Fireweed Metals Corp. announced that it has completed a 40 line-km, three-week long, low-impact ground gravity survey at Gayna in 2023. The survey provided infill coverage of the 2022 grid covered targets A, B, C, F, and L (Maps 3 and 4); and expanded the grid to cover more reef-margin targets.

Gravity anomalies identified at Gayna may similar be associated with potential zinc-lead sulphide bodies relatively close to surface. Cross section A-A: Gravity highs coincident with both shallowly-buried margins of the reef and with high magnitude anomalies associated with the "A" and "F" showings. Cross section B-B: gravity high coincident with shallowly-buried, reef-margin.

The Gayna Project is located in the Mackenzie Mountains, Northwest Territories, within the Gwich'in Settlement Area, the Sahtu Settlement Area, and the asserted territory of the First Nation of Na-Cho Nyak Dun. The project is in Canada, approximately 180 km West of Norman Wells, NWT, 180 km north of Fireweed's Macpass project, Yukon, and 150 km SW of the winter road between Fort Good Hope and Norman Wells, NWT. This steep reef margin geometry at Gayna was not tested by historical, sub-vertical drill holes, which targeted sub-horizontal, shallowly dipping mineralization.

The gravity geophysics work from 2022 shows compelling gravity targets, and the data generated in the 2023 gravity program will guide future drilling programs to test these anomalies using inclined drillholes.io Tinto completed over 28,000 m of exploration drilling at Gayna in the 1970's to test targets identified by prospecting or soil geochemistry, and to test stratiform targets with a grid drilling approach utilizing vertical holes on a square grid with an average spacing of 600 m between holes. Given the vertical holes and the wide historic drill grid spacing, these drill programs left the concept of subvertical bodies of massive sulphide mineralization untested. The Project was staked by Fireweed in 2022 to test the new exploration concept that Kipushi-style, high-grade massive sulphide may be present at Gayna.

A ground gravity survey, an airborne LiDAR survey, and an orthophoto survey were carried out in 2022 to acquire high-quality geophysical data using modern technology and practices. The results of the 2022 gravity program delineated several gravity-high anomalies over the inferred position of the reef-margins. Fireweed is well-funded, with a strong current cash position and has just completed its largest ever exploration program.

Fireweed cautions that the presence of gravity anomalies at the Gayna Project described in this news release or the comparison of the geology of the Gayna project to the geology of the Kipushi Mine do not guarantee that massive sulphides, or any other zinc or lead mineralization yet to be discovered, exists on the Gayna claims. Fireweed makes no assurance that additional exploration will result in the discovery of any mineralization, the definition of an Exploration Target, or the definition of a Mineral Resource on the Gayna Project.