The Jeesiö Project is comprised of approximately 279 km2 of property holdings, including the 100% owned 222 km2 Vaalajarvi exploration reservation.
FireFox is earning a 100% interest in the remaining Jeesiö properties from Magnus Minerals Ltd., (“Magnus”) as part of the agreement that includes properties in the Riikonkoski and Ylöjӓrvi Projects. The agreement requires a combination of common shares issuance (completed) plus $250,000 cash and $2.5M in exploration expenditures over a four year period. Magnus Minerals retains a 1.5% NSR which may be reduced by 1% in return for the payment to Magnus of 1000 troy ounces of gold. For the current status of payments and expenditures please refer to the latest Financial Statements.