Earlier this month, Firefox Gold (FFOX.V) announced it has added two additional properties to its existing portfolio which has now been boosted to in excess of 1,700 square kilometers. In July, the Finnish mining authority approved a new exploration reservation of approximately 71 square kilometers between the Jeesio and Mustajarvi projects and just south of the Sirkka Shear zone. According to Firefox there hasn’t been any exploration activity on the Kelontekema property other than a few till samples which highlighted a few gold anomalies.
A second exploration reservation permit covering almost 150 square kilometers was granted in early September. This property is approximately 4 kilometers away from Rupert Resources’ (RUP.V) Pahtavaara mine and just over 20 kilometers from the Kittila gold mine, owned and operated by Agnico Eagle Mines (AEM, AEM.TO). In its press release (which you can read in its entirety HERE), Firefox Gold does a good job in explaining why this area is of interest to the company.
In other news, Firefox has appointed Quinton Hennigh to its technical advisory board. Although Hennigh already sits on a few dozen boards and technical advisory committees, he seems to have found the time to assist Firefox in its quest to find more gold mineralization in Lapland.
Disclosure: The author has a long position in Firefox Gold. Firefox is a sponsor of the website.
