Fireweed Identifies Drill Targets at The Gayna Project, NWT
Fireweed Zinc Ltd. (TSX.V: FWZ) has identified numerous drill targets through its systematic soil geochemical survey of the Gayna Project located in the Northwest Territories. The project is located in the Taltson Magmatic Zone, which is known for hosting several base and precious metal deposits.
The soil geochemical survey of the Gayna project has identified numerous drill targets and has identified highly anomalous zinc values over large areas. Zinc values that exceed 500 ppm have been reported in surface soil samples within a 5 km radius of the main target area. In addition, Fireweed has been able to increase the size and extent of anomalies that were previously identified in previous surveys.
These anomalous soil samples have revealed the presence of high-grade vein systems and the presence of large disseminated sulphide mineralization. Fireweed has interpreted the targets to be associated with mafic-ultramafic intrusions and related breccias that are often related to mineralization associated with VMS deposits. The targets are considered drill ready and contain high levels of zinc, silver, copper, and lead.
The Gayna project is prospective for the discovery of both base and precious metal deposits. Fireweed plans on commencing its drill program in the near future and will be testing these targets for potential economic mineralization. The Gayna project has potential to add considerable value to Fireweed’s mineral resource portfolio, and the company is confident that the results of its drilling program will add value to the Gayna project.
Fireweed has also reported high-grade samples at the Knife Lake project, Saskatchewan, which is located about 64 km southeast of the Gayna project. The high-grade samples include zinc levels up to 11.2%, silver up to 864 ppm, copper up to 3%, lead up to 2.6%, and gold up to 0.071 g/t. These results suggest that the Knife Lake project could potentially represent a significant VMS target and have the potential to be drilled.
In conclusion, Fireweed Zinc has had considerable success in identifying drill targets at both the Gayna project and the Knife Lake project. The results of its exploration programs have already identified numerous targets with potentially economic grade mineralization. Fireweed plans on expanding its exploration program and is confident that its drill program will add value to its mineral resource portfolio.