Grows Mineralised Area In Finland By 650m
FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) has extended the drill-indicated gold system by an additional 650m along trend from the Northeast Target at its 100%-owned Mustajärvi Project in the Central Lapland Gold Belt of Finland.
Drill hole 21MJ004 was drilled 654m northeast of the previously reported bonanza-grade hole 21MJ001 and yielded 2.9m at 1.30 g/t gold. Drill hole 21MJ005, which was collared 580m from 21MJ001, returned 3.79 g/t gold over a 1 metre interval from 15m downhole, sitting atop a wider zone of weakly anomalous gold.
Key Implications:
- New gold mineralisation revealed along the probable continuation of the shear zone delineates a stretch of more than 2.1 km with gold-bearing drill intercepts;
- Quartz-carbonate-tourmaline-pyrite veins at new East Target are lower grade (so far) but consistent in mineralogy and geochemistry with high grade veins at Central Zone and Northeast Targets;
- The veins have variable continuity, but the larger and more sulphide-rich veins have been intersected in four drill holes (21MJ001, 21MJ002, 21MJ006, and 21MJ010) and appear to become higher grade with depth;
- Predictive 3D modeling of dilational jogs along the Mustajärvi Shear Zone continues to yield altered country rock and significant gold in drilling, even while exploring beneath overburden; and
- Geophysics and 3D modelling of the results indicate multiple untested targets in the vicinity of the Northeast and East Targets – another sizable drill programme is planned for winter of 2021 – 2022.
“These two holes were the first to test for mineralisation in this newly modelled part of the shear zone, so we are very excited to confirm new gold intercepts with similar alteration, vein mineralogy, and geochemistry to the established high-grade areas in the Central Zone and the Northeast Target,” President and CEO, Carl Löfberg, said.
“These first gold hits at the East Target are important because we know that persistence and hard work yielded bonanza grade intercepts at both the Central and Northeast Targets.
“Adding these new targets to the close step-outs planned around 21MJ001, we have some incredible targets lined up for the fall and winter drill program, which is fully funded,” he said.
In addition to the East Target holes, drill hole 21MJ006 was collared 170m northwest from 21MJ001, along the same drill section of the Northeast Target. It appears to have been successful in intersecting the lower grade up-dip continuation of the vein system that contained the bonanza grade, here averaging 3.0 metres of 1.31 g/t gold. Also reported herein is hole 21MJ007, which targeted interpreted structures within the gabbro on the western end of the property, but for which no significant gold results were received.
The individual veins encountered in the northeast part of the project have variable continuity, but some have been intersected along strike for more than 70m.
The vein system hosting bonanza-grade gold that was intercepted in 21MJ001 also appears to have been intercepted down-dip in 21MJ010 (for which assays are pending). These gold-bearing veins occur in swarms with potential for expansion along strike and at depth. In addition to 21MJ010, analytical results and geological interpretations are pending for three additional holes, 21MJ008, 21MJ009 and 21MJ011.
The Mustajärvi Project lies along the highway between the cities of Kittilä and Sodankylä, approximately 17 km east of Kittilä. The property straddles the Mustajärvi Shear Zone (MSZ), a major right-lateral shear zone that has associated second and third-order structures which further dissect the project into separate structural zones
FireFox has developed a structural model that has identified repetitive dilatant zones along the MSZ where vein swarms and higher-grade gold are concentrated. The main areas of mineralisation, so far, are the Central Zone and the Northeast Target, both of which host bonanza grade gold associated with clusters of veins in the footwall of the shear zone but are separated by more than 500m.
Including drill intercepts southwest of the Central Zone and extending through the Northeast Target, the MSZ hosts high-grade (>5 g/t) gold in arrays of narrow quartz veins along a corridor of more than 1.5 km
The FireFox team predicted another dilatant zone with similar characteristics 500 to 600m farther northeast from the Northeast Target Drill holes 21MJ004 and 21MJ005 were the first holes to test this area and the results confirm this zone as a new and additional zone of gold mineralization (the East Target) – extending the favourable trend to more than 2.1 km
The company’s geologists report that the three zones now known to host significant gold at Mustajärvi are quite comparable in their lithology, alteration, vein mineralogy, geochemisty, and their structural architecture.
For further information please visit: https://www.firefoxgold.com/
