MACMILLAN PASS PROJECT

YUKON, CANADA

The Macmillan Pass Project, located in Canada’s mining-friendly Yukon Territory, is a 940 sq km land package host to large zinc-lead-silver deposits. The project is accessible via a 3 km road from the North Canol Road off the Robert Campbell Hwy in the southeast Yukon. The territorial government is highly supportive of the mining industry and the Yukon is one of Canada’s top jurisdictions for new mine developments.

Management’s vision is to create value for our shareholders by building Fireweed into a leading critical metals development and production company through the advancement and development of the Macmillan Pass Project.  The Company has an exceptional veteran management team with a strong track record of successful exploration, development, financing and operation.

43-101 Technical Report

HIGHLIGHTS

  • The January 2018 Mineral Resource Estimate puts Macmillan Pass among the world’s most significant zinc resources.
  • Fireweed’s Macmillan Pass Project includes the Tom, Jason, Boundary Zone & End Zone zinc-lead-silver deposits.
  • The Tom and Jason deposits contain a combined resource* of:
  • 2018 drilling at End Zone intersected high grade zones including 4.78% Zinc, 10.17% Lead, 87g/t Silver over 11.08m
  • The Nidd Property (acquired Nov. 2018) hosts established zinc mineralization in the Boundary Zone where historic drilling included intersections of:
    • 224.0m of 2.5% zinc and 0.3% Pb including 4.5m of 16.4% zinc* demonstrating potential for both bulk tonnage open pit and high-grade underground mineralization.
  • Significant exploration upside remains, including the potential to expand upon historic work and to utilize modern exploration methods in search of new discoveries.
  • Existing camp, road access and a government airstrip are already in place.

LOCATION & CLIMATE

Fireweed’s Macmillan Pass Project is located in the southeast of Canada’s Yukon Territory, approximately 372 km east of the capital city of, Whitehorse. The deposit is accessible from the North Canol Road off the Robert Campbell Hwy. Access to the Tom, Jason, Boundary Zone & End Zone is via networks of location gravel roads.

The government regional Macmillan Pass Airstrip is located on the property within three kilometers of the Tom camp and deposit and is capable of landing 18 passenger aircraft. Flight time to the capital, Whitehorse, is approximately one hour. Other regional airstrips exist, notably the Ross River Airport located one kilometer south of the town of Ross River.

The regional climate is characterized by annual precipitation of 600-700 mm. Mean annual temperatures range from -5 to -8°C. Winters are characterized by relatively dry, cold conditions with mean temperatures of -20°C in January. Summers extreme temperatures would range from -5 to 30°C in valley floors. The wettest months are in July and August with rainfall amounts of 60-90 mm.