MACMILLAN PASS PROJECT: ADVANCING A WORLD˜CLASS … · MACMILLAN PASS PROJECT TSX-V: FWZ MACMILLAN...

2
TSX-V: FWZ WWW.FIREWEEDZINC.COM MACMILLAN PASS PROJECT: ADVANCING A WORLD-CLASS ZINC-LEAD-SILVER ASSET Fireweed Zinc Ltd. is focused on the Macmillan Pass Zinc-Lead-Silver Project. Located in mining-friendly Yukon Territory, Canada, it is one of the world’s largest undeveloped zinc resources. KEY VALUE DRIVERS FULLY FUNDED: Completed $5M financing in February 2019 STRONG PARTNERS: Recent funding from Teck Resources Ltd HIGH-GRADE : Summer 2018 showed resource expansion potential including a step-out intersection of 21.1% Zinc, 13.5% Lead and 243 g/t Silver over 16.4m DISTRICT POTENTIAL: 540sq-km land package is host to 4 mineralized systems with evidence of additional more along prospective horizons MANAGEMENT: Fireweed is led by an expert team of explorers and developers with deep roots in Yukon Territory TIGHT STRUCTURE: Purpose-built from an IPO, Fireweed has maintained its tight share structure with significant management ownership and strong backers including major mining companies and private-equity funds BOARD OF DIRECTORS JOHN ROBINS - Executive Chairman & Director BRANDON MACDONALD - CEO & Director GEORGE GORZYNSKI - Executive VP & Director RICHARD HAJDUKIEWICZ - Director DAN ROGNESS - Director ADRIAN ROTHWELL - Director MANAGEMENT GILLES DESSUREAU - V.P. Exploration JACK MILTON - Chief Geologist JILL MOORE - Permitting Manager NEIL MACRAE - Investor Relations Manager SHARE STRUCTURE Issued & Outstanding Options 37,152,254 Agent’s Warrants 662,744 2,445,000 Performance Shares 4,000,000 Fully Diluted 44,259,998 Management 19% Teck 10% Hudbay 10% Resource Capital Funds 13% Other Funds 6% Close Associates 24% Other 18% OWNERSHIP The following statements are required by Canadian securities legislation: PEA Cautionary Note: Readers are cautioned that the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Additional work is needed to upgrade these mineral resources to mineral reserves. Forward-Looking Statements This news release contains “forward-looking” statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company 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 oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus dated May 9, 2017 and filed under the Company’s profile on SEDAR at www.sedar.com. 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. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law. 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. Leon McGarry, P.Geo., Senior Resource Geologist for CSA Global Canada Geosciences Ltd. is independent of Fireweed Zinc Ltd. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. McGarry is responsible for the Mineral Resource Estimate and directly related information in this presentation. Michael Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed Zinc Ltd. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. Makarenko is responsible for the PEA results and directly related information in this presentation.

Transcript of MACMILLAN PASS PROJECT: ADVANCING A WORLD˜CLASS … · MACMILLAN PASS PROJECT TSX-V: FWZ MACMILLAN...

YUKONTERRITORY

MACMILLAN PASS PROJECT

TSX-V: FWZWWW.FIREWEEDZINC.COM

MACMILLAN PASS PROJECT: ADVANCING A WORLD-CLASS ZINC-LEAD-SILVER ASSETFireweed Zinc Ltd. is focused on the Macmillan Pass Zinc-Lead-Silver Project. Located in mining-friendly Yukon Territory, Canada, it is one of the world’s largest undeveloped zinc resources.

KEY VALUE DRIVERSFULLY FUNDED: Completed $5M �nancing in February 2019STRONG PARTNERS: Recent funding from Teck Resources LtdHIGH-GRADE : Summer 2018 showed resource expansion potential including a step-out

intersection of 21.1% Zinc, 13.5% Lead and 243 g/t Silver over 16.4mDISTRICT POTENTIAL: 540sq-km land package is host to 4 mineralized systems with evidence of

additional more along prospective horizonsMANAGEMENT: Fireweed is led by an expert team of explorers and developers with deep

roots in Yukon TerritoryTIGHT STRUCTURE: Purpose-built from an IPO, Fireweed has maintained its tight share structure

with signi�cant management ownership and strong backers including major mining companies and private-equity funds

BOARD OF DIRECTORSJOHN ROBINS - Executive Chairman & DirectorBRANDON MACDONALD - CEO & DirectorGEORGE GORZYNSKI - Executive VP & DirectorRICHARD HAJDUKIEWICZ - DirectorDAN ROGNESS - DirectorADRIAN ROTHWELL - Director

MANAGEMENT GILLES DESSUREAU - V.P. ExplorationJACK MILTON - Chief GeologistJILL MOORE - Permitting ManagerNEIL MACRAE - Investor Relations Manager

SHARE STRUCTUREIssued & Outstanding

Options

37,152,254

Agent’s Warrants 662,744

2,445,000

Performance Shares 4,000,000

Fully Diluted 44,259,998

Management19%

Teck10%

Hudbay10%

Resource Capital Funds

13%

Other Funds

6%

Close Associates

24%

Other18%

OWNERSHIP

The following statements are required by Canadian securities legislation:

PEA Cautionary Note: Readers are cautioned that the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Additional work is needed to upgrade these mineral resources to mineral reserves.

Forward-Looking StatementsThis news release contains “forward-looking” statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company 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 oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus dated May 9, 2017 and filed under the Company’s profile on SEDAR at www.sedar.com. 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. The Company does not undertake to update forward�looking statements or forward�looking information, except as required by law.

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. Leon McGarry, P.Geo., Senior Resource Geologist for CSA Global Canada Geosciences Ltd. is independent of Fireweed Zinc Ltd. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. McGarry is responsible for the Mineral Resource Estimate and directly related information in this presentation. Michael Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed Zinc Ltd. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. Makarenko is responsible for the PEA results and directly related information in this presentation.

#1020-800 West Pender Street, Vancouver, BC, Canada V6C 2V6 Tel: (604) 646-8360 Email: info@�reweedzinc.com

TSX-V: FWZMarch 2019

EXCELLENT UPSIDE POTENTIAL 2018 Resource includes only Tom & Jason, not End

Zone or Boundary Zone, both of which show signi�cant upside

Excellent potential for resource expansion along trend and at depth in all zones

Much of the large land package remains little explored using modern exploration techniques

Results from 2018 program revealed coincident geochemical and geophysical signatures of additional mineralized systems in the “Fertile Corridor”

Natural spatial periodicity of deposits suggests there maybe one or more deposits between End-Zone and Boundary Zone along the prospective horizon

K-Anomaly represents continuation for trend from Tom > Jason > End Zone with a strong magnetic, gravity and geochemical response and may be the �rst of the “missing” deposits along the “Fertile Corridor”

GLOBALLY SIGNIFICANT RESOURCE Macmillan Pass is among the biggest in the world (>4Mt Zn+Pb)

Admiral Bay

Angouran

Boleslaw

Dugald River

Gamsberg

Macmillan Pass

McArthur River

Oggero

Ozernoye

Rammelsberg

Rampura Agucha

Red Dog

Reward

Shalkiya

Sindesar KhurdTaylor

Zawar Group

0

5

10

15

20

25

30

35

40

0 50 100 150 200 250

Lorem ipsum

Zn+P

b G

rade

(%)

M&I+I Resource (Mt)

*See Fireweed news release dated January 10, 2018 for background information and QP statement. Brandon Macdonald, P.Geo, a ‘Quali�ed Person’ as de�ned under NI43-101, is responsible for the technical information in this Factsheet other than the Mineral Resource.

2018 MACMILLAN PASS RESOURCE CALCULATIONCategory Tonnes (Mt) ZnEq % Zn % Pb % Ag g/t B lbs Zn B lbs Pb MOz Ag

Indicated 11.21 9.61 6.59 2.48 21.33 1.63 0.61 7.69

Inferred 39.47 10.00 5.84 3.14 38.15 5.08 2.73 48.41