Geology & Exploration
FireFox cautions that being near a past-producing mine, with a resource, does not indicate that mineralization will occur on FireFox’s property, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario. These facts were used to help prioritize the acquisition of these properties.
In-house exploration targeting work emphasised the strong similarities in the chemical composition, style of alteration and structures of the volcanic sequences and soil geochemistry of the Ylöjärvi Project with those features observed near the gold mines of the region. Gold in the area is usually associated with pyrite or arsenopyrite and hosted by quartz veins in altered volcanic rocks or shear zones in granodiorite.
The prospectivity of the project is supported by the presence of high-grade glacial erratics and gold anomalies in till or soil, as reported in the Geological Survey of Finland (GTK) database. Additional exploration work will have to be performed in order to ascertain whether there is continuous mineralization associated with these initial indicators.
The area of Ylöjärvi tenement has seen only minor exploration work in the past. During 2017 field season the Company conducted reconnaissance geological mapping, soil sampling and Self Potential (SP) line surveys on selected targets.