Commits To Additional Drilling In Northern Finland
FireFox Gold Corp. (TSXV:FFOX) has secured two new properties near Rupert Resources’ Area 1 targets in the Central Lapland Greenstone Belt (CLGB) of Finland.
The 4.78 sq. km 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 programmes 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-mechanised exploration work for two 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 northern summer.
During the northern 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 sq. km 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.
Lehto2 is within a broadly similar lithological sequence as Keulakko but also includes banded iron formation (BIF) occurrences of up to 200 metre thickness.
Following the completion of the ongoing diamond core drilling programme at its Mustajärvi and Jeesiö Projects, the company intends to launch a combined bottom-of-till (BOT) sampling and scout diamond core drilling programme 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.
