Fireweed Completes Geophysical Survey At The Gayna Project, NWT

5 October 2023

OCTOBER 5, 2023

Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce it has completed a geophysical survey on its Gayna Project (zinc-lead-silver-gallium-germanium) (“Gayna” or “the Project”), in the Northwest Territories, Canada (Map 1).

Highlights

  • Exploration is targeting reef margin high-grade massive sulphide mineralization using a ground gravity geophysical survey.
  • The 2022 geophysical program identified two broad areas with gravity anomalies consistent with Kipushi-style targets.
  • The 2023 gravity survey aims to expand the gravity coverage to identify new anomalies, and to refine existing anomalies for future drill-testing.

CEO Statement

Brandon Macdonald, CEO, stated “We are very excited to continue work on Gayna; the new interpretations of historical data combined with our geophysical and geochemical surveys show that the Project has significant potential to host a similar style of mineralization to the world?class Kipushi deposit. With recent surface samples showing high-grade zinc (Zn) and lead (Pb), the 2023 survey work will allow higher resolution definition of targets in preparation for future drill testing.”

2023 Geophysical Survey

Crews completed a three-week long, low-impact ground gravity survey at Gayna. The survey provided infill coverage of the 2022 grid; covered targets A, B, C, F, and L (Map 4); and expanded the grid to cover more reef-margin targets.

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