FireFox Gold Expands the Mineralized Trend at the Jeesiö Project in Lapland, Finland - New Trench Reveals 14.62 g/t Gold over 2.84 metres at Undrilled Prospect
FireFox Gold Expands the Mineralized Trend at the Jeesiö Project in Lapland, Finland -
New Trench Reveals 14.62 g/t Gold over 2.84 metres at Undrilled Prospect
SODANKYLA , FINLAND – (December 11, 2024) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox”
or the “Company”) reports results from the fall exploration program at its 100% -held Jeesio Project in
Lapland, Finland. During the late summer and fall of 2024, the technical team focused on the southern end of
the Jeesio property, including the prospects KJ Hill, KJ South, and Saittavaara where rock sampling has
repeatedly yielded encouraging results. The current program included limited scale trenching, mapping, and
sampling. The trenching campaign at the KJ Hill prospect exposed a substantial zone of gold-mineralized
quartz veins within a N-S striking deformation zone along the hillside. Channel samples collected from the
vein zone graded 14.62 g/t gold over 2.84 metres, 2.69 g/t gold over 3.38 metres and 1.85 g/t gold over
1.69 metres.
Farther south on the same project, FireFox has expanded the size of the Saittavaara gold prospect with strong
gold results from new surface sampling. The team followed the northwest trending magnetic-low corridor
into zones of strongly sericite -altered and deformed quartzite with abundant iron oxide staining, which
yielded gold values in rock samples of 3.16 g/t, 3.05 g/t, 2.61 g/t, and 2.57 g/t. Th is new gold-rich showing
extends Sait tavaara more than 800 metres from previous sampling to span a trend of more than 1.6
kilometres with significant gold showings.
Carl Lofberg, CEO, commented “There are now several significant gold occurrences over the large Jeesiö Project.
In recent years, we have added detailed ground magnetics across the southern part of the property, and now we
can see the relationship of these gold showings to the NE and NW striking faults, which are important in
controlling gold in this part of Lapland. Our geologists have done great work to persist in their prospecting, and
now we have collected numerous high -grade rock chips from KJ South up to the KJ Hill target – which are
completely undrilled. The team has also expanded the Saittavaara showing another 800m north, well away from
the very limited drilling we did there in 2021 . These new targets are advancing Jeesiö up wards on our list of
priorities.”
Jeesiö Project Program Details
The 100% -controlled Jeesio Project covers approximately 7 1 km2 along one of the major trans -crustal
structures that control the emplacement of numerous orogenic gold deposits in Lapland. The main Jeesio
targets include the Utsamo and Kataja Belt areas. From south to north, the Kataja Belt consists of three gold
prospects: Saittavaara, Katajavaara South (KJ South) and Katajavaara Hill (KJ Hill) spanning at least 3
kilometres. These are apparently related to northeast-trending younger fault zones and to a major left-lateral
fault zone that continues from these three prospects further towards northwest and southeast. The high-
resolution airborne magnetics data reveal multiple generations of folding and faulting across the southern
part of the property (Figure 1).
Figure 1. Magnetics interpretation and target areas on Jeesiö property.
The area of exploration trenching in 2024 is marked with black box.
KJ Hill
The 2024 exploration trenching campaign at Jeesio was focused on the KJ Hill prospect, which is located
approximately 900 metres to the north of KJ South along the trend of a N-S oriented magnetic feature. Along
the eastern slope of the hill, there are fields of locally derived boulders displaying abundant mineralized
quartz veins intruding metasedimentary (arkose and quartzite) and mafic igneous rocks. FireFox collected
grab samples from surface boulders of these quartz veins in 2020, including one sample with 4.73 g/t Au (see
Company news release dated October 6, 2020 ). This trend of anomalous samples is approximately 400
metres long and appears to be associated with a younger structure that crosscuts the north -trending
magnetic anomaly in a northeasterly direction. This outcrop area was part of the 2022 exploration trenching
campaign, which unearthed more narrow gold-bearing structures, including a high-grade quartz vein with
33.60 g/t Au from the KJ Hill prospect (see Company news release dated January 25, 2023 ). To improve
understanding about the extent of the mineralized system, FireFox continued the trenching at this prospect
in September 2024.
During the 2024 exploration trenching campaign at KJ Hill, the team excavated two NNE -SSW trending
trenches. The first was 11 met res long and excavated parallel to the NNE -SSW trending fault zone . The
exposed geology consisted mostly of strongly carbonatized mafic intrusive rocks , siliciclastic
metasedimentary rocks , and quartz veins that contained disseminated pyrite, magnetite and goethite.
Geologists collected two channel samples – one channel sample perpendicular and another sample parallel
to the trench, and several grab samples. The channel sample cut perpendicular to the shear zone returned
0.59 g/t Au over 1.09 metres (Table 1).
Table 1. Highlights of the Kataja Hill assays with selected pathfinder elements. Bismuth (Bi) and Tellurium (Te) show
positive correlation with the gold (Au) values in the area.
Sample
Type
Exploration
Trench
Sample Width
(m)
Sample ID Weight
(kg)
Au
(g/t)
Ag
(ppm)
Bi
(ppm)
S
(%)
Te
(ppm)
Channel KT24-2 2.84 F095383 2.53 14.62 0.06 5.53 0.02 5.57
Channel KT24-2 3.38 F095396 2.16 2.69 0.13 11.95 0.03 8.54
Channel KT24-2 1.69 F095382 1.47 1.85 0.01 5.71 0.01 3.85
Channel KT24-1 1.09 F095406 2.09 0.59 0.04 0.08 0.005 0.025
Channel KT24-2 3.59 F095384 1.63 0.11 0.05 7.65 0.03 4.94
Figure 2. Map of quartz vein swarms and lenses in trench KT24-2.
Quartz veins can be seen to deflect in association with fault zones.
The second trench (KT24-2, Figure 2) was approximately 40 metres long and included several smaller side
cuts. The lithology consists of siliciclastic metasedimentary rocks cut by quartz vein swarms and lenses. The
contacts between the veins and metasediments sometimes contain traces of disseminated pyrite and
magnetite with secondary goethite. The metasedimentary rocks are strongly schistose, the dominant fabric
striking to the NNE. The vertical to subvertical quartz vein swarms usually strike northerly (NE to NNW),
somewhat oblique to the schistosity. However, the veins occasionally deflect parallel to the schistosity planes,
indicating strong right -lateral ductile deformation was likely present during or before the vein formation.
The right-lateral fault zones shown on Figure 1 are likely related to the so -called D 3 deformation event in
Lapland; and these faults are concordant with local schistosity as evidenced by measurement of sub-
horizontal slickensides on the deformed rocks.
FireFox geologists collected 19 channel samples from trench KT24-2, 15 of which were taken along the quartz
vein swarms and four were perpendicular to the swarms and local rock fabric. The strongest results were
from quartz vein samples, including 14.62 g/t Au from an individual 2.84 metre channel sample, 2.69 g/t Au
from a 3.38 metre-wide channel sample, and 1.85 g/t Au from a 1.69 metre-wide channel sample. These
results contribute to the widespread gold occurrences at the Katajavaara prospect, which remains undrilled
and open in every direction.
The FireFox team believes that these narrow gold showings are expressions of structural leakage from a
larger gold system that may be controlled by the major NW trending shear zone in Figure 1. As this major
shear zone continues to the northwest, it inters ects different lithology and hosts magnetic lows that now
occupy topographic lowlands where swamps have formed.
Saittavaara Prospect
The FireFox team has now identified n ew targets from detailed ground magnetics surveys in the southern
and southwestern parts of the Jeesio project area, which correspond well with prospecting efforts in 2023
and 2024, as previously reported (see News Release dated February 22, 2024 , and September 17, 2024 ).
Previous mapping and sampling in this area highlighted a package of gold-mineralized highly-deformed
quartz-rich metasedimentary rocks and a corresponding magnetic-low corridor. The magnetic feature strikes
NW-SE and is interpreted to be cut by multiple faults. The dominant lithology at Saittavaara is quartzite, often
showing signs of alteration with sericite and iron oxide (Figures 3 and 4).
Earlier sampling in the area was encouraging, including rock chip samples of 5.04 and 6.28 g/t gold. During
the fall of 2024, geologists pushed this trend approximately 800 metres to the northwest from the previous
occurrence by collecting 15 additional samples, which again yielded significant gold values including multiple
samples over 2 g/t Au (Table 2). The geochemistry in this area is a bit different, as peak molybdenum (Mo)
values reach almost 0.24% in these rocks. The association of high -grade gold with Mo, Bi, and Te has been
noted at Mustaja rvi and other of the Company’s projects.
Table 2. Highlights from the Saittavaara area gold occurrence. Coordinates presented in EPSG:3067.
Sample Easting Northing Sample
Wt. Kg
Au
(g/t)
Ag
(ppm)
As
(ppm)
Bi
(ppm)
Cu
(ppm)
Mo
(ppm)
S
(%)
Te
(ppm)
F095375 469308.5 7478684.7 1.9 3.16 0.01 27.1 0.7 9.2 476 0.01 0.45
F095370 469326.7 7478680.1 2.7 3.05 <0.01 0.3 0.05 1.1 3.63 <0.01 <0.05
D076338 469281.4 7478687.3 3.2 2.61 1.49 7.3 2.47 107.5 2390 0.22 1.38
D076331 469309.6 7478686.1 1.2 2.57 0.02 4.1 0.31 12.6 324 0.01 0.27
F095374 469342.7 7478701.4 2.5 0.462 0.02 1.3 0.15 25.4 1.8 0.01 0.06
F095377 469322.5 7478684.9 1.5 0.303 <0.01 0.4 0.02 2.9 2.3 <0.01 <0.05
Figure 3. New gold-rich grab samples on magnetic map of Saittavaara area.
Figure 4. Strongly deformed, oxidized and mineralized sericite quartzite outcrop; sampling returned 2.61 g/t gold and
0.24% Mo.
Methodology & Quality Assurance
Rock chip samples reported in this news release were collected by FireFox geologists, who transported the
samples to the Company’s secure facility in Sodankyla . After documentation and insertion of quality
assurance samples, the rock samples were delivered to an ALS sample prep lab in Sodankyla . The samp les
were 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 faci lity, are accredited to ISO/IEC
17025:2017 for specific analytical procedures. The Fire Fox QA/QC program, which consists of insertion of
certificated standard material and blanks by FireFox into the analytical batches, did not show deviations from
recommended values.
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 large 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.sedarplus.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 illness, extreme
weather, changes 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 2024. 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.