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An announcement from Fireweed Zinc ( (TSE:FWZ) ) is now available.
Fireweed Metals has reported encouraging initial results from a major 300-metre step-out drill hole at the Tom South zone on its Macpass Project in Yukon, intersecting 58.3 metres of laminated sulphide mineralization grading 2.33% zinc, 0.04% lead and 1.79 g/t silver, including a higher-grade 5.24-metre interval. The hole, which extends the down-dip step-out distance at Tom South to 415 metres from previous drilling and remains open at depth, was terminated in mineralization due to winter conditions and will be completed in 2026, underpinning Fireweed’s strategy to test for a feeder-style massive sulphide zone and to build scale through both resource expansion at Tom South and regional zinc and gold exploration across multiple Macpass targets.
The most recent analyst rating on (TSE:FWZ) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Fireweed Zinc stock, see the TSE:FWZ Stock Forecast page.
Spark’s Take on TSE:FWZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:FWZ is a Neutral.
The score is held down primarily by pre-revenue operations with large losses and worsening cash burn, despite low leverage. Technicals also lean bearish with price below key moving averages and a negative MACD. Positive corporate updates provide some upside potential, but valuation metrics offer limited support due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:FWZ stock, click here.
More about Fireweed Zinc
Fireweed Metals Corp. is a Canadian mineral exploration company focused on zinc, lead and silver, with its flagship Macpass Project located in the Yukon. The company is advancing large-scale, sediment-hosted base metal deposits, targeting both expansion of existing mineral resources at the Tom and Jason deposits and new regional discoveries across the broader Macpass district, which also includes emerging zinc and gold exploration targets.
Average Trading Volume: 268,595
Technical Sentiment Signal: Buy
Current Market Cap: C$712.8M
Find detailed analytics on FWZ stock on TipRanks’ Stock Analysis page.