In a significant development for the mining sector, FireFox Gold Corp. has announced promising results from its recent drilling activities at the Sarvi project in Lapland, Finland. The initial findings from the drilling campaign have revealed a high-grade gold intercept, generating excitement among investors and geologists.
The most notable result comes from drill hole 25SA003, which indicated a gold zone measuring 1.75 metres with an impressive average grade of 27.48 grams per tonne (g/t).
This interval includes a concentrated section of 0.8 metres that yielded 53.50 g/t gold. These discoveries have unlocked new exploration opportunities within the project, which is wholly owned by FireFox.
Table of Contents:
Drilling context and geological insights
The reconnaissance program sought to examine specific geological structures identified through magnetic surveys, revealing intriguing magnetic anomalies. The Geological Survey of Finland (GTK) conducted nearby drilling in the past, uncovering moderate gold grades in narrow intervals. FireFox’s drilling activities have targeted these interpreted structures, where magnetic highs and gradients suggest potential mineralization.
Geological composition and findings
Both 25SA003 and another hole, 25SA001, began in thin glacial sediments approximately 2 to 4 metres deep. The drilling intersected various rock types, including mafic tuff, black shale, and sulphide-rich iron formations associated with the Porkonen Formation within the Kittilä Suite volcanic rocks. The notable high-grade interval was located within a 3.2-metre-thick breccia zone rich in sulphides, showcasing patches of arsenopyrite and chalcopyrite.
Additionally, a 5-centimetre thick vein of arsenopyrite was logged, indicating an association with elevated concentrations of gold and other elements, including silver, arsenic, bismuth, and tellurium. In contrast, 25SA001 provided anomalous gold values but did not yield significant mineralization.
Strategic importance of the Sarvi project
The Sarvi project is strategically positioned, sharing an 8-kilometre boundary with the Area 1 Project owned by Rupert Resources, which contains the renowned Ikkari gold deposit. Despite limited outcrops, it is believed that the geology is dominated by the Kittilä Suite volcanic formations, recognized for their gold-bearing potential.
Exploration advancements and future prospects
FireFox is optimistic about the future of the Sarvi project, particularly as geological understanding has improved through magnetic surveys and extensive drilling efforts. In, systematic exploration was initiated, leading to the identification of narrow intercepts containing elevated levels of not only gold but also silver, arsenic, copper, and molybdenum. The latest drilling phase, which involved five holes at the Keulakko permit, aimed to explore promising structural breaks and magnetic anomalies in the area.
The results from 25SA003 have revitalized the exploration narrative, highlighting the potential for further discoveries. A deeper understanding of the geology is expected as assays from additional drill holes are anticipated soon, further guiding FireFox’s exploration strategy.
As the company continues to analyze the data and refine its exploration initiatives, stakeholders are keenly awaiting the next steps in unlocking the full potential of the Sarvi project.
