Advancing Yukon’s Macmillan Pass Zn-Pb-Ag Project June 2017 TSX-V:FWZ
Cautionary Statements The following statements are required by Canadian securities legislation: Forward-Looking Statements: This presentation may contain certain “forward-looking” statements and information relating to Fireweed Zinc that are based on the beliefs of Fireweed Zinc management, as well as assumptions made by and information currently available to Fireweed Zinc management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Fireweed does not assume the obligation to update any forward-looking statement or forward-looking information except as required by law. *The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimates in this presentation as current resources. The Company has not verified these historical resources and is not treating these historical estimates as current mineral resources. While these estimates were prepared, in accordance with National Instrument 43-101 and the “Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines” in effect at the time (2007), there is no assurance that they are in accordance with current standards and these resource estimates should not be regarded as consistent with current standards or unduly relied upon as such. Fireweed includes these historical estimates in this document for information purposes as they represent material historical data which have previously been publicly disclosed. To Fireweed’s knowledge, the 2007 Technical Report is the most recent resource estimate available regarding the Tom-Jason Project. NI43-101 Qualified Person: Brandon Macdonald P.Geo ,CEO and Director of Fireweed Zinc, and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical information in this presentation. TSX-V:FWZ 2
About Fireweed Zinc Building a New Zinc Company Share Structure • Public Canadian Corporation Issued & Outstanding 17,753,970 headquartered in Vancouver Agent’s Warrants 403,000 • Focused on the Macmillan Pass Project Options 1,380,000 • Signed Definitive Agreement with Hudbay on Tom & Jason Claims in Performance Shares 4,000,000 December 2016 to acquire 100% Fully-Diluted* 23,536,970 • T&J represent a substantial zinc-lead-silver resource with excellent exploration potential and moderate *Excludes final share payment to Hudbay exploration costs • Recently listed on the TSX-V • In conjunction with $4.0M IPO • Trading under the symbol TSX-V:FWZ • 7.86M shares under 3 year decreasing escrow, including all held by management TSX-V:FWZ 3
Management Team John Robins Brandon Macdonald George Gorzynski Executive Chairman & Director CEO & Director Director Director, VPX IMPACT Silver • Founder, Executive Chairman & Current director of NorthIsle Copper & Richard Hajdukiewicz • • Director of Kaminak Gold Corporation Gold Inc, Commander Resources Ltd Director $520M T/O by Goldcorp Ex Macquarie Bank Ex Goldman & Deutsche • • • Current director of Northern Empire BSc Geology UBC, MBA Oxford Dan Rogness • • Resources Corp., Kivalliq Energy University Director Corporation, K2 Gold Corporation, Long history of work in Yukon • Ex Teck Bluestone Resources Inc. including zinc projects • Adrian Rothwell In 2017 Mr. Robin’s companies Originally hails from Ross River, Yukon, • • raised >$100M closest community to Tom & Jason Director Winner of AMEBC’s H.H. “Spud” CEO Kore Mining • • Huestis Award 2008 TSX-V:FWZ 4
The Macmillan Pass Project Building on a Substantial Resource • Located in Yukon, Canada, mining friendly jurisdiction with road access Macmillan Pass via Canol Road Project Location • Contains two known Sedex Deposits • 1951 - Tom discovered by Hudbay • 1974 - Jason found by Ogilvie JV • 2007 - Hudbay acquires Jason, uniting the two properties • ~70,000m of drilling on the two properties since initial discovery • Combined Historical Resource* of • 6.43 Mt Indicated @ 11.5% ZnEq 6.33% Zn, 5.05% Pb, 56.55 g/t Ag • • 25.55 Mt Inferred @ 10.2% ZnEq 6.71% Zn, 3.48% Pb, 33.86 g/t Ag • TSX-V:FWZ 5
Historical Resource Resource from 2007 43-101 Technical Report * Mt Zn % Pb % Ag ZnEq % 1 Tom (Indicated) 4,977,010 6.65 4.36 47.77 11.35 Jason (Indicated) 1,451,220 5.25 7.42 86.68 13.37 Indicated Total 6,428,230 6.33 5.05 56.55 11.81 Tom (Inferred) 13,547,920 6.68 3.10 31.77 10.34 Jason (Inferred) 11,001,150 6.75 3.96 36.42 10.87 Inferred Total 24,549,070 6.71 3.48 33.86 10.38 1. ZnEq (zinc equivalent) does not include recovery or payables and is based on metal prices at 2017-06-12 * Taken from “Technical Report on the Tom and Jason Deposits, Yukon Territory, Canada” written by Scott-Wilson RPA for Hudbay Minerals in 2007 and available on SEDAR. A qualified person has not done sufficient work to classify these historical estimates as current resources. The Company has not verified these historical resources and is not treating these historical estimates as current mineral resources. While these estimates were prepared, in accordance with National Instrument 43-101 and the “CIM Guidelines” in effect at the time (2007), there is no assurance that they are in accordance with current standards and these resource estimates should not be regarded as consistent with current standards or unduly relied upon as such. Fireweed includes these historical estimates in this document for information purposes as they represent material historical data which have previously been publicly disclosed. TSX-V:FWZ 6
Land Position Substantial Land Holdings • Together the Tom & Jason claims cover a large area of 5,159 Ha Tom Deposit • Footprint of the deposits is very small compared to property size • Much of the rest of the ground remains poorly explored using modern exploration techniques • Most recent field exploration Jason Deposit programs were more than 25 years ago • Satellite zones (such as the End Zone) are not fully drilled off, if even drilled at all TSX-V:FWZ 7
Mineralization Expansion Excellent Upside Potential Jason Deposits • Significant potential to remain open for expand the known expansion at depth mineralization • Very little deep drilling has been done • Most zones extend to depth • Potential for expansion Tom Deposits remain open for along trend expansion at depth TSX-V:FWZ 8
Exploration Potential Potential for New Discoveries • Focus has largely been on proving up known mineralization • Last exploration program left untested drill targets • Exploration vectors point to new areas of property • Geochemistry (stream sediments, water, soils) • Stratigraphy (basin edge) • Large land package provides ample room for new discoveries TSX-V:FWZ 9
Infrastructure Excellent Access for Exploration & Development • Project is on the government maintained Canol Road, ~200km from Ross River • Macmillan Pass airstrip within property boundary • Overall moderate costs for northern exploration TSX-V:FWZ 10
Camp & Facilities Turnkey for Additional Work • Tom claims have Class 3 permit in place and Type B Water License • Excellent camp installed in 2011 • Internal roads to initial drill sites • Core is on site and well organized TSX-V:FWZ 11
Metallurgy Preliminary Metallurgical Study Conducted in 2012 • Whole-core HQ from 4 holes in 2011, totalling 764 kg from the Tom deposit • Bond ball mill work index of 11.5 kWh/tonne was calculated • Recoveries: • 83% of the Pb and 73% of the Ag in the Pb concentrate • 79% of the Zn and 12% of the Ag in the Zn concentrate • Concentrate results summarized below: Assay % Product Weight % Zn Pb Ag Flotation Feed 100 5.15 3.18 34 Zinc Concentrate 7.0 58.5 1.76 56 Lead Concentrate 3.7 4.23 70.9 673 TSX-V:FWZ 12
Near-Term Corporate Objectives Timeframe Plans 2017 Q3 Commence drill program at T&J • 2000m initial program • Support resource update & metallurgy • Re-log and re-sample historic core • Property mapping, geochemistry and geophysics • Synthesize new exploration model • 2017 Q4 Last of drill results available • Updated 43-101 Resource • 2018 Q2 Preliminary Economic Assessment published • TSX-V:FWZ 13
For More Information, Please Contact: Brandon Macdonald CEO & Director Email: brandon@fireweedzinc.com Phone: +1 604 646 8360 Suite 1020 - 800 West Pender St. Vancouver, BC V6C 2V6 TSX-V:FWZ 14
Recommend
More recommend
