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FireFox Gold Corp.
Summary
| Project: | Jeesio | |
|---|---|---|
| Deposit: | Jeesio | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-9-2018: FireFox Gold Corp. announces a Supporting Acquisition report for its Jeesio deposit at the Jeesio project. Summary of property in support of listing on TSX-V. The Jeesiö property (“Jeesiö”) consists of two reservations, a portion of a third res | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Henry Awmack (Equity Exploration Consultants Ltd.) | |
| ABSTRACT: | The Jeesiö property (“Jeesiö”) consists of two reservations, a portion of a third reservation, an exploration permit and an exploration permit application which cover a total of 460.0 km2 in three separate blocks of flat, glacial till-covered terrain in the Lapland region of northern Finland. Paved Highway 80 runs through the northern part of the property between the towns of Kittilä and Sodankylä; a network of secondary and tertiary roads provides access to the remainder of the property. Two modern gold and base metal mines are in production in this part of Finland, supporting an infrastructure of mining and exploration services and supplies in the area. The region experiences a continental-style climate with cold winters and warm summers; drilling can be carried out year-round with the exception of spring thaw from mid-April through May. Firefox Gold Corp. (“Firefox”) has an option to earn 100% of the Jeesiö property from Magnus Minerals Oy (“Magnus”), subject to a 1.5% NSR royalty, one-third of which can be purchased for 1,000 troy ounces of gold. Very little exploration has been carried out to date on the Jeesiö property. The Geological Survey of Finland (“GTK”) has carried out reconnaissance till and airborne geophysical surveys. Outokompu Oy (“Outokompu”) drilled one of the GTK nugget-in-till anomalies, intersecting narrow widths of strong fuchsite alteration but only low Au values. Firefox began reconnaissance till sampling of Jeesiö following its acquisition in 2017, and at the time of this writing has commenced with an overburden drilling program to collect and analyze base-of-till (“BOT”) samples in selected target areas of the property. The Jeesiö property is located at the southern margin of the Central Lapland Greenstone Belt (“CLGB”), a poorly-explored package of Paleoproterozoic mafic volcanic and sedimentary rocks which underwent three ductile compressional events around 1.79-1.92 Ga followed by one or more brittle stages. The earliest two phases of ductile compression produced thrust faults, the most important of which are the northerly Sirkka (“STZ”) and southerly Venejoki (“VTZ”) thrust zones, both of which have been traced for >100 km. The third phase of ductile compression (D3) produced NE-striking strike-slip shear zones and reactivated or displaced the earlier thrusts. Orogenic gold occurrences in the CLGB have been found in association with the STZ, the VTZ and the D3 shear zones. Suurikuusikko, with current mineral reserves of 4.5 Moz Au and the most significant gold deposit found to date within the CLGB, is related to one of these NE-striking D3 shear zones. The author has been unable to verify information concerning Suurikuusikko and the information is not necessarily indicative of the mineralization at Jessio. | |
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