FireFox Gold Engages Goldspot Discoveries For Target Generation Program

VANCOUVER, BC - FireFox Gold Corp. reported commencement of the next-generation integrated interpretation and targeting exercise for the Company's gold projects in the Central Lapland Region of Finland.

FireFox has engaged GoldSpot Discoveries Corp., a leader in utilizing artificial intelligence for target generation in mineral exploration. GoldSpot will apply machine learning and its proprietary expertise to delineate new drill-ready targets for orogenic gold mineralization, as well as identify prospective areas regionally. The process will involve analyzing all available geological and remote sensing data from FireFox's properties, including information from the current field program such as the results of the ongoing high-resolution airborne magnetics survey. GoldSpot will work closely with the FireFox technical team, as well as FireFox's Technical Advisor and orogenic gold specialist, Richard Goldfarb.

Chairman, Patrick Highsmith, said, "We are very excited to unleash GoldSpot's cutting-edge technology on our gold projects in northern Finland. Our new integrated team encompasses FireFox's deep Finland expertise and more than 120 years of economic geology experience, and the structural geology, geophysics, geochemistry, and technology mavens from GoldSpot. We believe the future of gold discovery will be driven by high-quality data, technical excellence, and smart application of machine learning."

The company also reported that its summer exploration program is well underway. The 2,100 line-kilometer unmanned aerial vehicle (UAV) based magnetic survey is approximately 50% complete with results expected by the middle of August. Trenching is underway at the Jeesio Project and the reconnaissance mapping and sampling program is ongoing. Several batches of samples have already been dispatched to the laboratory for gold and multi-element analyses.