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Fireweed Zinc Mobilizes Field Crews to Begin 2021 Exploration Program

Fireweed Zinc LTD. ("Fireweed") (TSXV: FWZ) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada.

The first crews on site will open camp facilities and prepare for the upcoming exploration program. Drilling and other field work are expected to begin in the coming weeks.

Highlights for the 2021 Exploration Program

  • Drilling will be focused around the Boundary Zone and the newly discovered Boundary West Zone,
  • Evaluation of regional targets including Bog Zone, Volcanic Zone, and Eleven, potentially including drill testing,
  • Field exploration programs including geophysical and geochemical surveys, and geological mapping and prospecting will be carried out on newly defined targets.

CEO Statement
Brandon Macdonald, CEO, stated, "It is exciting to get boots on the ground to begin our 2021 exploration program. We have an ambitious program planned to drill the Boundary zones and to carry out a wide-ranging exploration program seeking new discoveries on large geochemical anomalies, and geological and geophysical targets, including targets on our new claims which cover the western extension of the Fertile Corridor. In the few short years we have worked the property, we have had great success and have advanced the project to become one of the largest undeveloped zinc resources in the world. We expect 2021 will be another huge step toward growing a truly world-class zinc district."

2021 Diamond Drilling Program

The 2021 drilling program will seek to expand and better define both the Boundary and Boundary West zones. Holes will include step-outs to grow the potential resources, infill where current drill spacing is insufficient to support a resource, and limited holes close to past drilling to help define variography in support of an eventual resource.

Boundary Zone
The Boundary Zone consists of a large zone of vein, stockwork, and breccia-hosted, zinc (-lead-silver) mineralization cutting across volcanics, mudstones, and conglomerates, and has large zones of matrix and clast replacement style mineralization within the course clastic rocks. Higher grade, near surface mineralization could be suitable for bulk tonnage, open pit mining.

Drilling highlights from the 2020 program at Boundary Zone include drillhole NB20-002, which intersected 4.42% Zinc, 0.08% Lead and 10.7 g/t Silver over 212.70 m, including 25.58% Zinc, 0.14% Lead and 44.0 g/t Silver over 5.81 m.

Boundary West Zone
The Boundary West Zone consists of an upper sequence of stratiform massive sulphides, Boundary Zone style-vein hosted and replacement style mineralization, and stratiform, laminar zinc mineralization similar to the Tom and Jason deposits as well as a lower (older) sequence of stratiform zinc-lead mineralization and vein hosted zinc mineralization.

Drilling highlights from the 2020 program at Boundary West Zone include drillhole NB20-004, which intersected 4.22% Zinc, 0.34% Lead and 25.6 g/t Silver over 76.5 m including 6.46% Zinc, 0.77% Lead and 47.5 g/t Silver over 24.1 m from a vertical depth of 90 m from surface.

2021 Field Programs

Regional Exploration Targets
The Fireweed team have identified many regional exploration targets with mineralization similar to the Boundary Zone such as the Bog Zone, Volcanic Zone, and Eleven. These targets will be further evaluated during the 2021 program, and the best targets may be chosen for drill testing later in the season.

Exploration crews will also begin work on the recently acquired Sol and Oro claim groups (see Fireweed News Release dated Nov 23, 2020) that cover the western extension of the Fertile Corridor which is host to Boundary Zone, End Zone and the Jason deposit, and is the prime exploration target trend in the district. Previous operators explored the Sol and Oro claims for gold and left a legacy of extensive geochemical and geophysical data which includes large geochemical anomalies indicating strong potential for shale hosted zinc and lead deposits as well as large silver anomalies which may indicate mineralization of a different type altogether. Many of these anomalies and targets will be investigated this summer.

Airborne Geophysical Survey
Crews will continue with the 1,300 line-kilometer airborne VTEM-Magnetics geophysics survey that was started at the end of the 2020 season but delayed due to late season weather. The survey will cover the Boundary and Boundary West Zones as well as regional targets such as Bog Zone, Volcanic Zone, and Eleven. Results of the survey will be used to guide work programs and exploration targeting.

Ground Geophysical Surveys
The ground gravity crew will continue to survey the Fertile Corridor focusing on high priority target areas. Previous gravity surveys successfully detected the Tom, Jason, and Boundary Zones, and a gravity anomaly detected in 2020 lead to the discovery of the newly identified Boundary West Zone.

Geochemical Surveys
Continued soil geochemical surveys are planned for select areas of the property, and extensive geological mapping and prospecting will be carried out this summer to advance Fireweed's understanding of the geological controls on mineralization and further delineate prospective areas including the recently acquired Oro and Sol claims on the western extension of the Fertile Corridor.

Qualified Person Statement
Technical information in this news release has been approved by Gilles Dessureau, P.Geo., V.P. Exploration for Fireweed Zinc and a ‘Qualified Person' as defined under Canadian National Instrument 43101.

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 "

CEO & Director

Contact
Brandon MacDonald
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.


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Sydney, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to report the acquisition of a Boart Longyear LM90 underground drill rig, in line with its stated strategy to advance exploration drill works at the high-grade Reward gold mine.

HIGHLIGHTS

- Vertex has acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource

- The Vertex team are planning diamond drill programs for the following:

o Below the current JORC-2012 Reward Resource (see drill collar locations on Figure 1), with the aim of expanding upon the existing resource

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- Acquisition of the LM90 follows an extensive review of the mineralisation potential below the Reward resource, which has only been drilled up to 50m below the Amalgamated Adit. This area targeted is referred to as the 'Reward mid depths' as it is located just 80m to ~200m below the Amalgamated Adit. Refer to figure 1*

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o Safe, Semi-automated, with a rod-handler system which allows for less manual handling

o Allows greater flexibility in drilling over a number of resource and exploration areas

o LM 90 rigs are well-established in the industry as safe and reliable underground drill rigs

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o Per-metre drill costs will be significantly less than hiring an external drill contractor

o More control and accuracy over precision of drilling.

o Works well with Job sharing

o Reduces pressure on Mining crew to have drill cuddy availability

o The LM90 rig will be accounted for as an asset on the Vertex balance sheet

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LONGYEAR LM90 UNDERGROUND DRILL RIG - KEY FEATURES

The LM90 has several attributes which will provide flexibility for on-site drilling operations, where Vertex will be able to maintain drill sites with the Company's own underground mining crew. The deployment of the LM90 also means Vertex does not have to pay stand-down time or mobilisation fees, and its drillers can be assigned to other jobs.

1. REVERSIBLE FEED CYLINDER

The feed cylinder is reversible which increases up-hole drilling capacity.

2. SEMI-AUTOMATED ROD HANDLING

Semi-automated rod handler (optional) makes handling of rods safer and easier.

3. HIGH TORQUE BREAKOUT

Automated high torque breakout device breaks most rod joints automatically.

4. FAIL SAFE ROD CLAMP

Hydraulic open and spring close rod clamp resultsin failsafe operation.

5. LOAD SENSING HYDRAULICS

Load sensing hydraulics maximize efficiency and reduce heat.

6. PROPORTIONAL CONTROLS

Proportional controls and lock levers provide optimum control of rpm and feed.

7. DIRECT COUPLED FEED FRAME

Direct coupled feed frame resultsin lower maintenance and smoother feed transmission

Combined Mineral Resource Estimate (MRE) for the Reward gold deposit at Hill End stands at 419,000 tonnes at 16.72g/t Au for 225,200oz Au (VTX Announcement 21 June 2023)

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8DG26OB8



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) 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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Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

"I am pleased with the progress made during my tenure as Interim Chairman," said Bill Williams . "With Ray's extensive background in project development, construction, and executive management, I am confident he is the right person to lead the Board moving forward".

"I am excited to step into the role of Chairman and to lead the Board during this pivotal time for Western," said Raymond Threlkeld . "I look forward to collaborating with my fellow directors and management to unlock the full potential of the Casino Project".

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

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Sandeep Singh
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western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. 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. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

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SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2024/27/c3353.html

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