FireFox Gold Completes Airborne Magnetics Survey and Moves Forward with Permit Applications at Kolho Property, Lapland, Finland
FireFox Gold Completes Airborne Magnetics Survey and Moves
Forward with Permit Applications at Kolho Property, Lapland,
Finland
SODANKYLÄ, FINLAND / ACCESSWIRE / May 12, 2022 / FireFox Gold
Corp. (TSX.V:FFOX)(OTCQB:FFOXF) ("FireFox" or the "Company") reports that it has
completed a detailed airborne geophysical survey focused on its vast Kolho Property in Lapland,
Finland. This is the third phase of airborne surveying completed over the Company's Northern
Group of properties in the last two years and extends the contiguous coverage of the Company's
detailed magnetics data in the region to more than 250km2 (see Figure
1: https://bit.ly/3L4wyUc). FireFox is also pleased to announce that it is lodging several
applications for exploration permits covering most of the Kolho reservation.
Carl Löfberg, President and CEO of FireFox commented "Our field mapping at the Kolho
property had suggested that it was a structurally complex area with geological analogies to the
settings of the region's multi-million-ounce gold deposits. This magnetics survey has confirmed
structural similarities to both the Kittilä Mine and the Ikkari deposit, and identified new,
previously unmapped structures, all of which provide exciting exploration targets for follow-up
work."
Highlights of the magnetics data from the Kolho area include:
• Similarities, in both in EM and Mag, between the eastern-central Kolho property and the
setting of Rupert Resource's Ikkari deposit (see Figure 2: https://bit.ly/3M5Vlsf); and
• Banded N-S features forming a trend running NW through the Sarvi-Lehto-Kolho
properties show similarities to the Kittilä/Kiistala shear zone (see Figure
3: https://bit.ly/3M8OPRy); and
• New unmapped structures were identified and provide further targets for exploration (e.g.
SE Kolho with isoclinal folding and crosscutting features and/or central Kolho where two
new major structural intersections were interpreted).
Based in part on these new geophysics, combined with data from reconnaissance geological
traverses, mapping, and sampling, FireFox is making application for five separate exploration
permits, which will substantially cover the Kolho exploration reservation and allow for detailed
mechanized work including drilling. The FireFox technical team continues to evaluate the
magnetics data to focus follow-up work planned for 2022-23. Two priority targets have been
identified based on similarities in apparent structure and magnetics to the Ikkari discovery (see
Figure 2: https://bit.ly/3M5Vlsf). Additional targets will be generated in advance of the next
phase of exploration, which is likely to include base-of-till (BoT) sampling that is expected to
commence in the most prospective parts of the Kolho Property late this year.
Airborne Magnetics Survey Details
The recently completed airborne magnetics survey covered more than 100km2 focused mainly on
the Kolho Property in the eastern portion of the Northern Group. Including previous surveys
completed in 2020 and 2021, the Company now has over 250km2 of contiguous magnetics
survey data for the area. The recent work was conducted by the Finnish company Radai, who
have extensive experience in providing geophysical surveying using unmanned aerial vehicles
(UAV). Further structural interpretations for the geophysical survey data were conducted by the
technical team from GoldSpot Discoveries Corp. (TSX.V: SPOT).
The Kolho Property is comprised of a vast area along a major geologic break - the eastern
contact between the Kittilä suite and Savukoski group rocks. This contact is a major thrust
verging to the east, towards the Sodankylä group quartzites and the Archean Pomokaira complex
(granodiorites and tonalite gneisses). This contact zone forms a 23-kilometer-long thrust zone,
which the Kolho Property straddles.
The Kittilä suite rocks are bordered by the Sodankylä and Savukoski group rocks in the east, and
elsewhere by various types of granitoids. The Kittilä suite comprises volcano-sedimentary
remnants of an oceanic island arc and an ophiolitic rim obducted onto passive margin terranes
later intruded by post collisional granites. The Kolho Property is structurally complex and hosts a
lithologic package analogous to that seen at Rupert Resources' Area 1, which is a high-priority
exploration model for all Lapland explorers.
Further data interpretation revealed multiple areas where these prospective lithologies are either
significantly folded or cross-cut by several proposed structures. The more detailed data also
revealed previously unmapped structures in the area.
QP Statement
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, reviewed, and approved, 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.
FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol
FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge
portfolio 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, please refer to the Company's website and profile on the SEDAR website
at www.sedar.com.
On behalf of the Board of Directors,
"Carl Löfberg"
Chief Executive Officer
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: +1-778-938-1994
SOURCE: FireFox Gold Corp.