FireFox Gold is a paying customer of this website. This article is not intented to be used as unbiased research. This news release is for Canadians only.
Why is FireFox up 20% today? Because of their recent news release.
FireFox Gold is an exploration company that holds a lot of ground in Finland. Watch the company’s CEO explain why in this interview.
FireFox just reported results from its drill program at the 100%-owned Mustajarvi project.
So far this year, 19 diamond drill holes, totalling 2,930 metres have been completed. 4 holes at Mustajarvi hit significant mineralisation, close to the surface – right under the overburden. Results are pending from 7 additional holes
The details of several key drill intercepts are highlighted below:
- 22MJ006: 13.85m at 14.39 g/t Au from 24.2m depth, including
- 5.65m at 25.02 g/t Au; including
- 1.0m at 59.70 g/t Au
- 22MJ006: 2.0m at 4.30 g/t Au from 11.0m depth
- 22MJ005: 2.1m at 8.26 g/t Au from 33.6m depth, including
- 1.15m at 12.53 g/t Au
- 22MJ005: 0.8m at 65.28 g/t Au from 57.0m depth
- 22MJ011: 8.1m at 3.03 g/t Au from7.9m depth
- 22MJ011: 2.0m at 5.11 g/t Au from 31.0m depth
The Mustajarvi project is a smaller project so it’s good that it’s higher grade. It’s also relatively young. In total, FireFox and predecessors combined, have driled just over 11K metres to date.
Table of significant intercepts for Mustajarvi, with a cut-off grade at 0.5 g/t Au.
| Drill Hole | From (m) | To (m) | Interval* (m) | Au Grade (g/t) | G-T (g-m) |
| 22MJ006 | 11.0 | 13.0 | 2.0 | 4.30 | 8.6 |
| including | 11.0 | 12.0 | 1.0 | 7.01 | |
| 24.15 | 38.0 | 13.85** | 14.39 | 199.3 | |
| including | 24.15 | 29.8 | 5.65** | 25.02 | |
| including | 28.8 | 29.8 | 1.0** | 59.70 | |
| 42.0 | 45.0 | 3.0 | 1.30 | 3.90 | |
| 22MJ005 | 10.0 | 13.0 | 3.0 | 2.34 | 7.0 |
| including | 12.3 | 13.0 | 0.7 | 5.23 | |
| 18.8 | 21.7 | 2.9 | 1.56 | 4.5 | |
| 29.6 | 31.6 | 2.0 | 1.79 | 3.6 | |
| 33.6 | 35.7 | 2.1 | 8.26 | 17.4 | |
| including | 33.6 | 34.75 | 1.15** | 12.53 | |
| 43.0 | 44.0 | 1.0 | 2.04 | 2.0 | |
| 57.0 | 57.8 | 0.8** | 65.28 | 52.2 | |
| 61.9 | 65.0 | 3.1 | 0.90 | 2.8 | |
| 22MJ011 | 7.9 | 16.0 | 8.1 | 3.03 | 24.5 |
| 27.7 | 29.2 | 1.5 | 2.59 | 3.9 | |
| 31.0 | 33.0 | 2.0 | 5.11 | 10.2 | |
| including | 32.5 | 33.0 | 0.5 | 8.08 | |
| 22MJ007 | 86.2 | 87.0 | 0.8 | 2.02 | 1.6 |
| 91.0 | 92.0 | 1.0** | 9.54 | 9.5 | |
| * Drilling is believed to be perpendicular to the dip of the mineralization, however true widths are not yet known and will be confirmed with additional drilling and geological modelling. ** Selected intervals will be subjected to a 1,000gm screen fire assay protocol designed to capture coarse gold |
FireFox also reported, in this news release, that the first patch of holes have been drilled at The Sarvi project, which is a bigger patch of land. Those drill holes came back empty, thus no significant mineralisation. This is not great news. However, the Sarvi project is an early-stage exploration project which means that even misses can be good for business later on.
Find more information and the full news release here.
Warning
Antonio Atanasov is not an investment advisor. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
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