Fireweed Metals Corp (FWZ) Quote

FIREWEED METALS CORP.

March 11, 2024


Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) is pleased to announce its upgrade from the OTCQB® Venture Market to the OTCQX® Best Market (“OTCQX”), a top-tier public market in the United States. As of today, Fireweed's common shares are actively trading on OTCQX under the trading symbol "FWEDF." This significant step underscores the Company's commitment to accessibility for U.S. investors, aligning with the high standards set by OTCQX.

Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce the appointment of Mr. Alex Campbell to the Management Team as Vice President Corporate Development. His role will focus on finding, evaluating, and executing strategic opportunities for the Company.

CEO Statement

Brandon Macdonald, CEO, stated “As Fireweed’s success at our projects has grown, so has strategic interest in the Company and options available to us. Alex’s diverse experience from mining to banking, combined with his passion for our industry, makes him a fantastic addition to the team as we navigate these opportunities. The Fireweed team is very pleased to welcome him as we continue to maximize shareholder value through exploration, development, and potential strategic transactions.”

Alex Campbell Biography

Mr. Campbell is a mining professional with over ten years of combined expertise in South American mining operations, mine finance, and Global Capital Markets. He began his career at Antofagasta Minerals, working at the Los Pelambres copper mine in Chile. Subsequently, he relocated to Colorado to pursue his master’s degree while concurrently working at Resource Capital Funds and the Critical Materials Institute, a U.S. DOE innovation hub focused on the development of secure and resilient supply chains for critical materials crucial to the energy transition. Following this, he spent five years with CIBC’s Mining Investment Banking Team in Vancouver, BC, covering a broad spectrum of mining and royalty companies. Throughout this tenure, he played instrumental roles in executing diverse corporate transactions across various commodities and asset-level stages.

Mr. Campbell holds a Bachelor of Science and a Master of Science in Engineering (Mining) degree from the Pontificia Universidad Católica de Chile, as well as a Master of Science in Mineral and Energy Economics degree from The Colorado School of Mines.

Fireweed intersects 118.0m of 15.1% zinc, 2.8% lead, and 85. 8/t silver, and also 82.5m of 11.9% zinc, 2.2% lead. and 81.2 g/t silver: multiple zones of high grade mineralization in a single drillhole

- Multiple wide, high-grade zones of zinc-lead-silver mineralization have been intersected in a stratiform, laminated to massive sulphide zone at Boundary Zone, part of an extensive sediment-hosted massive sulphide system.
- NB23-007 intersected an upper zone of 82.5 m (15 m true width) of 11.9%, zinc 2.2% lead and 81.2 g/t silver, including 27.03 m (4.9 m true width) of 26.7% zinc, 4.2% lead, and 165.2 g/t silver.
- NB23-007 also intersected a separate, lower zone of 118 m (40 m true width) grading 15.1% zinc, 2.8% lead, and 85.8 g/t silver including 77.07 m (26 m true width) of 18.7% zinc, 3.5% lead, and 101.4 g/t silver.
- NB23-004 intersected 33.43 m (22 m true width) of 8.0% zinc, 2.0% lead, and 59.2 g/t silver, including 13.88 m (9.1 m true width) of 12.6% zinc, 3.7% lead, and 99.4 g/t silver.
- Assays are pending for down-dip, step-out intersections of massive sulphide with intersected thicknesses between 25 m and 140 m, and additional drilling is underway where the zone remains open at depth.

CEO Statement

Brandon Macdonald, CEO, stated, “In our largest field season ever, we continue to hit spectacular grade and widths of mineralization at Boundary Zone. The results from NB23-007 include two intersections which continue to demonstrate the world-class potential of mineralization at Boundary Zone. These results show continuity with, and even eclipse NB22-002, formerly Fireweed’s best-ever drillhole, in terms of grade and length of mineralization.”

Results from the Boundary Feeder Zone Target

Following up on drilling from 2022 and the initial results of the 2023 program which targeted a gap in the drilling between two of Fireweed’s best-ever drillholes at Boundary Zone, NB22-002 and NB22-023 (see Fireweed news releases dated June 22, 2023, November 22, 2022, and March 2, 2023), Fireweed has continued to test the high-grade feeder zone target that is interpreted to occur as at least one stratiform layer within a sediment hosted massive sulphide system. Both the initial results from 2023 as well as those from 2022 intersected very wide, high-grade zones and demonstrate continuity of the mineralized system.


Read more at:
https://fireweedmetals.com/fireweed-intersects-118-0-m-of-15-1-zinc-2-8-lead-and-85-8-g-t-silver-and-also-82-5-m-of-11-9-zinc-2-2-lead-and-81-2-g-t-silver-multiple-zones-of-high-grade-mineralization-in-single-drillhole/?utm_medium=email&_hsmi=271211262&_hsenc=p2ANqtz-9B49YMj1wqlAa02F9tHab6OjQrZiXMEVMTjvfGj4y1HZ6JCwloeWc9JQRK2ROG2cvzFsp5fbE7vqSQJBq-_jk9Ft-EfQ&utm_content=271211262&utm_source=hs_email

Fireweed Connects Boundary Main and Boundary West with a High-Grade Feeder Zone

July 26, 2023

Initial results from the first 18 holes of the 2023 program have confirmed the connection between Boundary Main and Boundary West.
These results reveal a continuous mineralized zone of stratiform laminated to massive sulphide in addition to extensive near-surface vein and breccia mineralization.
The Boundary Zone stratiform mineralization has a strike length of over 400 m and has been followed down-dip for at least 350 metres.
This zone is trending to higher grades and greater thicknesses at depth, where it remains open.
NB23-003 intersected 71.89 m of 6.48% zinc, 3.09% lead, 97.8 g/t silver, including 21.96 m of 10.70% zinc, 6.96% lead, and 178.6 g/t silver.
NB23-001 intersected 38.00 m of 9.12% zinc, 1.50% lead, 52.6 g/t silver, including 20.00 m of 15.32% zinc, 2.53% lead, 86.2 g/t silver.
NB23-002 intersected 4.20 m of 18.71% zinc, 0.30% lead, 47.1 g/t silver.

Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to report the first assay results from its 2023 exploration at the Macmillan Pass Project, Yukon, and provide an update from its largest ever drill program.

CEO Statement

Brandon Macdonald, CEO, stated “The first results of the season have already been a game-changer for Fireweed, demonstrating the presence of a high-grade layer of massive sulphides and stratiform mineralization feeder system which connects Boundary West and Boundary Main in one single zone which we are now just calling Boundary. We are delighted with the 2023 drill program so far, and we are excited to continue drilling step-outs in and around this potential feeder, as well as the other step-out targets at Boundary, Tom, Jason, and beyond.”

Read more at:
https://fireweedmetals.com/news/fireweed-connects-boundary-main-and-boundary-west-with-a-high-grade-feeder-zone-intersecting-71-9-m-of-6-5-zinc-3-1-lead-and-97-8-g-t-silver/?utm_source=hs_email&utm_medium=email&utm_content=267780361&_hsenc=p2ANqtz-8tyiFBj7-RhgJ7GpF5jWS1UNgPSTu7Xalrl30DQxLfADO1rnrEpV2a3VePadallpcPRBNmKt8za-lhkIxDURje3iJgZw

FIREWEED METALS CORP. is pleased to announce the results of the first metallurgical and ore-sorting test work from Boundary Zone, an emerging zinc discovery at Macmillan Pass, Yukon, Canada.

Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the results of the first metallurgical and ore-sorting test work from Boundary Zone, an emerging zinc discovery at Macmillan Pass, Yukon, Canada.

Highlights

- Open circuit cleaner flotation tests show up to 97% zinc recovery.
- Zinc concentrates show high grades ranging from 53% to 63% zinc.
- A coarse grind size yields excellent recovery, with up to 99% in rougher tests.
- Three critical minerals are present in concentrates: zinc, germanium, and gallium.
- Selective use of ore sorting only on low-grade material shows promising results for potentially increasing feed grades, decreasing processing costs, and reducing tailings volumes whilst preserving the value in the abundant high-grade zones at Boundary.

CEO Statement

Brandon Macdonald, CEO, stated “The first metallurgical results from Boundary Main are back and show excellent results. The coarse nature of the sphalerite means that a relatively coarse grind size is all that is needed to produce a high-grade zinc concentrate with high recoveries. We have shown that Boundary Zone, like Tom and Jason, can produce high-quality zinc concentrates that we anticipate would be attractive to global markets. High concentrations of germanium and moderate concentrations of gallium in the zinc concentrates highlight the potential for recovery of these critical metals as by-products during the zinc smelting process. Even though we see by far the most potential economic value in the zinc, the addition of germanium and gallium to the mix brings the total of different critical metals present at Boundary Zone to three. This elevates the potential of the Macmillan Pass project to be one of Canada’s leading critical minerals projects.”

Plain Language Summary

Preliminary test work has been carried out on samples from Fireweed’s new zinc discovery at Boundary Zone at the Macmillan Pass project, Yukon. These tests provide an initial impression of how the zinc- and lead-bearing rocks may respond to crushing, grinding, and processing to produce zinc and lead concentrates. The test results are very promising: the rocks have a moderate to moderately high hardness; a reasonably coarse grind size is sufficient to liberate zinc and lead minerals; and high-grade zinc concentrates can be produced from most of the material tested from Boundary Zone with only small amounts of zinc loss during processing.

Lead is only a minor component of the mineralization at Boundary Zone and only samples with appreciable amounts of lead were metallurgically tested with a dedicated lead circuit. Lead test work results were variable and generally poorer than for zinc. With the relatively low lead content of Boundary Zone shown to date, this likely limits the overall economic importance of lead. Likewise, there is limited silver in much of Boundary Zone Main, and the samples showed low silver grades.

This metallurgical testing showed variable results for the limited silver in the material tested, however silver has never been of material economic importance in this zone. Ore sorting is a process where mined material is scanned for various properties, including density and metal concentration, and then sorted to remove waste before milling.

The test work results showed that the low-grade material that surrounds the higher grade zones at Boundary Main has properties which make it suitable for ore sorting, and there exists an exciting possibility of deploying this technology to reduce costs and improve economics at the project. Higher grade zones would likely not be sorted to prevent any losses of the higher-value material during the sorting process. The test work is preliminary in nature, and further testing is required to more accurately predict the behaviour of Boundary Zone material during processing. However, the results suggest metallurgical performance for zinc could be excellent and should not be an impediment in demonstrating reasonable prospects for eventual economic extraction.

Read more at:
https://fireweedmetals.com/news/fireweed-announces-positive-metallurgy-from-boundary-zone-macmillan-pass/

Fireweed Commences 2022 Drill Program At Macmillan Pass

Vancouver, British Columbia - 26/07/2022 - FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the 2022 diamond drilling program has started at the Macmillan Pass zinc-lead-silver Project, Yukon, Canada.
Highlights

- Drilling has begun with plans to complete over 7,000 m using 4 drills
- Two of four drills have started drilling the first holes of the 2022 program
- Three drills will focus on Boundary and Boundary West zones, with the fourth targeting Tom and Jason zones

CEO Statement
Brandon Macdonald, CEO, stated
“We are finally drilling! After a delayed start-up mainly due to a late spring, drilling has begun. The first two of four drills are turning with the final drill arriving at site shortly. Even with the late start we anticipate drilling over 7,000 metres this summer to make it the largest drill program Fireweed has ever carried out at the Project.”


Read at:
https://mailchi.mp/fireweedmetals/press-release-6103855?e=59d37eddfe

Tungsten – the other critical metal and a way to play it

July 1, 2022

One key theme at the PDAC convention this year – Canada’s annual mining convention, sponsored by the Prospectors and Developers Association of Canada – was the idea of so-called “critical metals”
....

All this, and for well over a century the metal was essential to making old fashioned incandescent light bulbs – in fact, General Electric once held a patent on its use for just that purpose.

....

Have you figured it out yet? It’s tungsten.

....

For now, we’ll skip the deep history and just note again that the key global supplier is China. ‘Nuff said on that, right?

So, is there any tungsten in North America, you may wonder? Well, yes! And I visited a truly remarkable site on a recent trip up to the Yukon.

I’m pleased to report that there’s a superb tungsten deposit in Canada, straddling the border of Yukon and Northwest Territories. It’s called MacTung, located at the very top of a high mountain, running along a glacial-carved ridge.

....

This year a company called Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF) bought the MacTung claims from the government – interesting story; too long to discuss here. But it’s a Fireweed play now.

If you follow such things, Fireweed Metals used to be called Fireweed Zinc, and in fact the company just changed its name in the past couple of weeks.




Read the full article at:
https://investorintel.com/markets/technology-metals/technology-metals-intel/tungsten-the-other-critical-metal-and-a-way-to-play-it/?utm_source=rss&utm_medium=rss&utm_campaign=tungsten-the-other-critical-metal-and-a-way-to-play-it

FWEDF: effective June 30,2022 Fireweed Zinc Ltd. will change to
Fireweed Metals Corp.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Fireweed to Rebrand as ‘Fireweed Metals Corp.’

June 21, 2022

-- to Reflect Its Emergence as a Leading Critical Minerals Company

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce it is rebranding and transitioning with a name change to FIREWEED METALS CORP. Fireweed will now operate as and market itself as Fireweed Metals Corp., but formal adoption of the new name will occur when regulatory approvals are received. Fireweed will continue to trade under the same symbols on stock exchanges (TSXV: FWZ; OTCQB: FWEDF; FSE:20F) and the number of shares outstanding will not change.

The rebranding features a new redesigned website, www.FireweedMetals.com, which launches today. Readers are encouraged to explore the new website which features a new look and new content with enhanced visuals and videos.


For more information goto:
www.FireweedMetals.com.

FIREWEED ZINC MOBILIZES FIELD CREWS FOR $10M DRILL PROGRAM AT MACMILLAN PASS

June 20,2022

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada to prepare for a large 2022 drill program. Significant improvements are being made to the camp to support the four-rig 2022 program. Diamond drilling, core scanning, and a muon tomography survey will begin in the coming weeks after the access road opens.

Highlights

- This will be Fireweed’s largest drill program to date with 8,000 m of diamond drilling planned.
- Two-thirds of the metres will be step-out and infill at Boundary Zone and Boundary West with the remaining metres split between Tom and Jason targeting high-grade step-out and infill holes.
- All 2022 core plus core from previous programs and historical core will be scanned using advanced hyperspectral scanning technology.
- Muon detectors will be deployed at Boundary West to effectively target step-outs and help define the geometry of the recently discovered zones of massive and high-grade laminated sulphide.
- Field crews will also be conducting due diligence and validation work at the adjacent Mactung Tungsten Project in the coming months in preparation for the planned Mineral Resource update and PEA economic study

V.P. Exploration Statement
Gilles Dessureau, V.P. Exploration, stated “We are very excited to start our 2022 season. It will be the largest and most ambitious program ever carried out by Fireweed at the Macmillan Pass Project. We are also excited to use innovative new technologies, such as muon tomography and hyperspectral imaging to guide exploration. The main objectives of the 2022 field program will be to define and expand the known mineralized zones toward an updated mineral resource study this winter followed by an updated preliminary economic study.”

Read more at:
https://mailchi.mp/fireweedzinc/press-release-6097923?e=59d37eddfe

Fireweed Zinc Acquires Mactung Tungsten Project Expands Critical Minerals Portfolio

June 7, 2022

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce the signing of a binding Letter of Intent (LOI) for the acquisition of 100% interest in the Mactung Tungsten Project located in Yukon and Northwest Territories, Canada, immediately adjacent to its Macmillan Pass Zinc-Lead-Silver Project.

Highlights:

- Mactung is one of the largest and highest-grade tungsten deposits in the world and one of the few potential sources of scale for this critical metal outside of China.
- Approximately 38,000 m of historic drilling1 outlined a large, high-grade tungsten resource and produced a positive historic feasibility study2.
- Mactung is located within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun, and the Sahtú Settlement Area.
- Fireweed hold a right to a 100% interest in the Mactung project through a binding LOI with the Government of the Northwest Territories (“GNWT”).
- The Mactung deposit is 13 kilometres north of Fireweed’s Tom deposit and is also accessible by the North Canol Highway providing potential for future synergies.


Read more at:
https://mailchi.mp/fireweedzinc/press-release-6095859?e=59d37eddfe

Fireweed Drills 6.9% Zinc, 5.0% Lead, and 48.7 g/t Silver over 11.7 m True Width at Tom East

Jan 12,2022

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce further assay results from the 2021 drilling program at the Macmillan Pass project, Yukon, Canada where an infill hole at Tom East (see Maps 1 & 2) encountered high-grade laminated mineralization.


Highlights

Hole TS21-001 intersected 10.41% zinc, 11.58% lead, and 149.9 g/t silver over 7.99 m (true width 2.46 m) within a broader interval of 6.92% zinc, 5.03% lead, and 48.7 g/t silver over 37.99 m (11.70 m true width).
Tom East is the highest-grade deposit on the property and remains open for expansion.
Assay results from the last two holes at Boundary West are pending.

Brandon Macdonald, CEO, stated
“Tom East continues to deliver high-grade results consistent with previous drilling in the area. As we continue to develop the resource, it is highly encouraging that we continue to intersect these wide high-grade zones. These results will be used to guide future drilling, enhance existing geological models, and upgrade the resource. In the coming weeks, we look forward to more drill results from the last two holes at Boundary West.”




Read more at:
https://www.fireweedzinc.com/news-media/news/release/index.php?content_id=253

Fireweed Intersects 16.1 m of 10.4% Zinc and 15.7 g/t Silver in Step-Out at Boundary West

November 3,2021

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed”) (TSXV: FWZ) is pleased to announce further results from the 2021 drilling program at the Macmillan Pass project, Yukon, Canada. Results from these step-out holes continue to show that Boundary West is growing and expand the known extent of the high-grade laminated zones, massive to semi-massive sulphides, and additional wide zones of vein-hosted mineralization.


Highlights

- Step-out hole NB21-008 intersected a wide zone of mineralization at Boundary West grading 5.41% zinc, 0.19% lead, and 10.5 g/t silver over 73.35 m including 10.39% Zinc, 0.16% Lead and 15.7 g/t Silver over 16.09 m, extending mineralization to depth.
- High-grade laminated mineralization was intersected in NB21-006, NB21-007 and NB21-008, stepping out from the original discovery of this zone earlier in 2021.
- Boundary West remains open at depth, and geological features continue to indicate that higher grade zones may be encountered with additional step-out drilling.

Brandon Macdonald, CEO, stated:

“This year’s drill results from Boundary Zone and Boundary West have clearly demonstrated that our exploration thesis was correct – there is high-grade laminated barite-hosted zinc-lead-silver mineralization as well as zones of massive sulphides and very wide intervals of vein-hosted mineralization at Boundary West. We’ve now discovered all these styles of mineralization and many new zones in a large zinc system at Boundary Zone. The great results in 2021 continue to demonstrate that Boundary Zone is a key piece of the Macmillan Pass project alongside the high-grade deposits at Tom and Jason”.

Read more at:
https://mailchi.mp/fireweedzinc/fireweed-intersects-161-m-of-104-zinc-and-157-gt-silver-in-step-out-at-boundary-west?e=59d37eddfe

Fireweed Intersects 1.54% Copper, 5.42% Zinc, and 5.7 g/t Silver over 2.00 m and 2.35% Zinc, and 4.6 g/t Silver over 203.05 m in Step-Out Hole at Boundary Zone

November 18, 2021

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed”) (TSXV: FWZ) (FWEDF)) is pleased to announce further results from the 2021 drilling program at the Macmillan Pass project, Yukon, Canada. Results from this step-out hole continue to show that Boundary Zone is growing and expand the known extent of the wide zones of vein-hosted mineralization.


Highlights

- A new, copper-rich style of mineralization was encountered in NB21-005, grading 1.54% copper, 5.42% zinc, 0.04% lead, and 5.6 g/t silver over 2.00 m.
- Step-out hole NB21-005 intersected a wide zone of vein hosted mineralization at Boundary Zone grading 2.35% zinc, 0.01% lead, and 4.6 g/t silver over 203.05 m, extending the mineralized zone to depth.
- The broader 203.05 m intersection included wide higher-grade zones such as 34.45 m of 4.61% zinc, 0.01% lead, and 8.9 g/t silver.

Brandon Macdonald, CEO, stated:
“These intriguing drill results show a new style of mineralization and brings copper into the mix at Boundary Zone. This is an encouraging sign of the system becoming hotter as we continue to expand the known zone of mineralization with more and more step-outs. This is the first discovery of meaningful copper grades in core at the Macmillan Pass project and we are excited to follow up on this new style of copper-zinc mineralization in the coming drill programs”.

Read more at:
https://mailchi.mp/fireweedzinc/fireweed-intersects-154-copper-542-zinc-and-57-gt-silver-over-200-m-and-235-zinc-and-46-gt-silver-over-20305-m-in-step-out?e=59d37eddfe