Firefox GOLD Acquires 984 Square Km IN Kierinki Schist Bel T – an Emerging GOLD Region IN Finland
FIREFOX GOLD ACQUIRES 984 SQUARE KM IN KIERINKI SCHIST BEL T – AN EMERGING GOLD
REGION IN FINLAND
VANCOUVER, BC – (August 19, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report
that it has incorporated two new tenement blocks, collectively called the Kierinki Project (“Kierinki” or “the
Project”) into its gold exploration portfolio in central Lapland, Finland. The Project covers 983.9 km2 (98,390
hectares) in the Kierinki Schist Belt and demonstrates geologic potential to host orogenic gold deposits but
has never been the focus of detailed exploration. The Project blocks are situated less than 30 km from the
Company’s portfolio of over 500 km2 of gold projects in the Central Lapland Greenstone Belt.
“The addition of these two new large tenement blocks gives FireFox a dominant foothold in the Kierinki Schist
Belt,” commented Carl Lo fberg, CEO of FireFox. “Not only does this region host several prominent gold
anomalies, but the Kierinki Schist Belt also exhibits similarities to other schist belts that host high-grade gold
occurrences. Despite this, the region has been totally over-looked with respect to gold exploration. We are very
excited to begin prospecting the tenements later this field season,” added Mr. Lo fberg.
FireFox also wishes to report that the Company will initiate a Phase 2 drill campaign at its Mustaja rvi Gold
Project in September 2019. The campaign will consist of 5 to 7 drill holes, each of 200-300 metres depth.
Drilling will target the continuation of the high -grade zone that was discovered during the Phase 1 drill
campaign in 2018 , as highlighted by a 2 metre interval that assayed 45.1 g/t gold , including 0.5 metres
grading 73.7 g/t gold (see FF press release dated January 21, 2019 ). In addition, numerous IP (Induced
Polarization) targets identified in the 2018 field season will be targeted in the Phase 2 drill campaign (see
FireFox press release dated September 25, 2018).
Kierinki Project Geology Overview
The newly granted exploration reservation notification for the two new tenement blocks covers the majority
of the Kierinki Schist Belt, a Paleoproterozoic-aged volcano-sedimentary belt adjacent to the Central Lapland
Granitoid Complex. The belt consists mainly of quartzites and sandstones together with minor mafic volcanic
rocks. The whole rock package has been metamorphosed to low-pressure amphibolite facies.
The belt bears similarities to the northern part s of the Pera pohja Schist Belt – more specifically with the
Rompas-Rajapalot area, where bonanza-grade gold occurrences have been discovered. Rompas-Rajapalot is
located about 50 km south of Kierinki.
The Kierinki Schist Belt is one of the least studied schist belts in northern Finland. The area was first
highlighted by the government-sponsored Nordkalott Project in the late 1980´s, when one of the strongest
gold-in-till anomalies in Northern Fenn oscandia was recorded. In spite of such observations, the Kierinki
area has only seen reconnaissance studies by the Geological Survey of Finland and has never before been
explored in detail. The results of these reconnaissance studies suggest that the Kierinki Schist Belt shares the
geochemical characteristics of the Rompas-Rajapalot area to the south, characterized by high gold and cobalt.
The geochemical anomalies at Kierinki are also similar to mineralization associated with the Sirkka Shear
Zone in the north, where there is an association between gold and tellurium.
Importantly, these early studies also indicated that in samples from the Kierinki region, gold likely occurred
as free gold, suggesting it was likely derived from weathering of quartz veins . The g eochemical gold
anomalies at Kierinki are associated with the faulted boundaries of structural blocks where the dominant
structural grain is evidenced by major faults striking generally NNE or NNW . This sort of structural control
suggests the potential to host orogenic gold deposits in the area. [The foregoing studies were reviewed by
the Company but predate the guidelines of National Instrument 43 -101 Standards of Disclosure for Mineral
Projects and the Company has not yet done the work necessary to verify any of this information. These
historical results should not be relied upon although the Company is of the opinion that these results are
relevant to an understanding of the potential for the tenements and the area in general.]
The FireFox team intends to initiate prospecting of the region later this field season.
Quality Assurance
Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National
Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection
and interpretation of the technical data generated in the Company ’s field program and has helped prepare
and approves the technical information in this news release.
Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a
qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare and approves
the technical information in this news release.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company
is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over
150,000 hectares of prospective ground.
Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top -10
rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and 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 Finland based CEO and technical team.
For more information concerning the Company, please refer to the Company’s profile on the SEDAR website
at www.sedar.com.
On behalf of the Board of Directors,
“Carl Lo fberg”
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: 604-558-7687
Forward Looking Statements
The information in this news release contains forward looking statements that 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 looki ng statements. Factors that could cause such differences include: changes in world commodity
markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and
changes to regulations affecting the mining indust ry. Forward -looking statements in this release may include
statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although
we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-
looking statements contained in this press release represent the expectations of FireFox as of the date of this press
release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-
looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update
this information at any particular time except as required in accordance with applicable laws.
It should also be n oted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold
mines or active gold projects being advanced by other companies, t he mineralization on properties nearby FireFox ’s
land packages is not necessarily indicative of mineralization on FireFox’s properties.