- Fireweed Metals (FWZ) has started a ground gravity survey at its Gayna River Project
- The recently-acquired project is located in the Northwest Territories.
- The ground gravity geophysical survey is targeting high-grade Kipushi-style massive sulphide mineralization
- The company will also conduct a LiDAR survey, to be flown, which will help the gravity survey
- Fireweed Metals is up 3.64 percent, trading at $0.57 at 12:45 pm ET
Fireweed Metals (FWZ) has started a ground gravity survey at its Gayna River Project.
The recently-acquired project is located in the Northwest Territories.
The ground gravity geophysical survey is targeting high-grade Kipushi-style massive sulphide mineralization.
The Vancouver-based exploration company will also conduct a LiDAR survey, to be flown to aid the gravity survey. It will also create a high-resolution Digital Elevation Model for future work.
The survey will gather data to generate a very high-resolution topographic surface that will be used to assist the gravity survey by allowing the calculation of a high-resolution terrain correction that is necessary for accurate interpretation of the data in areas of rugged relief as well as providing a base map for future exploration work.
Fireweed has also been awarded a government grant to help fund the exploration, significantly reducing the cost of the program. The grant is valued at up to $132,000.
“Back in 2020 when we made a new discovery at Boundary West on our flagship Macmillan Pass project, gravity was a key part of defining the drill target. We are building on the experience that we had in using this exploration tool by applying it to a new search space at our recently acquired Gayna River property where we see the potential to make a new discovery of high-grade massive sulphide mineralization. We are excited to start early-stage work at Gayna River, advancing it in parallel with our portfolio of Critical Minerals projects,” said CEO Brandon Macdonald.
Fireweed Metals is up 3.64 percent, trading at $0.57 at 12:45 pm ET.