Firefox GOLD Refines Utsamo T Arget and Plans Drill Program at Jeesiö GOLD Project , Finland
FIREFOX GOLD REFINES UTSAMO T ARGET AND PLANS
DRILL PROGRAM AT JEESIÖ GOLD PROJECT , FINLAND
VANCOUVER, BC – (September 3rd, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to
provide an update on the 2019 field program at its fully permitted Jeesio Gold Project in the Central Lapland
Greenstone Belt, Finland.
The Company has compiled results from recently completed geophysical and geochemical surveys and
further delineated the major crustal structure that is believed to be the continuation of the Sirkka Shear Zone
(see FireFox news release dated Mar. 22, 2019). The Sirkka Shear Zone provides the structural control for
most known gold deposits in Central Lapland . In particular, the compilation has highlighted an interpreted
contact zone that is often characteristic of the gold deposits associated with the Sirkka structure. FireFox is
now planning a drill program to test the northern part of the Jeesio Project in October.
“The Utsamo area of our Jeesiö Project is evolving into an exciting drill target,” commented Carl Lo fberg, Chief
Executive Officer of FireFox Gold Corp. “Results to date, from our multidisciplinary exploration program, have
repeatedly focused us towards an important structural corridor that is believed to be a major control of gold
deposition in the region.”
Integrated Exploration Program
The ongoing exploration program has been focused on the Utsamo target at Jeesio . FireFox geologists have
been conducting conventional prospecting and reconnaissance geological mapping in the area. The team has
collected almost 200 samples of quartz veins and hydrothermally altered quartzite, including one sample
that contained 4.6 g/t Au. This newly identified mineralization consists of strong sulfide -carbonate-altered
quartzite. Follow-up sampling and trenching are currently underway in this southern portion of the Utsamo
target area.
Approximately 3km north, the Company has identified a 2.8 km long structural feature, associated with
numerous gold and geophysical anomalies . Results have now been received fo r detailed geochemical and
geophysical surveys in addition to geological mapping of the area that was conducted during the summer of
2019.
A detailed Induced Polarization (IP) survey was conducted at the northern part of this 2.8 km long structural
and geophysical feature . The area of interest is characterized by a band of low magnetism with discrete
magnetic inliers that passes through more magnetic rocks. The results imply that the targeted structural
corridor is characterized by low resistivity, and that the gold bearing Bottom -of-Till (BOT) samples are
spatially associated with the sharp northeastern contact between low and high resistivity domains. This
boundary is interpreted to represent the contact zone between hydrothermally altered metasediments and
gabbroic sills – a common association of gold deposits in the region.
Much of the target area is covered by marshland where residual soils and till may not available for sampling.
The FireFox team is assessing overburden geochemical methods to assist in targeting through the cover. As
part of those tests, geologists collected approximately 103 samples along 6 lines across the targeted structure
and submitted them for partial leach geochemistry and ultrasensitive analysis by Inductively Coupled Plasma
– Mass Spectrometry (ICP-MS). The preliminary results of the partial leach geochemistry resemble the nearby
BOT geochemistry, highlighting anomalous gold, copper, and other elements along the interpreted contact
zones.
The new IP and geochemical results appear to be helpful in focusing the exploration along the nearly 3 km
target corridor of metasediments and gabbro. FireFox geologists continue working in the area to enhance the
focus and the targets for future drill testing.
FireFox expects to proceed with drill testing of targets in the northern part of the Jeesio Project in October.
Methodology
The IP survey configuration applied at Jeesio was double offset dipole-dipole 3D IP (2.5D data acquisition)
with 40m receiver dipoles and 50m transmitter dipole. The receiver dipoles were moved along the survey
lines (16 x 2 dipoles for two 640-metre lines) and all dipoles were active for every reading.
FireFox employs quality assurance practices to monitor the reliability of laboratory results. These practices
include the insertion of analytical control samples into all laboratory submittals. Results reported here have
complied with FireFox’s quality assurance standards. Labtium Laboratory Oy performed fire assay for gold
on 25 g aliquots followed by ICP -OES determination (method 704P; detection limit 0.01ppm). Labtium
Laboratory Oy is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality
system of Labtium also complies with the requirements of the Standards Council of Canada (CAN -P-1579)
“Guidelines for Accreditation of Mineral Analysis Testing Laboratories”.
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 helpe d 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.
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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 Lo fberg”
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 looki ng 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 indust ry. Forward -looking statements in this release may include
statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. 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 expectations 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 n oted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold
mines or active 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.