-- FireFox Gold (FFOX.V) Thursday said seven additional drill holes from the Mustajarvi Gold Project drilling program intercepted gold mineralization above the cutoff grade.
The drilling to the south confirms that the high-grade gold system continues throughout this area, with significant mineralization encountered both in shallow intervals and at greater depths than in the previous surrounding high-grade holes 25MJ001 through 25MJ003, a statement said. Mustajarvi is in Lapland, Finland.
Examples of the best intervals include 5.0m averaging 6.29 grams per tonne (g/t) gold from 116m depth, including 1m at 24.9 g/t gold; and 13.0m averaging 4.57 g/t gold from 163.8m depth, including 3m at 11.66 g/t gold.
"As drilling continues, these results confirm strong gold mineralization in the southern part of the East Zone, which effectively extends the footprint of the system to approximately 400 by 250 metres. The East Zone remains open to the southwest, the west, and the northwest as it grows into the gap with the Northeast Zone," said chief executive Carl Lofberg.
Firefox shares were last seen down $0.02, to $0.60, on the TSX Venture Exchange.
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