Visible Gold In First Hole Of New Drill Program At Mustajarvi Gold Project

FINLAND - FireFox Gold Corp. has encountered coarse visible gold (VG) in the first drill hole of a newly commenced phase 4 diamond drilling program at its 100%-owned Mustajarvi Gold Project in the Central Lapland Greenstone Belt of northern Finland. The visible gold occurs as six discrete flakes (up to 1.0mm across) in a quartz-carbonate-tourmaline vein (QCT vein) within a 32-meter-wide zone of variably veined and altered metasedimentary rocks. The drill core is being logged and prepared for sampling, so no assays are available yet to confirm the quantity or extent of gold in the drill hole.

The Company has reported numerous drill intercepts of relatively narrow high-grade gold mineralization at the Mustajarvi Project since its first drill program in 2018, but this is the first visible gold reported by FireFox geologists at the project. Drill hole 21MJ001 is a significant step-out (150 meters) to the northeast from a recently reported high-grade intersection in drill hole 20MJ009 (2.0m at 33.25 g/t gold).

"We are very excited to report the first visible gold from drilling at the Mustajarvi Project. The new drilling has encountered significant zones of intense alteration and veining along trend but beyond the extents of previous drilling," said, Carl Löfberg, President and CEO. "In light of this favorable geology, we shall move quickly to secure assays on these samples and to carefully consider our plans for the current drill program."