FireFox Gold Confirms Near-Surface High-Grade Gold Zone in Drilling at Mustajärvi Project and Reports Final Results from First Drill Program at Sarvi Project
FireFox Gold Confirms Near-Surface High-Grade Gold Zone in
Drilling at Mustajärvi Project and Reports Final Results from First
Drill Program at Sarvi Project
SODANKYLÄ, FINLAND / ACCESSWIRE / July 13, 2022 / FireFox Gold Corp.
(TSX.V:FFOX)(OTCQB:FFOXF)("FireFox" or the "Company") is excited to report additional
results from its 2022 core drilling program at the Company's 100%-held Mustajärvi Gold Project
in Lapland, Finland. Four holes returned significant near-surface, high-grade gold mineralization,
highlighted by hole 22MJ006 in the East Target that returned a 13.85-metre interval averaging
14.39 g/t gold. Expressed in terms of grade-thickness, this interval measures 199 gram-meters of
gold, the strongest mineralized interval yet drilled at Mustajärvi (see Table 1 below, and Figure
1: https://bit.ly/3PFJ3ID).
The details of several key drill intercepts are highlighted below:
• 22MJ006: 13.85m at 14.39 g/t Au from 24.2m depth, including
o 5.65m at 25.02 g/t Au; including
o 1.0m at 59.70 g/t Au
• 22MJ006: 2.0m at 4.30 g/t Au from 11.0m depth
• 22MJ005: 2.1m at 8.26 g/t Au from 33.6m depth, including
o 1.15m at 12.53 g/t Au
• 22MJ005: 0.8m at 65.28 g/t Au from 57.0m depth
• 22MJ011: 8.1m at 3.03 g/t Au from 7.9m depth
• 22MJ011: 2.0m at 5.11 g/t Au from 31.0m depth
FireFox also reports results from seven additional drill holes in the first drill program at the Sarvi
Project. There were no significant gold intercepts encountered in those holes, but work is
ongoing to interpret those data and develop targets for the next round of drilling on the large
property that adjoins Rupert Resources' Area 1 discovery.
"These results continue to highlight the high-grade gold potential at Mustajärvi," commented
Carl Löfberg, President of FireFox Gold. "Gold mineralization intersected at the East Target
starts immediately below shallow overburden and is characterized by multiple high-grade gold
intervals that remain open at depth and along strike. We are still awaiting results from two more
holes in the area, as well as new tests of the Gabbro Target and Central Zone."
So far this year, 19 diamond drill holes, totalling 2,930 metres have been completed at
Mustajärvi testing the East Target, the Gabbro Target and the Central Zone. The results reported
herein are from the East Target and results are pending from seven additional holes, including
those testing the Gabbro Target, the Central Zone extensions and the last two drill holes from the
East Target.
Mustajärvi Project and Drill Program Details
The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä,
approximately 17 kilometres east of Kittilä. The property straddles the Mustajärvi Shear Zone
(MSZ), a major right-lateral shear zone that has associated second and third-order structures
which further dissect the project into separate structural zones. The Sodankylä Group rocks,
which are primarily to the north of the shear zone in the footwall, include metamorphosed
sedimentary and volcaniclastic rocks. Geophysics and drilling have identified an extensive
corridor of albite - sericite alteration in the footwall along more than two kilometres of the
structure. The project remains at an early stage as FireFox and predecessor companies have
drilled approximately 11,644 metres to date.
FireFox's structural model identified repetitive dilatant zones along the MSZ where vein swarms
and higher-grade gold are concentrated. Three main areas of gold mineralization have been
identified along a 2.1-kilometre segment of the MSZ, namely the Central Zone, the Northeast
Target, and the East Target. Four holes had previously been drilled into the East Target, with all
four intersecting gold (see FireFox news releases dated August 17, 2021, January 25, 2022 and
April 5, 2022). The Company drilled ten holes into the East Target during the recent program
concluded in May (See Figure 1). Complete assays on these six holes were received by the
Company on July 10, 2022, and assays are still pending from two holes in the area. Four of the
recent holes returned significant gold intervals, as shown in Table 1, and summarized below.
Drill holes 22MJ005, 22MJ006, and 22MJ011 were designed to follow up on results reported
from 21MJ015 in January 2022, including 2.45m at 7.97 g/t Au, 1.0m at 11.04 g/t Au, and 1.0m
at 7.62 g/t Au - all of which were at less than 50m depth below surface.
Drill hole 22MJ005 was collared in thin glacial sediments overlying intensely altered
intermediate volcanic tuffites. It intersected multiple near-surface gold mineralized intervals. The
gold is associated with fractures and impregnation of partially oxidized pyrite along these
fractures, forming blebs, nests, semi-massive and disseminated mineralization within the host
rock. The interval also includes the more typical quartz-carbonate-tourmaline-pyrite (QCTP)
vein style of mineralization commonly seen at Mustajärvi.
This hole also passed through a zone of altered ultramafic volcanic rocks with fuchsite and
pyrite. This interval was not mineralized with gold, but the presence of highly altered ultramafic
rocks is encouraging based on other gold occurrences in Lapland.
22MJ005 intersected seven intervals of gold mineralization ranging from 0.8 to 3m in length
within the upper 65 metres of the 189-metre-long hole. The shallowest interval started at just
10m down-hole.
Drill hole 22MJ006 extended the near-surface mineralized zone to the north. Mineralization was
similar to that observed in hole 22MJ005, comprised of abundant partially oxidized pyrite in
blebs, nests, semi-massive, massive and disseminated forms with fewer QCTP veins. The host
rocks are highly fractured tuffites of intermediate composition that are pervasively and intensely
altered by albite. Three intervals of significant gold mineralization were returned from the upper
45m of the 71-metre-deep hole. The shallowest interval started at 11m down-hole, immediately
beneath a thin veneer of glacial sediments.
The high-grade gold mineralization is associated with strong bismuth (Bi), tellurium (Te), and
molybdenum (Mo). There are visible blebs and stringers of molybdenite in the interval with
concentrations up to 200 ppm Mo. In addition, the pyrite mineralization in this area is enriched in
nickel (Ni) and cobalt (Co). Hole 22MJ006 had two intervals of cobalt mineralization within the
high-grade gold zone: 1.85m averaging 0.16% Co from 24.15m and 0.36% Co over 3.8m from
26m depth, including 1.0m at 0.50% Co.
Drill hole 22MJ007 is the easternmost hole in the new East Target, located about 100m NE
from drill hole 22MJ005. Drilling started in shallow glacial sediments (approximately 7m) and
passed into intermediate tuffites. The alteration and chemistry of the narrow intercepts in this
hole are similar to the other East Target gold zones, but most of the gold is deeper than the holes
to the west. Nevertheless, these intercepts extend the strike of high-grade gold (>5 g/t) to more
than 2.1 km along the MSZ.
Drill hole 22MJ011 was collared in shallow glacial cover (approximately 7m) over intermediate
tuffs. The hole intersected three near surface intervals of gold mineralization similar in character
to the other holes in the East Target. The drill hole was terminated at 33m within semi-massive
pyrite mineralization that assayed 8.08 g/t Au and was strongly enriched in silver, bismuth,
tellurium, selenium, cobalt, nickel, and tungsten.
Hole 22MJ011 was one of several holes in this campaign drilled with a light hybrid drill rig,
which is used primarily for base-of-till drilling but is capable of reaching a maximum depth of
33m when drilling core to support bedrock mapping. Drill holes 22MJ012 and 22MJ020 were
also drilled with the hybrid rig. Hole 22MJ011 was successful at intersecting potentially
significant gold, and therefore, was subsequently twinned and deepened using a larger diamond
drill rig in hole 22MJ018, for which results are pending.
Table 1: Summary of Significant Drill Intercepts
Cut-off Grade 0.5 g/t Au
Drill Hole From (m) To (m) Interval* (m) Au Grade
(g/t)
G-T (g-
m)
22MJ006 11.0 13.0 2.0 4.30 8.6
including 11.0 12.0 1.0 7.01
24.15 38.0 13.85** 14.39 199.3
including 24.15 29.8 5.65** 25.02
including 28.8 29.8 1.0** 59.70
42.0 45.0 3.0 1.30 3.90
22MJ005 10.0 13.0 3.0 2.34 7.0
including 12.3 13.0 0.7 5.23
18.8 21.7 2.9 1.56 4.5
29.6 31.6 2.0 1.79 3.6
33.6 35.7 2.1 8.26 17.4
including 33.6 34.75 1.15** 12.53
43.0 44.0 1.0 2.04 2.0
57.0 57.8 0.8** 65.28 52.2
61.9 65.0 3.1 0.90 2.8
22MJ011 7.9 16.0 8.1 3.03 24.5
27.7 29.2 1.5 2.59 3.9
31.0 33.0 2.0 5.11 10.2
including 32.5 33.0 0.5 8.08
22MJ007 86.2 87.0 0.8 2.02 1.6
91.0 92.0 1.0** 9.54 9.5
* Drilling is believed to be perpendicular to the dip of the mineralization, however true
widths are not yet known and will be confirmed with additional drilling and geological
modelling.
** Selected intervals will be subjected to a 1,000gm screen fire assay protocol designed to
capture coarse gold
The rocks from deeper in these East Target drill holes are strongly sheared and locally
brecciated, exhibiting abundant intense sericitization. Disseminated pyrite in the altered host
rocks is also more common in this newly drilled mineralization, particularly in the deeper
intercepts.
The FireFox team has noted several key differences between the mineralization in the East
Target and the high-grade gold reported in 2021 from the Northeast Target, including:
• Tourmaline is not as abundant in the East Target, possibly preceding main stage gold;
• Gold is most closely associated with pyrite localized by fractures and forming as blebs,
nests semi-massive, and massive forms;
• Disseminated pyrite is more common in the East Target, with or without significant gold;
• Altered ultramafic rocks with fuchsite and pyrite occur close to the gold in the East
Target (and the Central Zone), but the ultramafic rocks have not yet been observed at the
Northeast Target; and
• Fluorite is associated with gold in both zones, but the fluorite at the East Target tends to
be below the high-grade gold, whereas it always occurs above the high-grade QCTP
veins in the Northeast Target.
The table below summarizes the location information for the 2022 Mustajärvi East Target drill
holes.
Table 2: Mustajärvi East Target 2022 Collar Information(coordinates presented in
EPSG:3067).
Drill Hole Easting Northing
Azimuth
(°)
Plunge
(°)
Final
Depth (m) Status
22MJ003 429080 7501043 140 65 19.85 Reported
Earlier
22MJ005 429109 7501027 320 80 189 Reported
Here
22MJ006 429109 7501027 320 45 71.3 Reported
Here
22MJ007 429197 7501085 320 45 143.1 Reported
Here
22MJ010 429061 7501037 140 80 19.55 Reported
Here
22MJ011 429088 7501029 140 80 33 Reported
Here
22MJ012 429069 7501059 90 10.8 Reported
Here
22MJ017 429154 7501012 320 45 169.6 Assays
Pending
22MJ018 429088 7501029 140 80 125.3 Assays
Pending
22MJ020 429121 7501037 140 80 16.8 Reported
Here
Sarvi Project Drillholes
FireFox further reports that the first round of drill testing of the Sarvi Project has been
completed. In addition to follow-up of favourable trench results and other targets in the
northwest of the property, several drillholes tested magnetic highs divided by a NE-SW structure
with a corresponding magnetic low. Assays from all 12 holes have now been received, including
the first five which were reported in FireFox news release dated May 27, 2022. No significant
gold intercepts were reported from the most recent seven drill holes, however the program added
considerable information to the geological database that will support continued target delineation
and drilling. Drill collar information for all 12 holes can be found in FireFox news release dated
May 27, 2022.
Methodology & Quality Assurance
The core was transported from the rig to the Company´s core storage facility in Sodankylä,
where FireFox's exploration team conducted the geological and geotechnical logging and
selected the assay intervals. Assay intervals were generally 1 metre but in some circumstances
were modified according to lithological boundaries and other factors. FireFox geologists
maintained chain of custody and sampling procedures according to best industry practice and
with due attention to quality assurance and quality control, including sampling field duplicates
and insertion of certified standard and blank samples.
FireFox team members transported the samples to an ALS sample prep lab in Sodankylä. The
samples were sawed then crushed to -2 mm, split and pulverized into 1kg pulps, before being
shipped to the ALS facility in Rosia Montana, Romania for gold by fire assay of 50 gm aliquots
with AAS finish (method Au-AA24). Samples assaying above 10 g/t gold are automatically re-
assayed by a 50 gm fire assay with gravimetric finish (method Au-GRA22). At FireFox's
request, these overlimit assays were completed in triplicate in order to evaluate the homogeneity
of the gold in the prepared samples. Other elements, altogether 48, were measured after four-acid
digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facility located in Loughrea,
Ireland.
ALS Laboratories is a leading international provider of assay and analytical data to the mining
industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to
ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of
insertion of certificated standard material and blanks into the analytical batches, none of which
showed significant deviations from recommended values in the reported data.
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.
Dr. Sven Hönig, Certified European Geologist (EFG EurGeol Title # 1789) and General
Manager of Exploration for the Company, is a qualified person as defined by National
Instrument 43-101. Dr. Hönig has supervised the field work reported herein and has helped to
prepare 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
Forward Looking Statements
The information herein 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-looking statements. Factors that could cause
such differences include changes in world commodity markets, equity markets, the extent of
work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply
of materials relevant to the mining industry, change in government and changes to regulations
affecting the mining industry.
Forward-looking statements in this release may include statements regarding: the intent to
conduct additional drilling; the belief as to the location of the most prospective gold targets; the
location of targets for future drill programs; and the current and future work program, including
the extent and nature of exploration to be conducted in 2022. Although we believe the
expectations reflected in our forward-looking statements are reasonable, results may vary.
The forward-looking statements contained herein represent the expectations of FireFox as of the
date of dissemination 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.
SOURCE: FireFox Gold Corp