"This initial reconnaissance drill program has demonstrated that the Utsamo Property covers what is believed to represent an important flexure in the
Program Results and Interpretation
At Utsamo, both gold in bottom-of-till (BOT) samples and anomalous Ionic Leach samples are spatially associated with the margins of magnetic bodies (mafic-ultramafic sills) and contacts between low and high resistivity domains. The IP resistivity low in Utsamo was interpreted to represent a near-vertical fault zone. Hole 19JEE001 started within the surface projection of the IP resistivity low and was drilled towards the NE, while holes 19JEE002 and 19JEE003 were drilled from the NE to the SW in order to transect the IP resistivity low (see Figure 1b: https://bit.ly/37dcvzM).
The three Utsamo drill holes intersected a lithological package consisting of arkosic quartzites interlayered with lesser intermediate tuffites and mafic volcanics, which are intruded by narrow mafic and ultramafic dykes or sills. Drill holes 19JEE002 and 19JEE003 intersected 25-metre thick fault gouge that was formed by extensive shearing, alteration and oxidation of both the arkosic quartzites and mafic-ultramafic rocks. The fault gouge was intersected about 100 metres down-dip and is comprised of pervasive clay alteration enriched in iron oxides. Importantly, it contains abundant fragments of quartz-carbonate-sericite veins – similar to those associated with gold elsewhere in the region. Despite the promising structure, lithological association and alteration, the fault gouge did not yield significant gold grades in these drill holes.
"All three of these shallow drill holes at Utsamo confirmed the presence of the targeted fault," stated Dr.
"The possibility remains that gold and other mineralization occurs at deeper levels of these sub-vertical fault zones. Alternatively, and probably more likely, the drilled structure is just one of many within this wide structural corridor, and the source of the gold indicated by the bottom-of-till and Ionic Leach samples is related to other second or third order faults nearby."
Since gold-bearing quartz-carbonate-tourmaline-sulfide veins and altered quartzites are frequently discovered in the Jeesiö Project area (see FireFox news release dated
About the Jeesiö
The Jeesiö
For additional details on the Project, please visit the Company's website www.firefoxgold.com.
Quality Assurance
The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the geological and geotechnical logging was conducted, and assay intervals selected by FireFox´s exploration team. Intervals were generally 1 m but in some circumstances were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody of the samples. The sampling procedures reported in this news release were conducted according to best industry practice, with due attention to quality assurance and quality control, including the insertion of standard and blank samples. After the logged core was cut in half it was transported to the ALS Minerals preparation laboratory in Sodankylä,
Dr.
About
For more information concerning the Company, please refer to the Company's profile on the SEDAR website at www.sedar.com.
On behalf of the Board of Directors,
"Carl Löfberg"
Chief Executive Officer
Neither
Forward Looking Statements
The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake to update this information at any particular time except as required in accordance with applicable laws.
It should also be noted that while FireFox's properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox's land packages is not necessarily indicative of mineralization on FireFox's properties.
SOURCE
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