Firefox GOLD Grows Land Position IN Central Lapland Greenstone Bel T of Northern Finland
FIREFOX GOLD GROWS LAND POSITION IN CENTRAL LAPLAND GREENSTONE BEL T
OF NORTHERN FINLAND
SODANKYLAdž , FINLAND – (September 16 th, 2 0 2 0 ) – F i r e F o x G o l d C o r p . ( “ F i r e F o x ” o r t h e “ C o m p a n y ” ) i s
pleased to announce that it has added two new properties to its exploration portfolio in the Central Lapland
Greenstone Belt (CLGB) of Finland (see Figure 1: https://bit.ly/2E4DOD5). During the course of FireFox’s
2020 summer field season, the Company has applied for and been granted two new exploration reservations,
the Kolho and the Kelontekema ̈ P r o pe r t i e s . T h e se n e w r e s e r v a t i o n s b r i ng F i r e F o x ’ s t e ne m en t h oldings in
northern Finland to approximately 1,720 km2, among the largest holdings of gold explorers in Lapland. Field
programs have been initiated at both properties.
Kolho Property ‐ Eastern margin of CLGB
On September 3 rd, the Finnish mining authority granted FireFox Gold a large new exploration reservation
covering approximately 148.15 km 2 within the counties of Kittila ̈ a n d S o d a n k y l ä. The new property lies
approximately 21 km from the Kittila ̈ m i n e ( A g n i c o E a g l e ) a n d 4 k m f r o m t h e P a h t a v a a r a M i n e ( R u p e r t
Resources). Geologically, the area is located along the eastern margin of the Kittilä Suite of rocks. The area is
characterized by a major thrust fault between allochthonous oceanic crust (Kittilä Suite) thrusted onto older
rocks to the east. The Kittilä Suite consists of Kautoselkä and Vesmajärvi mafic volcanic rocks and Porkonen
mafic graphite tuffs (the same sequence of rocks hosting the go ld deposits at the Kittilä Mine). The leading
edge of the thrusted sheet consists of Savukoski Group ultramaf ic volcanics, Matarakoski black schists and
Sodankylä Group arkosic quartzites (the lithological association that ho sts Rupert’s Ikkari discovery). The
autochthonous rocks to the east are comprised of older Archean basement rocks.
FireFox cautions that proximity or similar geology to an active or past‐producing mine does not indicate that
mineralization will occur on FireFox’s property, and if mineralization does occur, that it will occur in sufficient
quantity or grade that would result in an economic extraction scenario. These facts were simply used as elements
of the prospectivity analysis of these properties.
In spite of its prospective lithological and structural setting , the Kolho area has not seen significant gold
exploration activity in the past. FireFox has already initiated a mapping and sampling campaign in K olho.
Associated with the NW-SE striking shear zone, the teams have identified brittle quartz-limonite-pyrite veins,
sheeted veins and quartz stockwork within moderately to strongly silicified mafic volcanics and tuffs. Assays
for the first round of rock samples are pending. FireFox geolog ists have also identified and assayed 128
historical bottom-of-till (BOT) samples collected by the Geolog ical Survey of Finland (GTK), for gold and
p a t h f i n d e r e l e m e n t s . T h e G T K s a m p l e s y i e l d e d a n o m a l o u s g o l d a n d multielement anomalies warranting
further prospecting.
Kelontekemä Property – West of Jeesiö Project
On July 27 th, the Finnish mining authority granted FireFox Gold another new e x p l o r a t i o n r e s e r v a t i o n
encompassing approximately 71.06 km 2 in the counties of Kittila ̈ a n d S o d a n k y l ä. The new property lies
between the Company’s Jeesio ̈ (east) and Mustaja ̈rvi (w est) Pr ojects, just south of the Sirkka Shear Zone.
Apart from a few gold anomalies in till samples, there is no ev idence of significant historic gold exploration
at Kelontekemä, but FireFox teams are conducting reconnaissance mapping and sampling in the area as part
of the 2020 field season. This application was competitive with other groups, such as Rupert Resources, who
hold ground to the east and north.
Quality Assurance
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, and approves,
the technical information in this news release.
Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a q ualified person as defined by National
Instrument 43-101. Dr. Peltonen has supervised the collection a n d i n t e r p r e t a t i o n o f t h e t e c h n i c a l d a t a
generated in the Company’s field program and 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 u nder the ticker symbol FFOX. The Company
is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over
170,000 hectares of prospective ground.
Finland is one of the top mining investment jurisdictions in th e 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.
F o r m o r e i n f o r m a t i o n , p l e a s e r e f e r t o t h e C o m p a n y ’ s w e b s i t e a n d 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 a ctual 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 sto ppage and economic impacts that may
result from the COVID 19 virus, costs and supply of materials r elevant to the mining industry, change in
government and changes to regulations affecting the mining industry.
Forward-looking statements in this release may include statemen ts regarding: the current and future work
program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey
results on the properties described. Although we believe the ex pectations 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 st atements and should not rely upon this
information as of any other date. FireF ox does not undertake to update this information at any particular
time except as required in accordance with applicable laws.