FireFox Gold Extends Mineralized Zone at Central Zone on Mustajärvi Project, Finland
FireFox Gold Extends Mineralized Zone at Central Zone on Mustajärvi Project, Finland
SODANKYLA , FINLAND – (August 17, 2022) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or
the “Company”) is pleased to report additional results from its 2022 core drilling program at the Company’s
100%-held Mustaja rvi Gold Project in Lapland, Finland . Of particular note are results from d rill hole
22MJ015, which intersected 1 metre averaging 46.9 3 g/t gold from 33.5 metres down-hole. This hole was
collared approximately 40 metres northeast of the easternmost drill hole at the Central Zone. Drill hole
22MJ016 also encountered 1.15 metres averaging 4.4 g/t gold from 94.4m depth on the western end of the
Central Zone.
In addition, drilling intersected elevated gold grades within the Gabbro Target in drill holes 22MJ004 and
22MJ013. The Gabbro Target lies farther west at Mustaja rvi and has seen very limited drill testing (see Figure
1). The se new narrow low grade gold intercepts associated with veining and alteration are considered
encouraging for the future potential of this part of the property.
“We believe that this high-grade interval in drill hole 22MJ015 may represent the continuation of a similar vein
that we intersected previously” , commented Carl Lo fberg, President of FireFox Gold. “If that is the case , then
this vein would have a strike length of about 88 metres and remain open along strike to the NE as well as down-
dip. This style of minerali zation at the contact with the hangingwall ultramafic rocks is less common at
Mustajärvi and its geometry is poo rly understood at depth. The alteration and low -grade gold in the Gabbro
Target also confirms that the Mustajärvi mineral system spans well over 2.0km. While we await results from two
more holes in the East Target, it is clear that Mustajärvi holds a lot more potential.”
Table 1, below, summarizes significant intercepts from the recent drill results.
The recently completed drill program at Mustaja rvi included 23 diamond drill holes for a total of 4,624
metres between October and May, testing the Eastern Target, the Gabbro Target and the Central Zone (see
Figure 1). The results reported herein are from the Central Zone and Gabbro Target, and results are pending
from two holes at the Eastern Target.
Mustajärvi Project and Drill Program Details
The Mustaja rvi Project lies along the highway between the cities of Kittila and Sodankyla , approximately 17
kilometres east of Kittila . The property straddles the Mustaja rvi 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 Sodankyla 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 Fire Fox 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 with signific ant mineralization have been identified
along a 2.1 -kilometre segment of the MSZ, namely the Central Zone, the Northeast Target, and the Eastern
Target.
Central Zone
Drill hole 22MJ015 was collared in the eastern part of the Mustaja rvi Central Zone in thin glacial sediments
(about 3.5 metres deep), overlying ultramafic volcanic rocks. The h ole intersected a mineralized contact
between ultramafic volcanic rocks and intermediate tuffites that yielded 1.0m at 46. 93 g/t Au from 33.5m
down-hole. Gold is associated with semi -massive pyrite mineralization at the contact zone between
intensively altered ultramafic rock, with fuchsite, and intensively albitized intermediate tuffites. In addition,
the contact zone mineralization is significantly enriched in silver , cobalt, nickel, and tellurium.
Drill hole 22MJ015 extends the Central Zone mineralization about 40 metres towards the northeast from
previous FireFox hole 18MJ014. That hole encountered 0.35 m averaging 12.26 g/t (See Company news
release dated March 1, 2019). Outokumpu Oy also drilled gold at the same contact zone, cutting
approximately 1.2m averaging 5.45 g/t gold (See FireFox NI 43 -101 Technical Report on
www.firefoxgold.com or SEDAR).
Drill hole 22MJ016 was collared in the western part of the Central Zone, approximately 250 metres to the
southwest of drill hole 22MJ015 . It was also collared in thin glacial sediments (approximately 5.8 metres
deep), overlying ultramafic volcanic rocks. The h ole intersected several strongly albitized intervals of
alteration with a relatively small amount of pyrite mineralization. The best intercept returned an interval of
4.1 g/t gold over 1.15m starting from 94.35m down -hole. The g old in this interval is hosted in quartz-
carbonate-tourmaline-pyrite (QCTP) veins related to intensively sericitized, brecciated tuffites with strong
pyrite mineralization.
Gabbro Target
Drill holes 22MJ004, 22MJ008, 22MJ009, and 22MJ014 were designed to test various anomalies within the
magnetic high on the western end of the permit, which has been shown to be a large mafic intrusive (gabbro).
The gabbro is divided by a NE-SW trending structure, corresponding to a strong magnetic low. All these holes
intersected contacts between the gabbro unit and altered intermediate tuffites of the Sodankyla group. Only
hole 22MJ004 returned notably elevated gold with an interval of 0.95m averaging 0.546 g/t gold starting
from 20.8m down-hole. Here, gold mineralization is related to disseminated pyrite hosted at the contact of
altered mafic volcanic rocks in the hangingwall (Savukoski group ) with metasediments in the foot wall
(Sodankyla group). No significant gold intercepts were reported from drill holes 22MJ009, 22MJ008 and
22MJ014.
Drill hole 22MJ009 intercepted several individual narrow sections of epidot e-altered gabbro with narrow
parallel dark quartz veins, resembling a sheeted vein structur e, at 53.5m, 61.0m, 74.5m, and 93.0m down -
hole. Geologists noted local weak pyrite in the wall-rock to the veins.
Drill hole 22MJ013 was collared about 160m north of hole 22MJ009 and targeted the interpreted northern
contact of the gabbro. This apparent c ontact is marked by a strong magnetic low, which may be linked to
another through-going structure. The hole returned 1.0m averaging 0.823 g/t gold starting from 44m down-
hole. This mineralization is related to narrow QCTP veins, as commonly seen at Mustaja rvi.
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)
Central Zone
22MJ015 33.5 34.5 1.0 46.93**
129.9 130.9 1.0 2.54
22MJ016 94.35 95.5 1.15 4.1
Gabbro Target
22MJ013 44.0 45.0 1.0 0.823
22MJ004 20.8 21.75 0.95 0.546
* 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
Figure 1. Mustajärvi Project diamond drilling locations and results status to date on magnetics base map (08/2022).
Table 2: Mustajärvi 2022 Collar Information (coordinates presented in EPSG:3067).
Drill Hole Easting Northing Azimuth (°) Plunge (°) Final Depth (m)
22MJ004 427396 7499721 335 45 304.5
22MJ008 427200 7499676 340 45 229.3
22MJ009 427327 7499893 340 45 200.3
22MJ013 427275 7500032 340 45 170.4
22MJ014 427434 7499631 340 45 209.2
22MJ015 427890 7500264 340 45 163.8
22MJ016 427680 7500130 340 45 230.5
Methodology & Quality Assurance
The core was transported from the rig to the Company´s core storage facility in Sodankyla , 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 Sodankyla . 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). Selected
samples were assayed with a 1,000 gram Au-SCR24 method (screen fire assays). Other elements, altogether
48, were measured after four -acid digestion by ICP-AES and ICP-MS (method ME-MS61) at the ALS facilit y
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 inserted by Firefox into the analytical batches and analytical results of these materials
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.
Dr. Sven Ho nig, Certified European Geologist (EFG EurGeol Title # 1789) and General Manager of Exploration
of the Company, is a qualified person as defined by National Instrument 43-101. Dr. Ho nig has supervised the
field work reported herein and has helped to 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. 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 investm ent 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 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.