Fireweed Zinc CEO: Macmillan Pass Resource Almost Doubled in Upgraded Estimate

TL;DR

Fireweeds Inc., a zinc mining company in the Yukon Territory, experiences substantial growth in their mineral resource, leading to plans for a preliminary economic assessment and future exploration.

Transcript

my name is Brandon McDonald I am CEO and director of fire weeds Inc how far we think is a relatively new company we were formed late 2016 in went public in 2017 and we were in public around the McMillan Pass project located in Yukon Territory this is a zinc led silver said X deposit that is one of the larger on developing projects in the world Yuko... Read More

Key Insights

• 🤪 Fireweeds Inc. is a newly formed company that went public in 2017 and is focused on the McMillan Pass project in the Yukon Territory.
• 📽️ The Yukon Territory is known for its productive zinc mining jurisdiction and contains several famous zinc mines and projects.
• 🥺 Fireweeds Inc.'s drilling program and reinterpretation of past work led to a significant increase in their mineral resource.
• 🦮 The company plans to conduct a preliminary economic assessment to determine the project's feasibility and guide future activities.

Questions & Answers

Q: What is the significance of Fireweeds Inc.'s McMillan Pass project?

The McMillan Pass project is significant as it is one of the largest developing zinc-led-silver deposits in the world and is located in the highly productive zinc mining jurisdiction of Yukon Territory.

Q: How did Fireweeds Inc. increase their mineral resource size?

Fireweeds Inc. expanded their mineral resource through a 2200 meter drill program and the reinterpretation of past work, which allowed them to identify and expand the mineralized horizon.

Q: What are Fireweeds Inc.'s plans for the future?

Fireweeds Inc. plans to conduct a preliminary economic assessment based on their updated resource statement in order to determine the project's economics. They will also continue exploring their large land package for additional resource potential.

Q: What is the significance of the upcoming preliminary economic assessment for Fireweeds Inc.?

The preliminary economic assessment will provide investors with an understanding of the project's economics, guiding future activities and determining areas for resource expansion.

Summary & Key Takeaways

• Fireweeds Inc. is a relatively new company that went public in 2017 and is focused on the McMillan Pass project in the Yukon Territory.

• They conducted a drill program and regional exploration in 2017, resulting in an expanded mineral resource compared to previous years.

• The company plans to conduct a preliminary economic assessment to determine the project's feasibility and will also explore additional areas for potential resource expansion.