FireFox Gold Reports Remaining Results from 2025 Drilling at Sarvi Project in Lapland, Finland
FireFox Gold Reports Remaining Results from 2025 Drilling at Sarvi Project in Lapland, Finland
SODANKYLA , FINLAND – (April 16, 2026) – FireFox Gold Corp. (TSX.V: FFOX)(OTCQB: FFOXF)(“FireFox” or
the “Company”) is pleased to report the results from the remaining three holes of the 2025 reconnaissance
drill program at the Company’s 100% -held Sarvi gold project (“Sarvi”) in Lapland, Finland. The target
concept for this small reconnaissance drill program was to examine interpreted regional scale structures
cutting through discrete magnetic highs and magnetic gradients (transitions from highly magnetic to less
magnetic rocks) in the Keulakko permit on the western side of the project area . As previously reported,
reconnaissance drilling by the Geological Survey of Finland (GTK) nearby encountered narrow intervals of
moderate gold grade (See Company news release dated November 18, 2025).
Drill hole 25SA002 was drilled as part of a northeast-southwest oriented fence testing a structural-magnetic
corridor located 250 to 500m east of the GTK holes (see Figure 1). The hole was drilled in the opposite
direction to the previously reported hole 25SA003 which returned a high-grade gold interval of 1.75 metres
averaging 27.48 g/t, including 0.8 metres at 53.50 g/t gold (see Company news release dated January 21,
2026.) Drill hole 25SA002 encountered a narrow gold mineralized interval yielding 1.0 metre at 2.68 g/t
Au from 51.5 metres downhole depth.
Drill holes 25SA004 and 25SA005 were collared approximately 480 metres east from drill hole 25SA003.
These holes were drilled in a fence towards the southwest direction and targeted interpreted regional scale
structures. Hole 25SA005 returned a single interval of low-grade gold (see Table 1).
All three newly-reported holes were collared in thin glacial sediments (3.6 – 12.5 metres deep) and cut
sections of mafic tuff, strongly carbonate -altered mafic volcanics, and sulphide facies iron formation (black
schists with >30% of pyrrhotite mineralization) that are believed to be part of the Porkonen Formation
within the Kittila Suite volcanic rocks. This package of rocks is a key exploration target in the region, as it is
known to host the gold mineralization at Agnico Eagle’s Kittila Gold Mine1, Europe’s largest gold mine, which
is located approximately 35 kilometres to the northwest of Sarvi.
The Company plans to follow up this scouting drill program with additional surface sampling, detailed
geophysical surveying and drilling later this year.
Carl Lo fberg, FireFox’s CEO, commented “Now that we have our first look below surface, we are starting to
better understand the critical structures and host lithologies for gold in this area. We look forward to executing
the next programs which will continue to delineate the targets and help us unlock the gold potential at Sarvi.”
Figure 1. Drill hole locations on western targets within the Keulakko permit at the Sarvi Project.
Project and Program Details
The Sarvi project includes the Sarvi group of permits (the central Sarvi exploration permit as well as Sarvi-2
immediately to the north and Keulakko permit adjacent to the west), plus the separate Lehto permit to the
north, for a total permitted area of 26 km2. The Sarvi group covers a portion of the Kittila Suite of volcanic
rocks, which is cut by numerous breaks in the magnetics data, interpreted to be major faults and shear
zones. Sarvi shares an 8 -kilometre southern tenement boundary with Rupert Resourc es’ Ikkari Project,
which hosts the Ikkari gold deposit. [FireFox cautions that proximity to a discovery, past -producing mine, or
mineral resource, 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.]
The Geological Survey of Finland drilled two holes with anomalous gold results in 2009. The GTK historical
drilling reports for the two holes include assayed intervals of 1.6 metres averaging 1.1 g/t Au from 26.4
metres depth (drill hole M371209R5) and 0.5 metres averaging 3.57 g/t Au from 69.5 metres depth (drill
hole M371209R8). Firefox considers these historical results, geological reports, and assay data to be credible;
however , as the work was completed by prior operators and the reports have not been independently verified
by the Company’s Qualified Person, FireFox is unable to rely upon the data.
The project is at an early stage; however, the geological understanding has been advanced through a
compilation of detailed magnetics from both drone-based and ground surveys combined with almost 1,600
base-of-till (BoT) samples and a total of 3,825.8 metres of drilling.
As most of the southern half of the property is covered by glacial sediments and swampy ground, the
Company initiated systematic exploration in 2022 with BoT sampling and detailed magnetics surveys. In May
of 2022, the Company announced narrow drill interc epts of elevated gold and silver, along with arsenic,
antimony, bismuth, tellurium, copper , molybdenum and zinc (see Company news release dated May 27,
2022). In 2023, FireFox conducted a small drill program farther east on the Sarvi permit, where drilling
encountered anomalous gold, but the narrow intercepts exhibited copper -silver dominant mineralization
rather than gold (see Company news release dated June 29, 2023).
At the western target within the Keulakko permit, the Company’s aim was to follow-up on the previously
released GTK drill results and the attractive setting for gold evidenced by interpreted major structural breaks
and pronounced magnetic gradients.
This new target area is located a few kilometres west of FireFox’s previous BoT sampling and drilling. The
scarcity of outcrop in the area has resulted in limited mapping and surface sampling. However , Company
geologists collected some samples of gossanous float to “subcrop” in the vicinity with gold values over 0.1
grams per tonne. The detailed magnetic survey suggested the presence of features of interest, but the lack of
outcrop limited the ability to ground-truth the interpretation. The brief availability of a drill rig in the autumn
of 2025 offered the opportunity to test below the overburden and better understand the stratigraphy,
geology, and geochemistry. FireFox’s fall 2025 diamond drilling program included 5 holes on the Keulakko
permit, totalling 887 metres, with the results from holes 25SA001 and 25SA003 reported on January 20,
2026.
Drill hole 25SA002 was drilled with the opposite azimuth to previously reported hole 25SA003 and targeted
the discrete low magnetic anomaly. The hole was collared in thin glacial sediments (approximately 3.6 metres
deep) and intercepted a narrow gold mineralized interval associated with brecciated black shales and
abundant deformed quartz-carbonate veins with veinlets of pyrrhotite and disseminated pyrite. The interval
returned 1.0 metre at 2.68 g/t Au from 51.5 metres downhole depth. In the footwall of the best interval,
two additional intervals with weakly anomalous gold were intersected, returning 1.0 metre at 0.17 g/t Au
and 0.14 g/t Au, respecti vely, from 53.4 metres downhole. The anomalous gold grades are associated with
the same black shale unit, but with less brecciation and sulphide mineralization. In comparison with the high-
grade gold mineralized zone encountered in hole 25SA003, the gold interval in 25SA002 is not situated on a
distinctive lithological contact and gold is associated with structurally deformed and silicified black shales
with abundant brecciated quartz-carbonate veins and patchy sulphide mineralization.
Drill hole 25SA004 passed through a package of mafic volcanic rocks, black shales, and metasediments, but
did not return any significant gold mineralization.
Drill hole 25SA005 was collared in thin glacial sediments (approximately 10.8 metres) and encountered a
package of black shales, graphitic mudstones, and mafic volcanic rocks. The hole intersected weakly
anomalous gold mineralization at approximately 42 metres downhole. Anomalous gold values are associated
with black shale with strong, banded pyrrhotite mineralization (>30% sulphides). Deeper in the hole, at
109.0 metres a single interval of 1.0 metre returned 0.3 g/t Au. Gold here is associated within a similar host
rock as the upper part of the hole, namely black shales with strong pyrrhotite mineralization.
Table 1. Selected Intercepts in Drillholes 25SA002, 25SA004 & 25SA005
(Cut-off Grade 0.3 g/t Au)
Drill Hole From
(m)
To
(m)
Interval
(m)
Au Grade
(g/t)
25SA002 51.5 52.5 1.0 2.68
25SA005 109.0 110.0 1.0 0.3
All intervals are expressed as core width; true width has not yet been estimated.
Table 2. Drill Collar Information (coordinates presented in EPSG:3067)
Drill
Hole Easting Northing Azimuth
(°)
Dip
(°)
Depth
(m)
25SA002 449884.9 7501034.9 30 45 169.9
25SA004 450598.4 7501141.3 135 45 187.1
25SA005 450476.7 7501253.8 135 45 184.5
Future Work Plan
The Company is planning a follow-up work program later this year to better understand the controls of the
high-grade gold mineralization intersected in hole 25SA003.
This is expected to include geological mapping and field trenching on selected targets, as well as geophysical
surveys and a subsequent drilling campaign. The geophysical surveying is planned to include both downhole
and surface electromagnetic (EM) surveys, as well as ground magnetometry. The EM survey is expected to
help identify conductors associated with massive sulphides hosting gold mineralization, while the
magnetometry survey should assist in identifying lithological contacts and other structural controls.
The follow-up drilling campaign will test the continuation of the lithological contact hosting the high -grade
gold mineralization intersected in hole 25SA003 and other selected targets.
Methodology & Quality Assurance
The core was transported from the rig to the Company´s core storage facility in Sodankyla , where FireFox’s
exploration team conducted the geological and geotechnical logging and selected the assay intervals. Assay
intervals were generally 1 metre but in so me 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
¼ core duplicates, crush stage duplicates and insertion of certified standard and blank samples.
FireFox team members transported the samples to an ALS sample prep lab in Sodankyla . 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 assa y of 50 gm aliquots with AAS finish (method Au -AA26). All
samples exceeding 50.0 g/t Au were re -assayed with a gravimetric finish (method Au -GRA22). 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 Firef ox 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. No QA/QC issues were identified from a review of the analytical data discussed herein.
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 on a large portfolio of ground prospective for high-grade gold
deposits. The delineation of multiple gold zones at the Company’s 100% -held Mustaja rvi Project is paving
the way for the discovery of Finland’s next major gold deposit.
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.sedarplus.ca.
On behalf of the Board of Directors,
“Carl Löfberg”
Chief Executive Officer
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: +1-778-938-1994
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept
responsibility for the adequacy or accuracy of the content of this release.
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 illness, extreme
weather, changes 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
exploration; the belief as to the location of the most prospective gold targets; the location of targets for future
exploration programs; and the current and future work program, including the extent and nature of exploration
to be conducted in 2026. 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.
1 - Wyche, N.L., Eilu, Pasi, Koppström, K., Kortelainen, V .J., Niiranen, Tero, and Välimaa, J. (2015). The Suurikuusikko
Gold Deposit (Kittilä Mine), Northern Finland. Mineral Deposits of Finland. Pages 411-433.