VANCOUVER, BC, March 5, 2021 /CNW/ - FireFox Gold Corp.
("FireFox" or the "Company") announces the commencement of a new,
detailed, bottom-of-till (BOT) sampling campaign at its
100%-controlled Jeesiö Gold Project in the Central Lapland
Greenstone Belt, Finland. The BOT
program builds on recently completed reconnaissance drilling, with
a focus on testing an important structural corridor that passes
through the Utsamo Target. Utsamo is situated between Aurion
Resources' Risti and Launi gold occurrences, and previous field
campaigns have returned numerous samples with anomalous gold,
including up to 4.6 g/t gold in surface sampling (see FireFox news
release dated September 3, 2019).
Carl Löfberg, Chief Executive Officer of FireFox Gold Corp.,
commented: "Jeesiö is a fantastic project with multiple gold
targets in different settings over a huge area. Much of the area in
the north of the project is covered with glacial sediments, but
where outcrop and boulders occur, we have seen considerable gold.
Rupert Resources recently documented that their persistent use of
BOT sampling integrated with geophysics led to the new discoveries
through glacial cover at Area 1. This detailed survey at Jeesiö
will be our first systematic work under the glacial cover in this
area, and we look forward to generating priority drill targets from
these results."
The BOT program, which is expected to continue into April 2021, will aim to test the
five-kilometre-long Utsamo Corridor of complex faults and shears
that are believed to occupy a flexure in the Sirkka Shear Zone
(SSZ). BOT sampling is a shallow, percussion drilling method that
allows for sampling below thick overburden in areas of limited
outcrop, such as exists at Utsamo. The previous BOT campaign was
reconnaissance in nature, comprised of only two parallel sampling
lines 2.5 kilometres apart. That work led to shallow drill holes
that penetrated a thick section of fault gouge on a likely splay of
the SSZ but no significant gold. Firefox will use this BOT campaign
to build a more detailed structural map of the Utsamo Corridor with
associated gold and alteration.
The program will also test the northwest continuation of the
so-called "Hinge Zone" approximately two kilometres southwest of
the Utsamo Corridor (see Aurion Resources news release dated
December 3rd, 2020).
Aurion has encountered high-grade gold in quartz veins associated
with the Hinge Zone at Launi. Multiple parallel brittle-ductile
faults have been identified passing through the Jeesiö Project,
sometimes associated with high-grade gold in rock chips (up to 4.6
g/t). The BOT sampling program will test these structures beneath
the glacial cover.
BOT Program Details
The BOT program design includes up to 700 closely spaced sample
points in an area where bedrock is covered by an estimated 5 to 30
metres of glacial overburden (See Figure 1:
https://bit.ly/3rhDp3f). The basal till and bedrock interface will
be targeted using a percussion drill mounted on a tracked vehicle.
Company geologists will submit the resulting samples for gold and
ultratrace multi-element analyses.
The BOT-sampling lines were planned to test the prospective
stratigraphy and structural targets passing through the Utsamo
Corridor, which have been prioritized based on geophysical data and
previous mapping and drilling, including:
- Structural intersections, particularly those related to late
D3 structures – magnetics and EM;
- Magnetic lows along structures parallel or sub-parallel to the
SSZ;
- Conductors/apparent resistivity lows and in-phase anomalies;
and
- Other structural trends identified from multiple sources (e.g.
Hinge Zone trend).
Jeesiö Reconnaissance Drill Program Review
In the fourth quarter of 2020, FireFox completed a 455-metre
reconnaissance drill program in the Utsamo area. The Company
targeted the SSZ with four shallow diamond drill holes
(20JEE001-20JEE004) in a widely spaced modified fence designed to
cut as much of the structural corridor as practical (see Figure 1:
https://bit.ly/3rhDp3f). These drill holes did not encounter
significant gold mineralization, but there were narrow anomalies in
base metals and gold pathfinder elements associated with
hydrothermal alteration. The drilling intersected a lithological
package consisting of sericite-altered arkosic quartzites
interlayered with lesser intermediate tuffites, hypabyssal mafic
sills and mafic to ultramafic volcanics.
Drill hole 20JEE001 was drilled directly into a fault zone
characterized by extensive shearing (clay alteration), iron
carbonate alteration, and strong oxidation of both the arkosic
quartzites and mafic-ultramafic rocks. Further towards the
southwest along the drill profile, drill holes 20JEE002-20JEE004
intersected arkosic quartzites which were intruded by mafic
sills.
Further geological interpretation will follow as this structural
trend plunges beneath glacial cover to the northwest where the
extensive BOT survey is underway.
About the Jeesiö Project
The 100%-controlled Jeesiö Gold Project covers approximately
142km2 of the prospective Central Lapland
Greenstone Belt, proximal to other exciting recent gold discoveries
in Finland. The Jeesiö properties
are positioned along the major regional structure known as the
Sirkka Shear Zone, a trans-crustal structure that controls the
emplacement of most of the orogenic gold deposits in Lapland. The
main Jeesiö targets include the Utsamo and Kataja Belt areas.
Utsamo is situated directly between Aurion Resources' Risti and
Launi gold occurrences, while Kataja is only two kilometres
southwest from the gold-bearing quartz-sulfide vein system at
Launi.
Quality Assurance
Dr. Petri Peltonen, Technical
Advisor to FireFox Gold, is a qualified person as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects. Dr. Peltonen has helped with the collection and
interpretation of the technical data generated on the Jeesiö
Project, has reviewed 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 has been exploring for
gold in Finland since 2017 where
it holds a project portfolio that includes over 170,000 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 FireFox is proud to have a
Finland based CEO and technical
team.
For more information, please refer to the Company's website and
profile on the SEDAR website at www.sedar.com.
On behalf of the Board of Directors,
"Carl Löfberg"
Chief Executive Officer
Forward Looking Statements
The information herein 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, the extent of
work stoppage and economic impacts that may result from the COVID
19 virus, 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 and future work program,
including the extent and nature of exploration to be conducted in
2020, as well as the planned drilling meterage on the properties
described. Although we believe the expectations reflected in our
forward-looking statements are reasonable, results may vary. The
forward-looking statements contained herein represent the
expectations of FireFox as of the date of dissemination 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 laws.
SOURCE FireFox Gold Corp.
