FIREFOX GOLD CORP

FireFox reported that two diamond drill holes tested the sparsely drilled Gabbro Target and successfully intersected strong gold mineralization of  6.15m @ 4.10 g/t Au, including 1.05m @ 14.65 g/t Au from 224.15m depth in hole 26MJ057 . A second hole, collared farther east in the Gabbro Target to test a strong magnetic low, 26MJ058 intersected 2.25 @ 1.7 g/t Au from 124.0malso returned some narrow but significant gold intercepts.

The Gabbro Target is west of the main gold lodes at Mustajärvi, and this new intercept increases the strike extent of gold-bearing drill holes along the Mustajärvi Shear Zone (MSZ) to more than 2.5 kilometres. (Figure 4-1). Hole 26MJ057 targeted a conductor from a recent fixed loop electromagnetic (FLEM) geophysical survey.

The newly intersected high-grade mineralization around the gabbro body significantly elevates the prospectivity of this target, particularly as there are additional large FLEM and borehole EM (BHEM) targets modelled in the area that warrant immediate follow-up drilling.

Two other reconnaissance drill holes tested the previously undrilled Triangle Target approximately 500 metres north of the Northeast Zone and the main Mustajärvi trend (Figure 1). Both holes confirmed the interpreted north–south structure believed to host gold mineralization in the area and returned 2.7m @ 2.15 g/t Au, including 0.95m @ 3.58 g/t Au from 72.3m depth in 26MJ037 and 1.0m @ 2.8 g/t Au from 108.0 metres depth in 26MJ036:

Comments

The initial drill results in the Gabbro Target are encouraging. The intersections in the Triangle Target are the first drilled there and indicate  there is gold mineralization 500m north of the Northeast Zone possibly along a major cross fault.  The ground and borehole EM surveys continue to be effective tools for outlining drill targets at Mustajärvi.

Figure 4-1 Source Firefox Gold