FireFox Gold Drills Further Shallow High-Grade Gold in Finland
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FireFox Gold Drills Further Shallow High-Grade Gold in Finland

byColin Sandell-Hay, Contributor - The Assay
2 months ago
Reading Time: 2 mins read
FireFox Gold Drills Further Shallow High-Grade Gold in Finland

FireFox Gold Corp. (TSXV:FFOX) has obtained further promising results from the successful northern fall 2022 core drilling campaign at the company’s 100%-held Mustajärvi Gold Project in Lapland, Finland.

Drill holes 22MJ024 and 22MJ025 at the East Target both encountered significant near-surface high-grade gold and extended the East Target mineralization to the northwest, southeast, and downdip. These holes were drilled along two different sections separated by 25m. Drill hole 22MJ024 further delineated a western lobe of shallow high-grade gold first discovered in 22MJ022.

“Our drill programme in late 2022 has provided the best evidence yet that Mustajärvi hosts replacement style gold mineralization with the potential for bulk tonnage at excellent grades,” CEO, Carl Löfberg, said.”These most recent holes extend the outstanding results from 22MJ006 and 22MJ021 for at least 20m to the southwest and 15m to the north, while also revealing narrower high-grade structures with vertical continuity. There is plenty of room to grow the East Target in all directions, and our structural model strongly suggests that there is more of this style of mineralization to be found along the +2km strike of the system. We expect to be drilling again at Mustajärvi by April, and we intend to excavate trenches during the summer for initial metallurgical test work.”

These two holes were part of a six-hole programme (977.1m) designed to test a new near-surface high-grade gold zone at the East Target first defined by 22MJ006 and 22MJ018. The first three of the holes also returned high-grade gold assays.

The company says these results are significant because they confirm and expand a volume of near-surface replacement style mineralization with greater continuity than previously realized. The East Target also includes narrow high-grade structures oriented in at least two directions that carry mineralization to greater depths and may be contiguous with the thicker replacement zones.

The final hole of the programme, 22MJ026, was at the Northeast target, the site of numerous high-grade intercepts in 2021 and 2022. It was directed to the northeast, orthogonal to most of the previous drilling in that area, to test for the northwest trending cross structures now known to be important at the East Target.

The FireFox team continues to advance its structural model for Mustajärvi, and the work suggests numerous drill targets based on possible extensions to the northwest, southwest, and south. Multielement analytical data is also still pending for the drilling from late 2022.

For further information please visit: https://www.firefoxgold.com

Tags: ExplorationFinlandGoldPrecious MetalsTSXV:FFOX
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