Firefox Gold

FireFox Gold is focused on gold discovery in Finland. The Company was tailor-built to bring together seasoned gold industry leadership and deep expertise in Finland exploration.

The majority of the field work is focused on the Jeesiö and Sarvilehto (“Sarvi”) Projects, which are in a portion of the Central Lapland Greenstone Belt that has been a hotbed of recent activity by fellow explorers, Aurion Resources, Rupert Resources, and others. The primary objective of the program is to define drill targets at both Jeesiö and Sarvi for a fall and winter drill program in 2020.

There are four major elements of the summer exploration program:

A high-resolution UAV (unmanned aerial vehicle) based magnetics survey;

Excavator trenching and systematic sampling at several projects, and potentially other areas as prospecting results dictate;

Follow-up prospecting, reconnaissance mapping and sampling in areas of known gold mineralization or prospectivity, as well as newly acquired exploration reservations; and

A next-generation integrated interpretation and targeting exercise using multivariate data across the Company’s Lapland properties.

Patrick Highsmith, FireFox’s chairman, commented:

“WE ARE VERY EXCITED TO LAUNCH A SIGNIFICANT AND FULLY FUNDED SUMMER EXPLORATION PROGRAM THAT WILL INCLUDE A STATE-OF-THE-ART UAV MAGNETICS SURVEY AS WELL AS EXTENSIVE GOOD OLD-FASHIONED PROSPECTING. OUR JEESIÖ AND SARVI PROJECTS OCCUR ON-TREND WITH IMPORTANT STRUCTURES, WHERE WE HAVE ALREADY IDENTIFIED GOLD OCCURRENCES OF NOTE.”

DETAILED UAV-BASED SURVEY
The UAV-based survey was conducted in mid-July and spanned over 1,100 line-kilometres. Radai was responsible for the survey at the Jeesiö and Sarvi Projects and surrounding areas. Radai is an experienced, innovative Finnish provider of UAV-based geophysics and other services, who has conducted recent mineral exploration airborne surveys in Lapland for Boliden, Rupert Resources, and others.

The Radai team deployed a fixed-wing autonomous aircraft using a fluxgate sensor to measure total magnetic field. The aircraft operated at an altitude of 40 metres with flight line spacing of 50 metres in order to achieve high resolution. The detailed magnetic data will facilitate a careful analysis of bedrock geology beneath the glacial sediments, including faulting, folding, and alteration that may be important indications of gold mineralization.