Firefox GOLD Significantly Extends Mineralization at Mustajärvi GOLD Project, Finland
FIREFOX GOLD SIGNIFICANTLY EXTENDS MINERALIZATION AT MUSTAJÄRVI GOLD PROJECT,
FINLAND
VANCOUVER, BC – (November 26th, 2019) – FireFox Gold Corp. (“FireFox ” or the “Company”) is
pleased to report the first results of the Phase 2 diamond core drilling program at its 100% owned
Mustajärvi Gold Project in the Central Lapland Greenstone Belt, Finland. This phase of drilling
consisted of nine drill holes, and ass ays have been received from the first five holes. Notably, two
step-out drill holes, 19MJ006 and 19MJ005, intercepted gold mineralization 500 metres northeast of
the known gold mineralization (the “Central Zone”), which has a strike length of approximately 400
metres. These holes targeted the previously untested northeastern extent of the shear zone that
controls mineralization in the Central Zone . At “Mustajärvi NE”, th is shear zone is associated with
consecutive gold-in-till anomalies, which continue at least one kilometre northeast from the newly
discovered gold mineralization (see Figure 1: https://bit.ly/2qEXl69).
Drill hole 19MJ006 intersected more than 50 metres of a strongly brecciated zone w ith abundant
quartz-tourmaline veining. Gold mineralization averaging 12 g/t Au over 1.95 metres was
intersected between 125.75 and 127.9 metres down-hole (including 0.2 metre core loss). This
mineralized interval consisted of massive tourmaline -quartz-pyrite veining with more than 50%
tourmaline and 10 -20% pyrite. Within the same broad breccia zone, a second mineralized zone
intersected one metre averaging 2.29 g/t Au between 144.7 and 145.7 metres down-hole. This
intercept consisted of a quartz-pyrite vein with ~40% pyrite. A second step-out hole, 19MJ005, was
collared 75 metres west-southwest of drill hole 19MJ006. It intersected a similar brecciated zone as
seen in hole 19MJ006, although narrower. Assays returned two metres averaging 0.9 g/t Au.
“This drill program has successfully expanded the potential gold footprint of the Mustajärvi Project,”
commented Carl Löfberg, President and CEO of FireFox Gold. “The shear zone that controls the
mineralization identified to date is currently defined over nearly three kilometres in strike and today’s
reported step out holes give further evidence of the potential this structure holds . Future drilling will
test within the new 500 -metre step-out to determine the extent of mineralization in the northeastern
extent of the shear zone.”
An additional three new holes, 19MJ001, 19MJ002 and 19MJ004, were drilled within the Central Zone
in order to follow up the high-grade gold interval discovered earlier this year (hole 18MJ002 yielded
2m @ 45 g/t Au; see FireFox new release dated Jan 21, 2019). These new drill holes confirmed the
presence of gold veins at predicted depths 25 metres along strike in both directions and 25 metres
down-dip.
Drill hole 19MJ001, which targeted gold mineralization 25 metres down-dip of 18MJ002, intersected
0.6 metres averaging 4.5 g/t Au starting from 142.2 metres down hole and an anomalous two metre
interval averaging 0.33g/t Au from 107.3 metres down hole. Hole 19MJ002, located 25 metres west
of 18MJ002, intersected an anomalous one metre interval averaging 0.64 g/t Au at 117.7 metres, and
0.55 metres averaging 1.27g/t Au from 136.55 metres down hole. Hol e 19MJ004, was collared 25
metres east of 18MJ002 and intersected 1.9 metres averaging 1.06g/t Au. Gold mineralization in all
three holes was associated with semi -massive pyrite mineralization with accessory quartz and
tourmaline.
Table 1: Summary of Drill Intercepts
Drill Hole Easting
(metres)
Northing
(metres)
Azimuth
(°)
Dip
(°)
Depth
(m)
From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
19MJ001 427740 7500128 340 -45 199.6 107.3 109.3 2.0 0.33
AND 142.2 142.8 0.6 4.5
19MJ002 427752 7500096 340 -45 152.3 117.7 118.7 1.0 0.64
AND 136.55 137.1 0.55 1.27
19MJ004 427752 7500168 340 -45 153.7 84.85 86.75 1.9 1.06
19MJ005 427814 7500192 340 -45 150.8 73.0 75.0 2.0 0.9
19MJ006 427709 7500244 340 -45 179.0 125.75 127.9 1.95 12.0
AND 144.7 145.7 1.0 2.29
Notes: Drill hole numbering was not consecutive. Drilling is believed to be perpendicular to the dip of the
mineralization, however true widths are not yet known and will be confirmed with additional drilling and
geological modeling following the program. Internal dilution and tails are mineralized but assay below the
Company’s 1 g/t cutoff for high grade gold.
For additional details on the Project, please visit the Company’s website www.firefoxgold.com.
Quality Assurance
The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the
geological and geotechnical logging was conducted, assay intervals selected by FireFox´s exploration
team and it was cut in half . Intervals were generally one metre but in some circumstances, were
modified according to lithological boundaries and other factors. FireFox geologists maintained chain
of custody and sampling procedures reported in this news release according to best industry practice
and with due attention to quality assurance and quality control, including the insertion of standard
and blank samples. The logged core was then transported to Labtium Laboratory Oy in Sodankylä,
Finland, where half core samples were crushed, pulverized and split with a riffle splitter.
The lab perfor med fire assay for gold on 25 gram aliquots followed by ICP -OES determination
(method 704P; detection limit 0.01ppm). In addition, the lab reports a large suite of elements from a
subsample that is digeste d in hot aqua regia and analyzed by ICP -OES and ICP -MS (method
515PM). The multielement analyses are not completed at the time of this news release. 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”.
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.
Corporate Update
The Company is also pleased to announce that it has engaged Petri Nousiainen as Investor Relations
Director, Europe, subject to the acceptance of the TSX Venture Exchange. Mr. Nousiainen is a Certified
European Financial Analyst with over 20 years of experience as a broker and trader in Finland. He
also served as the Chairman of Finland's Stock Broker s' Association for eight years. Mr. Nousiainen
is tasked with building the shar eholder base by introducing FireFox to his extensive network of
contacts including brokers, portfolio managers and high net worth investors in Finland and
throughout Europe. In consideration, the Company has agreed to pay, via its wholly -owned Finnish
subsidiary FireFox Gold Oy, a monthly salary of 2,800€ for a term of 1 year. Mr. Nousiainen currently
holds 135,500 shares of FireFox.
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 FireFo x 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
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-looking statements. Factors that could cause such differences include:
changes in world commodity markets, eq uity markets, 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 drill program, including the expected
number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of
mineralization along with its thickness and quality. 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 l aws.
It should also be noted 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, the mineralization on
properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s
properties.