Surface Grab Samples Yield up to 6.4 G/T GOLD ON New Targets at Jeesiö GOLD Project, Finland
SURFACE GRAB SAMPLES YIELD
UP TO 6.4 g/t GOLD ON NEW TARGETS AT
JEESIÖ GOLD PROJECT, FINLAND
VANCOUVER, BC – (January 23, 2020 ) – FireFox Gold Corp. (FFOX-TSX.V) (“FireFox” or the
“Company”) is pleased to report a newly discovered gold target (Katajavaara) within the Company´s
100%-owned Jeesiö Gold Project in the Central Lapland Greenstone Belt, Finland. Katajavaara is
located nine kilometres south of the Company´s Utsamo target, (see FireFox news release dated
January 21, 2020 ) and only two kilometres southwest from the gold -bearing quartz -sulfide vein
system at Aurion’s Launi project (see Map 1: https://bit.ly/2NLRHHW).
FireFox Gold geologists conducted reconnaissance bedrock mapping and boulder hunting in the
Katajavaara area in late September 2019 , identifying and sampling quartz-sulfide veins in several
locations. In total, company geologists submitted 62 rock samples for analysis. The best results were
associated with mafic, gabbroic intrusions . Eleven samples returned anomalous gold (greater than
0.1 g/t) including one quartz-sulphide vein sample with 6.4 g/t gold (see Table 1 below). The team
has not yet had an opportunity to return to the area for follow-up mapping and sampling, but the
data collected to date outlined a 1.1 km-long anomalous gold zone that trends SSE-NNW and remains
open in all directions. The Katajavaara target is situated on the interpreted Ve nejoki Shear zone, a
major transcrustal thrust system running broadly in a West-East direction on the south side of the
Sirkka Shear Zone.
“Katajavaara is the third compelling gold prospect within the Jeesiö Project, further supporting our
excitement about the potential of the area ,” commented Carl Löfberg CEO of FireFox Gold. “ FireFox is
currently planning follow-up activities, including the extension of a ground magnetic survey, additional
bottom-of-till (BOT) surveys and a mapping campaign to advance the Katajavaara Prospect.”
Heavy indicator mineral surveys were conducted by Outokumpu Oy in the late 1980´s and identified
a strong gold-in-till anomaly on the southern side of Katajavaara Hill, but th ese results were never
followed up. Several of these till samples, approximately 20 kgs in weight, contained more than 50
small gold particles, the maximum count being 98 grains, significantly more than the background
value in the area of about 5 grains. [While the Company believes the preceding historical sampling data
are reliable, readers are cautioned that a “qualified person” (as defined by National Instrument 43-101)
has not yet completed sufficient work to be able to verify the historical information, an d therefore the
information should not be relied upon. Outokumpu data retrieved from the Geological Survey of Finland
(GTK) database.]
In 2019, Firefox conducted a detailed 46 -line kilometer in-house ground magnetic survey covering
2.4 km 2 of the Katajavaara area. Results indicate that the historical gold anomalies are spatially
associated with strongly magnetic, often linear bodies, believed to represent mafic-ultramafic dykes
that intruded the Sodankylä Group sediments.
Table 1. Anomalous Gold Samples from Katajavaara Reconnaissance Mapping.
Sample Au ppm Type Easting Northing Remarks
MNEN-2019-119.1 6.388 Outcrop 471568 7479562 Quartz-sulphide vein, in contact
to gabbroic intrusive.
MNEN-2019-120.1 2.610 Outcrop 471572 7479562 Quartz-sulphide vein, in contact
to gabbroic intrusive.
JMÄK-2019-72.1 0.476 Outcrop 471567 7479574 Vein Quartz
MNEN-2019-120.2 0.362 Outcrop 471572 7479562 Quartz-sulphide vein, in contact
to gabbroic intrusive.
MNEN-2019-121.1 0.192 Boulder 471564 7479569 Vein quartz with dark reddish
hematite staining
MNEN-2019-117.1 0.191 Outcrop 471646 7479470
Quartzite. Cross-cut by several
quartz veins with amphiboles
and minor hematite
MNEN-2019-115.1 0.188 Boulder 471584 7479484 Quartz vein with some
amphibole veinlets and hematite
MMUE-2019-179 0.171 Boulder 471656 7479571
Hematized quartzite with quartz
veins. Abundant rusty spots and
some hematized pyrite
JMÄK-2019-73.1 0.153 Outcrop 471568 7479564 Vein Quartz
AVIG-2019-73 0.129 Boulder 471182 7480415 Quartzite
MNEN-2019-125.1 0.127 Boulder 471169 7480468
Vein quartz boulder between
quartzite outcrop blocks,
including hematite + micas
About the Jeesiö Gold Project
The Jeesiö Gold Project (the “Project”) consists of valid exploration permits, exploration permit
applications and exploration reservations covering an area of 279 km2. The Project is located within
a structural corridor transected by both the Sirkka and the Venejoki Shear Zones. The project area is
flat, glacial till -covered terrain in the Lapland region of northern Finland, 12 km north -west of the
town of Sodankylä. The Project is situated in the Central Lapland Greenstone Belt, which hosts
several recent gold discoveries. The observed gold mineralization, structural setting and work to date
support the potential for an orogenic gold deposit on the Jeesiö property.
For additional details on the Project, please visit the Company’s website www.firefoxgold.com.
Quality Assurance
FireFox geologists maintained chain of custody of the samples. The sampling procedures reported in
this news release were conducted according to best industry practice and with due attention to
quality assurance and quality control, including the insertion of standard and blank samples. The
rock samples were transported to Eurofins Labtium laboratory in Sodankylä, Finland, with one half
stored and the other half crushed, pulverized and split with a riffle splitter.
The lab performed 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 digested in hot aqua regia and analyzed by IC P (method 511P). Eurofins Labtium
laboratory is an independent facility accredited to the SFS -EN ISO/IEC 17025:2005 standard. The
quality system of Eurofins 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.
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. R ecent 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
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, 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 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 undert ake 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 active gold project s being advanced by other companies, the mineralization on
properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s
properties.