The net amounts raised by both types of flow-through shares will be used for exploration expenses in northern Canada.
Fireweed owns 100% of the Macpass zinc, the Mactung tungsten and the Gayna zinc properties in Yukon and Northwest Territories.
The Macpass zinc-lead-silver project may be the largest undeveloped zinc resource in the world. It is located about 200 km from Ross River, Yukon, near the NWT boarder. The property lies within the traditional territories of the Kaska Dena Nation and the First Nation of Na-cho Nyäk Dun.
The Tom and Jason deposits at Macpass are estimated to contain 11.2 million indicated tonnes grading 6.59% zinc, 2.48% lead and 21.33 g/t silver (9.61% zinc equivalent). The inferred resource is 39.5 million tonnes at 5.84% zinc, 3.14% lead and 3.15 g/t silver (10% zinc equivalent).
The Mactung property is adjacent to the Macpass to the northeast and straddles the Yukon-NWT border. Fireweed purchased the…
