TSXV: FWZ
VANCOUVER, July 20, 2017 /CNW/ - FIREWEED ZINC LTD.
("Fireweed" or the "Company") (TSXV: FWZ) is pleased to announce
that drilling has begun on the Macmillan Pass Project. The
Phase 1 program is planned for 2,000 meters of core drilling
and other work with the main objectives of verifying and bringing
the historic mineral resources on both the Tom and Jason
zinc-lead-silver deposits to current standards, as well as drilling
of step out holes from the known zones to expand on historic work
(see Fireweed news release dated June 1, 2017 for details of
the historic mineral resources).
Phase 1 exploration work also includes re-sampling of select
historic drill core to confirm assays from previous work, surface
mapping and geochemical sampling in exploration for new
discoveries, surveying to accurately locate old and new drill hole
locations, airborne LiDAR surveying to produce an accurate
topographic map of the property, and compilation of historical
data. The results of the drilling and other work will be used
to complete an updated NI 43-101 resource estimate before year end.
Fireweed then plans to undertake a Preliminary Economic Assessment
to evaluate project economics which is expected to be completed in
the first half of 2018.
The technical information in this news release has been reviewed
and approved by Brandon Macdonald,
P.Geo, a 'Qualified Person' as defined under Canadian National
Instrument 43‑101.
About Fireweed Zinc Ltd.: Fireweed Zinc is a new public
mineral exploration company focused on zinc and managed by a
veteran team of mining industry professionals. This summer the
Company will be advancing its Macmillan Pass Zinc Project where it
has an option to acquire 100% of the Tom-Jason property in
Yukon, Canada. The project is host
to the large, advanced Tom and Jason zinc-lead-silver deposits and
surrounding exploration ground with significant upside exploration
potential and road access.
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.
Forward-Looking Statements
This news release contains
"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 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 supervision,
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.
SOURCE Fireweed Zinc Ltd.