary West, Macmillan Pass

 

Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ) announces that as a result of the most recent drill results discovering new mineralized zones at Boundary, the Company has expanded the search area with strong discovery potential.

 

Two distinct systems were drilled at the new discovery at Boundary West: an upper sequence and a lower sequence of stratiform zinc mineralization. These stratiform systems are overprinted by wide intervals of vein-hosted mineralization. Historic exploration focused only on the upper sequence rock units. The discovery of zinc mineralization in the lower sequence rocks, in addition to the surrounding wide intervals of vein mineralization, greatly expand the search area with strong discovery potential.

 

The upper sequence includes a stratiform, massive-sulphide cap to the system hosted by mid-late Devonian rocks; and a lower sequence of stratiform zinc mineralization hosted in Late Ordovician-Early Silurian rocks. The discovery of Boundary West was originally announced in Fireweed news release dated 24 th September 2020.

 

Highlights

 
  • 25.6 metres of massive-sulphide pyrite-sphalerite-galena mineralization were intersected by hole NB20-004 in a barite rich section that may represent a replaced barite cap to the system.
  •  
  • Laminated barite-replacement zinc-lead mineralization similar in style to Tom and Jason were intersected in holes NB20-007 and NB20-009.
  •  
  • Significant widths of stratiform zinc mineralization have been intersected in NB20-009 within the same age host rocks as those that host mineralization in the Howard's Pass district, representing the first discovery of this style of mineralization in the Macmillan Pass district.
  •  

  CEO Statement  
Brandon Macdonald, CEO, stated, "   Boundary West   is open in all directions   and   even though we are at the initial stages of discovery,   the early indications of multiple styles of mineralization   across wide intervals   point to the potential for a very large deposit at Boundary Zone   .   Adding to this   potential   is   what we are learning from the geology at the new discovery   .   Historically   ,   exploration in the district focused on the upper   sequence   Devonian age rocks where the Tom and Jason stratiform deposits are situated. This new discovery clearly demonstrates   that the   lower   sequence   Ordovician   -Silurian   age rocks are also host to significant stratiform   zinc   mineralization   . This along with the wide zones of vein mineralization at Boundary   West   indicate great potential throughout the   property   for   additional discoveries in lower   sequence   rocks that have seen little exploration effort in the past.   "  

 

  Boundary West  
The new discovery at Boundary West was made by drill testing a large gravity anomaly detected in August 2020 (see Map 1). Zinc mineralization at Boundary West is present in two sequences: the upper sequence; and the lower sequence. Each sequence broadly comprises an interval of stratiform zinc mineralization overprinted and underlain by an interval of vein-hosted zinc mineralization (see Table 1 and Cross section 1).

 

  Upper sequence  
The first drillhole into the gravity anomaly, NB20-004, intersected 25.6 metres of massive-sulphide mineralization from 130.6 m to 156.2 m, comprising mostly massive pyrite (>80% vol.) with some sphalerite and minor galena. Relict patches of black mudstone and mudstone fragments containing barite pseudomorphed by silica or pyrite are found within the massive-sulphide. This intersection is in the stratigraphy above Boundary Zone in rocks that are correlative with the host rocks to the Tom and Jason deposits. In subsequent drillholes NB20-007 and NB20-009, laminated sphalerite-galena-pyrite mineralization (similar in style to Tom and Jason) and semi-massive sulphides were intersected at the same stratigraphic interval as the massive-sulphide in NB20-004. Overprinting and underlying the stratiform interval, wide intervals of vein hosted pyrite-sphalerite mineralization were intersected: e.g. NB20-004 intersected 76.8 m of vein hosted and semi-massive pyrite-sphalerite mineralization below the massive-sulphide from 156.2 to 233.0 m (see Cross Section 1).

 

Dr. Jack Milton, Fireweed Chief Geologist, commented, "   Th   e upper   interval   in NB20-00   4   appears to   represent a massive   -   sulphide cap to the system   and the textures   suggest that this layer may have originally been barite-rich and has been   subsequently   replaced by sulphide   .   There are strong textural parallels with other sediment-hosted massive   -   sulphide systems   such as Red Dog, Alaska,   and further parallels with   the spatial relationship between the massive   -   sulphide and   the underlying   vein-hosted mineralization.   This gives a compelling reason to   step out the drilling   next season   and attempt to vector towards more   feeder-   proximal parts of the system where there is the potential for   higher grade   sections of massive   -   sulphide.   "  

 

  Lower sequence  
Stratiform zinc mineralization was intersected in hole NB20-009 from 160.0 m to 227.8 m (67.8 m intersected), occurring as fine to medium grains of disseminated grey sphalerite concentrated along sedimentary laminae in radiolarian cherty mudstones. Identification of graptolite fossils that precisely date the rocks from the new discovery west of Boundary Zone show that stratiform sphalerite mineralization occurs in the late Ordovician-Early Silurian part of the Road River Group (Cross Section 1). This demonstrates that stratiform mineralization in NB20-009 occurs not only in the upper sequence mid to late Devonian Earn Group rocks that host mineralization at Tom and Jason but that a second wide mineralized interval occurs in the older, lower sequence Late Ordovician-Early Silurian rocks.

 

Dr. Jack Milton commented, "   The discovery of stratiform sphalerite mineralization in   these lower sequence   Late Ordovician to Early Silurian rocks   at   Boundary   West   is highly significant as   Early Silurian rocks host the large   zinc-lead   deposits at Howard's Pass   , 90 km southeast of   our property   ,   and t   his is the first discovery of   stratiform mineralization hosted in Early Silurian rocks in the Macmillan Pass district   .   Th   is   discovery   shows   the existence of multiple   pulses of mineralization   and   a long-lived   hydrothermal   system that is hosted by rocks of at least Upper Ordovician to late Devonian age. The new discovery at Boundary   West   demonstrates that   not only does the   Macmillan Pass   district have potential to contain   upper sequence   mid-late Devonian hosted deposits; but also   ,   lower sequence   Howard's Pass style Early Silurian hosted   zinc-lead   deposits.   "  

 

The lower sequence stratiform interval of zinc mineralization is overprinted by multiple generations of sphalerite-pyrite-quartz-galena-siderite veins. The vein mineralization forms a wide interval, overlapping the stratiform mineralization and extending 178.2 m below the stratiform styles of mineralization in NB20-009 from 227.8 m to 406.0 m (see Cross Section 1 and Fireweed news releases dated September 24 th , 2020 and October 15 th , 2020 for details). Hole NB20-004 was terminated before reaching lower sequence rocks.

 

The gravity anomaly at Boundary West remains untested along strike for hundreds of metres in both directions away from the fence of discovery drill holes.

 

Assays remain pending for all 2020 drilling at Boundary Zone and no visual estimates for grade are reported. All drilled intervals are stated as intersected widths, and true widths have not been estimated as NB20-004, NB20-007, and NB20-009 are the first three holes drilled into the exploration target at Boundary West and the three dimensional geometry of the mineralized zone has not been defined. Investors are cautioned that textural comparisons of the mineralization in the Fireweed exploration targets discussed in this news release to other mineralized systems does not imply an expectation for similar grades, volumes or potential for eventual economic extraction.

 

  Qualified Person Statement  
Technical information in this news release has been approved by Gilles Dessureau, P.Geo, Vice President Exploration 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 936 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, 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    "  

 

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.  

 

  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, the effects of the pandemic, 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.

 

Photos accompanying this announcement are available at:

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/3ee98aec-7674-4c32-8c72-95065ee82dd8  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/fe272dba-639e-487b-9ca0-e69b9bf28dae  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/f4ae34ce-ebf4-40e6-97d0-0818e1fcdb0e  

 

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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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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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