Boosts Position In Central Lapland Greenstone Belt Play
FireFox Gold Corp. (TSX:FFOX) has boosted its gold exploration tenement holdings in the Central Lapland Greenstone Belt, Finland (CLGB) to approximately 800 sq. km with a series of new acquisitions.
Since the middle of 2020, FireFox has added almost 500 sw. km2 of exploration reservations and permits to its tenure in the CLGB.
Important new reservations were granted in late January and early March including Mantovuoma (Manto), Paartoselkä (Paarto), Kuussatta and Nunara.
CEO, Carl Löfberg, said these most recent additions to the portfolio are significant because of their alignment with major gold-hosting structures and/or their proximity to the Kittilä Mine.
The company has also cemented its control of a huge block of prospective Kittilä Suite volcanic rocks north from Rupert’s Area One discovery around its existing Sarvi and Lehto permit applications.
“The new gold rush in Lapland has resulted in a very tight land situation,” Mr Löfberg said.
“The FireFox team has again proven itself to be one of the most nimble local experts in Finnish gold exploration by expanding our portfolio in key target areas.
“These huge new exploration reservations enable us to expand our strategy by considering strategic partnerships and joint ventures on some properties.
“We continue to aggressively explore our flagship projects and are looking forward to our core drilling program in April.”
Mr Löfberg said FireFox has now added substantive new projects that have seen millions of dollars of historical exploration by GTK, Outokumpu, and others.
These additions expand upon the company’s flagship assets at Jeesiö, Sarvi, and Mustajärvi. Many of the key targets at these flagship projects are associated with the Sirkka Shear Zone (SSZ) and its associated splays, whereas most of the additional projects are hosted in the Kittilä Suite volcanic rocks, which host Agnico’s Kittilä Mine.
The high-quality Finnish technical databases and drill core archives contain extensive information on most of the new projects, including significant gold showings in historic till sampling and core drilling.
