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Fireweed Zinc ( (TSE:FWZ) ) has shared an update.
Fireweed Metals reported that step-out drill hole TS25-003 at the Tom South zone of its Macpass Project intersected 58.30 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 at 7.80% zinc, before drilling was halted in mineralization due to winter conditions. The hole, located 300 metres down-dip from a previously announced high-grade massive sulphide intersection, extends the 2025 step-out distance at Tom South to 415 metres and confirms that the target remains open at depth, with management planning to resume the hole early in the 2026 field season and to use geological indicators from 2025 results to vector toward potential feeder zones and test the down-dip extent of the deposit, while also advancing regional zinc and gold exploration at other 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 mineral exploration company focused on zinc-lead-silver deposits at its Macpass Project in Yukon, Canada, with additional regional exploration for zinc and gold across multiple targets in the district. The company is advancing step-out drilling at the Tom South zone, where it is targeting stratiform and massive sulphide mineralization to expand its existing mineral resource and assess the district’s larger-scale potential.
Average Trading Volume: 268,595
Technical Sentiment Signal: Buy
Current Market Cap: C$712.8M
Learn more about FWZ stock on TipRanks’ Stock Analysis page.