Location & History
The Gayna River Project is located in the Mackenzie Mountains, Northwest Territories, (see Map 1) within the Gwich’in Settlement Area, the Sahtu Settlement Area, and the asserted territory of the First Nation of Na-Cho Nyäk Dun. The project is in Canada, approximately 180 km West of Norman Wells, NWT, 180 km north of the Macmillan Pass project, Yukon, and 150 km SW of the winter road between Fort Good Hope and Norman Wells, NWT. Abundant zinc-lead-silver mineralization was discovered at Gayna River in the 1970s and Rio Tinto drilled over 28,000 m in the late 1970s resulting in a large tonnage exploration target.
Rio Tinto allowed the claims to lapse believing there was low potential for a high-grade deposit at Gayna River. A recent shift in thinking behind the geological model for Gayna River shows potential for high-grade massive sulphide zones within areas that were not tested by Rio Tinto. Fireweed has acquired 100% of the Gayna River project at very-low cost by staking an area of 12,875 hectares (128.75 square kilometers) covering all the historic showings and anomalies.