Fireweed Metals Corp (FWEDF)

[douginil]

Fireweed Zinc Acquires Mactung Tungsten Project Expands Critical Minerals Portfolio

June 7, 2022

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce the signing of a binding Letter of Intent (LOI) for the acquisition of 100% interest in the Mactung Tungsten Project located in Yukon and Northwest Territories, Canada, immediately adjacent to its Macmillan Pass Zinc-Lead-Silver Project.

Highlights:

- Mactung is one of the largest and highest-grade tungsten deposits in the world and one of the few potential sources of scale for this critical metal outside of China.
- Approximately 38,000 m of historic drilling1 outlined a large, high-grade tungsten resource and produced a positive historic feasibility study2.
- Mactung is located within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun, and the Sahtú Settlement Area.
- Fireweed hold a right to a 100% interest in the Mactung project through a binding LOI with the Government of the Northwest Territories (“GNWT”).
- The Mactung deposit is 13 kilometres north of Fireweed’s Tom deposit and is also accessible by the North Canol Highway providing potential for future synergies.


Read more at:
https://mailchi.mp/fireweedzinc/press-release-6095859?e=59d37eddfe