Fireweed Intersects Zinc Mineralization at Gayna
Summary
Hole GR25-009 from 224.03 m downhole: 2.00 m of 9.29% Zn, and 5.29 m of 2.02% Zn.Ian Gibbs, President and CEO, stated, Our first season of drilling at Gayna successfully intersected significant zinc and lead mineralization at the Intrepid target, validating the prospectivity of the project. The 2025 program totaled approximately 3,800 m and tested a new exploration model targeting steeply dipping Zn-Pb-Ag sulphide mineralization hosted within Neoproterozoic reef margins. Drilling has advanced Fireweeds understanding of the geological system and confirmed significant mineralization at the Intrepid target, an area interpreted to be directly underneath the mapped contact of the reef margin at surface. Over-limit lead (>1.0%) and zinc (>1.0%) were analyzed with an Aqua Regia digest followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) (ALS Code ME-OG46). Important factors that could cause actual results to differ materially from the Companys expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Companys 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 oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events.