FireFox Gold Provides an Exploration Update on its Sarvi and Mustajärvi Projects, Lapland, Finland
FireFox Gold Provides an Exploration Update on its Sarvi and
Mustajärvi Projects, Lapland, Finland
SODANKYLÄ, FINLAND / ACCESSWIRE / May 27, 2022 / FireFox Gold Corp.
(TSX.V:FFOX) (OTCQB:FFOXF) ("FireFox" or the "Company") is pleased to provide an
update on exploration at its 100%-controlled Sarvi and Mustajärvi gold projects in Lapland,
Finland. FireFox has drilled approximately 8,319m of diamond core to date in the 2021-2022
drill program on the Jeesiö, Mustajärvi, and Sarvi Projects, including the first 12 holes at Sarvi.
This release includes a summary of drill results from the first five widely spaced holes across the
northern section of the Sarvi target area (See Figure 1: https://bit.ly/3MU7CQR).
This program also includes new drilling at the Mustajärvi Project, where possible extensions to
the high-grade shear-zone-hosted gold mineralization have been tested at the East Target and
Gabbro Target. The new drilling includes 10 holes, five holes at the East Target and five holes at
the Gabbro Target. Results are pending for all of these recent holes.
The first hole at Sarvi, 22SA001, intersected low grade but significant gold mineralization across
several intervals in an apparent downdip extension of the anomalous gold encountered in
FireFox's first trenches in the area (see Company news release dated January 20, 2022). The
rocks in this area are tholeiitic basalt, graphite tuff, and iron formation, which are interpreted to
straddle the contact with the Porkonen Formation. This is the formation that hosts much of the
Kiistala Shear Zone and Kittilä Mine to the west and northwest from Sarvi.
The gold zones in this hole were often accompanied by highly elevated silver and base metals, as
summarized below:
• 17.0m at 0.134 g/t Au from 111.0m downhole depth, which was part of a thicker interval
of high silver (25.5m at 1.94 g/t Ag);
• 2.60m at 0.189 g/t Au from 145.0m downhole and 7.20m at 0.119 g/t Au from 158.0m
downhole, both of which are within an interval of 45.0m of elevated silver (1.29 g/t Au);
• Additional narrow intervals of highly anomalous gold, including 1.0m at 0.42 g/t Au
from 218.0m downhole; and
• Associated enrichment in arsenic (As), antimony (Sb), bismuth (Bi), copper (Cu),
molybdenum (Mo), tellurium (Te), zinc (Zn), and other elements.
"The team has drilled at four separate target areas during this campaign, and it is appropriate
to finish up at Sarvi and Mustajärvi. The initial results at Sarvi are encouraging as we
encountered significant low-grade gold and silver mineralization associated with graphite-
bearing tuffites and iron formation, a favorable setting for gold mineralization in Lapland. Our
first-ever drill hole at Sarvi confirmed the anomalous gold encountered in our trenches, and we
have many other targets to test based on the base-of-till and magnetic anomalies to the southeast
from these first drill holes. It is also important that we have drilled significant new step outs in
the East Target and Gabbro at Mustajärvi. We look forward to receipt of the remainder of our
assays from drilling at both projects during the summer," commented Carl Löfberg, President
and CEO of FireFox.
Sarvi Program Details
The first drill campaign at Sarvi included 12 widely spaced drill holes totaling 2327.8 metres.
The FireFox team targeted these holes based on both geochemical anomalies from base-of-till
(BOT) sampling and prospective structural features interpreted from detailed geophysical data.
Results for the 5 holes in the northwest portion of the original Sarvi permit are presented here.
Portions of the tholeiitic basalt, mafic (graphite) tuff, and banded iron formation that are
interpreted to underlie the northwestern portion of the Sarvi Project are believed to be part of the
Porkonen Formation. The Kiistila Shear Zone, which hosts Agnico Eagle's Kittilä Mine, cuts
through the Porkonen Formation to the northwest from the Sarvi Project. FireFox geologists
noted anomalous Au, Ag, As, Sb, Bi, Cu, Mo, Zn, and other elements in the BOT sampling in
this part of the Sarvi Project. Prospecting also revealed localized areas of outcrop exhibiting
silicification, partially oxidized sulfide minerals (gossan), and highly anomalous As and base
metals. Follow-up trenching in 2021 confirmed the presence of elevated gold and associated
elements, highlighted by 18.0m averaging 0.23 g/t Au. Drill hole 22SA001 confirms the
continuation of this low-grade gold zone to depth.
The first drill hole passed through graphite-bearing tuff and schists in the upper portion of the
hole with occasional semi-massive to massive pyrrhotite (lesser pyrite) that appear to be
exhalative in nature. The exhalate horizons are sometimes cut by iron-carbonate veins and
stockworks. The best gold zone is 17.0m at 0.134 g/t, but much of the upper portion of the hole
is anomalous in Au, and gold enrichment is always associated with elevated Ag, As, Sb, Bi, Cu,
Mo, Te, and Zn. At greater depths in the hole, sphalerite (zinc sulfide) is associated with the
iron-carbonate veining. Copper and zinc are also broadly elevated in the hole, but isolated
maximum values in the hole are 0.2% for Cu and 0.54% for Zn.
Below the anomalous sulfide-rich zones in the tuff and schists the drill hole passed into more
massive mafic volcanics without abundant sulfides. Given the wide spaced drilling and limited
sampling in the area so far, this target remains open in all directions for follow-up exploration.
Drill holes 22SA002, 003, and 004 were aimed at various anomalies from till and heavy mineral
sampling. These holes penetrated similar volcanic geology, but with more massive volcanic units
and much less evidence of exhalite or sulfide mineralization. Each of the holes exhibited
anomalous geochemistry in pathfinder elements but without corresponding significant
enrichment in gold or silver.
Drill hole 22SA005 was located farther to the northeast to test anomalous BOT geochemistry and
an interpreted structure. The hole encountered deeper water black shales and graphitic
mudstones, but the hole collapsed in a fault zone and was terminated at 172m depth. The final
sample in the hole assayed 31.2 g/t silver, but without corresponding enrichment in gold.
The remaining drill holes at Sarvi were drilled in a different geological setting on the
southeastern third of the permit area. The geology in that area is interpreted to be dominated by
mafic volcanics, volcaniclastics, graphite schists, and sedimentary rocks. Most of the drilling in
that area was targeted on geochemical BOT anomalies associated with magnetic lows and
interpreted faults, some of which are projected from areas to the south being explored by Rupert
Resources and B2 Gold. The results for holes 22SA006 to 22SA012 are not yet complete and
will be reported separately.
Table 1. Sarvi Collar Information (coordinates presented in EPSG:3067)
Drill
Hole
Easting Northing Depth
(m)
Azimuth
(°)
Plunge
(°)
22SA001 451740.4 7501785 253.7 140 45
22SA002 452260.5 7501192 271.4 135 45
22SA003 453513.1 7501236 214.7 100 45
22SA004 453606.7 7501589 232.8 360 45
22SA005 454323.6 7502130 171.7 360 45
22SA006 453834 7500785 139.8 180 45
22SA007 454429 7501047 214.6 180 45
22SA008 454535 7500809 200 125 45
22SA009 454528 7500890 99.7 180 45
22SA010 455178 7500633 178.2 300 45
22SA011 454850.4 7501168 145.7 120 45
22SA012 454574.9 7500582 205.5 310 45
Mustajärvi Update
Following the completion of the drilling at Sarvi, FireFox moved the drill rig back to the
Mustajärvi Project. On April 5, 2022, FireFox reported results from two holes in the high-grade
zone at the Northeast Target and one shallow hole in the East Target. The team has completed 10
additional holes at Mustajärvi so far with several more holes pending. The new drilling includes
five holes into the East Target and five holes into the Gabbro Zone on the western end of the
property (see Figure 2: https://bit.ly/3MT2UD2).
The focus of this drill campaign has been on new targets with significant potential to extend the
thickness and strike length of known gold mineralization at Mustajärvi. The East Target has
already yielded several significant intercepts of near-surface gold, such as 4.0m averaging 6.35
g/t of Au from 13.6m down hole, including 0.8m at 25.93 g/t Au (see Company news releases
dated January 25 and April 5, 2022).
The program is on-going and expected to be completed by the end of the month.
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). 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 inserted by Firefox into the analytical
batches did not show deviations from recommended values.
QP Statement
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 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