Firefox Gold - Exploration in Finnland! (Seite 5)

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Interview mit Carl Löfberg:

http://www.commodity-tv.net/c/mid,39172,VRIC_2019/?v=298847

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Bergbau in Finnland

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High Grades Near Surface at Mustajärvi

Interessantes Video

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FireFox Gold Corp

High Grades Near Surface at Mustajärvi

Impact: Mildly Positive

Sampling at FireFox’s Mustajärvi project has successfully increased both the size and grade potential of the company’s drill targets for 2019. FireFox benefits from being in one of the best mining jurisdictions in the world and is strategically positioned as a significant land holder in the Central Lapland Greenstone Belt (CLGB). We expect positive drill results to generate the momentum needed for a re-rating of this newly public company.
Highlights:

High-grade mineralization near surface. Sample results point to expanding the near surface zones of the mineralization at Mustajärvi. Grab samples highlighted gold grades of >1g/t in 16 of the 66 samples across the property. The company also completed 42 chip channel samples successfully identifying two potential structures. The primary structure of was found to extend for 45m along strike at an average grade of 21.6 g/t Au (ranging from 0.66 to 140.5 g/t Au). The second northwest striking structure was identified for its potential to significantly increase the size of the target.
Advancing historical prospects in ready to drill targets. The company is following-up on drillholes completed by Outokompu from 1991 to 1992 (Figure 2) and is rapidly expanding its range of possible near-surface drill targets at Mustajärvi. Results from its 2017 and 2018 field seasons have succeeded in increasing the company’s understanding of the controls of the high-grade mineralization and diamond core drilling is currently underway.
Drill results and coming catalysts to shed light on potential. As its most advanced target, we expect drill results from Mustajärvi to be an important catalyst in the near-term (Q1/19). The company also recently provided an update on its Jeesiö project (Figure 1) where it is following up on five new gold targets.
Valuation:


As FireFox moves closer to a potential discovery it should close the material valuation gap to peers. At $0.29, the company has an EV of C$6M with $2M in cash and a significant land package in the CLGB. Despite this, the company is currently significantly discounted relative to peers. Upcoming Catalysts include 1) Drill results from Mustajärvi Q1/19 2) Further exploration and commencement of drilling at Jeesiö.

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FireFox Gold Corp

Poised for Discovery in 2019

Impact: Mildly Positive

Results from FireFox’s 2018 fieldwork has surfaced several new gold targets allowing the company to close-in on potential drill prospects for 2019. We believe FireFox is a mispriced gold explorer, advancing multiple targets over a significant land package in one of the best mining jurisdictions in the world.

Highlights:

Multiple targets - just the beginning. The company has consolidated a database of 2751 samples at Jeesiö resulting in the identification of five new targets including: Utsamo, Utsamovaara, Homelampi, Jeesiö West, and Kokko (Figure 1). While early stage, these targets continue to highlight the prospectivity of the Central Lapland Greenstone Belt (CLGB) and FireFox’s 98,000-hectare land package within it (Figure 2) which has never been systematically explored for gold.
Equally prospective, yet undervalued. FireFox has the second largest land package within the CLGB and several prospective targets; however, it trades at steep discount to other CLGB explorers. While both Aurion Resources (C$75M Market Cap) and Rupert Resources (C$122M Market Cap) have more advanced projects, the valuation gap between these two companies and FireFox appears excessive.
Near-term catalysts should close valuation gap. The company and its Finnish management team have actively been exploring in the region with combined exploration experience of more than 100 years. While the company has just come public, it has been actively exploring throughout 2018, as evidenced by these results. In the near-term (Q1/19), we expect drill results from the companies most advanced project, Mustajärvi. At Mustajärvi, the company is following up on historic near-surface drilling, which was highlighted by 2.7m at 14.6 g/t Au.

Valuation:
On the path to discovery, discounted valuation likely to change as exploration ramps up. At $0.29, the company has an EV of C$6M with $2M in cash. This company has a number a prospective projects in the CLGB, and has the funding to advance them towards a discovery in 2019. Upcoming Catalysts include 1) Drill results from Mustajärvi Q1/19 2) Further exploration and commencement of drilling at Jeesiö.


Click Here for Full Article

http://www.redcloudks.com/rckstalk

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Präsentation

https://www.firefoxgold.com/images/Presentation/Firefox_Gold…

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Jeesiö property

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News

Firefox Gold identifies gold targets at Jeesio

2018-12-27 13:50 ET - News Release

Mr. Carl Lofberg reports

FIREFOX GOLD IDENTIFIES NEW GOLD TARGETS FROM TILL SAMPLING ON ITS JEESIO GOLD PROJECT AND COMMENCES DRILLING AT MUSTAJARVI GOLD PROJECT, NORTHERN FINLAND

Following its successful initial public offering, Firefox Gold Corp. has identified new gold targets from its recently compiled geochemical database for its Jeesio gold project in the Central Lapland greenstone belt (CLGB) of northern Finland. Five new targets have emerged from new interpretations of geochemistry and geology, two of which are closely associated with the Sirkka and Venejoki Thrust zones (STZ and VTZ). These major structures are known to host several of the gold deposits in the CLGB.

The new database for the Jeesio project now includes 2,751 samples with gold analyses, many being accompanied by a full suite of pathfinder elements. The database includes 838 new till samples from the company's now-completed bottom-of-till (BOT) sampling programs, and 786 gold and multielement analyses of historical Geological Survey of Finland (GTK) samples that were not previously analyzed for gold. Furthermore, the database includes 1,127 previously unpublished gold analyzes purchased from the GTK.

"Our initial sampling and data compilation programs at Jeesio have been very successful outlining numerous new targets for follow-up exploration," commented Carl Lofberg, chief executive officer of Firefox. "The new prospects are called: Utsamo, Utsamovaara, Homelampi, Jeesio West and Kokko. We have already conducted follow-up BOT sampling at the Utsamo and Homelampi targets, extending the previously identified gold-in-till anomalies. This new data improves our understanding of the major controlling structures in the CLGB and is helping us focus on drill targets for the near future."

Firefox is also pleased to report that it has commenced a diamond drill program at its Mustajarvi gold project, located approximately 10 kilometres northwest of the central Jeesio property. Additional details on the drill program will be reported in the first quarter of 2019.

Geology and program details

The Jeesio project is located near the southern margin of the CLGB. The northern portion occupies a poorly exposed package of highly deformed Paleoproterozoic-aged mafic volcanic and sedimentary rocks. These rocks underwent three ductile compressional events during the period 1.79 billion to 1.92 billion years ago, followed by one or more stages of brittle deformation. The earliest two phases of ductile compression produced thrust faults, the most important of which are the STZ (north) and VTZ (south), both of which have been traced for more than 100 square kilometres.

The southern portion of the Jeesio project overlies Archean-aged volcano sedimentary complexes, which are also covered by a few metres of till. Outcrop is very scarce and till sampling is therefore a very effective method of geochemical exploration in the region. The gold content of till samples in the Jeesio project area is relatively high; 385 samples in the project database exceed regional background of 10 parts per billion gold (Au) in till.

Homelampi is a historical target that has seen only limited exploration. It is located along the VTZ and gold anomalies in the historic GTK databases suggest there is significant gold dispersed in the local till. The mineralization encountered at Homelampi is associated with chromium-rich fuchsite quartzites. The mineral fuchsite is often associated with orogenic gold mineralization. Homelampi underwent limited drill testing in the early 1990s by four short diamond drill holes, only one of which is preserved. According to the drill logs, low-grade gold was observed in all four drill holes associated with fuchsite, with the best intersection returning 0.3 part per million Au over 2.07 metres.

Historic exploration results may not reflect actual exploration results. Firefox has not done sufficient work to verify the historical sampling discussed in this news release. While the company believes the data were generated professionally and consistently with good practice of the day, unverified historic results are not to be relied upon. These historic drill hole results are cited to indicate the character of gold mineralization in this part of the CLGB. During actual mining, there may be internal waste and dilution that is not reflected here.

After completion of the company's recent BOT sampling program, the anomalous gold zone at Homelampi now measures approximately 1,300 by 400 metres (defined by gold grades in excess of 100 ppb Au in till), highlighted by till samples containing 601 and 1,070 ppb Au.

The STZ is interpreted to be offset by secondary structures that cross the company's Jeesio NE tenement area. Along these structures, the company has identified new zones of highly anomalous gold-in-till values, designated the Utsamo and Utsamovaara targets. Anomalous till samples in the area range from 21 to 454 ppb Au and are coincident with a 2.8-kilometre-long trend that follows the contact between mafic intrusive rocks and metasediments.

The company continues its exploration activities at the Jeesio project, including additional till sampling, trenching and geophysical surveys with the goal of identifying integrated drill targets by later this year.

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https://www.firefoxgold.com/