Fireweed Metals Corp. In conjunction with Fireweed’s ever drill program at Macmillan Pass, Fireweed will be conducting reconnaissance prospecting, mapping, and sampling across a series of gold anomalies on the property. The 980 km2Macmillan Pass and Mactung projects are located in the prolific Selwyn Basin—host to major precious metal deposits associated with highly prospective Mayo suite intrusions in the Tombstone-Tungsten Belt (TTB), including Brewery Creek, Dublin Gulch, Keno Hill, Fort Knox, and recent gold discoveries adjacent to Macmillan Pass.

The causative intrusion for Fireweed’s Mactung tungsten-copper-gold skarn deposit is a mid-Cretaceous intrusion of the Tombstone-Tungsten Belt and is the high-grade tungsten deposit in the world as demonstrated by Fireweed’s recent Mineral Resource Estimate that includes an estimate of contained by-product gold. Six different Mayo suite intrusions and several swarms of mid-Cretaceous dykes have been mapped at surface on Fireweed’s claims; in addition, hornfels metasedimentary rock at surface, magnetic anomalies, and geochemical anomalies suggest other intrusions are also present in the near surface. Planned drilling programs totaling >20,000 m in the Selwyn basin—and within the Tombstone-Tungsten gold belt in particular—have begun a new rush of gold exploration on projects surrounding Fireweed’s claims in 2023.

This new wave of gold exploration has been fueled by the new discoveries by Snowline Gold Corp. of reduced intrusion-related gold mineralization, 30 to 90 km away from Fireweed’s Macmillan Pass Project (Map 3). Previous gold exploration in the eastern Selwyn Basin in 2011-2013 primarily focused on a different mineralization type, Carlin-style gold, following gold discoveries to the northwest by ATAC Resources Ltd. Approximately $6M of early-stage gold exploration occurred on Fireweed’s Macmillan Pass Project during 2011-2013 by previous owners and datasets gathered during this work, combined with Fireweed’s own data, are being leveraged by the Company to generate targets for gold exploration.

The Macmillan Pass Project is the second property in the eastern TTB and is located adjacent to the Snowline properties. A three-week reconnaissance exploration program will be conducted by experienced prospectors and geologists headed by Jodie Gibson, P.Geo., Yukon Prospectors Association’s Prospector of the Year in 2020. The team will conduct prospecting, mapping, and sampling to follow up on prospective areas around intrusions, geochemical soil anomalies, and geophysical signatures indicative of potential gold mineralization.

While the primary focus of the 2023 season for Fireweed remains firmly on a ~CAD 20 Million drill program focused on step-out drilling of zinc-lead-silver zones at Tom, Jason, and Boundary, this CAD 250,000 reconnaissance greenfields gold program will serve to systematically test gold anomalies and utilize reduced intrusion-related gold exploration models that were not the prime focus of the previous wave of Carlin-style gold prospecting.