Fireweed Identifies Drill Targets at the Gayna Project NWT
Fireweed Metals Ltd., an exploration mining company based in Toronto, is pleased to announce the identification of drill targets at its Gayna Project in the Northwest Territories. The targets were identified through an extensive airborne geophysical survey and supporting geochemical lithogeochemical sampling.
The survey provided high-resolution gravity gradient and electromagnetic data which allowed Fireweed to better understand the geology and structural controls of mineralisation at the Gayna Project. The collected data enabled the company to identify the high-priority drill targets that exist at the project site.
Fireweed has identified two distinct target areas based on the results of the airborne survey. These are the Q1 and R1 zones, which are located in the eastern and western parts of the Gayna property, respectively. At the Q1 zone, Fireweed has identified a more than 10 kilometre long gold-bearing Earth conductor, with coincident gold in stream sediment and in soils. The R1 zone is defined by a 14 kilometre long gold-bearing-magnetic anomaly.
In addition to the survey results, Fireweed has completed detailed geochemical sampling at the Gayna property. The sampling revealed strong copper, zinc and gold along the contacts between felsic and mafic lithologies.
This further confirms the presence of targets for potential drill testing. Fireweed believes that the geochemical results have greatly improved the prospectivity of the project and could lead to the discovery of a new mineral deposit.
Moving forward, Fireweed is continuing to analyze the data from the survey and geochemistry sampling to pinpoint the most valuable drill targets. The company is planning to undertake a Phase One diamond drill program in 2021 to conduct the targeted test the identified targets.
Fireweed is optimistic that the drill program will result in the discovery of valuable ore bodies and open up new opportunities for the project. This could provide the company with the opportunity to expand its operations in the Northwest Territories.
Overall, this is great news for Fireweed and the Gayna Project. With drill targets now identified, Fireweed is one step closer to getting the most out of the Gayna Project and continues to strengthen its position in the region.