FireFox Gold Intersects 16.6 Meters at 5.83 g/t Gold, Extending Lammas Zone
FireFox Gold Corp. (TSXV:FFOX) announced positive drilling results from hole 26MJ035 at its Lammas Zone within the Mustajärvi project. The drill hole intersected 16.6 meters grading 5.83 grams per tonne of gold, including a high-grade interval of 1.05 meters at 51.5 grams per tonne. A 200-meter step-out hole successfully encountered mineralization, expanding the defined strike length of the zone to approximately 260 meters.
The latest findings represent early-stage exploration progress, establishing a fourth high-grade gold zone running parallel to the main shear structure at Mustajärvi. Because the target zone remains open in all directions, the positive intercepts highlight potential lateral continuity and footprint growth across the target area. FireFox Gold shares traded at 0.58 CAD, down 3.33% on the day.
Investors will be watching for additional assay results as the drilling rig returns to complete up to eight more holes at the site. Future catalysts for the project include continued success with step-out drilling, thicker mineralized intervals along depth and strike, and progress toward an initial mineral resource estimation.
Key points
- Drill hole 26MJ035 intersected 16.6 meters at 5.83 g/t gold, including 1.05 meters at 51.5 g/t gold.
- Exploration results extended the defined strike length of the Lammas Zone to roughly 260 meters.
- The Lammas Zone remains open in all directions, with a 200-meter step-out hitting mineralization.
- FireFox Gold is returning a drill rig to the site to execute up to eight follow-up drill holes.
- FireFox Gold Corp. (TSXV:FFOX) shares were trading at 0.58 CAD, down 3.33%.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
What drill results did FireFox Gold report at the Lammas Zone?
FireFox Gold reported an intercept of 16.6 meters grading 5.83 g/t gold in hole 26MJ035, which included 1.05 meters at 51.5 g/t gold.
How far has the Lammas Zone strike length been extended?
A successful 200-meter step-out hole hit mineralization, extending the defined strike length of the Lammas Zone to approximately 260 meters.
What are the next steps for FireFox Gold at Mustajärvi?
A drilling rig has been returned to the project to drill up to eight additional holes to test further extensions of the open mineralized zone.