Fireweed Starts Largest Ever Drill Program at Macmillan Pass Focused on Expansion of All Mineralized Zones

VANCOUVER, British Columbia, June 06, 2023 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce the 2023 diamond drill program has started at Macmillan Pass and provide an operations update.

Highlights

• 2023 will be Fireweed’s largest ever drill program with goals to expand all known mineralized zones at Macmillan Pass.
• Drilling is underway with plans to complete 16,000+ m using five diamond drill rigs, with opportunity to increase.
• The focus of the initial phase of drilling is growth at Boundary Zone building on past successes.
• Macmillan Pass Camp expansion is progressing on schedule to add 48-persons to its capacity.
• Commencement of year-round environmental studies to inform future assessment processes to advance Macmillan Pass towards production.
  

CEO Statement
Brandon Macdonald, CEO stated “We are off to a great start and look forward to a game-changing season ahead. We are on track to complete the largest ever drill program Fireweed has carried out at Macmillan Pass. The first drill rig is turning and we are preparing to receive four more drill rigs once the road to site is opened. It’s busy times and exciting times; and with a healthy treasury of over $30 million, 2023 is shaping up to be a banner year for Fireweed.”

2023 Diamond Drill Program
The 2023 program will utilize five diamond drill-rigs, targeting over 16,000 m of drilling between Boundary, Tom, and Jason zones. The initial phase of drilling (Phase 1) with the first drill is currently underway. This phase is focused on stepping out from the high-grade intersections drilled at Boundary Zone in 2022 such as holes NB22-023 that intersected 298 m of 4.5% zinc, 1.4% lead, and 30.9 g/t silver including a new stratiform zone of 9.6 m grading 24.5% zinc, 15.1% lead, and 323.2 g/t silver (see Fireweed news release dated March 2, 2023).

The Phase 1 2023 step-outs will include testing the potential continuation of the high-grade stratiform mineralization and massive sulphide mineralization at Boundary West and Boundary Main. Fireweed has identified an area between Boundary West and Boundary Main that has geological potential to host a high-grade feeder zone and is flanked by two of Fireweed’s best ever drillholes at Boundary Zone, NB22-002 and NB22-023 (see Fireweed news releases dated November 22, 2022, and March 2, 2023). The Phase 1 program will provide a first pass drill test of this potential feeder area that may link Boundary Main and Boundary West (Long Section I-I', Cross Section H-H’, and Map 2).