Positive News From Expanded Southern Targets At Jeesiö Project
FireFox Gold Corp. (TSXV:FFOX) has identified a new extensive gold-bearing structure in the southern part of its Jeesiö Project in northern Finland
Field crews investigated the area to follow-up on anomalous gold from sampling completed in 2019. The highlights of rock chip samples from the summer 2020 programme in this area include boulder samples of 2.6, 2.75, and 4.73 grams per tonne (g/t) gold and outcropping quartz-magnetite-sulphide veins containing 10.5 g/t gold.
Dr. Petri Peltonen, FireFox’s exploration manager, said these higher-grade samples are not representative of the entire target area, but are indications of local intense gold mineralisation that has not yet been tested with trenching or drilling.
This area, termed the Kataja Belt, is at least three km long, and occurs approximately two km west – southwest of the Launi gold target reported by Aurion Resources.
New high-resolution airborne magnetics data indicate that the targets identified to date in the Kataja Belt form a single gold-bearing structure, even though locally deep glacial sediments over the area preclude direct surface sampling in some areas.
The magnetics data further suggest that the Kataja Belt is located within a very complex structural setting, reflected by multiple directions and generations of regional folding and significant through-going faults.
“Interpretation of the new magnetics data indicates that late structures associated with the newly-identified gold showings in our Kataja Belt are likely related to the D3 shear structures known to control the deposition of gold in the region at major deposits such as Agnico’s Kittilä Mine,” Dr Peltonen said.
“Based on the exciting new gold results from the southern part of the Jeesiö Project, FireFox is immediately launching an Induced Polarisation (IP) survey in order to test the depth extent and continuity of the Kataja Belt mineralisation, which will be followed by a bottom-of-till sampling programme.”