Fireweed Zinc Ltd. is pleased to announce that significant widths of near-surface zinc-lead mineralization have been discovered at a new target west of Boundary Zone. Six core holes have been drilled at Boundary Zone and area, and six RC holes have been drilled at Tom. All three rigs remain drilling on the property. Highlights Wide zones of mineralization have been discovered at a new gravity target located 360 m west of [...]
Fireweed Zinc Ltd. is pleased to announce the appointment of Mr. James Scott to the Management Team as Senior Vice President Projects. In this position, he will lead and coordinate the multiple activities that are required to advance the Macmillan Pass Project toward production. His role will include holistic oversight of studies, engineering, environmental baseline, permitting, community relations, government relations [...]
Fireweed Zinc Ltd. is pleased to announce that the ground gravity geophysical survey has been completed and has highlighted a possible substantial extension to the Boundary Zone. A third drill rig has been added to the program. Highlights 48.5 line-kilometer of ground gravity has been completed, and preliminary results show a potential extension of Boundary Zone Holes NB20-001 and NB20-003 at Boundary Zone have been [...]
Fireweed Zinc Ltd. is pleased to announce closing of its non-brokered private placement announced August 26, 2020 for gross proceeds of CAD$2.065 million. The Offering consists of 3,277,293 common shares of the Company at a price of CAD$0.63 per share with a half two-year warrant exercisable at CAD$0.95 per share for gross proceeds of CAD$2,064,695. The proceeds from the Offering will be used for exploration and [...]
Fireweed Zinc Ltd. is pleased to announce that drilling has started on the 100% owned 544 km2 Macmillan Pass Zinc-Lead-Silver Project in Yukon, Canada. This is in addition to the field work already in progress on the property since July that includes geophysical, geochemical, and geological work. Highlights Two core drills have begun drilling at Boundary Zone Most drilling this season will be at Boundary Zone, further [...]
Fireweed Zinc Ltd. is pleased to announce a non-brokered private placement for gross proceeds of up to CAD$2.0 million. The Offering will consist of up to 3,174,603 common shares of the Company at a price of CAD$0.63 per share with a half two-year warrant exercisable at CAD$0.95 per share. Fireweed CEO Brandon Macdonald stated, “We welcome the additional demand from strong investors and are glad to add more to our already [...]
Fireweed Zinc Ltd. is pleased to announce the appointment of Mr. Marcus Chalk to the Board of Directors. Mr. Chalk has over 25 years experience as a leading strategic and capital markets advisor in the global metals and mining industry. Prior to founding GenCap Mining Advisory in May 2020, he spent the past 14 years leading the Vancouver mining investment banking team at Scotiabank. Prior to that, he was at Macquarie [...]
Fireweed Zinc Ltd. is pleased to announce that exploration work is ramping up on the Macmillan Pass Zinc Project in Yukon, Canada. Highlights The first core drill will arrive on site next week and a second drill will arrive shortly after Most drilling will be at Boundary Zone, further testing the wide, high-grade mineralization intersected in 2019 New discovery targets will also be drilled, including 240 Mile Target [...]
Fireweed Zinc Ltd. is pleased to announce that it is accelerating and exercising three property option agreements to acquire 100% interest in its Macmillan Pass Zinc-Lead-Silver Project. A map of the acquired properties is attached to this news release. CEO Statement Brandon Macdonald, CEO, stated, “Our Macmillan Pass property is host to one of the largest undeveloped zinc resources in the world but it also covers [...]
Fireweed Zinc Ltd. is pleased to announce closing of the non-brokered private placement announced July 15, 2020 for total gross proceeds of CAD$5.2 million. Highlights $5.2 million Offering over-subscribed Insiders, namely Directors, Management, and their proxies, participated for a total of 521,697 Units plus 76,961 Flow Through Shares in the financing to add to their holdings Financing will provide Fireweed with capital [...]
Fireweed Zinc Ltd. is pleased to announce that its previously announced financing has been oversubscribed due to strong investor interest, and the non-brokered private placement has been increased to aggregate gross proceeds of up to $4.9 million. The Offering will now consist of three parts for gross proceeds of up to CAD$4,889,600 as follows: 2,970,000 common shares of the Company at a price of CAD$0.53 per share with a [...]
Fireweed Zinc Ltd. is pleased to announce a non-brokered private placement for gross proceeds of up to CAD$3.5 million. Fireweed CEO Brandon Macdonald stated, “Last year we drilled the best holes ever at Boundary including 100 metres of 7.94% zinc from surface including 6.4 metres of 42.88% zinc. With this financing we can now drill to further test the high grade and extensions of the zone as we start to outline a [...]
