Firefox GOLD Provides Exploration Update ON Seuru and Jeesiö Projects
FIREFOX GOLD PROVIDES EXPLORATION UPDATE ON SEURU AND JEESIÖ PROJECTS
VANCOUVER, BC – (June 9, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide
an update on its 2020 exploration plans in the Central Lapland Greenstone Belt (CLGB) of Finland. Based on
favorable results from the summer of 2019 and recent emerging discoveries on neighbouring properties, the
FireFox technical team intends to focus its activities on portions of the Seuru and Jeesio properties during
the summer field season.
At Seuru, the FireFox team plans to carry out its first detailed program at the Sarvilehto target area.
Geologists will conduct reconnaissance mapping and sampling, and contract a detailed airborne magnetic
survey using an unmanned aerial vehicle (UAV). The new magnetics data will provide improved
understanding of the structural set ting and bedrock geology. The team will use the integrated database to
design a detailed bottom-of-till (BOT) sampling program targeting prospective structures. Depending upon
results of the summer field work, FireFox will likely conduct BOT sampling during the early winter to define
drill targets for later diamond drilling.
At the Jeesio Project, FireFox will be focusing on the newly discovered Katajavaara Target where field teams
collected a 6.4 g/t gold sample on one of the last traverses of the 2019 sum mer season (See Company news
release dated January 23, 2020). The 2020 program plans include a detailed airborne UAV magnetic survey
to supplement the small ground magnetics survey conducted in 2019. Trenching by excavator may be
completed in the summer pr ogram, based on results from follow-up mapping and sampling. Drilling of
priority targets would then follow in a 2020-2021 winter program.
Sarvilehto Target, Seuru Property
The Sarvilehto Target is one of the southernmost pro spects in the extensive Seuru group of properties.
Sarvilehto is located approximately 5 kilometres north of the Sirkka Shear Zone (SSZ) – the well characterized
south-dipping imbricate thrust stack that stretches from northwest to southeast across the CLGB for more
than 100 kilometres. The SSZ is closely associated with multiple gold deposits, occurrences, and exploration
prospects.
FireFox acquired the Sarvilehto Target based on its favorable geological setting, gold anomalies in historic till
sampling, and i nterpreted prospective northeast trending structures. The area is largely covered by mixed
glacial deposits, but an interpretive geological map from the Geological Survey of Finland (GTK) and limited
sampling have provided significant information about the bedrock. The interpreted geology at Sarvilehto
consists mainly of the mafic metavolcanic rocks of the Kittila Suite, which include extensive tholeiitic and Fe-
tholeiitic meta-basalt. These mafic volcanic rocks are intercalated with graphite-bearing tuffite, black shale,
and chert. A very similar lithological sequence hosts the world -class Kittila Mine, which lies 35 kilometres
northwest and is operated by Agnico Eagle.
The Kittila rocks on the Sarvilehto Property are crosscut by northeast trending shear z ones that are
interpreted to be associated with younger strike -slip movement, sometimes referred to as the D 3 event (or
the third major deformation event in the region). These D 3 structures are often associated with gold
mineralization, particularly where they change orientation or intersect earlier major faults such as the SSZ
or associated structures. For example, the Kittila Mine occurs at a slight bend of a major D3 shear – the Kiistala
Shear Zone 1. In addition, recent drilling by Rupert Resources at it s Area 1 target (approximately 1.5 -3.5
kilometres south of Sarvilehto) has targeted D3 structures and their intersections with earlier regional
structures (see Rupert Resources news release dated May 12, 2020).
[Although the geological setting on the adjacent Rupert Resources property provides geologic context for the
Sarvilehto Property, it is not necessarily indicative of the geology or mineralization that may occur on the
Company’s property.]
The Sarvi lehto Target has seen minimal exploration work so far. Altogether, the GTK and FireFox have
collected approximately 155 till samples on the property using light portable percussion drills. The analyses
of those samples have yielded moderate gold anomalies, whic h are associated with elevated values of
important pathfinder elements such as arsenic, bismuth, tellurium, and copper. FireFox geologists have also
conducted heavy mineral sampling and detailed morphological characterization of gold grains at Sarvilehto.
A 10-kilogram heavy mineral sample yielded 118 gold “micronuggets” and associated anomalous arsenic,
bismuth, and tellurium. The gold grains were angular and showed no significant abrasion, suggesting short
glacial transport distances from their source. Im portantly, this particular sample was collected directly on
top of an interpreted northeast striking D3 structure.
The Sarvilehto Prospect is part of the Seuru option agreement under which FireFox is earning 100% interest
from Magnus Minerals (See Company news release dated August 30, 2018), but the Seuru group of properties
includes other tenements that are 100% owned by FireFox.
Katajavaara Target, Jeesiö Project
Katajavaara occurs south of the SSZ and approximately 9 kilometres south of FireFox’s Utsamo Target. As
reported in April, this part of the Jeesio Project occupies the middle of a corridor of almost continuous gold
anomalies stretching from the Risti Target (Aurion Resources) in the north down through Utsamo and
Aurion’s Launi Target to Katajavaara in the south.
The Venejoki Thrust Zone (VTZ), a major D 2 shear zone, is interpreted to cross the area from northwest to
southeast at Katajavaara. The target appears to occupy a structural intersection of the VTZ with an
interpreted north-south oriented D3 structure.
At Katajavaara, FireFox geologists collected anomalous gold rock samples along a north -south trend
stretching more than 1 kilometre and open in all directions. Anomalous rock chip samples in the area are
often associated with the margins of gabbroic intrusions, which often appear as magnetic highs. There is
significant topographic relief in the area and glacial cover deposits are thin. In fact, the highest -grade rock
chip sample (6.4 g/t Au) was collected from an outcropping quartz-sulphide-carbonate vein.
The Jeesio Project includes properties that are subject to an option agreement under which FireFox is earning
100% interest from Magnus Minerals (See Company news release dated August 1, 2017) as well as separate
properties that are 100% owned by FireFox, such as the Katajavaara prospect.
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. Dr. Peltonen has supervised the collection
and interpretation 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 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.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company
is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over
150,000 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 concerning the Company, please refer to the Company’s 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: 604-328-4789
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 option
agreements and FireFox’s ultimate equity in the properties described. Although we believe the expectations
reflected in our forward -looking statements are reasonable, results may vary. The forward -looking
statements contained h erein 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.
Footnote:
1 - Patison, N. L. 2007. Structural Controls on Gold Mineralisation in the Central Lapland
Greenstone Belt. Geological Survey of Finland, Special Paper 44, 107–124, 7 figures and 4 tables.