Firefox GOLD Provides Exporation Update FOR Its GOLD Projects IN the Central Lapland Greenstone Bel T (Finland)
FIREFOX GOLD PROVIDES EXPORATION UPDATE FOR ITS GOLD PROJECTS IN
THE CENTRAL LAPLAND GREENSTONE BEL T (FINLAND)
VANCOUVER, BC – (March 21, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide
an exploration update for its Jeesio -Mustaja rvi Gold Project in the Central Lapland Greenstone Belt, Finland
(“the Project ”). The Project includes the 100% -owned Mustaja rvi property and the optioned Jeesio
exploration properties.
In late January the Company initiated an intensive Bottom -of-Till (“BOT”) sampling program at Mustaja rvi
(see news release dated February 7, 2018). The primary objectives of the program were to infill and extend
an area of anomalous gold in historic till sampling around the previously drilled mineralization. Sampling has
proceeded as planned, and to date 440 samples have been collected and sent for gold and multi -element
geochemical analyses. The program is nearly complete.
Once the Mustaja rvi BOT sampling program is complete, the Company plans to initiate an 11 line-kilometer
Induced Polarization (IP) survey at the property. The contractor will be GRM-services Ltd, based in Vantaa,
Finland, a recognized geophysical services company with extensive experience in northern latitudes. The
survey configuration will be dipole -dipole 2D IP with 50 m dipoles , and the depth penetration will be
approximately 250 meters. The survey will cover the majority of the Mustajärvi exploration permit area and
will be utilized, together with the recently accumulated till geochemical data, for planning the upcoming
diamond core drilling program.
Following the completion of the Mustaja rvi BOT sampling program in approximately one week, the BOT rig
will be re -located to initiate a similar program at the Jeesio exploration properties. A legally binding
exploration permit for Jeesio was recently received from the Finnish Mining Authority ( “Tukes”), allowing
the Company to conduct routine exploration work including sampling, trenching and diamond core drilling
within this new 1,352.5 hectare permit area. The permit was granted very quickly, within approximately 100
days from its submission, including the 30 -day hearing period and separate 30 -day objection period. No
objections were received.
Carl Lo fberg, CEO of FireFox, commented: “Our winter program is advancing very well. The fast processing of
the first exploration permit at Jeesiö demonstrates the ability of our experienced in -country team to manage
applications, and of Tukes to process them quickly. We expect that the current BOT programs and IP-survey will
provide well-defined drill targets for the Mustajärvi and Jeesiö properties, and we look forward to a core drilling
program later this year.”
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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 prepared 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 is an unlisted reporting issuer in British Columbia and is focused entirely on gold exploration in
Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147 -hectare Mustaja rvi
Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals
Ltd., a private prospect generator company in Finland, through which it has an option to acquire a 100%
interest in in the Jeesio , Riikonkoski and Ylo jӓ rvi projects (subject to a NSR royalty) that currently encompass
approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million
in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three -year
period (See Silverstone Resources Corp. news release dated Aug 2, 2017).
Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment
Attractiveness Index of the 2017 Fraser Institute Survey of Mining Companies. With 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.
On behalf of the Board of Directors,
“Carl Lo fberg”
Chief Executive Officer
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: 604-558-7687
Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry,
change in government and changes to regulations affecting the mining indus try. Forward-looking statements in this
release may include statements regarding future exploration programs and the timing thereof including maiden drill
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targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward
looking statements are reasonable, results may vary. The forward-looking statements contained in this press release
represent the expectati ons of FireFox as of the date of this press release 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.
It should also be noted that while FireFox ’s properties are sometimes adjacent to or nearby operating or historic gold
mines or activ e gold projects being advanced by other companies, t he mineralization on properties nearby FireFox ’s
land packages is not necessarily indicative of mineralization on FireFox’s properties.