Earlier in September, Firefox Gold (FFOX.V) released additional drill results from the final four holes of its Phase 4 diamond drill program on its Mustajarvi gold project in the Central Lapland Greenstone Belt. Hole 8 and 9 didn’t seem to contain any noteworthy intercepts as FireFox’s table with the >1 g/t gold intervals only mentions holes 9 and 10, but the latter is for sure a very interesting hole.
The drill bit intersected a wider zone of just over 16 meters containing 7.69 g/t gold, including a few distinct zones of higher grade mineralization such as 90 centimeters of 42.5 g/t gold and a few other narrow intervals containing high-grade gold mineralization.
FireFox is excited about these results as CEO Löfberg commented that extending the high-grade mineralization is a breakthrough for the company as the technical team has now been able to predict, test and intercept new high-grade gold occurrences along a one kilometer strike length. The thickness of the mineralization seems to be growing at depth, and Firefox expects a core rig to be back at the Mustajarvi drill sites in early October to further drill out the high-grade zones while additional targets at depth and towards the northeast will be drill-tested as well. The FireFox model is based on repetitive dilatant zones along the Mustajarvi Shear Zone where higher grade gold areas are occurring in vein swarms at three distinct target areas along a 2.1 kilometer long trend; the Central Zone, the Northeast Target and the East Target.
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