FireFox Gold Corp. (“FireFox” or the “Firm”) pronounces the graduation of a brand new, detailed, bottom-of-till (BOT) sampling marketing campaign at its 100%-controlled Jeesiö Gold Venture within the Central Lapland Greenstone Belt, Finland . The BOT program builds on lately accomplished reconnaissance drilling, with a give attention to testing an necessary structural hall that passes via the Utsamo Goal. Utsamo is located between Aurion Sources’ Risti and Launi gold occurrences, and former subject campaigns have returned quite a few samples with anomalous gold, together with as much as 4.6 gt gold in floor sampling (see FireFox information launch dated September 3, 2019 ).
Carl Löfberg, Chief Govt Officer of FireFox Gold Corp., commented: “Jeesiö is a incredible mission with a number of gold targets in numerous settings over an enormous space. A lot of the realm within the north of the mission is roofed with glacial sediments, however the place outcrop and boulders happen, now we have seen appreciable gold. Rupert Sources lately documented that their persistent use of BOT sampling built-in with geophysics led to the brand new discoveries via glacial cowl at Space 1. This detailed survey at Jeesiö might be our first systematic work beneath the glacial cowl on this space, and we look ahead to producing precedence drill targets from these outcomes.”
The BOT program, which is anticipated to proceed into April 2021 , will intention to check the five-kilometre-long Utsamo Hall of complicated faults and shears which might be believed to occupy a flexure within the Sirkka Shear Zone (SSZ). BOT sampling is a shallow, percussion drilling methodology that enables for sampling under thick overburden in areas of restricted outcrop, similar to exists at Utsamo. The earlier BOT marketing campaign was reconnaissance in nature, comprised of solely two parallel sampling traces 2.5 kilometres aside. That work led to shallow drill holes that penetrated a thick part of fault gouge on a probable splay of the SSZ however no important gold. Firefox will use this BOT marketing campaign to construct a extra detailed structural map of the Utsamo Hall with related gold and alteration.
This system may even check the northwest continuation of the so-called “Hinge Zone” roughly two kilometres southwest of the Utsamo Hall (see Aurion Sources information launch dated December 3 rd , 2020). Aurion has encountered high-grade gold in quartz veins related to the Hinge Zone at Launi. A number of parallel brittle-ductile faults have been recognized passing via the Jeesiö Venture, generally related to high-grade gold in rock chips (as much as 4.6 g/t). The BOT sampling program will check these buildings beneath the glacial cowl.
BOT Program Particulars
The BOT program design contains as much as 700 intently spaced pattern factors in an space the place bedrock is roofed by an estimated 5 to 30 metres of glacial overburden (See Determine 1: https://bit.ly/3rhDp3f ). The basal until and bedrock interface might be focused utilizing a percussion drill mounted on a tracked car. Firm geologists will submit the ensuing samples for gold and ultratrace multi-element analyses.
The BOT-sampling traces have been deliberate to check the potential stratigraphy and structural targets passing via the Utsamo Hall, which have been prioritized primarily based on geophysical information and former mapping and drilling, together with:
- Structural intersections, notably these associated to late D 3 buildings – magnetics and EM;
- Magnetic lows alongside buildings parallel or sub-parallel to the SSZ;
- Conductors/obvious resistivity lows and in-phase anomalies; and
- Different structural tendencies recognized from a number of sources (e.g. Hinge Zone development).
Jeesiö Reconnaissance Drill Program Assessment
Within the fourth quarter of 2020, FireFox accomplished a 455-metre reconnaissance drill program within the Utsamo space. The Firm focused the SSZ with 4 shallow diamond drill holes (20JEE001-20JEE004) in a broadly spaced modified fence designed to chop as a lot of the structural hall as sensible (see Determine 1: https://bit.ly/3rhDp3f ). These drill holes didn’t encounter important gold mineralization, however there have been slim anomalies in base metals and gold pathfinder components related to hydrothermal alteration. The drilling intersected a lithological package deal consisting of sericite-altered arkosic quartzites interlayered with lesser intermediate tuffites, hypabyssal mafic sills and mafic to ultramafic volcanics.
Drill gap 20JEE001 was drilled immediately right into a fault zone characterised by in depth shearing (clay alteration), iron carbonate alteration, and powerful oxidation of each the arkosic quartzites and mafic-ultramafic rocks. Additional in direction of the southwest alongside the drill profile, drill holes 20JEE002-20JEE004 intersected arkosic quartzites which have been intruded by mafic sills.
Additional geological interpretation will comply with as this structural development plunges beneath glacial cowl to the northwest the place the in depth BOT survey is underway.
In regards to the Jeesiö Venture
The 100%-controlled Jeesiö Gold Venture covers roughly 142km 2 of the potential Central Lapland Greenstone Belt, proximal to different thrilling latest gold discoveries in Finland . The Jeesiö properties are positioned alongside the foremost regional construction often known as the Sirkka Shear Zone, a trans-crustal construction that controls the emplacement of a lot of the orogenic gold deposits in Lapland. The primary Jeesiö targets embody the Utsamo and Kataja Belt areas. Utsamo is located immediately between Aurion Sources’ Risti and Launi gold occurrences, whereas Kataja is simply two kilometres southwest from the gold-bearing quartz-sulfide vein system at Launi.
High quality Assurance
Dr. Petri Peltonen , Technical Advisor to FireFox Gold, is a certified particular person as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives. Dr. Peltonen has helped with the gathering and interpretation of the technical information generated on the Jeesiö Venture, has reviewed and approves, the technical info on this information launch.
Patrick Highsmith , Licensed Skilled Geologist (AIPG CPG # 11702) and director of the Firm, is a certified particular person as outlined by Nationwide Instrument 43-101. Mr. Highsmith has helped put together, and approves, the technical info on this information launch.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Enterprise inventory alternate beneath the ticker image FFOX. The Firm has been exploring for gold in Finland since 2017 the place it holds a mission portfolio that features over 170,000 hectares of potential floor.
Finland is without doubt one of the high mining funding jurisdictions on this planet as indicated by its a number of top-10 rankings in latest Fraser Institute Surveys of Mining Firms. Having a powerful mining regulation and lengthy mining custom, Finland stays underexplored for gold. Latest exploration leads to the nation have highlighted its prospectivity, and FireFox is proud to have a Finland primarily based CEO and technical staff.
For extra info, please check with the Firm’s web site and profile on the SEDAR web site at www.sedar.com .
On behalf of the Board of Administrators,
Chief Govt Officer
Ahead Wanting Statements
The data herein incorporates ahead trying statements which might be topic to various identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes to vary materially from these anticipated in our forward-looking statements. Components that might trigger such variations embody: adjustments in world commodity markets, fairness markets, the extent of labor stoppage and financial impacts which will outcome from the COVID 19 virus, prices and provide of supplies related to the mining business, change in authorities and adjustments to laws affecting the mining business.
Ahead-looking statements on this launch might embody statements relating to: the present and future work program, together with the extent and nature of exploration to be performed in 2020, in addition to the deliberate drilling meterage on the properties described. Though we imagine the expectations mirrored in our forward-looking statements are cheap, outcomes might range. The forward-looking statements contained herein characterize the expectations of FireFox as of the date of dissemination and, accordingly, are topic to alter after such date. Readers mustn’t place undue significance on forward-looking statements and mustn’t rely on this info as of another date. FireFox doesn’t undertake to replace this info at any specific time besides as required in accordance with relevant legal guidelines.
SOURCE FireFox Gold Corp.
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