Fireweed Zinc – Answering Your Questions On The PEA

May 25, 2018

Vancouver, British Columbia / May 24, 2018 / JMN Wire / Fireweed Zinc (TSX.V: FWZ) has released results of its Preliminary Economic Assessment on the Macmillan Pass Project in the Yukon.

Highlights include a 4,900 tonne per day operation that would process over 32 million tonnes across a 19-year mine life, producing around 85,000 tonnes of zinc annually along with lead and silver.

At an 8% discount rate and using a spot zinc price of US$1.21 per pound, the study reports an after-tax Net Present Value of C$448 million and an Internal Rate of Return of 24%. Estimated pre-production capital expenditures come in at C$404 million, suggesting a payback period timeline of 4 years.

Initial operations would focus on the Tom West and Jason Main zones to reduce up-front capital costs. The Company says that significant upside potential remains as known zones remain open for expansion and numerous exploration targets across a vast land package remain undrilled.

I chat with Brandon Macdonald to answer some of your questions on the details of the PEA, and look ahead to what’s in store for the Fireweed as we move closer to drill season.

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      May 10th, 2018

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        * PEA Highlights:

        – “Average annual production of 77M pounds of zinc, 15M pounds of lead and 437K ounces of silver over a ten year mine life;
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