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Yahoo
23-04-2025
- Business
- Yahoo
Talon Metals Feasibility Study Drilling Shows Potential Lateral Extension of High-Grade Nickel-Copper Mineralization Beyond the Southernmost Tip of the Tamarack Resource Area
Step-out hole intercepts massive sulphide beyond current resource boundary; BHEM survey identifies possible extension to the east Tamarack, Minnesota--(Newsfile Corp. - April 23, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce the potential extension of its Massive Sulphide Unit ("MSU") beyond the Tamarack Resource Area. Highlights: In the Company's February 3, 2025 press release, Talon explained that, among other things, the Company's feasibility study drilling program aimed to test whether high-grade massive sulphide below the 138 Zone extends beyond drill hole 13TK0171, the last drill hole at the southern tip of the Tamarack Resource Area. Historically, drill hole 13TK0171 intercepted 7.74m of massive sulphide assaying 8.01% Ni, 2.87% Cu, 1.16 ppm Pd+Pt+Au or 9.51% NiEq (see the November 2022 Technical Report for further technical information). The percentage of sulphide content logged over the 7.74m interval was approximately 90%. New drill hole 25TK0555 intercepted 1.9 meters of massive sulphide (see Figure 2), logged as approximately 70% sulphide content, approximately 27 meters east of drill hole 13TK0171. A strong off-hole Borehole Electromagnetic ("BHEM") conductor points to mineralization extending even further east (see Figure 1). Figure 1: Plan view map of the southern portion of the Tamarack Resource Area. Talon's feasibility study drilling program intercepted 1.9 meters of massive sulphides (logged as approx. 70% sulphides) 27 meters east of the Tamarack Resource Area. To view an enhanced version of this graphic, please visit: Figure 2: Photo of drill core from drill hole 25TK0555 at 581.97 meters depth showing 1.9 meters of massive sulphide. To view an enhanced version of this graphic, please visit: Feasibility study drilling will continue while Talon prepares to mobilize three of its five drill rigs to Michigan where drilling will continue at the Boulderdash target (see the Company's press release from March 5, 2025 for further information). "As previously reported, Talon extended drill hole 16TK0250 and intercepted 8.25 meters logged as 95% sulphide content 150 meters below and 50 meters south of drill hole 13TK0171. Drill hole 25TK0555 shows that similar massive sulphide mineralization is also open laterally to the east," said Etienne Dinel, Talon's VP of Geology. "Talon is delivering on the business plan outlined in our February 3, 2025 press release, 'Turning Resources into Results', as the United States moves to further investigate the national security risks of relying on imported critical minerals," said Henri van Rooyen, CEO of Talon. "China and Russia have openly aligned to deepen America's dependence on their nickel supply for both defense and industrial use. Talon is not just another mining project, it's a critical minerals initiative purpose-built to help restore control over U.S. supply chains. Through innovation, we aim to mine and process the world's most responsibly produced nickel right here in the United States." QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022 ("November 2022 Technical Report") prepared by independent "Qualified Persons" (as that term is defined in National Instrument 43-101 ("NI 43-101")) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical and testing procedures at the Tamarack Nickel Copper Project. Copies are available on the Company's website ( or on SEDAR at ( The laboratory used is ALS Minerals who is independent of the Company. Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate. Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information. Where used in this news release: NiEq% = Ni% + Cu% x $3.75/$9.50 x Cu Recovery/Ni Recovery + Co% x $25.00/$9.50 x Co Recovery/Ni Recovery + Pt [g/t]/31.103 x $1,000/$9.50/22.04 x Pt Recovery/Ni Recovery + Pd [g/t]/31.103 x $1,000/$9.50/22.04 x Pd Recovery/Ni Recovery + Au [g/t]/31.103 x $1,400/$9.50/22.04 x Au Recovery/Ni Recovery For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report. Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries were used for the other metals: 64.1% for Co, 82.5% for Pt, 69.3% for Pd and 72.6% for Au. ABOUT TALON Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. For additional information on Talon, please visit the Company's website at or contact: Media Contact:Jessica Johnson(218) 460-9345johnson@ Investor Contact:Mike Kicis1 (647) 968-0060kicis@ FORWARD-LOOKING STATEMENTS This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to future exploration work, including future drill results and assays, and the potential expansion of mineralization. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Table 1: Collar Location of Drill Hole 25TK0555 Hole (#) Easting (m) Northing (m) Elevation (masl) Azm Dip End Depth (m) 25TK0555 491049.2 5168344.4 388.0 78.0 -86.5 617.83 Collar coordinates are UTM Zone 15N, and dips are taken from the survey record at collar unless otherwise noted. Table 2: Quick Lithology Log for Drill Hole 25TK0555 Hole (#) From (m) To (m) Length(m) Quick Log % Sulphides 25TK0555 0 33.48OB33.48 414.83FGO/MZNO Traces 414.83 502.01 87.18 FGO/MZNO 5-10% 502.01 537.01FGO/MZNO537.01 570.05CGO570.05 581.97SED581.97 583.87 1.9 MMS/MSU 70% 583.87 617.83CGOQuick lithology log of drill holes: Overburden (OB) Meta-sedimentary rocks (SED); Coarse-grained Orthocumulate (CGO); Fine-grained Orthocumulate/ Mixed Zone (FGO/MZNO); Massive and mixed sulphide (MMS/MSU). To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Power Metallic Expands the Tiger Zone - First Indications of Lion Style Copper Dominant Mineralization at Tiger
TORONTO , /CNW/ - Power Metallic Mines Inc. (the"Company" or"Power Metallic") (TSX-V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of 4 holes from the winter 2025 drilling campaign focused on the Tiger Zone. The four holes (PN-25-098, 099, 101, 102) were testing off-hole EM (BHEM) anomalies generated from previously reported drill holes PN-24-090 and 094 (news release March 25, 2025 ). All holes hit Lion style polymetallic mineralization (copper dominant) at shallow vertical depths from 50-100 meters below surface (Table 1). Power Metallic has been exploring multiple zones during the winter 2025 campaign, including the Lion Zone, Nisk Zone, Nisk East Zone, and Tiger Zone (Figure 1). The targets of the winter drilling extends over approximately 8km of strike of favorable stratigraphy. Assay results are beginning to come in on all zones, and this news release is focused on the Tiger Zone located approximately 700m east of the Lion Zone (Figure 1). TIGER ZONE DRILL RESULTS The discovery of the Tiger Zone (PN-24-094) was followed up in the winter 2025 campaign with BHEM surveying on the drill holes then available in the Tiger area (PN-24-088, 089, 090, 094). The resulting off-hole EM anomalies were drilled and all hit mineralization (Figure 2). Tiger currently remains the smallest mineralized zone along the Nisk trend but retains good potential for a significant polymetallic discovery. For the drill holes reported here weak mineralization consistent with Lion style polymetallic mineralization was intersected in holes PN-25-098 and 101, but significant Lion style mineralization was intersected in holes PN-25-099 and 102 (Table 1). Hole PN-25-099 is the first indication at Tiger of broader widths of a Lion style polymetallic zone (14.3 meters @ 0.96% CuEqRec 1 including 6.0 meters @ 1.84% CuEqRec 1). This intersection appears to be an up plunge extension of mineralization in hole PN-24-094. Hole PN-25-102 had a narrow Lion style zone, but the high grade tenor of the Cu dominant mineralization (1.00 meter at 6.37% CuEqRec 1) in this hole is similar to the high grade Lion Zone. The very shallow depths of these intersections (40-60 meters below surface), and the +300m distance along strike between the holes provides a large untested area for additional exploration. BHEM completed on these four holes has defined multiple off-hole EM anomalies (Figure 3) that will help direct future exploration in this area when Power Metallic returns following spring breakup. UPCOMING EXPLORATION RESULTS Commenting on the results to-date at Tiger, CEO Terry Lynch stated "As a stand-alone prospect, Tiger is becoming increasingly compelling. It's not yet at Lion's level, but recent results show clear promise. With operations paused for the annual goose hunt, we're reviewing new drill data, re-evaluating geophysics, and preparing Tiger, Lion, and our other zones for a major ramp-up this summer with six rigs." In the coming weeks drilling results from the remaining 20 drill holes completed in the winter 2025 program will be logged, sampled and assayed. It is anticipated that assay for 4 holes from the Lion Zone (holes PN-25-096, 097, 100, and PML-25-001) will be available for release by next week. This will be followed by further Lion drill results in the coming weeks, and results from Nisk and Nisk East drill holes as well as two additional exploration holes in the Tiger area. The winter 2025 drilling campaign has ended for the season, with expected restart of drilling in late May. This shutdown is to transition from winter drilling conditions to summer, allowing the land to dry out prior to restart. During the shutdown, the core facility at Nisk will be doubled to accommodate up to six drills. The shutdown also coincides with respecting the annual goose hunt held every spring by the indigenous Cree nations. In support of the Cree hunting culture Power Metallic participated with 15 other mining and exploration companies in providing a financial contribution totalling $750,000 for the Reconstruction Initiative Forest Fires Fund 2023 ("RIFFF"). In 2024, 50 cabins damaged in the 2023 forest fires were rebuilt, and a further $200,000 will be used to continue the cabin rebuild process in 2025. Table 1: Significant assay results from this news release - Tiger Zone Note: Reported length is downhole distance; true width based on model projections is estimated as 85% of downhole length Previously released drill results are available in a public database accessible as a download on Power Metallic's website. Currently this database contains hole assay and collar information up to hole PN-24-75 but will be updated soon with all remaining publicly released holes. 1 Copper Equivalent Rec Calculation (CUEqRec 1) CuEqRec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and a recovery grade of 80% for all commodities, consistent with comparable peers. Qualified Person Joseph Campbell , VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release. About Power Metallic Mines Inc. Power Metallic is a Canadian exploration company focusing on developing the High-Grade Nickel Copper PGM, Gold and Silver Nisk project into Canada's next polymetallic mine. On February 1, 2021 , Power Metallic (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSXV: CRE). The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power Metallic is focused on expanding the high-grade nickel-copper PGM, Gold and Silver mineralization with a series of drill programs designed to evaluate the initial Nisk discovery zone, the Lion discovery zone and to explore the land package for adjacent potential poly metallic deposits. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. QAQC and Sampling GeoVector Management Inc. (" GeoVector") is the Consulting company retained to perform the actual drilling program, which includes core logging and sampling of the drill core. All samples were submitted to and analyzed at Activation Laboratories Ltd (" Actlabs"), an independent commercial laboratory for both the sample preparation and assaying. Actlabs is a commercial laboratory independent of Power Metallic with no interest in the Project. Actlabs is an ISO 9001 and 17025 certified and accredited laboratories. Samples submitted through Actlabs are run through standard preparation methods and analysed using RX-1 (Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 μm) preparation methods, and using 1F2 (ICP-OES) and 1C-OES - 4-Acid near total digestion + Gold-Platinum-Palladium analysis and 8-Peroxide ICP-OES, for regular and over detection limit analysis. Pegmatite samples are analyzed using UT7 - Li up to 5%, Rb up to 2% method. Actlabs also undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. GeoVector's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed and no material errors were observed. Cautionary Note Regarding Forward-Looking Statements This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.
Associated Press
20-02-2025
- Business
- Associated Press
FireFox Gold Employs Borehole and Fixed Loop EM Geophysics to Identify New High-Grade Targets at the Mustajärvi Gold Project, Finland
SODANKYLÄ, FINLAND / ACCESS Newswire / February 20, 2025 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF)('FireFox' or the 'Company') is pleased to report results from borehole (BHEM) and fixed loop (FLEM) electro-magnetic geophysical surveys executed at the East Target of the Mustajärvi Gold Project in Finland. The purpose of the surveys was to identify new drill targets for high-grade gold that may be associated with highly conductive rocks. Rocks that are high in pyrite tend to be conductive of electricity, making them excellent targets for these types of electromagnetic (EM) systems. The high-grade gold at Mustajärvi, encountered in numerous drill holes since 2019, is almost always associated with high concentrations of pyrite. Highlights of the successful campaign include: The observation that interpreted zones of semi-massive to massive pyrite (conductive zones) continue to the north and along strike beyond current drilling; Recognition of a persistent conductive horizon parallel to the Mustajärvi Shear Zone but over 400 metres south from the southernmost FireFox drillholes; and Two newly identified strong drill targets related to electrical conductors near to previously drilled holes. FireFox Chairman and Co-Founder, Patrick Highsmith, commented on the geophysical survey, 'The significance of a small geophysical survey like this is that we can test the technology over known high-grade mineralization and look for extensions and analogues. In this case, the FLEM and BHEM suggest the presence of more high sulphide targets both close to existing drilling and well away from existing drilling. We look forward to applying the method along more of the key structures at Mustajärvi. Between our careful application of structural geology, geochemistry, and geophysics, our technical team is confident that we have a long list of high-quality drill targets at Mustajärvi for 2025.' Fixed-loop EM Results The FLEM survey consisted of two NW-SE oriented surface profiles (Lines 1 and 2) with stations located every 50 metres, in this case yielding a total of 25 stations (Figure 1). An electrical source loop is used to induce current into the ground, and three directional components of the electromagnetic field are measured during data collection. The survey lines were oriented perpendicular to the orientation of the throughgoing Mustajärvi Shear Zone (MSZ), which is also the contact between the metasedimentary rocks of the Sodankylä Group to the north and the mafic and ultramafic volcanic rocks of the Savukoski Group rocks to the south. The survey lines also pass through the high-grade near-surface gold mineralization at the Mustajärvi East Target. The electromagnetic survey maps electrical conductivity, and more conductive rocks are considered prospective because of the possible presence of sulphide minerals, such as pyrite. Geophysicists model the Figure 1. Location of the BHEM and FLEM surveys at the Mustajärvi East Target, showing drillholes. conductive targets as 'plates' to simulate a simple tabular shape for the conductive volume of rock. The FLEM survey identified multiple conductive plates that strike in a northeasterly direction and dip to the south. These plates have been interpreted as multiple stacked potential sulphide-rich horizons within the shear zone and in related dilatant zones (Figure 2). This is consistent with the stratabound nature of the gold mineralization so far drilled at Mustajärvi. The FLEM survey was successful at identifying relatively near-surface and proximal extensions from known high-grade and high-pyrite zones at the East Target. One such possible semi-massive to massive pyrite plate (FLEM #1) measuring approximately 65 by 250 metres was interpreted as extending from known high-grade gold in the East Target. Another target plate is made up of steeply SE dipping conductors, whose extents were estimated to be roughly 125 by 95 metres (FLEM #2). This zone is located on the southern side of drillholes 23MJ008 and 23MJ010 (Figure 2) at a likely depth of 40 to 130 metres. Other conductive plates are more subtle (FLEM #3 and 4), perhaps due to greater distance from the transmitter and receivers, but the larger scale target plates are aligned consistently with the orientation of the shear zone. Drilling at the East Target has been closely spaced, so the encouraging FLEM survey resultsupgrade the need to drill these interpreted conductors farther north and east where the conductive rocks are projected onto the new exploration permits. Figure 2. 3D Perspective view of Mustajärvi East gold shapes (looking NE) with EM targets. Borehole EM Results FireFox has made limited use of downhole electromagnetic surveys at the Mustajärvi project, but those earlier surveys demonstrated correlation between gold mineralization and highly conductive zones. However, most of the focus to date has been on near-surface exploration, where high-grade gold has been repeatedly discovered in shallow drill holes and trenches based on ground magnetics and surface geochemistry. As the team has successfully drilled gold to greater depths, such as the intercepts reported in 2024 to more than 250 metres below surface (see Company news release dated February 28, 2024), the team elected to conduct another BHEM survey around existing deeper boreholes where ground magnetics cannot penetrate. In this most recent BHEM campaign, three drillholes in the East Target (23MJ011, 23MJ012 and 23MJ013) were surveyed with one 350 by 300 metre transmitter loop to measure conductivity responses in and around the boreholes (Figure 1). These holes were chosen for the survey because they contained deeper gold mineralization and the holes comprise a NNW-SSE oriented drill fence, facilitating better interpretation of results. Holes 23MJ011 and 23MJ012 were collared at the same location and drilled in the same direction but with the latter drilled at a steeper angle. Hole 23MJ013 was collared approximately 75 metres southeast from these holes. Each of the surveyed holes provided information about the presence of conductors that have not been drill-tested. The BHEM survey identified multiple conductive plates that strike in a northeasterly direction and dip to the south. This orientation again parallels the MSZ. These conductive plates are likely indications of high concentrations of sulphide minerals along the key structure. The plates are shown along the MSZ in Figure 2 relative to the outline of drill indicated gold. Not only do the targets offer encouragement along strike and down dip, but they also support the concept of multiple high-sulphide zones stacked within the host rocks. The BHEM survey results for the three drill holes in the East Target identified several moderate to strong conductors, some of which were clearly related to known drill intercepts of high sulphide mineralization in these holes. In several cases, the survey detected what are called off-hole conductors, conductive bodies that are discrete and detached from the drill holes. As shown in Figure 2, the off-hole conductor targets occur at moderate depths, between 90 and 215 metres below surface. One significant off-hole conductor was detected near drill hole 23MJ013 (BHEM #1) at 180 to 215 metres below surface (BHEM #1). This plate corresponds well with a mineralized interval reported of 13.5m averaging 3.16 g/t gold in a Company news release dated February 28, 2024. This intercept occurred just below the major structural contact between the Savukoski and Sodankylä group rocks, where semi-massive to massive pyrite was noted. This structural zone has already proven to be an important host of gold, and the team is excited to see this geophysical survey prove so useful in identifying such conductive zones. Another off-hole target, which is obscured in the figure, was extremely conductive, higher than the model suggests is possible from the mineral pyrite alone. The presence of significant pyrrhotite or a black shale could possibly explain such values, but neither of these are known to exist at Mustajärvi. Conclusions The conductor plates appear to confirm a model that the FireFox team has been developing wherein the sulphide minerals occur in pockets or discontinuous pods of intense accumulation. The conductors can be seen to pinch and swell along strike and downdip. Similarly, FireFox drilling and trenching has revealed high-grade gold mineralization having apparently limited continuity, such as the following intercepts: 13.85m at 28.74 g/t gold in 22MJ006 15.5m at 13.09 g/t gold in 22MJ021 12.55m at 14.34 g/t gold in 22MJ025 16.45m at 7.69 g/t gold in 21MJ010 and 6.87m at 59.12 g/t gold in Trench 2023 - 1. In each of these cases, pyrite was the primary gangue mineral associated with gold, often occurring in pods or boudins of semi-massive to massive sulphide. These pods or pockets of sulphide mineralization are exactly the phenomenon that the new geophysical data appear to be detecting. While drilling at Mustajärvi has repeatedly returned drill intercepts averaging more than 10 g/t Au (12 drill holes have exceeded 90 gram-metres of gold in grade thickness), such high-grade zones are often not continuous over great distances. The team intends to use more BHEM and FLEM to map these discontinuities and better predict the high-grade gold in future drill campaigns. Even though this survey tested only a small section of the Mustajärvi Shear Zone, the geophysical targets offer encouragement for drill targets beyond current drilling to the northwest, southeast and downdip (Figure 2). Not unlike other orogenic gold systems, a challenge at Mustajärvi is discerning the controls on the bonanza grade gold. The grade distribution and drill targets are complicated by deflections in the shear zone, crosscutting structures, and changes in host rock, among other variables. These small-scale surveys have shown the value of both FLEM and BHEM in mapping conductive bodies that conform with the controlling structures and known patterns of high-grade mineralization. FireFox controls more than 3 kilometres of the MSZ, and widely spaced drilling has returned significant gold along approximately 1.7 kilometres of that structure. The Company plans to make use of these electromagnetic methods to fill in between the known high-grade gold and to extend exploration along this shear zone and to analogous structures elsewhere on its tenements. The interpreted FLEM conductive horizon to the southeast of the East Target appears to follow another major structure that may be analogous to the MSZ (Figure 3). The technical team is excited to test this feature as it projects to the northeast onto the Company's new eastern permits. Figure 3. Follow-up targets from EM conductors at East Target. Methodology & Quality Assurance The borehole and fixed-loop electro-magnetic surveys were conducted by Finnish geophysics provider GRM-services Oy, by using a TEM transmitter system. The BHEM data was acquired by measuring with the EMIT DigiAtlantis receiver system and EMIT DigiAtlantis borehole probe, which measure the decaying magnetic field with three orthogonal Fluxgate magnetometer sensors producing along hole (A-component), and two perpendicular components (namely U and V- components). The surveys were performed with 5Hz frequency and 40A current. The holes were measured in one piece from the collar with surveys having 5-10 metre station separations, where the general 10m separation was dropped to 5m separation around the surface-high-grade gold mineralization. The FLEM survey was carried out with 50m station separation, where the total number of stations was 25. Surface profile data was acquired with the EMIT SMARTem24 receiver system and EMIT SMART Fluxgate sensor, which measure the decaying magnetic field with three orthogonal Fluxgate magnetometer sensors producing upward pointing (Z-component) and two perpendicular components (namely X and Y-components). The modelling was done using Maxwell software and plate models. All maps have been created within the ETRS89-TM35FIN Coordinate System (EPSG:3047). Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed, and approved the technical information in this news release. About FireFox Gold Corp. FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground. Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team. For more information, please refer to the Company's website and profile on the SEDAR+ website at On behalf of the Board of Directors, 'Carl Löfberg' Chief Executive Officer CONTACT: FireFox Gold Corp. Telephone: +1-778-938-1994 Forward Looking Statements The information herein 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, the extent of work stoppage and economic impacts that may result from illness, extreme weather, changes in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the intent to conduct additional drilling; the belief as to the location of the most prospective gold targets; the location of targets for future drill programs; and the current and future work program, including the extent and nature of exploration to be conducted in 2025. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained herein represent the expectations of FireFox as of the date of dissemination 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.
