Fireweed Metals Corp CEO Brandon Macdonald joined Steve Darling from Proactive to share news the company has announces a new minerals resource estimate for the Mactung Project located in Yukon and Northwest Territories. The resource was calculated using an historic resource through a process involving relogging, resampling, and a rigorous, modern estimation methodology.
Macdonald telling Proactive the resource, which is estimated at 41.5 Mt Indicated Resource at 0.73% WO3 and 12.2 Mt Inferred Resource at 0.59% WO3, makes Mactung, according to the company, the Largest High-Grade Tungsten Deposit in the World.
The timing of the announcement coincided with the US Department of Defense's recognition of tungsten as a critical mineral. Fireweed Metals Corp. plans to work with the federal government and indigenous leaders to advance the project through the permitting process, with a focus on completing metallurgy studies and publishing an updated economic study in the coming months.
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