Fireweed Metals Corp. has announced an increase in mineral resources at the Macpass Project, including an inaugural resource estimate for the Boundary Zone. The updated Mineral Resource Estimate (MRE) for the Tom and Jason deposits, along with the new estimates for the Boundary Zone and End Zone deposits, was prepared by SLR Consulting (Canada) Ltd. in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (CIM) definitions under National Instrument 43-101.
According to Peter Hemstead, the Interim CEO of Fireweed Metals Corp., the updated MRE marks a significant milestone in demonstrating the exploration potential of the Macpass district. The team has increased the contained zinc equivalent metal in the Indicated Resources category by approximately 300% and more than doubled the overall tonnage. With the addition of the Boundary Zone, Macpass is now considered one of the world’s largest undeveloped primary zinc districts.
Key highlights of the Mineral Resource Estimate include an Indicated Resource of 56.00 Mt at 7.27% Zinc Equivalent (ZnEq) and an Inferred Resource of 48.49 Mt at 7.48% ZnEq. The resource estimate is supported by verified data, robust geological models, well-defined estimation domains, and thorough sensitivity analysis.
Dr. Jack Milton, VP Geology, mentioned that the resource is the culmination of six years of exploration success at Macpass, including additional drilling and the discovery at Boundary Zone. The potential for by-product gallium and germanium could further enhance the Macpass district with critical minerals exposure. The deposits remain open along strike and at depth, with ongoing exploration programs to identify high-quality targets for future testing.
Investors, media, and the public are invited to join a conference call and webinar to discuss the results of the Macpass MRE update. The company is optimistic about the future potential of the Macpass Project and is focused on further exploration and development to maximize the value of the mineral resources in the region.