FireFox Gold Expands its Property Position and Commits to Additional Drilling in Northern Finland
FireFox Gold Expands its Property Position and Commits to Additional Drilling
in Northern Finland
VANCOUVER, BC – (November 10th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to
announce that it has secured two new properties near Rupert Resources’ Area 1 targets in the Central
Lapland Greenstone Belt (“CLGB”) of Finland.
Keulakko Property
The 4.78 km2 Keulakkopa a rinne (”Keulakko”) property adjoins the western boundary of the Company´s Sarvi
property and will be incorporated into the Sarvi Project on the northern boundary of Rupert Resources’ Area
1 tenements. Keulakko is located approximately 2km north of the Sirkka Shear Zone and approximately 4km
northwest of Rupert’s Ikkari gold discovery. Bedrock in the Keulakko area consists of mafic volcanic rocks of
the Kautoselka Formation and graphitic tuffs of the Porkonen Formation.
The a rea has seen some historical exploration, including reconnaissance till sampling and diamond core
drilling by the Geological Survey of Finland (“GTK”). The public GTK database indicates that these programs
yielded elevated gold-in-till values and short gold-bearing drill intercepts such as 0.45m @ 3.5 g/t Au and
4.6m @ 0.55 g/t Au. The GTK recommended further work in the area following the positive reconnaissance
results. FireFox has applied for and been granted an exploration reservation for Keulakko, which allows for
non-mechanized exploration work for 2 years, and the exclusive right to apply for an exploration permit. The
Keulakko area was part of FireFox´s detailed UAV magnetic survey during the summer (see Company news
release dated August 26th, 2020).
Lehto2 Property
During the summer of 2020, FireFox geologists conducted significant reconnaissance mapping and sampling
on the Lehto and Kolho properties. After noting significant alteration at Lehto in particular, the Company
applied for additional ground in the area. FireFox has now been granted a n exploration r eservation at a
second new property, Lehto2, which is 23.04 km2 in size and located approximately 5 kilometres north of the
Sarvi Project. Lehto2 includes several blocks that fill some of the gaps between the Company´s Lehto and
Kolho properties (see Company news release dated September 16th, 2020). Lehto2 is within a broadly similar
lithological sequence as Keulakko but also includes banded iron formation (“BIF”) occurrences of up to 200
metre thickness.
Winter Till Sampling and Drilling
Following the completion of the ongoing diamond core drilling program at its Mustaja rvi and Jeesio Projects
(see FireFox news release dated November 3rd, 2020), the Company intends to launch a combined bottom-
of-till (BOT) sampling and scout diamond core drilling program at Jeesio . BOT sampling has been a key
discovery strategy in Lapland for exploring beneath deeper glacial sediments, and Rupert Resources has
employed it to high-profile success at Ikkari. The FireFox team is excited to deploy this new hybrid BOT –
core drilling technology and expects to add significantly to its planned meterage for core drilling during the
winter of 2020 -2021. The drill operator will be experienced service provider Taratest Oy
(https://www.taratest.fi/en/). FireFox intends to continue its BOT - core sampling program to the Sarvi
Project as soon as the requisite exploration permit is granted, which is expected to occur in the first quarter
of 2021. The Sarvi Project adjoins Rupert’s Area 1 to the north.
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 (“NI 43-101”). Dr. Peltonen has supervised
the collection and in terpretation 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 Com pany, is a
qualified person as defined by NI 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
has been exploring for gold in Finland since 2017 where it holds a project portfolio that includes over 170,000
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, 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: +1-778-244-8439
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 current and future work
program, including the extent and nature of exploration to be conducte d in 2020, as well as the planned
drilling meterage on the properties described. 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.