FireFox Gold targets the drill on four separate gold targets
FireFox Gold Corp. is pleased to announce that it has begun a new fully funded diamond drilling campaign that will test up to four of the Company’s gold properties in the Central Lapland Greenstone Belt in Finland over the next four months Carl Löfberg , President and CEO of FireFox, commented: “We have focused on executing a systematic exploration plan and it has paid off with four exciting gold mines ready for drilling…
FireFox Gold Corp. (TSXV: FFOX) (OTCQB: FFOXF) (“FireFox” or the “Company”) is pleased to announce that it has begun a new fully funded diamond drilling campaign that will test up to four of the deposits of Company gold. properties in the Central Lapland Greenstone Belt in Finland over the next four months
Carl Löfberg, President and CEO of FireFox, commented: “We have focused on executing a systematic exploration plan and it has paid off with four exciting gold targets ready for drilling this year, including the Sarvi project which we plan to drill for the first time. The potential for significant gold mineralization is high on all of these targets and we look forward to discovering the next deposit… or two, in Lapland.
The drilling program has started on the 100% owned Mustajärvi project, where the recently completed Phase 4 program impacted a high grade gold zone comprising 1.35 meters at 93.88 g / t gold in hole 21MJ001 and 7.69 g / t gold over 16.45 meters in hole 21MJ010 (see press releases from June 17e,2021 and September 9e, 2021). The new work will include up to 2,000 meters targeted primarily in the high grade zone of the northeast target.
The second priority property likely to be tested by drilling before the end of January 2022 is the Sarvi project, 100% owned by FireFox, which adjoins Rupert Resources’ Zone 1 discovery zone. FireFox is currently engaged in a detailed BOT trenching and sampling program at Sarvi. To date, the team has collected 168 chip channels and over 500 BOT samples. This new data will be integrated with previous geophysical data and gold, arsenic and copper anomalies from till and rock sampling to generate priority drill targets (see press release dated 24 auguste, 2021). Drilling at Sarvi will likely progress in phases as targets are better defined based on data still pending from the 2021 trenching and BOT campaigns.
In early November, FireFox plans to move the drilling rig to the Utsamo target area of the Jeesiö project. This area was the subject of a detailed base till sampling program (BOT) in the spring and summer with over 1000 samples collected. The results are now being processed and interpreted to refine final drill targets for the fall campaign, which is expected to include up to 1,000 meters of drilling at Utsamo. If permits, timing and conditions permit, FireFox plans additional exploration holes on the Saittavaara prospect in the southern Kataja belt of the Jeesiö project. This zone was first drilled earlier this year and returned gold mineralization of over 0.9 g / t gold in two of the three holes, including a near surface area of 4.0 m containing an average of 2.03 g / t gold in 21JE002 (see the news release dated August 3rd, 2021).
Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and Director of the Company, is a Qualified Person within the meaning of National Standard 43-101. Mr. Highsmith was involved in the preparation, review and approval of the technical information contained in this press release.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Venture Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the United States under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017, where it has a portfolio of projects that includes more than 80,000 hectares of potential land.
Finland is one of the top mining investment jurisdictions in the world, as indicated by its multiple top 10 rankings in recent surveys by the Fraser Institute of Mining Companies. Having a strong mining law and a long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a CEO and technical team based in Finland.
For more information, please see the Company’s website and profile on the SEDAR website at www.sedar.com.
On behalf of the Board of Directors,
Chief Executive Officer
FireFox Gold Corp.
Email: [email protected]
Phone: + 1-778-938-1994
The information contained in this document contains forward-looking statements which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. . Factors that could cause such differences include: changes in global commodity markets, stock markets, the extent of the work stoppage and the economic impacts that may result from the COVID 19 virus, costs and procurement of materials relevant to the mining industry, change of government and changes in regulations affecting the mining industry.
Forward-looking statements contained in this press release may include statements regarding: the intention to drill additional drilling; belief in the location of the most promising gold targets; the location of targets for future drilling programs; and the current and future work program, including the extent and nature of exploration to be carried out in 2021 – 2022. While we believe that the expectations reflected in our forward-looking statements are reasonable, the results may vary.
The forward-looking statements contained in this document represent FireFox’s expectations as of the date of release and, therefore, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely on such information as of any other date. FireFox does not undertake to update this information at any given time, except as required in accordance with applicable laws.
THE SOURCE: FireFox Gold Corp.
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