Firefox Gold (FFOX.V) has now completed the Phase 2 drill program on its Mustajarvi project in Finland where it was following up on previous exploration results. The assay results obviously aren’t back in yet but we hope to see some initial results before the end of this month.
A total of 1431 meters of drilling has been completed at Mustajarvi and as released before, the first four holes will zoom in on the high-grade results that were encountered in last winter’s exploration drill program (with for instance 2 meters containing just over 45 g/t gold) and two holes will test the ground for mineralization an additional 25 and 50 meters down dip, while the remaining two holes will try to expand the mineralization by 25 meters both to the east and the west.
Holes 5&6 will focus on the areas that have previously been drilled by Outokumpu which encountered additional high-grade zones. One hole will test for the continuation of this mineralization, while hole 6 will try to twin one of the historical holes in an attempt to recover more of the core (which will help with the interpretation of the structures) as Outokumpu’s drill program had very poor core recovery results due to faults and fractures in the rock.
Holes 7-9 will be the bigger stepout holes as Firefox would definitely like to test whether or not it has a potential elephant by its tail. Two of the three final holes will be drilled almost half a kilometer away towards the northeast while the final hole will be a stepout hole 250 meters in the opposite direction (southwest).
Now the Phase 2 drill program at Mustajarvi has been completed, Firefox will reposition the drill rig to the Utsamo target on the Jeesio Gold Project. It looks like only three holes will be drilled for now, for a total of 350 meters. The three reconnaissance holes will be drilled on the northern part of the continuation of the Sirkka shear zone which has a strike length of approximately 2.8 kilometers on Firefox’ land claims. The drill holes will target the contact zone between the gabbroic sills and the hydrothermally altered metasediments, as this has been a reliable method to discover gold in the Central Lapland Greenstone Belt.
And Firefox is doing more than drilling: the company is currently working on a 250 meter long trench at the Homelampi target where previous exploration programs (Bottom of Till sampling programs) have returned anomalous gold values with grades of up to just over 1 g/t gold.
Disclosure: The author has a long position in Firefox Gold. Firefox is a sponsor of the website.
