FireFox Gold: Expands its Property Position and Commits to Additional Drilling in Northern Finland
VANCOUVER, BC – (November 10th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has secured two new properties near Rupert Resources’ Area 1 targets in the Central Lapland Greenstone Belt (“CLGB”) of Finland.
Keulakko Property
The 4.78 km2 Keulakkopäärinne (”Keulakko”) property adjoins the western boundary of the Company´s Sarvi property and will be incorporated into the Sarvi Project on the northern boundary of Rupert Resources’ Area 1 tenements. Keulakko is located approximately 2km north of the Sirkka Shear Zone and approximately 4km northwest of Rupert’s Ikkari gold discovery. Bedrock in the Keulakko area consists of mafic volcanic rocks of the Kautoselkä Formation and graphitic tuffs of the Porkonen Formation.
The area has seen some historical exploration, including reconnaissance till sampling and diamond core drilling by the Geological Survey of Finland (“GTK”). The public GTK database indicates that these programs yielded elevated gold-in-till values and short gold-bearing drill intercepts such as 0.45m @ 3.5 g/t Au and 4.6m @ 0.55 g/t Au. The GTK recommended further work in the area following the positive reconnaissance results. FireFox has applied for and been granted an exploration reservation for Keulakko, which allows for non-mechanized exploration work for 2 years, and the exclusive right to apply for an exploration permit. The Keulakko area was part of FireFox´s detailed UAV magnetic survey during the summer (see Company news release dated August 26th, 2020).
Lehto2 Property
During the summer of 2020, FireFox geologists conducted significant reconnaissance mapping and sampling on the Lehto and Kolho properties. After noting significant alteration at Lehto in particular, the Company applied for additional ground in the area. FireFox has now been granted an exploration reservation at a second new property, Lehto2, which is 23.04 km2 in size and located approximately 5 kilometres north of the Sarvi Project. Lehto2 includes several blocks that fill some of the gaps between the Company´s Lehto and Kolho properties (see Company news release dated September 16th, 2020). Lehto2 is within a broadly similar lithological sequence as Keulakko but also includes banded iron formation (“BIF”) occurrences of up to 200 metre thickness.
Winter Till Sampling and Drilling
Following the completion of the ongoing diamond core drilling program at its Mustajärvi and Jeesiö Projects (see FireFox news release dated November 3rd, 2020), the Company intends to launch a combined bottom-of-till (BOT) sampling and scout diamond core drilling program at Jeesiö. BOT sampling has been a key discovery strategy in Lapland for exploring beneath deeper glacial sediments, and Rupert Resources has employed it to high-profile success at Ikkari. The FireFox team is excited to deploy this new hybrid BOT – core drilling technology and expects to add significantly to its planned meterage for core drilling during the winter of 2020-2021. The drill operator will be experienced service provider Taratest Oy (https://www.taratest.fi/en/). FireFox intends to continue its BOT – core sampling program to the Sarvi Project as soon as the requisite exploration permit is granted, which is expected to occur in the first quarter of 2021. The Sarvi Project adjoins Rupert’s Area 1 to the north.
CLICK HERE to read the full news release.
