BRIEF

on FireFox Gold Corp (NASDAQ:FFOXF)

FireFox Gold Corp Expands Gold Mineralization at Mustajärvi Project in Finland

FireFox Gold Corp. announced the results of six new drill holes totaling 1,617.5 meters at the Mustajärvi project, located in Finnish Lapland. This final phase of drilling focused on the depth extension of the high quality gold zone located in the East target. The results show that the gold mineralization extends deeper to the south, indicating significant prospects for expansion.

Best results include an intercept of 13.5m at 3.16 g/t gold in drill hole 23MJ013 and 3.6m at 5.96 g/t gold in hole 23MJ011. These results support the hypothesis that gold mineralization remains open towards the southwest and at depth. Carl Lofberg, CEO of FireFox, expressed optimism about the future of exploration, indicating that the next drilling targets are already emerging from the new data.

The Mustajärvi project is located between the towns of Kittilä and Sodankylä, approximately 17 kilometers east of Kittilä. To date, FireFox and its predecessors have drilled approximately 15,752 meters, identifying three distinct gold deposits over 1.5 kilometers in length. Gold mineralization at Mustajärvi is primarily associated with quartz-carbonate-tourmaline-pyrite (QCTP) veins, hydrothermal breccias, and foliation-controlled semi-massive to massive pyrites. Exploration also revealed significant mineralization in mafic rocks, although these intercepts have relatively low gold grades.

Continuous drilling and analysis of geological data allows FireFox to improve its understanding of the structures and geology of the Mustajärvi project, as well as refine targets for future exploration campaigns. The company plans to resume drilling in the spring.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all FireFox Gold Corp news