No one talks about zinc, but it’s as important as any metal out there. Zinc is never that exciting, but any time you get a world-class zinc deposit, someone is always interested. Since I first mentioned FWZ, the story has only improved. It has picked up some gold-plated backers in the Lundins, Larry Childress, and Teck Resources. FWZ’s early drilling at its Boundary deposit (within the Macmillan Pass project) is suggestive of the presence of one continuous deposit cored by a feeder zone. Many assays from holes with massive sulphide mineralization are pending, and with 5 rigs going, many more are sure to come. The Macmillan Pass project is already big, but it’s going to get to Huge with that much drilling. FWZ is loaded with cash and just topped up with a flow-through raise at $1.92 per share. At some point I think the company will spin-out its one-of-a-kind Tungsten deposit (Mactung) into a separate company and that’s an interesting asset on its own. And I guess because good things come in threes, FWZ has been the beneficiary of “bonus” market interest on the back of Snowline Gold’s (SGD.V, last at $5.87) drilling success at its intrusion-related-gold project called Rogue in the Yukon. It seems that FWZ’s western claims at Macmillan Pass are in the fairway that is prospective for intrusion-related gold targets, so hey, you never know. After a long time of being Rodney Dangerfield, CEO Brandon Macdonald is finally getting recognized for the unique and world-class deposits he has lassoed in Canada’s can-do Territory. It’s great to see. This one is up on a stick, but as long as the market remains permissive, the trend should be higher. Once FWZ starts reporting drill results on a semi-continuous basis, you can be sure that more eyeballs will turn this way given the pedigree of those behind it.
