VANCOUVER, BC – (November 10th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has secured two new properties near Rupert Resources’ Area 1 targets in the Central Lapland Greenstone Belt (“CLGB”) of Finland.

Keulakko Property

The 4.78 km2 Keulakkopäärinne (”Keulakko”) property adjoins the western boundary of the Company´s Sarvi property and will be incorporated into the Sarvi Project on the northern boundary of Rupert Resources’ Area 1 tenements. Keulakko is located approximately 2km north of the Sirkka Shear Zone and approximately 4km northwest of Rupert’s Ikkari gold discovery. Bedrock in the Keulakko area consists of mafic volcanic rocks of the Kautoselkä Formation and graphitic tuffs of the Porkonen Formation.

The area has seen some historical exploration, including reconnaissance till sampling and diamond core drilling by the Geological Survey of Finland (“GTK”). The public GTK database indicates that these programs yielded elevated gold-in-till values and short gold-bearing drill intercepts such as 0.45m @ 3.5 g/t Au and 4.6m @ 0.55 g/t Au. The GTK recommended further work in the area following the positive reconnaissance results.  FireFox has applied for and been granted an exploration reservation for Keulakko, which allows for non-mechanized exploration work for 2 years, and the exclusive right to apply for an exploration permit. The Keulakko area was part of FireFox´s detailed UAV magnetic survey during the summer (see Company news release dated August 26th, 2020).

Lehto2 Property

During the summer of 2020, FireFox geologists conducted significant reconnaissance mapping and sampling on the Lehto and Kolho properties. After noting significant alteration at Lehto in particular, the Company applied for additional ground in the area. FireFox has now been granted an exploration reservation at a second new property, Lehto2, which is 23.04 km2 in size and located approximately 5 kilometres north of the Sarvi Project. Lehto2 includes several blocks that fill some of the gaps between the Company´s Lehto and Kolho properties (see Company news release dated September 16th, 2020). Lehto2 is within a broadly similar lithological sequence as Keulakko but also includes banded iron formation (“BIF”) occurrences of up to 200 metre thickness. 

Winter Till Sampling and Drilling

Following the completion of the ongoing diamond core drilling program at its Mustajärvi and Jeesiö Projects (see FireFox news release dated November 3rd, 2020), the Company intends to launch a combined bottom-of-till (BOT) sampling and scout diamond core drilling program at Jeesiö. BOT sampling has been a key discovery strategy in Lapland for exploring beneath deeper glacial sediments, and Rupert Resources has employed it to high-profile success at Ikkari.  The FireFox team is excited to deploy this new hybrid BOT – core drilling technology and expects to add significantly to its planned meterage for core drilling during the winter of 2020-2021. The drill operator will be experienced service provider Taratest Oy (https://www.taratest.fi/en/). FireFox intends to continue its BOT - core sampling program to the Sarvi Project as soon as the requisite exploration permit is granted, which is expected to occur in the first quarter of 2021. The Sarvi Project adjoins Rupert’s Area 1 to the north.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by NI 43-101. Mr. Highsmith has helped prepare, and approves, 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. The Company has been exploring for gold in Finland since 2017 where it holds a project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as the planned drilling meterage on the properties described. 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

VANCOUVER, BC – (November 3rd, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has started drilling at its 100% held Mustajärvi Gold Project (“Mustajärvi”) in the Central Lapland Greenstone Belt (CLGB) in Northern Finland. This drill program is part of the 2020 fall-winter drill campaign that is expected to include up to 1,400 metres of drilling to test new targets at Mustajärvi followed by approximately 400 metres of reconnaissance drilling at the Jeesiö Gold Project (“Jeesiö”), located approximately 40 kilometres to the southeast. The FireFox technical team has planned this drilling collaboratively with subject matter experts at GoldSpot Discoveries (TSXV: SPOT) ("GoldSpot").

FireFox has contracted local drilling company Oy Kati Ab Kalajoki (“Kati Drilling”) to complete the program The drill core will be cut, logged, photographed and sampled at FireFox’s field office in Sodankylä, Finland. Company geologists will dispatch the samples to the ALS Global laboratory in Sodankylä for sample preparation and subsequent gold assay and multielement analysis.

Mustajärvi Drill Program Details

The Mustajärvi Project is situated approximately 17 kilometres east of the town of Kittilä in flat, glacial till-covered terrain occupying high ground that is reached via paved highway, making it easily accessible for a fall drill campaign. The project includes a Central Zone of gold mineralization defined by historic and FireFox drilling, but geophysics, gold-in-till anomalies, and FireFox step-out drilling have defined the system for more than 2 kilometres along strike (see Company news releases dated January 21, 2019 and November 26th, 2019).

During the summer 2020 program, geologists and geophysicists from FireFox and GoldSpot collected additional magnetics data and upgraded the three-dimension modeling of the known mineralization and its hosting structures. Features of key interest include the trans-crustal shear zone interpreted to transect the property from southwest to northeast and crossing structures having different orientations from east-west to northwest-southeast. While the deposit is known to occur at a contact between metavolcanic (mafic and ultramafic composition) and metasedimentary rocks, there is a significant gabbro body caught up in the shear zone to the west of the Central Zone.

The recently launched drill program will target structural, geochemical and geophysical targets in areas that have not seen drilling in the past. The total amount of drilling planned is between 1,300 and 1,400 metres split between three target areas.

Target area 1 is located in the western part of the license, approximately 900 metres southwest from the known mineralization. The target is associated with a rheologically competent gabbro which offers a strong contrast with the surrounding rocks. The competent gabbro appears to have accommodated deformation by fracturing, and it is located at an intersection of regional structures observed in magnetics, the southwest continuation of the Mustajärvi Shear Zone and northwest-striking D3 faults. This target area is also associated with anomalous gold, tellurium, and bismuth in till.

Target area 2 is located on the northern side (footwall) of the main Mustajärvi mineralization where anomalous till values (elevated gold, tellurium, and bismuth) are closely associated with geophysical conductors parallel and in close proximity to known auriferous lodes. The alteration is interpreted to extend north into metasedimentary rocks known to host gold elsewhere in the belt.

Target area 3 occurs within a structurally complex setting in central Mustajärvi, where the main shear zone deflects, apparently influenced by crosscutting structures of various orientations. It is also coincident with a plunging Induced Polarization chargeability (IP) anomaly and gold nugget anomalies in the down-ice direction. High grade mineralization (up to 45 g/t gold over 2m) at Mustajärvi has been associated with high sulfide intervals that may be expected to yield IP anomalies.

Jeesiö Drill Program Details

The Jeesiö Gold Project covers approximately 279km2 of the prospective CLGB, proximal to other exciting recent gold discoveries in Finland. The Jeesiö properties are positioned along the major regional structure known as the Sirkka Shear Zone, a trans-crustal structure that controls the emplacement of most of the orogenic gold deposits in Lapland. The main Jeesiö targets include the Utsamo and Katajavaara areas. Utsamo is situated directly between Aurion Resources’ Risti and Launi gold occurrences, while Katajavaara is only two kilometres southwest from the gold-bearing quartz-sulfide vein system at Launi.

The reconnaissance drill program is planned to include up to 400 metres in 3 to 4 drill holes in targets at Utsamo, near the Sirkka Shear Zone. Much of the Utsamo area is covered by swamps and thicker glacial deposits, and FireFox plans to conduct base-of-till (BOT) sampling in that area later in the winter. On higher ground to the south, FireFox geologists collected gold-bearing quartz vein samples during 2019 and 2020 in an area that will be the subject of this modest reconnaissance drilling program. The holes planned in this structurally complex area are based on new information from the 2020 UAV magnetics survey integrated with the regional electromagnetics and rock sampling data. The team has interpreted a large-scale fold in the area that hosts Aurion’s Launi gold-bearing quartz veins on the eastern limb and is cut by late faults that appear to control anomalous gold samples collected on the FireFox ground.

For additional details on the Mustajärvi and Jeesiö projects, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by NI 43-101. Mr. Highsmith has helped prepare, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as the planned drilling meterage on the properties described. 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (October 28th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that, subject to regulatory acceptance, it has completed the non-brokered private placement (the “Private Placement”) announced on October 13th, 2020.

The Private Placement was oversubscribed, raising total gross proceeds of approximately $2,143,494 by issuing 11,908,300 units at a purchase price of $0.18 per unit. Each unit consists of one common share of the Company and one half of one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the Company at an exercise price of C$0.27 per share for a term of two years from the date of issuance. The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The Company intends to use the proceeds of the Private Placement for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

M Partners Inc. acted as a finder in this placement. In association with this tranche of the financing, subject to TSX-V acceptance, the Company will pay to qualified finders $80,875 in cash finder’s fees and will issue 374,422 finder’s warrants exercisable at $0.18 for 2 years from the date of issuance.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1 778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2021. 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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (October 13, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it intends to raise up to $2,000,000 by way of a non-brokered private placement (the “Private Placement”). The Private Placement will consist of up to 11,111,111 units of the Company (“Units”) at a price of $0.18 per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one-half of one common share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common share of the Company (a “Warrant Share”) at an exercise price of $0.27 per Warrant Share for a term of two years following the closing of the Offering.

It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox’s gold exploration properties in Finland. Prior to this financing, FireFox has 68.9 million shares outstanding, 31 million warrants, and 6.2 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about October 23, 2020. The Company expects to pay finder’s fees in association with this financing.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the amount and timing of the current financing, current and future work program, including the extent and nature of exploration to be conducted in 2020. 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.

 

VANCOUVER, BC – (October 6th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that a new extensive gold-bearing structure has been identified in the southern part of its Jeesiö Project. Field crews investigated the area to follow-up on anomalous gold from sampling completed in 2019. The highlights of rock chip samples from the summer 2020 program in this area include boulder samples of 2.6, 2.75, and 4.73 grams per tonne (g/t) gold and outcropping quartz-magnetite-sulphide veins containing 10.5 g/t gold. These higher-grade samples are not representative of the entire target area, but are indications of local intense gold mineralization that has not yet been tested with trenching or drilling.

This area, termed the Kataja Belt, is at least 3 kilometres long, and occurs approximately 2 kilometres west – southwest of the Launi gold target reported by Aurion Resources. The new high-resolution airborne magnetics data (see FireFox news release dated August 26, 2020) indicate that the targets identified to date in the Kataja Belt form a single gold-bearing structure, even though locally deep glacial sediments over the area preclude direct surface sampling in some areas (See Figure 1: https://bit.ly/2Sx5mV3). The magnetics data further suggest that the Kataja Belt is located within a very complex structural setting, reflected by multiple directions and generations of regional folding and significant through-going faults.

Dr. Petri Peltonen, FireFox’s exploration manager, commented on the significance of the new targets: “Interpretation of the new magnetics data indicates that late structures associated with the newly-identified gold showings in our Kataja Belt are likely related to the D3 shear structures known to control the deposition of gold in the region at major deposits such as Agnico’s Kittilä Mine.”

Based on the exciting new gold results from the southern part of the Jeesiö Project, FireFox is immediately launching an Induced Polarization (IP) survey in order to test the depth extent and continuity of the Kataja Belt mineralization, which will be followed by a bottom-of-till sampling program.

Details of the Kataja Belt

The Kataja Belt is 100% controlled by FireFox under an Exploration Permit application, which is expected to be granted in a few months. Non-mechanized exploration work is allowed under the current application, and a granted Exploration Permit will allow for drilling. So far, Company geologists have collected and analyzed more than 540 samples in the area taken from outcrops and local boulder fields. Approximately 20% of these samples (110) assayed above the detection limit for gold, while 30% of those (33) were highly anomalous at >0.100 g/t gold. Eleven rock samples in this area assayed above 1.0 g/t gold.

From south to north, the Kataja Belt consists of three gold prospects: Saittavaara, Katajavaara South and Katajavaara North. The prospects span an area at least 3 kilometres long, apparently related to en echelon northerly striking younger (“D3”) structures. The recent high-resolution airborne magnetics data reveal multiple generations of folding and faulting across the entire Jeesiö Project area. Younger asymmetric folding west of the Kataja Belt shows evidence of disruption by right-lateral shearing broadly parallel with northeast trending axial planes. These shears are associated with the gold showings in the Kataja Belt. This is notable because these structures are likely related to the D3 shears known to control the deposition of gold across the region, most notably at Agnico’s Kittilä Mine.

[FireFox cautions that proximity or similar geology to an active or past-producing mine 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 analogies are simply used as elements of the prospectivity analysis of the Company’s properties.]

At Saittavaara, boulder fields include metasedimentary rocks from a likely local source that exhibit strong quartz-sericite alteration. Some of these altered metasediments include disseminated pyrite and contain up to 2.6 g/t Au. The altered metasediments, quartz tourmaline veins, and sheeted quartz veining occur along a considerable 600-metre-long zone at the margin of a sharp linear magnetic feature, where more anomalous rock samples occur (up to 2.75 g/t Au). The FireFox teams will return to the area for additional detailed mapping and sampling of outcrop and boulders.

At Katajavaara South, which is located about 1.4 kilometres northeast from Saittavaara, quartz-magnetite-sulphide vein samples from outcrop yielded assays up to 10.5 g/t Au. This sample site is quite close to a 6.4 g/t Au sample collected in 2019, and the area of gold-rich samples now covers at least 130 by 320 metres. These anomalous samples are associated with the southwest margin of a magnetic body believed to represent mafic volcanic rocks.

Katajavaara North is located another 920 metres north along the trend of the magnetic feature. Along the eastern slope of Katajavaara Hill, fields of locally derived boulders reflect abundant mineralized quartz veins intruding metasedimentary rocks including arkose and quartzites. Samples of these quartz veins contain up to 4.73 g/t Au. This trend of anomalous samples is approximately 400 metres long and appears to be associated with a younger structure that cross-cuts the north-trending magnetic anomaly in a northeasterly direction.

Farther north, the area beyond Katajavaara seems to be dominated by a regional scale fold that encompasses the southwestern Utsamo target area and the gold-bearing veins at Aurion’s Launi prospect. The Launi prospect occupies the eastern limb of the fold, and high-grade gold occurrences at Utsamo (up to 4.56 g/t Au; see FireFox news release dated September 3, 2019) lie near the nose on the western limb of the fold.

For additional details on the Project, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by NI 43-101. Mr. Highsmith has helped prepare, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey results on the properties described. 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.

VANCOUVER, BC – (September 30th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that the summer exploration program has successfully generated a series of drill targets throughout its extensive gold property portfolio in the Central Lapland Greenstone Belt (“CLGB”) of Finland. The FireFox technical team, including the experts at GoldSpot Discoveries (TSXV: SPOT) ("GoldSpot"), has completed a ranking of the various targets to guide an aggressive drilling program, which the Company intends to commence this fall starting at the 100% owned Mustajärvi Gold Project (“Mustajärvi” or “the Project”).

Mustajärvi is FireFox’s most advanced project. The Company has completed two previous drilling campaigns, with multiple intervals of high-grade gold intersected, and mineralization remaining open in three directions and down-dip.

FireFox’s summer 2020 program integrated new and existing data from rock and trench sampling, till surveys, geophysical surveys, and structural analysis. At Mustajärvi, this process generated three types of priority drill targets:

  • Continuation of chargeability anomalies into metasediments north of known mineralization;
  • Major structural intersections and flexures coincident with geophysical anomalies; and
  • Structurally disrupted rigid bodies with alteration as well as gold and geochemical anomalies in till.

Dr. Richard Goldfarb, Technical Advisor for FireFox, noted the prospectivity of this southern portion of the CLGB where FireFox, Rupert Resources, B2 Gold, and Aurion Resources are actively exploring: “The southern part of the Kittilä terrane is marked by the structurally complex Sirkka-Venejoki system of faults that has been long noted as related to numerous gold occurrences. Recent drilling activity on these anomalies in this structural corridor by a number of companies clearly indicates that the area comprises a part of the Central Lapland Greenstone Belt that is highly prospective for the discovery of large orogenic gold deposits.”

Dr. Goldfarb went on to comment on the discovery potential seen at Mustajärvi: “FireFox’s Mustajärvi occurrence comprises gold-bearing veins along a sedimentary-volcanic rock contact within the trans-crustal Venejoki Fault. Two concealed rigid gabbro bodies on opposite sides of the fault, to the southwest of any past workings, represent distinctive sites of heterogeneous stress that are typical of environments world-wide hosting major orogenic gold deposits. Structures reflecting highly fractured intrusive rock identified from geophysical modeling now indicate some very exciting drill targets in this part of Mustajärvi.”

Additional details on the fall drilling program will be provided in the coming weeks.

Mustajärvi Project Highlights

The Mustajärvi Project is situated approximately 17 kilometres east of the town of Kittilä in flat, glacial till-covered terrain occupying high ground that is reached via paved highway, making it easily accessible for a fall drill campaign.

FireFox has completed extensive work at Mustajärvi, including: detailed ground magnetics, an induced polarization (“IP”) survey, extensive bottom-of-till (“BOT”) drill sampling, a small amount of trenching, and two separate diamond core drilling campaigns in 2018 and 2019. Highlights of the previous drilling campaigns include the discovery of several intervals of high-grade gold mineralization as well as lower grade gold intersections in most of the drill holes:

  • Drill hole 18MJ0010 included 2m @ 45.1 g/t Au (Company news release dated Jan 21, 2019)
  • Drill hole 19MJ006 intercepted 1.95m @ 12 g/t Au in a 500-metre step-out hole (Company news release dated Jan 15, 2020)

Technical Discussion of Mustajärvi Targets

Outcrop is rare in this part of Lapland. At Mustajärvi, glacial till and other sediments average approximately 3 metres in depth. The historical prospect was discovered by Outokumpu Oyj in the 1990s based on exceptionally high gold content in local till. The abundant native gold in till attracted artisanal gold miners, who exploited small surficial deposits, exposing outcrop in the shallow open pits. The surface mineralization is typical of other orogenic gold occurrences in the southern part of the belt. These are typically hosted by albitized mafic-ultramafic metavolcanic and clastic metasedimentary rocks, where the gold is associated with pyrite- and telluride-bearing quartz and quartz-tourmaline veins. Previous owners Outokumpu Oyj and Aurora Exploration Oy (“Aurora”), in, respectively, 1990-1992 and 2017, conducted ground geophysical surveys (magnetic, IP, and self-potential), trenching, systematic till geochemistry, and drilled 12 shallow diamond drill holes to depths up to 72 metres.

Historic drilling on the Project by Outokumpu Oyj intersected shallow gold mineralization, including 2.7m @14.6 g/t Au (from 20.7m), 12.0m @ 2.7 g/t Au (from 21.0 m), and 1.01m @ 18.8 g/t Au (from 41.0m). The drilling suffered from significant core loss due to faulting and fracturing, therefore, widths may not represent true thickness. Aurora geologists also collected grab samples during the 2017 field season from trenches and boulders; one sample of sulfide-rich quartz vein material assayed 79.8 g/t Au.

While the Company believes the preceding historical drilling and sampling data are reliable, readers are cautioned that a “qualified person” (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

FireFox geologists later confirmed the presence of high-grade gold in surface channel samples, which were reported in a Company news release dated Jan 3, 2019. There were 33 chip samples collected from a vein system and adjoining wallrock over 45 metres of strike. These samples ranged from < 0.005 to 140.5 g/t Au and averaged 10.84 g/t Au, including numerous samples of more than 10 g/t Au. This work was followed up by two drill programs in 2018 and 2019 as summarized above. Drilling to date has tested less than 800 metres of strike along the major fault system that hosts the known high-grade gold and only to depths of less than 200 metres below surface. The drilling indicated mineralization remains open in three directions and down dip.

The 2020 summer field program included significant mapping and prospecting activity across the FireFox portfolio of properties. In addition to FireFox geologists, GoldSpot dispatched a senior structural geologist to join the FireFox field teams. At Mustajärvi, the team excavated eight trenches/test pits on the western end of the property in an attempt to reach bedrock. Only four of the trenches reached bedrock, and in these cases, geologists observed gabbroic rocks with several parallel quartz veins, with strong alteration halos surrounding the veins. The most significant gold result was 296 ppb, from a till sample taken at a depth of 4 metres.

The integrated effort between FireFox and GoldSpot has improved confidence in several geophysical anomalies, especially where they coincide with prospective structural features and geochemical anomalies in BOT samples. Target area 1 is located in the western part of the license, approximately 900 metres southwest from the known mineralization. The target is associated with a rheologically competent gabbro which offers a strong contrast with the surrounding metasediments. The competent gabbro appears to have accommodated deformation by fracturing, and it is located at an intersection of regional structures observed in magnetics, the southwest continuation of the Mustajärvi shear zone, and northwest-striking D3 faults. This target area is also associated with anomalous gold, tellurium, and bismuth in till.

Target area 2 is located on the northern side (footwall) of the main Mustajärvi mineralization where anomalous till values (elevated gold, tellurium, and bismuth) are closely associated with geophysical conductors parallel and in close proximity to known auriferous veins. Target area 3 is located within a structurally complex setting in central Mustajärvi, where the main shear zone deflects, apparently influenced by other northeast-trending faults. It is also coincident with a plunging IP (chargeability) anomaly and gold nugget anomalies in the down-ice direction.

For additional details on the Project, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by NI 43-101. Mr. Highsmith has helped prepare, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,
“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey results on the properties described. 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.

 

 

VANCOUVER, BC – (September 24th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that renowned exploration geologist Dr. Quinton Hennigh has joined its Technical Advisory Board.

Dr. Hennigh joins a team of senior explorers from Finland and North America. The Technical Advisory Board also includes Dr. Rich Goldfarb, a founding FireFox team member, and one of the most published researchers in the world on orogenic gold deposits. The technical team from GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot") has also been in the field with FireFox geologists during the summer. These external experts will continue to work closely with Dr. Petri Peltonen, FireFox’s exploration manager, and technical directors, Timo Maki and Patrick Highsmith.

Dr. Hennigh began his distinguished career in gold exploration after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. After working with major gold companies such as Newcrest Mining and Newmont Mining, Dr. Hennigh founded Novo Resources Corp (TSXV: NVO), acting as its CEO and currently serving as Chairman. Among his notable project involvements are First Mining Gold’s Springpole gold deposit in Ontario, Kirkland Lake Gold’s acquisition of the Fosterville gold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One’s Tuvatu gold project on Fiji, among many others.

“We are excited to welcome Quinton to the FireFox team. He is among the most focused and creative explorers in our business,” commented Patrick Highsmith, Chairman of FireFox. “The Central Lapland Greenstone Belt is an emerging gold terrane with analogies to other important orogenic gold belts, but only now are we seeing sufficient geophysics, geochemistry, structural geology, and drilling to unlock the next wave of discoveries. It is perfect timing to integrate the ideas from Goldspot and our Technical Advisory Board ahead of our planned winter drill program.”

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey results on the properties described. 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.

SODANKYLÄ, FINLAND – (September 16th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has added two new properties to its exploration portfolio in the Central Lapland Greenstone Belt (CLGB) of Finland (see Figure 1: https://bit.ly/2E4DOD5). During the course of FireFox’s 2020 summer field season, the Company has applied for and been granted two new exploration reservations, the Kolho and the Kelontekemä Properties. These new reservations bring FireFox’s tenement holdings in northern Finland to approximately 1,720 km2, among the largest holdings of gold explorers in Lapland. Field programs have been initiated at both properties.

Kolho Property - Eastern margin of CLGB

On September 3rd, the Finnish mining authority granted FireFox Gold a large new exploration reservation covering approximately 148.15 km2 within the counties of Kittilä and Sodankylä. The new property lies approximately 21 km from the Kittilä mine (Agnico Eagle) and 4 km from the Pahtavaara Mine (Rupert Resources). Geologically, the area is located along the eastern margin of the Kittilä Suite of rocks. The area is characterized by a major thrust fault between allochthonous oceanic crust (Kittilä Suite) thrusted onto older rocks to the east. The Kittilä Suite consists of Kautoselkä and Vesmajärvi mafic volcanic rocks and Porkonen mafic graphite tuffs (the same sequence of rocks hosting the gold deposits at the Kittilä Mine). The leading edge of the thrusted sheet consists of Savukoski Group ultramafic volcanics, Matarakoski black schists and Sodankylä Group arkosic quartzites (the lithological association that hosts Rupert’s Ikkari discovery). The autochthonous rocks to the east are comprised of older Archean basement rocks.

FireFox cautions that proximity or similar geology to an active or past-producing mine 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 simply used as elements of the prospectivity analysis of these properties.

In spite of its prospective lithological and structural setting, the Kolho area has not seen significant gold exploration activity in the past. FireFox has already initiated a mapping and sampling campaign in Kolho. Associated with the NW-SE striking shear zone, the teams have identified brittle quartz-limonite-pyrite veins, sheeted veins and quartz stockwork within moderately to strongly silicified mafic volcanics and tuffs. Assays for the first round of rock samples are pending. FireFox geologists have also identified and assayed 128 historical bottom-of-till (BOT) samples collected by the Geological Survey of Finland (GTK), for gold and pathfinder elements. The GTK samples yielded anomalous gold and multielement anomalies warranting further prospecting.

Kelontekemä Property – West of Jeesiö Project

On July 27th, the Finnish mining authority granted FireFox Gold another new exploration reservation encompassing approximately 71.06 km2 in the counties of Kittilä and Sodankylä. The new property lies between the Company’s Jeesiö (east) and Mustajärvi (west) Projects, just south of the Sirkka Shear Zone. Apart from a few gold anomalies in till samples, there is no evidence of significant historic gold exploration at Kelontekemä, but FireFox teams are conducting reconnaissance mapping and sampling in the area as part of the 2020 field season. This application was competitive with other groups, such as Rupert Resources, who hold ground to the east and north.

Quality Assurance

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, and approves, the technical information in this news release.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 170,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1-778-244-8439

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey results on the properties described. 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.

SODANKYLÄ, FINLAND – (August 26th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide an update on its 2020 summer exploration program in the Central Lapland Greenstone Belt (CLGB) of northern Finland. Since announcing the commencement of field work in mid-July (see Company news release dated July 14, 2020), work has progressed smoothly across FireFox’s large land position.

The team has reached the following milestones towards designating targets for the anticipated fall-winter drill program:

  • A high-resolution UAV (unmanned aerial vehicle) airborne magnetics survey has been completed
    • 2,314 line kilometres surveyed at 50m flight line spacing and nominal 35m sensor altitude;
  • Excavator trenching and sampling is underway on two different projects;
  • Follow-up sampling and mapping in several areas after strong results in 2019; and
  • The GoldSpot integrated interpretation exercise is underway, with a geologist on site in Finland.

The majority of the work has been focused on the Jeesiö Project and the Sarvi property of the Seuru Project, close to the ongoing work being conducted by Aurion Resources and Rupert Resources. However, continued work at the Company’s 100% owned Mustajärvi Project has revealed new areas of alteration warranting following up trenching and sampling (See various Company news releases in 2019, but most notably those dated Jan 3, Jan 21, and Mar 1).  

Detailed Airborne Survey

The Company has now completed the detailed airborne magnetic survey over its Jeesiö Project and the Sarvi property. The drone-based survey, conducted by Radai Ltd (www.radai.fi), covered more than 104 km2 with tightly spaced 50-metre flight lines. A preliminary review of the results from both areas demonstrates that the new data provide significantly improved resolution over the older governmental regional airborne surveys. This is facilitating much more precise follow-up of the potential host structures in the area.

In particular, the team is excited about the additional information on the structural setting of the Katajavaara Target, in the southern part of the Jeesiö Project and southwest of Aurion’s Launi vein discovery. FireFox geologists had previously interpreted the gold-bearing quartz veins at Katajavaara to be related to an intersection of the southeast striking Venejoki Thrust Zone, (VTZ) and north-south oriented faults (see Company news release dated June 9, 2020). It is now clear from the new magnetics data that the role of the VTZ is not very significant, but instead the gold is likely controlled by north-northeast trending, younger D3 strike-slip faults and key lithologic contacts. It has long been recognized that there is a similar association of gold mineralization with D3 shearing at the Kittilä Mine, where the deposit occurs within a slight bend of a major D3 shear, the Kiistala Shear Zone.

 

Mapping and Sampling at Sarvilehto

FireFox geological teams have been conducting surface exploration at the Sarvi and Lehto properties north of Rupert’s Ikkari and Heinä discoveries. The glacial sediments tend to be a little thicker here, often obscuring outcrop. However, there are significant features evident in the magnetics and historical sampling that warrant follow-up. Geologists have been mapping and sampling along apparent D3 structures that crosscut or track along magnetic highs. While no data are available from the sampling yet, the geologists have noted significant veining, albite alteration, and sulfides associated with contacts between metasediments and mafic intrusive and volcanic rocks.

Apart from the completion of the airborne magnetics survey, perhaps the most significant accomplishment of the summer program to date has been the collection of hundreds of structural measurements and more than 1,000 rock samples in areas that hadn’t seen significant modern exploration. Management expects results from rock and trench sampling to be reported during September and October.  

Corporate Update

FireFox also wishes to report that its board of directors has issued 2.7 million incentive stock options to certain officers, directors, employees, and consultants of FireFox and its subsidiary, subject to the terms of the Company’s incentive stock option plan. The options have an exercise price of $0.15 cents per share, and are valid for five years from the date of issuance, until August 26, 2025.

Quality Assurance

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, and approves, the technical information in this news release.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey results on the properties described. 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.

VANCOUVER, BC – (July 27th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide an update on its summer exploration program, including the commencement of the next-generation integrated interpretation and targeting exercise for the Company’s gold projects in the Central Lapland Region of Finland. 

FireFox has engaged GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot"), a leader in utilizing artificial intelligence for target generation in mineral exploration. GoldSpot will apply machine learning and its proprietary expertise to delineate new drill-ready targets for orogenic gold mineralization, as well as identify prospective areas regionally. The process will involve analyzing all available geological and remote sensing data from FireFox’s properties, including information from the current field program such as the results of the ongoing high-resolution airborne magnetics survey. GoldSpot will work closely with the FireFox technical team, as well as FireFox’s Technical Advisor and orogenic gold specialist, Dr. Richard Goldfarb.

 FireFox’s chairman, Patrick Highsmith, remarked on the alliance with GoldSpot, “We are very excited to unleash GoldSpot’s cutting-edge technology on our gold projects in northern Finland. Our new integrated team encompasses FireFox’s deep Finland expertise and more than 120 years of economic geology experience, and the structural geology, geophysics, geochemistry, and technology mavens from GoldSpot. We believe the future of gold discovery will be driven by high-quality data, technical excellence, and smart application of machine learning.”

Denis Laviolette, Executive Chairman and President of GoldSpot Discoveries, commented “GoldSpot Discoveries is excited to bring our big data solution to Finland, a world class mining jurisdiction that is notoriously rich in data. We believe FireFox’s gold projects have incredible potential and GoldSpot will be able leverage its team and technology to unlock significant value. We believe GoldSpot’s approach to integrating FireFox’s existing and newly generated datasets with the Geological Survey of Finland’s impeccable geodatabase (which includes over 130 years of historical data), will provide FireFox with a significant advantage over other explorers in the area.”

GoldSpot's subject matter experts will homogenize, integrate, process and interpret exploration datasets such as mapped or logged lithology, geophysics, surface and downhole geochemistry, and structural data. These interpreted and derived products will be used as input layers to GoldSpot's proprietary AI (machine learning) techniques, which will then be validated by their team of expert geoscientists, in collaboration with the FireFox team. 

Summer Exploration Program Update

FireFox is also pleased to report that its previously announced summer exploration program is well underway. The 2,100 line-kilometre unmanned aerial vehicle (UAV) based magnetic survey is approximately 50% complete with results expected by the middle of August (see news release dated July 14, 2020 and note revision to 2,100 from 1,100 line-kilometres). Trenching is underway at the Jeesiö Project and the reconnaissance mapping and sampling program is ongoing. Several batches of samples have already been dispatched to the laboratory for gold and multi-element analyses.  

Quality Assurance

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, and approves, the technical information in this news release.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 profile on the SEDAR website at www.sedar.com.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) is a technology and investment company that leverages machine learning to reduce capital risk while working to increase efficiency and success rates in resource exploration and investment. GoldSpot combines proprietary technology with traditional domain expertise, offering a front-to-back service solution to its partners, and in some cases, capital to finance exploration programs. GoldSpot's solutions target big data problems, making full use of historically unutilized data to better comprehend resource property potential. For more information see www.goldspot.ca .

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as receipt of survey results on the properties described. 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.

SODANKYLÄ, FINLAND – (July 14th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that following its oversubscribed non-brokered private placement (see Company news release dated July 2, 2020), it has launched a multidisciplinary field program on several of its gold projects in the Central Lapland region of Finland. The majority of the field work will be focused on the Jeesiö and Sarvilehto (“Sarvi”) Projects, which are in a portion of the Central Lapland Greenstone Belt (“CLGB”) that has been a hotbed of recent activity by fellow explorers, Aurion Resources, Rupert Resources, and others. The primary objective of the program is to define drill targets at both Jeesiö and Sarvi for a fall and winter drill program.

There are four major elements of the summer exploration program:

  • A high-resolution UAV (unmanned aerial vehicle) based airborne magnetics survey;
  • Excavator trenching and systematic sampling at several projects, and potentially other areas as prospecting results dictate;
  • Follow-up prospecting, reconnaissance mapping and sampling in areas of known gold mineralization or prospectivity, as well as newly acquired exploration reservations; and
  • A next-generation integrated interpretation and targeting exercise using multivariate data across the Company’s Lapland properties.

Patrick Highsmith, FireFox’s chairman, commented, “We are very excited to launch a significant and fully funded summer exploration program that will include a state-of-the-art UAV magnetics survey as well as extensive good old-fashioned prospecting. Our Jeesiö and Sarvi Projects occur on-trend with important structures, where we have already identified gold occurrences of note. In addition to this work, we look forward to unveiling a next-generation integrated targeting exercise in the coming weeks. It is fantastic to see the Central Lapland Greenstone Belt finally enjoying significant levels of funding and drilling for its gold potential. As a team, we have been working these rocks for a long time; the emerging discoveries in the belt have heightened the intensity for all of us.”

Detailed Airborne Survey

The airborne survey will commence in mid-July and will span over 1,100 line-kilometres. Radai Ltd (www.radai.fi) will conduct the survey at the Jeesiö and Sarvi Projects and surrounding areas.  Radai is an experienced, innovative Finnish provider of airborne geophysics and other services, who has conducted recent mineral exploration airborne surveys in Lapland for Boliden, Rupert Resources, and others.

The Radai team will deploy a fixed-wing autonomous aircraft using a fluxgate sensor to measure total magnetic field. The aircraft will operate at an altitude of 40 metres with flight line spacing of 50 metres in order to achieve high resolution. The detailed magnetic data will facilitate a careful analysis of bedrock geology beneath the glacial sediments, including faulting, folding, and alteration that may be important indications of gold mineralization.

Excavator Trenching and Sampling

FireFox has also mobilized teams to Lapland for a trenching program that is expected to last for at least two weeks. Since most of Lapland is covered by glacial sediments of varying thickness, trenching is an excellent tool for exploration where an excavator can reach bedrock by removing glacial sediments and other regolith. The teams will first target the gold anomalies at Jeesiö where geologists collected numerous rock samples in 2018 and 2019 containing up to 6.4 grams per tonne (g/t) of gold (refer to News Releases filed on SEDAR, in particular that dated January 23, 2020).

The machine will also travel to the Mustajärvi Project, where FireFox has previously reported high-grade gold in boulders, channel samples, and in core drilling at shallow depths below surface (See 43-101 Technical Report on SEDAR, as well as Company news releases dated January 3 and 21, 2019). The Phase 1 drill program in late 2018 followed from a small drill program on the property by Outokumpu in the 1990’s. FireFox identified a different style of mineralization that included narrow intervals of massive to semi-massive pyrite and grades up to 45 g/t over 2.0 metres from 125.5 metres downhole. The mineralization is believed to be related to the northeast trending Venejoki Thrust Zone, which is a splay of the well-known Sirkka Shear Zone, but there appear to be important cross structures that are not well understood. New trenches at Mustajärvi will enable collection of extensive structural geology data and detailed sampling of key structures, alteration, and host rocks. 

The extent of the trenching program could expand based on the mapping and sampling work that is already underway. The Company expects the trenching to include hundreds of metres of excavation and sampling in areas with anomalous rock and till geochemistry, or where geophysics or drilling indicate important near-surface features of interest. 

Prospecting, Mapping, and Sampling

Other activities already in progress include a 2-month mapping and sampling program concentrated in the Jeesiö and Sarvi exploration areas. FireFox’s land holdings are extensive and outcrop is sparse, so reconnaissance mapping during the summer season is important to identify outcrop and update geological maps. Some of the last field expeditions in 2019 turned up highly anomalous gold samples, such as the 6.4 g/t sample at the Katajavaara Target on the Jeesiö Project. The teams will be following up on these emerging targets, as well as pushing into new areas, such as prospective greenfield areas in the newly acquired Naula and Lehto exploration reservations. The vast historical databases in Finland offer huge potential. A component of this program will be to apply modern assay and ultra-trace geochemical methods to historical till samples acquired by the Geological Survey of Finland (GTK).  

The Naula reservation covers approximately 21,820 hectares and is located in the western part of the CLGB along the northeast continuation of major crustal-scale structures from the historical Saattopora Gold Mine. The Lehto exploration permit application area (494 hectares) is located closer to FireFox’s other properties in the eastern end of the belt, approximately 27 kilometres southeast from the Agnico Eagle’s Kittilä Mine. The Lehto property occurs within the Kittilä Group volcano-sedimentary sequence, which also hosts the Kittila Mine. Regional geologic maps suggest that the underlying bedrock is dominated by mafic volcanics, including iron tholeiites, graphitic tuffs, and banded iron formation along NS-trending structures.  [ FireFox cautions that proximity or similar geology to an active or past-producing mine 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 simply used as elements of the prospectivity analysis of these properties.]

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as future possible drilling on the properties described. 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.

VANCOUVER, BC – (July 2nd, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective today that, subject to regulatory acceptance, it has completed the second and final tranche of the non-brokered private placement (the “Private Placement”) announced on June 11th, 2020 and upsized on June 25th, 2020. As a result of significant interest in FireFox’s projects, the Company created an opportunity to bring on several new shareholders of significant size, resulting in a private placement that has been substantially oversubscribed. In completing the second tranche, FireFox has increased the total gross proceeds of the Private Placement to $2,000,000.

In this final tranche, the Company raised gross proceeds of $927,500 by issuing 9,275,000 units of the Company at a purchase price of $0.10 per unit. Each unit consists of one common share of the Company and one half of one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the Company at an exercise price of C$0.12 per share for a term of two years from the date of issuance. The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The Company intends to use the proceeds of the Private Placement for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

M Partners Inc. acted as a finder in this placement. In total, over both tranches the Company will pay to qualified finders $97,300 in cash finder’s fees and will issue 973,000 finder’s warrants exercisable at $0.10 for 2 years from the date of issuance. 

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2020. 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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (June 25th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective today that, subject to regulatory acceptance, it has completed the first tranche of the non-brokered private placement (the “Private Placement”) announced on June 11th, 2020. The Private Placement has been substantially oversubscribed. The Company intends to complete a second tranche of the Private Placement before July 1, 2020, which is expected to increase the total gross proceeds of the Private Placement to approximately $1,572,500.

In this first tranche, the Company will have raised total gross proceeds of $1,072,500 by issuing 10,725,000 units of the Company at a purchase price of $0.10 per unit. Each unit consists of one common share of the Company and one half of one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the Company at an exercise price of C$0.12 per share for a term of two years from the date of issuance. The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The Company intends to use the proceeds of the Private Placement for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

M Partners Inc. acted as a finder in this placement. In association with this tranche of the financing, subject to TSX-V acceptance, the Company will pay to qualified finders $18,725 in cash finder’s fees and will issue 187,250 finder’s warrants exercisable at $0.10 for 2 years from the date of issuance. 

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2020. 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.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (June 11, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it intends to raise up to $500,000 by way of a non-brokered private placement (the “Private Placement”). The Private Placement will consist of up to 5,000,000 units of the Company (“Units”) at a price of $0.10 per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one-half of one common share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common share of the Company (a “Warrant Share”) at an exercise price of $0.12 per Warrant Share for a term of two years following the closing of the Offering.

It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox’s gold exploration properties in Finland. Prior to this financing, FireFox has 48.8 million shares outstanding, 21.2 million warrants, and 3.5 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about June 26, 2020. The Company may pay finder’s fees to qualified finders in association with a portion of this financing. 

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the proposed financing amounts, terms, and timeframe; the current and future work program, including the extent and nature of exploration to be conducted in 2020; as well as option agreements and FireFox’s ultimate equity in the properties described. 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (June 9, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide an update on its 2020 exploration plans in the Central Lapland Greenstone Belt (CLGB) of Finland. Based on favorable results from the summer of 2019 and recent emerging discoveries on neighbouring properties, the FireFox technical team intends to focus its activities on portions of the Seuru and Jeesiö properties during the summer field season.

At Seuru, the FireFox team plans to carry out its first detailed program at the Sarvilehto target area.  Geologists will conduct reconnaissance mapping and sampling, and contract a detailed airborne magnetic survey using an unmanned aerial vehicle (UAV). The new magnetics data will provide improved understanding of the structural setting and bedrock geology. The team will use the integrated database to design a detailed bottom-of-till (BOT) sampling program targeting prospective structures. Depending upon results of the summer field work, FireFox will likely conduct BOT sampling during the early winter to define drill targets for later diamond drilling.

At the Jeesiö Project, FireFox will be focusing on the newly discovered Katajavaara Target where field teams collected a 6.4 g/t gold sample on one of the last traverses of the 2019 summer season (See Company news release dated January 23, 2020). The 2020 program plans include a detailed airborne UAV magnetic survey to supplement the small ground magnetics survey conducted in 2019. Trenching by excavator may be completed in the summer program, based on results from follow-up mapping and sampling. Drilling of priority targets would then follow in a 2020-2021 winter program.

Sarvilehto Target, Seuru Property

The Sarvilehto Target is one of the southernmost prospects in the extensive Seuru group of properties. Sarvilehto is located approximately 5 kilometres north of the Sirkka Shear Zone (SSZ) – the well characterized south-dipping imbricate thrust stack that stretches from northwest to southeast across the CLGB for more than 100 kilometres. The SSZ is closely associated with multiple gold deposits, occurrences, and exploration prospects. 

FireFox acquired the Sarvilehto Target based on its favorable geological setting, gold anomalies in historic till sampling, and interpreted prospective northeast trending structures. The area is largely covered by mixed glacial deposits, but an interpretive geological map from the Geological Survey of Finland (GTK) and limited sampling have provided significant information about the bedrock. The interpreted geology at Sarvilehto consists mainly of the mafic metavolcanic rocks of the Kittilä Suite, which include extensive tholeiitic and Fe-tholeiitic meta-basalt. These mafic volcanic rocks are intercalated with graphite-bearing tuffite, black shale, and chert. A very similar lithological sequence hosts the world-class Kittilä Mine, which lies 35 kilometres northwest and is operated by Agnico Eagle.

The Kittilä rocks on the Sarvilehto Property are crosscut by northeast trending shear zones that are interpreted to be associated with younger strike-slip movement, sometimes referred to as the D3 event (or the third major deformation event in the region). These D3 structures are often associated with gold mineralization, particularly where they change orientation or intersect earlier major faults such as the SSZ or associated structures. For example, the Kittilä Mine occurs at a slight bend of a major D3 shear – the Kiistala Shear Zone1. In addition, recent drilling by Rupert Resources at its Area 1 target (approximately 1.5-3.5 kilometres south of Sarvilehto) has targeted D3 structures and their intersections with earlier regional structures (see Rupert Resources news release dated May 12, 2020).

[Although the geological setting on the adjacent Rupert Resources property provides geologic context for the Sarvilehto Property, it is not necessarily indicative of the geology or mineralization that may occur on the Company’s property.]

The Sarvilehto Target has seen minimal exploration work so far. Altogether, the GTK and FireFox have collected approximately 155 till samples on the property using light portable percussion drills. The analyses of those samples have yielded moderate gold anomalies, which are associated with elevated values of important pathfinder elements such as arsenic, bismuth, tellurium, and copper. FireFox geologists have also conducted heavy mineral sampling and detailed morphological characterization of gold grains at Sarvilehto. A 10-kilogram heavy mineral sample yielded 118 gold “micronuggets” and associated anomalous arsenic, bismuth, and tellurium. The gold grains were angular and showed no significant abrasion, suggesting short glacial transport distances from their source. Importantly, this particular sample was collected directly on top of an interpreted northeast striking D3 structure.

The Sarvilehto Prospect is part of the Seuru option agreement under which FireFox is earning 100% interest from Magnus Minerals (See Company news release dated August 30, 2018), but the Seuru group of properties includes other tenements that are 100% owned by FireFox.

Katajavaara Target, Jeesiö Project

Katajavaara occurs south of the SSZ and approximately 9 kilometres south of FireFox’s Utsamo Target. As reported in April, this part of the Jeesiö Project occupies the middle of a corridor of almost continuous gold anomalies stretching from the Risti Target (Aurion Resources) in the north down through Utsamo and Aurion’s Launi Target to Katajavaara in the south.

The Venejoki Thrust Zone (VTZ), a major D2 shear zone, is interpreted to cross the area from northwest to southeast at Katajavaara. The target appears to occupy a structural intersection of the VTZ with an interpreted north-south oriented D3 structure.    

At Katajavaara, FireFox geologists collected anomalous gold rock samples along a north-south trend stretching more than 1 kilometre and open in all directions. Anomalous rock chip samples in the area are often associated with the margins of gabbroic intrusions, which often appear as magnetic highs. There is significant topographic relief in the area and glacial cover deposits are thin. In fact, the highest-grade rock chip sample (6.4 g/t Au) was collected from an outcropping quartz-sulphide-carbonate vein.  

The Jeesiö Project includes properties that are subject to an option agreement under which FireFox is earning 100% interest from Magnus Minerals (See Company news release dated August 1, 2017) as well as separate properties that are 100% owned by FireFox, such as the Katajavaara prospect. 

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as option agreements and FireFox’s ultimate equity in the properties described. 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.

Footnote:

1 - Patison, N. L. 2007. Structural Controls on Gold Mineralisation in the Central Lapland
Greenstone Belt. Geological Survey of Finland, Special Paper 44, 107–124, 7 figures and 4 tables.

 

VANCOUVER, BC – (May 15th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that it has signed amendments to its property option agreements with Magnus Minerals Ltd., (“Magnus”) that defer and extend the schedule of both exploration obligations and cash payments. The amendments cover the Jeesiö, Riikonkoski, Ylöjärvi and Seuru properties, and include extensions to the schedules by up to one year from their original dates.

FireFox Chairman Patrick Highsmith commented, “From the outset, our agreements with Magnus were structured with minimal cash payments and a clear focus on money into the ground, as both companies agreed that is the best path to discovery and value. By providing additional flexibility in the timing, Magnus continues to demonstrate its commitment to FireFox’s success in Finland. The amended terms help ensure the security of our project tenure even during these challenging times, while we proceed with planning our field work for the 2020 summer field season. Management is based in Finland and is attentive to the health, safety, and logistical requirements imposed by the COVID-19 situation.”

Through the execution of superseding amendments to the option agreements, FireFox and Magnus have extended the interim deadlines by which certain exploration expenditure and cash payments are to be made.

An important result of the amendments is that FireFox has extended the term by one year for the final earn-in expenditures and cash payments to execute its option on the Riikonkoski, Jeesiö, and Ylöjärvi (RJY) properties. The Company now has until August 31, 2021 to invest $485,000 in exploration on the RJY properties, and the final cash payments to Magnus over that period will now occur as follows:

  • $60,000 on or before August 31, 2020;
  • $50,000 on or before February 28, 2021; and
  • $50,000 on or before August 31, 2021.

In addition, the amendments push back the milestones by six months for earn-in exploration works and cash payments on the Seuru group of properties. In order to complete its vesting in 100% interest in the Seuru Properties, the Company will now be required to invest a further $1.305 million in exploration work by October 5, 2021, including $305,000 by October 5, 2020. The cash payment schedule has also been pushed back, resulting in $50,000 payments to Magnus being due on October 5, 2020 and October 5, 2021.

The parties have confirmed that FireFox’s option agreements are in good standing. Fieldwork is expected to resume on the RJY and Seuru properties during summer of 2020.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, as well as future earn-in exploration expenditures and option payments. 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.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (April 23rd, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective today that, subject to regulatory acceptance, it has completed the non-brokered private placement (the “Private Placement”) announced on April 17th, 2020. The Company raised total gross proceeds of $281,500 by issuing 5,630,000 units of the Company at a purchase price of $0.05 per unit.  Each unit consists of one common share of the Company and one whole common share purchase warrant , with each warrant being exercisable to acquire one additional common share of the Company at an exercise price of C$0.08 per share for a term of two years following the closing of the Offering.

Certain directors, officers and other insiders of the Company purchased or acquired direction and control over a total of 850,000 Units under the private placement.  The placement to those persons constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) adopted in the Policy.  The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).  Further details will be included in a material change report to be filed by the Company.

After this financing, FireFox has 48.8 million shares outstanding, 21.3 million warrants, and 3.5 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day, expiring August 24th, 2020, in accordance with applicable securities legislation. The Company will pay $1,350 in finder’s fees to qualified finders in association with this financing. 

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

 

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

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VANCOUVER, BC – (April 17, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it intends to raise up to $200,000 by way of a non-brokered private placement (the “Private Placement”).  The Private Placement will consist of up to 4,000,000 units of the Company (“Units”) at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one whole common share purchase warrant ("Warrant"), with each Warrant being exercisable to acquire one common share of the Company (a “Warrant Share”) at an exercise price of C$0.08 per Warrant Share for a term of two years following the closing of the Offering.

It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox’s gold exploration properties in Finland. Prior to this financing, FireFox has 43.2 million shares outstanding, 15.6 million warrants, and 3.5 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about April 30, 2020. The Company does not intend to pay any finder’s fees in association with this financing. 

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-328-4789

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (April 9, 2020) – FireFox Gold Corp. (TSX-V: FFOX) (“FireFox” or the “Company”).

Dear Investor,

We hope this update finds you and your family in good health. We are pleased to report that the FireFox team and extended family are well, enthusiastic about the upcoming bull market in gold, and anxious to get to the field in Finland.

The future of FireFox Gold’s operations has not changed.  The gold market is strong, and we believe it is headed for an extraordinary period.  FireFox is well positioned to help feed the appetite for gold discovery. 

We remain focused on the under-explored Central Lapland Greenstone Belt, where we believe our large land package is ripe for discovery.  FireFox is among the largest holders of mineral exploration rights in Lapland, where four junior companies and one major effectively control the entire belt.

In March, we attended the Prospectors and Developers Association of Canada annual conference in Toronto and exhibited for the first time, hosting very good traffic.  As recently as five or six years ago, there was only one major gold company in Finland, Agnico Eagle Mines Limited.  Today there are five mid-tier to major gold companies exploring in Finland or looking for projects and partners.  We held many meetings and are well regarded for our large, strategic property position and our unparalleled strength on the ground – Finnish geologists, Finnish management, and an extraordinary network in our home country. 

The winter season will end in April, and May is the melt season in Finnish Lapland, when on-the-ground exploration generally pauses. The summer field season effectively begins in June after two metres of snow has melted and conditions dry up. For this reason, the COVID-19 pandemic has not dramatically affected FireFox’s field work in Lapland. Currently, our technical team is working on processing data from our previous programs, and preparing detailed plans for the summer session. We aim to be back in the field commencing in June and will keep you updated on that goal as we get closer.

We will focus much of the 2020 work in the Utsamo area, located between Aurion’s Risti and Launi Gold Projects, approximately 15 kilometres from the town of Sodankylä. This Risti – Utsamo – Launi gold corridor tracks through our Jeesiö Project, associated with the Sirkka Shear Zone.   We have numerous indications of gold in till and float samples at Utsamo, as well as potentially favorable host rocks and structural targets beneath shallow glacial sediments. The program in this area is likely to include additional geophysics, bottom-of-till sampling, and mapping and sampling to delineate drill targets.   For a summary of the most recent work at all our projects, I refer you to our website (www.firefoxgold.com) where we post our updated presentations.

Like many of you, my family is living in some form of partial lock-down, but our office is a four-minute walk from home, and I am still able to work there every day.  My wife has been home schooling our five kids, so it’s a team effort, but we are fortunate that life isn’t too far from normal, apart from the lack of international travel.  Be there for your loved ones and try to be productive every day – good rules to live by even in the best of times.  We wish you and yours health and success in everything you do. 

I look forward to speaking or meeting with many of you in the coming days.  Please also feel free to contact us directly.  You can find our contact details below.

Sincerely yours,

“Carl Löfberg”

President and CEO, FireFox Gold Corp.
Mobile: +1 604 328 4789 or
Mobile: +358 50 3730 777 or
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Additional Contacts

Patrick Highsmith
Chairman
Mobile: +1 303 668 3264
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Andrew MacRitchieCFO
Tel: +1 604 558 7687
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Quality Assurance

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 reviewed and approves the technical information in this statement.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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 the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current and future work program, including the extent and nature of exploration to be conducted in 2020, whether or not geophysics and BOT sampling are completed; the timing of results; and possible extensions of anomalies, favorable geology, and mineralization along with its thickness and quality. 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.

It should also be noted that while FireFox's properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox's land packages is not necessarily indicative of mineralization on FireFox's properties.

 

VANCOUVER, Jan. 23, 2020 /CNW/ - FireFox Gold Corp. (FFOX-TSX.V) ("FireFox" or the "Company") is pleased to report a newly discovered gold target (Katajavaara) within the Company´s 100%-owned Jeesiö Gold Project in the Central Lapland Greenstone Belt, Finland. Katajavaara is located nine kilometres south of the Company´s Utsamo target, (see FireFox news release dated January 21, 2020) and only two kilometres southwest from the gold-bearing quartz-sulfide vein system at Aurion's Launi project (see Map 1: https://bit.ly/2NLRHHW).

FireFox Gold geologists conducted reconnaissance bedrock mapping and boulder hunting in the Katajavaara area in late September 2019, identifying and sampling quartz-sulfide veins in several locations. In total, company geologists submitted 62 rock samples for analysis. The best results were associated with mafic, gabbroic intrusions. Eleven samples returned anomalous gold (greater than 0.1 g/t) including one quartz-sulphide vein sample with 6.4 g/t gold (see Table 1 below). The team has not yet had an opportunity to return to the area for follow-up mapping and sampling, but the data collected to date outlined a 1.1 km-long anomalous gold zone that trends SSE-NNW and remains open in all directions. The Katajavaara target is situated on the interpreted Venejoki Shear zone, a major transcrustal thrust system running broadly in a West-East direction on the south side of the Sirkka Shear Zone.

"Katajavaara is the third compelling gold prospect within the Jeesiö Project, further supporting our excitement about the potential of the area," commented Carl Löfberg CEO of FireFox Gold. "FireFox is currently planning follow-up activities, including the extension of a ground magnetic survey, additional bottom-of-till (BOT) surveys and a mapping campaign to advance the Katajavaara Prospect."

Heavy indicator mineral surveys were conducted by Outokumpu Oy in the late 1980´s and identified a strong gold-in-till anomaly on the southern side of Katajavaara Hill, but these results were never followed up. Several of these till samples, approximately 20 kgs in weight, contained more than 50 small gold particles, the maximum count being 98 grains, significantly more than the background value in the area of about 5 grains. [While the Company believes the preceding historical sampling data are reliable, readers are cautioned that a "qualified person" (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon. Outokumpu data retrieved from the Geological Survey of Finland (GTK) database.]

In 2019, Firefox conducted a detailed 46-line kilometer in-house ground magnetic survey covering 2.4 km2 of the Katajavaara area. Results indicate that the historical gold anomalies are spatially associated with strongly magnetic, often linear bodies, believed to represent mafic-ultramafic dykes that intruded the Sodankylä Group sediments.

Table 1. Anomalous Gold Samples from Katajavaara Reconnaissance Mapping.

Sample

Au ppm

Type

Easting

Northing

Remarks

MNEN-2019-119.1

6.388

Outcrop

471568

7479562

Quartz-sulphide vein, in contact
to gabbroic intrusive.

MNEN-2019-120.1

2.610

Outcrop

471572

7479562

Quartz-sulphide vein, in contact
to gabbroic intrusive.

JMÄK-2019-72.1

0.476

Outcrop

471567

7479574

Vein Quartz

MNEN-2019-120.2

0.362

Outcrop

471572

7479562

Quartz-sulphide vein, in contact
to gabbroic intrusive.

MNEN-2019-121.1

0.192

Boulder

471564

7479569

Vein quartz with dark reddish
hematite staining

MNEN-2019-117.1

0.191

Outcrop

471646

7479470

Quartzite. Cross-cut by several
quartz veins with amphiboles
and minor hematite

MNEN-2019-115.1

0.188

Boulder

471584

7479484

Quartz vein with some
amphibole veinlets and hematite

MMUE-2019-179

0.171

Boulder

471656

7479571

Hematized quartzite with quartz
veins. Abundant rusty spots and
some hematized pyrite

JMÄK-2019-73.1

0.153

Outcrop

471568

7479564

Vein Quartz

AVIG-2019-73

0.129

Boulder

471182

7480415

Quartzite

MNEN-2019-125.1

0.127

Boulder

471169

7480468

Vein quartz boulder between
quartzite outcrop blocks,
including hematite + micas

About the Jeesiö Gold Project

The Jeesiö Gold Project (the "Project") consists of valid exploration permits, exploration permit applications and exploration reservations covering an area of 279 km2. The Project is located within a structural corridor transected by both the Sirkka and the Venejoki Shear Zones. The project area is flat, glacial till-covered terrain in the Lapland region of northern Finland, 12 km north-west of the town of Sodankylä. The Project is situated in the Central Lapland Greenstone Belt, which hosts several recent gold discoveries. The observed gold mineralization, structural setting and work to date support the potential for an orogenic gold deposit on the Jeesiö property.

For additional details on the Project, please visit the Company's website www.firefoxgold.com.

Quality Assurance

FireFox geologists maintained chain of custody of the samples. The sampling procedures reported in this news release were conducted according to best industry practice and with due attention to quality assurance and quality control, including the insertion of standard and blank samples. The rock samples were transported to Eurofins Labtium laboratory in Sodankylä, Finland, with one half stored and the other half crushed, pulverized and split with a riffle splitter.

The lab performed fire assay for gold on 25 gram aliquots followed by ICP-OES determination (method 704P; detection limit 0.01ppm). In addition, the lab reports a large suite of elements from a subsample that is digested in hot aqua regia and analyzed by ICP (method 511P). Eurofins Labtium laboratory is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Eurofins Labtium also complies with the requirements of the Standards Council of Canada (CAN-P-1579) "Guidelines for Accreditation of Mineral Analysis Testing Laboratories".

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company's field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company's profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

"Carl Löfberg"
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone
: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox's properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox's land packages is not necessarily indicative of mineralization on FireFox's properties.

VANCOUVER, BC – (January 21, 2020) – FireFox Gold Corp. (TSX-V: FFOX) (“FireFox” or the “Company”) is pleased to report that it has completed a three-hole (446 metres), reconnaissance drilling program at the Utsamo Target area within its 100% owned Jeesiö Gold Project in the Central Lapland Greenstone Belt, Finland. The drilling tested 180 metres of strike within a five-kilometre corridor of complex faults and shears that are believed to represent a section of the Sirkka Shear Zone (see Figure 1a: https://bit.ly/37dcvzM) (see FireFox news release dated September 3, 2019). The Sirkka Shear provides the structural control for most known gold deposits in Central Lapland.  

 “This initial reconnaissance drill program has demonstrated that the Utsamo Property covers what is believed to represent an important flexure in the Sirkka Shear Zone,” commented Carl Löfberg, CEO of FireFox Gold. “This promising area lies between Aurion’s Launi East and Risti discoveries to the southeast and northwest, respectively. These drill holes constituted the first sub-surface test of the area as part of a larger exploration program that will identify and test additional targets along the structural corridor.”

Program Results and Interpretation

At Utsamo, both gold in bottom-of-till (BOT) samples and anomalous Ionic Leach samples are spatially associated with the margins of magnetic bodies (mafic-ultramafic sills) and contacts between low and high resistivity domains. The IP resistivity low in Utsamo was interpreted to represent a near-vertical fault zone. Hole 19JEE001 started within the surface projection of the IP resistivity low and was drilled towards the NE, while holes 19JEE002 and 19JEE003 were drilled from the NE to the SW in order to transect the IP resistivity low (see Figure 1b: https://bit.ly/37dcvzM).

The three Utsamo drill holes intersected a lithological package consisting of arkosic quartzites interlayered with lesser intermediate tuffites and mafic volcanics, which are intruded by narrow mafic and ultramafic dykes or sills. Drill holes 19JEE002 and 19JEE003 intersected 25-metre thick fault gouge that was formed by extensive shearing, alteration and oxidation of both the arkosic quartzites and mafic-ultramafic rocks. The fault gouge was intersected about 100 metres down-dip and is comprised of pervasive clay alteration enriched in iron oxides. Importantly, it contains abundant fragments of quartz-carbonate-sericite veins – similar to those associated with gold elsewhere in the region. Despite the promising structure, lithological association and alteration, the fault gouge did not yield significant gold grades in these drill holes.

All three of these shallow drill holes at Utsamo confirmed the presence of the targeted fault,” stated Dr. Petri Peltonen, Exploration Manager of FireFox Gold.

 
“The possibility remains that gold and other mineralization occurs at deeper levels of these sub-vertical fault zones. Alternatively, and probably more likely, the drilled structure is just one of many within this wide structural corridor, and the source of the gold indicated by the bottom-of-till and Ionic Leach samples is related to other second or third order faults nearby.”

Since gold-bearing quartz-carbonate-tourmaline-sulfide veins and altered quartzites are frequently discovered in the Jeesiö Project area (see FireFox news release dated September 3, 2019) and nearby (see Aurion Resources news release dated Feb. 12, 2019), the area remains highly prospective. FireFox is currently planning the follow-up activities, including additional BOT surveys and a mapping campaign to progress its Jeesiö Project.

About the Jeesiö Gold Project

The Jeesiö Gold Project (the “Project”) consists of valid exploration permits, exploration permit applications and exploration reservations covering an area of 279 km2. The Project is located within a structural corridor transected by both the Sirkka and the Venejoki Shear Zones. The project area is flat, glacial till-covered terrain in the Lapland region of northern Finland, 12 km north-west of the town of Sodankylä. The Project is situated in the Central Lapland Greenstone Belt, which hosts several recent gold discoveries. The observed gold mineralization, structural setting and work to date support the potential for an orogenic gold deposit on the Jeesiö property.

For additional details on the Project, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the geological and geotechnical logging was conducted, and assay intervals selected by FireFox´s exploration team.  Intervals were generally 1 m but in some circumstances were modified according to lithological boundaries and other factors.  FireFox geologists maintained chain of custody of the samples. The sampling procedures reported in this news release were conducted according to best industry practice, with due attention to quality assurance and quality control, including the insertion of standard and blank samples. After the logged core was cut in half it was transported to the ALS Minerals preparation laboratory in Sodankylä, Finland, with one half stored and the other half crushed, pulverized and split with a riffle splitter. Analysis was completed at ALS Minerals facilities in Loughrea, Ireland and Rosia Montana, Romania using Au-AA24 (50g fire assay with AAS detection for gold) and ME-MS61 (4 acid digestion with ICP-MS detection for 48 elements) methods.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (January 15, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report final results of the Phase 2 diamond core drilling program at its 100% owned Mustajärvi Gold Project in the Central Lapland Greenstone Belt, Finland. This phase of drilling consisted of nine drill holes, with assays for the first five holes reported on November 26th, 2019. The program has significantly expanded the footprint of the Mustajärvi mineralization by intersecting massive tourmaline-quartz-pyrite veins approximately 500 metres northeast of the known Central Zone mineralization, including 0.85 metres averaging 24.7 g/t Au within 1.95 metres averaging 12 g/t Au in Hole 19MJ006.

“The results from Mustajärvi continue to indicate that gold mineralization is associated with the Mustajärvi Shear Zone, potentially over more than 900 metres of strike length,” commented Carl Löfberg, President and CEO of FireFox Gold. “There is potential to expand mineralization, particularly to the northeast of the Central Zone and around the Mustajärvi NE target.”

Summary of Recent Results

Hole 19MJ007 was a step-out hole collared 250m southwest of the Mustajärvi Central Zone drill holes. It targeted a major bend in the Mustajärvi shear zone that is spatially associated with a strong IP chargeability anomaly and low resistivity values.  This single drill hole intersected anomalous gold concentrations (1 metre averaging 0.15 g/t Au between 170.6-171.6 metres down hole) in proximity to the interpreted contact between metasediments and gabbro. Due to these anomalous values and the favorable lithological setting, “Mustajärvi SW” remains a valid target for additional follow-up drilling.

Drill holes 19MJ008 and 19MJ009 were drilled within the Mustajärvi Central Zone with the goal of extending the high-grade mineralization yielded earlier by 18MJ010 (2 metres averaging 45.1 g/t Au; see FireFox news release dated Jan 21, 2019). Drill hole 19MJ008 targeted an area between the high-grade mineralization and the most eastern drill hole of the Mustajärvi Central Zone. It intersected anomalous gold grades (1 metre averaging 0.18 g/t Au). Drill hole 19MJ009 targeted the continuation of the high-grade mineralization of 18MJ010 about 50 metres to the southwest. It intersected three narrow intervals of mineralization: 1 metre averaging 1.07 g/t Au from 105–106m down hole;  0.5 metre averaging 2.36 g/t Au and 0.1% Co from 112.1–112.6m down hole; and 1 metre averaging 3.49 g/t Au between 145–146m down hole.

The last drill hole, 19MJ003, was drilled almost perpendicular to the direction of all the other drill holes. Its purpose was to test a second mineralized structure (Trend 2; see FireFox new release dated Jan 3, 2019) which was identified during the trenching at the Mustajärvi Central Zone. While the gossanous samples collected from this trench yielded good grades (9 samples range from 0.05 to 7.91 g/t Au and averaging 2.05 g/t Au), the drilling identified a weakly anomalous zone measuring about 20-metres-wide that yielded peak values of 1 metre averaging 0.17g/t Au (between 10-11 metres down hole), 0.4 metres averaging 0.2 g/t Au (between 14.2-14.6 metres down hole) and 0.2 metres averaging 0.5 g/t Au (between 20.4-20.6 metres down hole). Due to difficult drilling conditions, the hole suffered from strong core loss, making the identification of representative grades of the Trend 2 mineralization ambiguous.

The results of these drill holes within the Mustajärvi Central Zone mineralization are interpreted to indicate that the high-grade zone, earlier intersected by drill hole 18MJ010, is discontinuous and displays the strong pinch-and-swell nature of the gold-mineralized veins at Mustajärvi.

Overall, the Phase 2 drilling campaign was successful in discovering new significant gold mineralization approximately 500 metres NE from the Mustajärvi Central Zone, indicating that the Mustajärvi Shear may be mineralized over at least 900 metres of its strike. The Mustajärvi SW area, 250 metres southwest of the Central Zone, warrants additional follow-up drilling to confirm the expansion of the Mustajärvi system in this direction.

Table 1: Summary of Drill Intercepts

Drill Hole

Easting

(metres)

Northing

(metres)

Azimuth

(°)

Dip

(°)

Depth

(m)

From

(m)

To

(m)

Interval

(m)

Gold

(g/t)

 

19MJ001

427740

7500128

340

-45

199.6

107.3

109.3

2.0

0.33

 

AND

         

142.2

142.8

0.6

4.5

 

19MJ002

427703

7500153

340

-45

152.3

117.7

118.7

1.0

0.64

 

AND

         

136.55

137.1

0.55

1.27

 

19MJ003

427708

7500278

269

-45

64.9

10.0

11.0

1.0

0.17

 

AND

         

14.2

14.6

0.4

0.2

 

AND

         

20.4

20.6

0.2

0.5

 

19MJ004

427752

7500169

340

-45

153.7

84.85

86.75

1.9

1.06

 

19MJ005

428230

7500505

340

-45

150.8

73.0

75.0

2.0

0.9

 

19MJ006

428296

7500537

340

-45

179.0

125.75

127.9

1.95*

12.0

 

INCLUDING

         

126.25

127.1

0.85

24.7

 

AND

         

144.7

145.7

1.0

2.29

 

19MJ007

427574

7499938

310

-45

196

170.6

171.6

1.0

0.15

 

19MJ008

427798

7500182

340

-45

149.2

86

87

1.0

0.18

 

19MJ009

427713

7500118

340

-45

185.3

105.0

106.0

1.0

1.07

 

AND

         

112.1

112.6

0.5

2.36

 

AND

         

145.0

146.0

1.0

3.49

 

Notes:  Holes 1, 2, 4, 5, and 6 were originally reported in the news release dated November 26th, 2019. Drilling is believed to be perpendicular to the dip of the mineralization, however true widths are not yet known and will be confirmed with additional drilling and geological modeling following the program. Internal dilution and tails are mineralized but assay below the Company’s 1 g/t cutoff for high grade gold.

*Includes 0.2m core loss

For additional details on the Project, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the geological and geotechnical logging was conducted, assay intervals selected by FireFox´s exploration team and it was cut in half. Intervals were generally one metre but in some circumstances, were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including the insertion of standard and blank samples. The logged core was then transported to Labtium Laboratory Oy in Sodankylä, Finland, where half core samples were crushed, pulverized and split with a riffle splitter.

The lab performed fire assay for gold on 25 gram aliquots followed by ICP-OES determination (method 704P; detection limit 0.01ppm). In addition, the lab reports a large suite of elements from a subsample that is digested in hot aqua regia and analyzed by ICP-OES and ICP-MS (method 515PM).  The multielement analyses are not completed at the time of this news release. Labtium Laboratory Oy is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Labtium also complies with the requirements of the Standards Council of Canada (CAN-P-1579) “Guidelines for Accreditation of Mineral Analysis Testing Laboratories”.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

VANCOUVER, BC – (November 26th, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report the first results of the Phase 2 diamond core drilling program at its 100% owned Mustajärvi Gold Project in the Central Lapland Greenstone Belt, Finland. This phase of drilling consisted of nine drill holes, and assays have been received from the first five holes. Notably, two step-out drill holes, 19MJ006 and 19MJ005, intercepted gold mineralization 500 metres northeast of the known gold mineralization (the “Central Zone”), which has a strike length of approximately 400 metres. These holes targeted the previously untested northeastern extent of the shear zone that controls mineralization in the Central Zone. At “Mustajärvi NE”, this shear zone is associated with consecutive gold-in-till anomalies, which continue at least one kilometre northeast from the newly discovered gold mineralization (see Figure 1: https://bit.ly/2qEXl69).

Drill hole 19MJ006 intersected more than 50 metres of a strongly brecciated zone with abundant quartz-tourmaline veining. Gold mineralization averaging 12 g/t Au over 1.95 metres was intersected between 125.75 and 127.9 metres down-hole (including 0.2 metre core loss). This mineralized interval consisted of massive tourmaline-quartz-pyrite veining with more than 50% tourmaline and 10-20% pyrite. Within the same broad breccia zone, a second mineralized zone intersected one metre averaging 2.29 g/t Au between 144.7 and 145.7 metres down-hole. This intercept consisted of a quartz-pyrite vein with ~40% pyrite. A second step-out hole, 19MJ005, was collared 75 metres west-southwest of drill hole 19MJ006. It intersected a similar brecciated zone as seen in hole 19MJ006, although narrower. Assays returned two metres averaging 0.9 g/t Au.

“This drill program has successfully expanded the potential gold footprint of the Mustajärvi Project,” commented Carl Löfberg, President and CEO of FireFox Gold. “The shear zone that controls the mineralization identified to date is currently defined over nearly three kilometres in strike and today’s reported step out holes give further evidence of the potential this structure holds. Future drilling will test within the new 500-metre step-out to determine the extent of mineralization in the northeastern extent of the shear zone.”

An additional three new holes, 19MJ001, 19MJ002 and 19MJ004, were drilled within the Central Zone in order to follow up the high-grade gold interval discovered earlier this year (hole 18MJ002 yielded 2m @ 45 g/t Au; see FireFox new release dated Jan 21, 2019). These new drill holes confirmed the presence of gold veins at predicted depths 25 metres along strike in both directions and 25 metres down-dip.

Drill hole 19MJ001, which targeted gold mineralization 25 metres down-dip of 18MJ002, intersected 0.6 metres averaging 4.5 g/t Au starting from 142.2 metres down hole and an anomalous two metre interval averaging 0.33g/t Au from 107.3 metres down hole. Hole 19MJ002, located 25 metres west of 18MJ002, intersected an anomalous one metre interval averaging 0.64 g/t Au at 117.7 metres, and 0.55 metres averaging 1.27g/t Au from 136.55 metres down hole. Hole 19MJ004, was collared 25 metres east of 18MJ002 and intersected 1.9 metres averaging 1.06g/t Au. Gold mineralization in all three holes was associated with semi-massive pyrite mineralization with accessory quartz and tourmaline.

Table 1: Summary of Drill Intercepts

Drill Hole

Easting

(metres)

Northing

(metres)

Azimuth (°)

Dip (°)

Depth (m)

From (m)

To (m)

Interval (m)

Gold (g/t)

19MJ001

427740

7500128

340

-45

199.6

107.3

109.3

2.0

0.33

AND

         

142.2

142.8

0.6

4.5

19MJ002

427752

7500096

340

-45

152.3

117.7

118.7

1.0

0.64

AND

         

136.55

137.1

0.55

1.27

19MJ004

427752

7500168

340

-45

153.7

84.85

86.75

1.9

1.06

19MJ005

427814

7500192

340

-45

150.8

73.0

75.0

2.0

0.9

19MJ006

427709

7500244

340

-45

179.0

125.75

127.9

1.95

12.0

AND

 

 

 

 

 

144.7

145.7

1.0

2.29

Notes:  Drill hole numbering was not consecutive. Drilling is believed to be perpendicular to the dip of the mineralization, however true widths are not yet known and will be confirmed with additional drilling and geological modeling following the program. Internal dilution and tails are mineralized but assay below the Company’s 1 g/t cutoff for high grade gold.

For additional details on the Project, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the geological and geotechnical logging was conducted, assay intervals selected by FireFox´s exploration team and it was cut in half. Intervals were generally one metre but in some circumstances, were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including the insertion of standard and blank samples. The logged core was then transported to Labtium Laboratory Oy in Sodankylä, Finland, where half core samples were crushed, pulverized and split with a riffle splitter.

The lab performed fire assay for gold on 25 gram aliquots followed by ICP-OES determination (method 704P; detection limit 0.01ppm). In addition, the lab reports a large suite of elements from a subsample that is digested in hot aqua regia and analyzed by ICP-OES and ICP-MS (method 515PM).  The multielement analyses are not completed at the time of this news release. Labtium Laboratory Oy is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Labtium also complies with the requirements of the Standards Council of Canada (CAN-P-1579) “Guidelines for Accreditation of Mineral Analysis Testing Laboratories”.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, the technical information in this news release.

Corporate Update

The Company is also pleased to announce that it has engaged Petri Nousiainen as Investor Relations Director, Europe, subject to the acceptance of the TSX Venture Exchange. Mr. Nousiainen is a Certified European Financial Analyst with over 20 years of experience as a broker and trader in Finland. He also served as the Chairman of Finland's Stock Brokers' Association for eight years. Mr. Nousiainen is tasked with building the shareholder base by introducing FireFox to his extensive network of contacts including brokers, portfolio managers and high net worth investors in Finland and throughout Europe. In consideration, the Company has agreed to pay, via its wholly-owned Finnish subsidiary FireFox Gold Oy, a monthly salary of 2,800€ for a term of 1 year. Mr. Nousiainen currently holds 135,500 shares of FireFox.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC, November 20, 2019 – FireFox Gold Corp. ("FireFox" or the "Company") (TSXV: "FFOX") announces that the Company has completed the previously announced issuance of shares in exchange for drilling services.  FireFox entered into an agreement for services with Oy Kati Ab Kalajoki ("Kati"), an arm's length party, pursuant to which the Company has now issued common shares of the Company in full satisfaction of drilling services provided by Kati in Northern Finland (the "Shares for Services"). 

Under the agreement, the deemed price of the common shares to be issued was to be calculated using the closing price of the Company's common shares on the first trading day after the last date on each invoice in which Services are provided to the Company.

The Company has now received invoices from Kati for all work performed and has issued an additional  1,959,300 common shares with a value of approximately $0.124 per share in settlement of invoices totaling $243,309 in this tranche.  This brings the total number of shares issued under the agreement to 2,524,400 with a value of $332,906, for a value of approximately $0.132 per share.  There are no further issuances of shares contemplated under the agreement.

The second tranche of securities will be subject to a four month hold period expiring March 20, 2020. This issuance of shares is subject to the final acceptance of the TSX Venture Exchange.  Conditional acceptance for the share issuance has been granted.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

VANCOUVER, BC, November 6th, 2019 – FireFox Gold Corp. ("FireFox" or the "Company") (TSXV: "FFOX") is pleased to report that it has completed as scheduled the Phase 2 drill program at its Mustajärvi Gold Project and is awaiting assay results. The drill rig has now been moved to the Jeesiö Gold Project to test the newly identified Utsamo area. Both projects are situated in the heart of the Central Lapland Greenstone Belt in Finland.

Carl Löfberg, Chief Executive Officer of FireFox Gold Corp. commented: “We are pleased to be starting our second drill program this fall as we planned. This is our first time drilling at Jeesiö, and we are excited to follow-up the multiple anomalies we identified at the new Utsamo area.”

Up to three reconnaissance drill holes totaling approximately 350 metres will be drilled at the Utsamo area. The drill program is focused on the northern part of the 2.8-kilometre-long structural feature identified earlier this year, which is believed to represent the continuation of the Sirkka Shear Zone (see FireFox news release dated September 3rd, 2019). There, both gold in Bottom-of-Till (BOT) samples and anomalous Ionic Leach samples are spatially associated with the boundaries of magnetic bodies and contacts between low and high resistivity domains. These apparent drill targets are interpreted to represent the contact zone between hydrothermally altered metasediments and gabbroic sills – a common association of gold deposits in the region.

Additional target development work is on-going at the Jeesiö Project. Currently, a 250 metre trench sampling program is underway at the Homelampi target where BOT sampling returned anomalous gold including up to 1070ppb (see FireFox news release dated December 27th, 2018).  The Homelampi target is located approximately five kilometres to the southwest of Utsamo.

Mustajärvi Drill Program Update

All together nine diamond core drill holes, with total length of 1431 metres, tested the 100%-owned Mustajärvi Project in the Phase 2 program.   The drill program was designed to follow-up the high-grade mineralization intersected earlier this year, and to increase the strike length of the mineralization by stepping out beyond the historic mineralization located near the center of the property (see FireFox news release dated September 18th, 2019). Geological and structural logging of core has been completed, and assay results are expected toward the end of November.

For additional details on the Projects, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC, October 21, 2019 – FireFox Gold Corp. ("FireFox" or the "Company") (TSXV: "FFOX") announces that the Company has entered into an agreement for services (the "Agreement") with Oy Kati Ab Kalajoki ("Kati"), an arm's length party, pursuant to which the Company will issue common shares of the Company in full satisfaction of ongoing drilling services (the "Services") provided by Kati in Northern Finland (the "Shares for Services"). 

Under the Agreement, the deemed price of the common shares to be issued is to be calculated using the closing price of the Company's common shares on the first trading day after the last date on each invoice in which Services are provided to the Company.

The Company has received invoices from Kati for work performed to September 27, 2019 and has issued 565,100 common shares with a value of approximately $0.16 per share in settlement of invoices totaling $89,597.  Future issuances of shares are anticipated under the Agreement prior to December 31, 2019.

The securities will be subject to a four month hold period, expiring February 22, 2020. The Shares for Services arrangement is subject to the final acceptance of the TSX Venture Exchange.  Conditional acceptance for the share issuance has been granted.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (September 18th, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that diamond core drilling has started at its 100% owned Mustajärvi Gold Project in the Central Lapland Greenstone Belt, Finland. This phase of drilling consists of nine planned drill holes, with total length of approximately 1,500 metres. The program has two primary objectives: (1) to follow up the high-grade mineralization intersected earlier this year, and (2) to increase the strike length of the mineralization by stepping out beyond the historic mineralization located near the center of the Mustajärvi property.

The first four drill holes will follow up the high-grade gold mineralization (2m @ 45.1 g/t Au) intersected during the Company´s Phase 1 drilling last winter (see FireFox news release dated 21 Jan, 2019). Of these four holes, two will target the continuation of this high-grade gold zone another 25m and 50m down dip, respectively. The remaining two holes are planned to test the strike extent of this mineralization 25m east and west.

The fifth hole will test the continuation of mineralization encountered in two historical Outokumpu drill holes, one of which intersected 2.7m @ 14.6 g/t Au. Drill hole six will be an attempt to duplicate an Outokumpu hole that intersected 12m @ 2.7 g/t Au despite suffering severe core loss up to 50%. The aim of these holes is to better understand the true width and grades of the near-surface mineralization.

Cautionary note: The historic Outokumpu drilling suffered from significant core loss due to faulting and fracturing; reported widths may not represent true thickness. While the Company believes the preceding historical drilling and sampling data are reliable, readers are cautioned that a “qualified person” (as defined by National Instrument 43-101) has not yet completed sufficient work to verify the historical information, and therefore the information should not be relied upon. Outokumpu data retrieved from the Geological Survey of Finland (GTK) database.

The remaining three holes are step-out holes further away from the central Mustajärvi mineralization. Two drill holes will be located approximately 450m northeast from known drilling. These holes will target an interpreted dilational jog along the shear zone which is associated with two distinct geochemical gold-in-till anomalies. Another drill hole will be located 250m southwest of the central Mustajärvi drill holes. It will target an interpreted flexure in the Mustajärvi shear zone that is associated with a strong IP chargeability anomaly and low resistivity values.

Assay results from these holes are expected during late October and early November.

About the Mustajärvi Gold Project

The Mustajärvi Gold Project (the “Project”) consists of an exploration permit and exploration reservations covering over 15km2. The project area is flat, glacial till-covered terrain in the Lapland region of northern Finland, 17 km east of the town of Kittilä, with road and power on the property. The Project is situated in the Central Lapland Greenstone Belt, which hosts several recent gold discoveries. The Project occupies more than two kilometres strike length of the Venejoki Thrust Zone, which is believed to be a splay of the Sirkka Thrust Zone, an important host to gold mineralization in the belt.  The observed gold mineralization, structural setting and work to date support the potential for a high-grade orogenic gold deposit on the Mustajärvi property. 

For additional details on the Project, please visit the Company’s website www.firefoxgold.com.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare, and approves, the technical information in this news release.

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, and approves, 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

 

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding: the current drill program, including the expected number, depth, location, and direction of the drill holes; the timing of assay results; and possible extensions of mineralization along with its thickness and quality. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC – (September 17th, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective September 16th, 2019 that, subject to regulatory acceptance, it has completed the second and final tranche of a non-brokered private placement (the “Private Placement”). In both tranches together the Company raised total gross proceeds of $570,500 by issuing 3,803,333 units of the Company.  The second tranche was completed by issuing 1,830,000 units of the Company at a purchase price of $0.15 per unit for gross proceeds of $274,500. Each unit consists of one common share of the Company and one non-transferrable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of two years from the closing of the offering at an exercise price of $0.20. 

Finders fees of $3,780 are payable in cash to parties at arm’s length to the Company on a portion of the private placement. In addition, 22,800 non-transferable Broker Warrants are being issued to those same parties.  Each Broker Warrant shall be exercisable into one common share of the Company for a period of two years from the closing of the offering at an exercise price of $0.20.

Two related parties participated in the first tranche of the transaction, having subscribed for a total of 440,000 units for gross proceeds of $66,000.  The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by insiders does not exceed 25 per cent of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the offering, which the Company deems reasonable in the circumstances in order to complete the offering in an expeditious manner.

After this financing, FireFox has 40.7 million shares outstanding, 15.6 million warrants, and 3.5 million stock options issued.

The shares issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations.  All currency figures cited in this news release are in Canadian dollars.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, withholding of or delays in obtaining regulatory approvals, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

 

 

 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (September 11th, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective September 9th, 2019 that it has completed the first tranche of a non-brokered private placement (the “Private Placement”) by issuing 1,973,333 units of the Company at a purchase price of $0.15 per unit for gross proceeds of $296,000. Each unit consists of one common share of the Company and one non-transferrable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of two years from the closing of the offering at an exercise price of $0.20.  Subject to regulatory acceptance, the Company intends to complete a second tranche of the Private Placement by September 15th, 2019.

Two related parties participated in the transaction, having subscribed for a total of 440,000 units for gross proceeds of $66,000.  The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by insiders does not exceed 25 per cent of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the offering, which the Company deems reasonable in the circumstances in order to complete the offering in an expeditious manner.

After closing this tranche of the financing, FireFox has 38.9 million shares outstanding, 13.8 million warrants, and 3.5 million stock options issued.

The shares issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations.  All currency figures cited in this news release are in Canadian dollars.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (September 4th, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces a non-brokered private placement offering. Subject to regulatory approvals, the Company intends to raise gross proceeds of $250,000 to $1,000,000 by issuing from 1,666,667 up to 6,666,667 units of the Company at a purchase price of $0.15 per unit. Each unit will consist of one common share of the Company and one non-transferrable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of two years from the closing of the offering at an exercise price of $0.20. Prior to this financing, FireFox has 36.9 million shares outstanding, 11.8 million warrants, and 3.5 million stock options issued.

The shares issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations.  All currency figures cited in this news release are in Canadian dollars.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

 

VANCOUVER, BC – (September 3rd, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide an update on the 2019 field program at its fully permitted Jeesiö Gold Project in the Central Lapland Greenstone Belt, Finland.  

The Company has compiled results from recently completed geophysical and geochemical surveys and further delineated the major crustal structure that is believed to be the continuation of the Sirkka Shear Zone (see FireFox news release dated Mar. 22, 2019). The Sirkka Shear Zone provides the structural control for most known gold deposits in Central Lapland. In particular, the compilation has highlighted an interpreted contact zone that  is often characteristic of the gold deposits associated with the Sirkka structure. FireFox is now planning a drill program to test the northern part of the Jeesiö Project in October.

The Utsamo area of our Jeesiö Project is evolving into an exciting drill target,” commented Carl Löfberg, Chief Executive Officer of FireFox Gold Corp. “Results to date, from our multidisciplinary exploration program, have repeatedly focused us towards an important structural corridor that is believed to be a major control of gold deposition in the region.”

Integrated Exploration Program

The ongoing exploration program has been focused on the Utsamo target at Jeesiö. FireFox geologists have been conducting conventional prospecting and reconnaissance geological mapping in the area. The team has collected almost 200 samples of quartz veins and hydrothermally altered quartzite, including one sample that contained 4.6 g/t Au. This newly identified mineralization consists of strong sulfide-carbonate-altered quartzite. Follow-up sampling and trenching are currently underway in this southern portion of the Utsamo target area.

Approximately 3km north, the Company has identified a 2.8 km long structural feature, associated with numerous gold and geophysical anomalies. Results have now been received for detailed geochemical and geophysical surveys in addition to geological mapping of the area that was conducted during the summer of 2019.

A detailed Induced Polarization (IP) survey was conducted at the northern part of this 2.8 km long structural and geophysical feature. The area of interest is characterized by a band of low magnetism with discrete magnetic inliers that passes through more magnetic rocks. The results imply that the targeted structural corridor is characterized by low resistivity, and that the gold bearing Bottom-of-Till (BOT) samples are spatially associated with the sharp northeastern contact between low and high resistivity domains. This boundary is interpreted to represent the contact zone between hydrothermally altered metasediments and gabbroic sills – a common association of gold deposits in the region.

Much of the target area is covered by marshland where residual soils and till may not available for sampling. The FireFox team is assessing overburden geochemical methods to assist in targeting through the cover. As part of those tests, geologists collected approximately 103 samples along 6 lines across the targeted structure and submitted them for partial leach geochemistry and ultrasensitive analysis by Inductively Coupled Plasma – Mass Spectrometry (ICP-MS). The preliminary results of the partial leach geochemistry resemble the nearby BOT geochemistry, highlighting anomalous gold, copper, and other elements along the interpreted contact zones.

The new IP and geochemical results appear to be helpful in focusing the exploration along the nearly 3 km target corridor of metasediments and gabbro. FireFox geologists continue working in the area to enhance the focus and the targets for future drill testing.

FireFox expects to proceed with drill testing of targets in the northern part of the Jeesiö Project in October.

Methodology

The IP survey configuration applied at Jeesiö was double offset dipole-dipole 3D IP (2.5D data acquisition) with 40m receiver dipoles and 50m transmitter dipole. The receiver dipoles were moved along the survey lines (16 x 2 dipoles for two 640-metre lines) and all dipoles were active for every reading.

FireFox employs quality assurance practices to monitor the reliability of laboratory results. These practices include the insertion of analytical control samples into all laboratory submittals. Results reported here have complied with FireFox’s quality assurance standards. Labtium Laboratory Oy performed fire assay for gold on 25 g aliquots followed by ICP-OES determination (method 704P; detection limit 0.01ppm). Labtium Laboratory Oy is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Labtium also complies with the requirements of the Standards Council of Canada (CAN-P-1579) “Guidelines for Accreditation of Mineral Analysis Testing Laboratories”.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687
Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

VANCOUVER, BC – (August 19, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that it has incorporated two new tenement blocks, collectively called the Kierinki Project (“Kierinki” or “the Project”) into its gold exploration portfolio in central Lapland, Finland. The Project covers 983.9 km2 (98,390 hectares) in the Kierinki Schist Belt and demonstrates geologic potential to host orogenic gold deposits but has never been the focus of detailed exploration.  The Project blocks are situated less than 30 km from the Company’s portfolio of over 500 km2 of gold projects in the Central Lapland Greenstone Belt.   

“The addition of these two new large tenement blocks gives FireFox a dominant foothold in the Kierinki Schist Belt,” commented Carl Löfberg, CEO of FireFox. “Not only does this region host several prominent gold anomalies, but the Kierinki Schist Belt also exhibits similarities to other schist belts that host high-grade gold occurrences. Despite this, the region has been totally over-looked with respect to gold exploration.  We are very excited to begin prospecting the tenements later this field season,” added Mr. Löfberg.

FireFox also wishes to report that the Company will initiate a Phase 2 drill campaign at its Mustajärvi Gold Project in September 2019.  The campaign will consist of 5 to 7 drill holes, each of 200-300 metres depth.   Drilling will target the continuation of the high-grade zone that was discovered during the Phase 1 drill campaign in 2018, as highlighted by a 2 metre interval that assayed 45.1 g/t gold, including 0.5 metres grading 73.7 g/t gold (see FF press release dated January 21, 2019). In addition, numerous IP (Induced Polarization) targets identified in the 2018 field season will be targeted in the Phase 2 drill campaign (see FireFox press release dated September 25, 2018).

Kierinki Project Geology Overview

The newly granted exploration reservation notification for the two new tenement blocks covers the majority of the Kierinki Schist Belt, a Paleoproterozoic-aged volcano-sedimentary belt adjacent to the Central Lapland Granitoid Complex. The belt consists mainly of quartzites and sandstones together with minor mafic volcanic rocks. The whole rock package has been metamorphosed to low-pressure amphibolite facies.

The belt bears similarities to the northern parts of the Peräpohja Schist Belt – more specifically with the Rompas-Rajapalot area, where bonanza-grade gold occurrences have been discovered. Rompas-Rajapalot is located about 50 km south of Kierinki.

The Kierinki Schist Belt is one of the least studied schist belts in northern Finland. The area was first highlighted by the government-sponsored Nordkalott Project in the late 1980´s, when one of the strongest gold-in-till anomalies in Northern Fennoscandia was recorded. In spite of such observations, the Kierinki area has only seen reconnaissance studies by the Geological Survey of Finland and has never before been explored in detail. The results of these reconnaissance studies suggest that the Kierinki Schist Belt shares the geochemical characteristics of the Rompas-Rajapalot area to the south, characterized by high gold and cobalt. The geochemical anomalies at Kierinki are also similar to mineralization associated with the Sirkka Shear Zone in the north, where there is an association between gold and tellurium.

Importantly, these early studies also indicated that in samples from the Kierinki region, gold likely occurred as free gold, suggesting it was likely derived from weathering of quartz veins. The geochemical gold anomalies at Kierinki are associated with the faulted boundaries of structural blocks where the dominant structural grain is evidenced by major faults striking generally NNE or NNW.  This sort of structural control suggests the potential to host orogenic gold deposits in the area.  [The foregoing studies were reviewed by the Company but predate the guidelines of National Instrument 43-101 Standards of Disclosure for Mineral Projects and the Company has not yet done the work necessary to verify any of this information.  These historical results should not be relied upon although the Company is of the opinion that these results are relevant to an understanding of the potential for the tenements and the area in general.] 

The FireFox team intends to initiate prospecting of the region later this field season.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (August 7, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce the appointment of Mr. Timo Mäki to its board of directors. Mr. Mäki is an experienced geologist who resides in Finland.  He was most recently the Chief Geologist at First Quantum’s Pyhäsalmi Mine, where he worked from 1988-2018. He is credited with the discovery of the Mullikkoräme zinc deposit in 1987 and Pyhäsalmi deep deposit in 1996. Mr. Mäki is currently on the scientific advisory board of the K.H. Renlund Foundation and the EU Horizon 2020 project “Next”.  He also served on the board of the Finnish Mining Association from 2013-2016. Mr. Mäki has a Master’s of Science (Geology and Mineralogy) from the University of Turku.

FireFox also announces the resignation of Ms. Julie Lassonde as a director of the Company. The Company would like to express its heartfelt appreciation to Ms. Lassonde for her contribution to the Board of Directors, in particular her assistance with the Company’s listing process.  FireFox wishes Ms. Lassonde every success as she increases her focus on her charitable works.

The Company also wishes to report that it has issued 1.74 million incentive stock options to certain officers, directors and consultants of FireFox, subject to acceptance by regulatory authorities, subject to approval by shareholders, and subject to the terms of the incentive stock option plan. The options have an exercise price of $0.15 cents per share, and are valid for five years from the date of issuance.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 100,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

 

 

VANCOUVER, BC – (July 29, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has commenced a new field program at its fully permitted Jeesiö Gold Project in the Central Lapland Greenstone Belt in Finland. The program is directed at the major structure previously identified by the Company, which is thought to be the continuation of the Sirkka Shear Zone (see FireFox Gold Corp. news release dated Mar. 22, 2019). The Sirkka Shear Zone is the major deep crustal shear zone that provides the structural control for numerous gold deposits in Central Lapland.

The new program is focused on the Utsamo gold target at Jeesiö. At Utsamo, the Company has identified a 2.8 kilometre-long structurally distinct zone, associated with numerous gold anomalies in till, that follows the contact between mafic intrusive rocks and metasediments. This feature is believed to be the continuation of the Sirkka Shear Zone.  The prospectivity of the Utsamo target is highlighted by the discovery of a gold-bearing quartz vein system by another company about 1.7 km to the south-southeast, where several boulders and surface samples assayed as high as 74 g/t Au and 379 g/t Au (see Aurion Resources news release dated Feb. 12, 2019).  FireFox cautions that, while Aurion’s discovery indicates potential for the Utsamo target, Aurion’s results may not be indicative of the mineralization on FireFox’s Utsamo target.

A detailed IP survey will be conducted at the northern part of the 2.8 km long structurally distinct zone at Utsamo. FireFox previously completed ground magnetic surveys of the target area, including a second survey with additional 54 line-kilometres in late winter of this year.  The magnetic survey results will be combined with the IP results to delineate the drill hole collars for a drill program later this year. In addition, detailed sampling and analysis using MMI (Mobile Metal Ion) methodology will be conducted across the structure to help define future drill targets.   MMI is an advanced geochemical exploration technique well suited for aiding in the identification of buried mineral deposits.

At the southern part of Utsamo, the Firefox Gold field team has recently completed detailed targeting applying available geochemical and geophysical data together with a high-resolution LIDAR remote sensing survey. Several secondary-targets have been identified that will be subjected to detailed mapping and surface sampling.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 100,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (July 17, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective July 16, 2019 that, subject to regulatory acceptance, it has completed the second and final tranche of a non-brokered private placement (the “Private Placement”) by issuing 3,100,000 units of the Company (“Units”) at a purchase price of $0.10 per Unit for gross proceeds of $310,000. Each unit consists of one common share of the Company and one non-transferrable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of three years from the closing of the Offering at an exercise price of $0.15.

The Company’s offering was fully subscribed.  In both tranches the Company raised total gross proceeds of $750,000.

Directors and other related parties participated in the transaction, subscribing for a total of 650,000 units for gross proceeds from insiders of $65,000.  The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

After this financing, FireFox has 36.9 million shares outstanding, 11.8 million warrants, and 1.7 million stock options issued.

The shares issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the dates of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations.  All currency figures cited in this news release are in Canadian dollars.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 100,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

 

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

 

VANCOUVER, BC – (July 4, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective June 28, 2019 that it has completed the first tranche of a non-brokered private placement (the “Private Placement”) by issuing 4,400,000 units of the Company (“Units”) at a purchase price of $0.10 per Unit for gross proceeds of $440,000. Each unit consists of one common share of the Company and one non-transferrable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of three years from the closing of the Offering at an exercise price of $0.15.

Subject to regulatory acceptance, the Company intends to complete a second tranche of the Private Placement before July 31, 2019, which is expected to increase the total gross proceeds of the Private Placement to approximately $750,000.

After closing this tranche of the financing, FireFox has 33.8 million shares outstanding, 8.7 million warrants, and 1.7 million stock options issued.

The shares issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations.  All currency figures cited in this news release are in Canadian dollars.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 100,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

 

VANCOUVER, BC – (June 4, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces a non-brokered private placement offering. Subject to regulatory approvals, the Company intends to raise gross proceeds of $200,000 to $500,000 by issuing from 2,000,000 up to 5,000,000 units of the Company at a purchase price of $0.10 per unit. Each unit will consist of one common share of the Company and one non-transferrable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of three years from the closing of the Offering at an exercise price of $0.15. Prior to this financing, FireFox has 29.4 million shares outstanding, 4.3 million warrants, and 1.7 million stock options issued.

The shares issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations.  All currency figures cited in this news release are in Canadian dollars.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 100,000 hectares 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

 

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Offering and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

 

 

 

VANCOUVER, BC – (Mar 22, 2019) – FireFox Gold Corp. (TSX-V: FFOX, FSE: A2PDU7) (“FireFox” or the “Company”) is pleased to announce that new ground magnetic surveys have verified a major structure thought to be the continuation of the Sirkka Shear Zone through its Jeesiö gold project in the Central Lapland Greenstone Belt (CLGB) of northern Finland. The Sirkka Shear Zone is the major deep crustal shear zone that provides the structural control for numerous gold deposits in Central Lapland.

Late last year FireFox outlined five promising new gold targets on the Jeesiö property based on results from its Bottom-of-Till (BOT) sampling program and a compilation of gold and geochemical data from historic sampling (See Company news release dated Dec. 27, 2018). The Company immediately prioritized the Utsamo and Homelampi targets for follow-up work and conducted ground magnetic surveys at both targets. At Utsamo, the survey results identified a 2.8 km long structurally distinct zone, associated with numerous  gold anomalies in till, that follows the contact between mafic intrusive rocks and metasediments. This feature is believed to be the continuation of the Sirkka Shear Zone (See Figure 1:  https://bit.ly/2YdaPlt ).

“We believe that our Utsamo Target occupies an important flexure in the Sirkka Shear Zone where it deflects from easterly to a southeasterly strike,” commented Carl Lofberg, CEO of FireFox Gold. “These types of large regional shear zones control many of the world-class orogenic gold districts throughout the world, and inflection points such as this often focus much of the tonnage and grade.”

The prospectivity of the Jeesiö Project, and the Utsamo Target particularly, is further highlighted by the discovery of a gold-bearing quartz vein system by another company, about 1.7 kilometres to the south-southeast (see Aurion Resources news release dated Feb. 12, 2019). A number of boulders and quartz vein surface samples from this area reportedly assayed as high as 74 g/t Au and 379 g/t Au. Both target areas appear to be related to the Sirkka Shear Zone (See Figure 2: https://bit.ly/2JslqpH ).

Dr. Richard Goldfarb, technical advisor to FireFox Gold, commented on the new interpretation: “Along a major structure, such as the Sirkka Shear Zone, areas of greater geological complexity, both structurally and lithologically, are favorable locations for mineralization. Gold-transporting fluids traveling along primary faults will be largely focused along curvilinear segments of the structures, where segments of this main structure are characterized by major bends where spaces are preferentially opened. The Utsamo Target represents the location of just such a flexure along the Sirkka Shear Zone.”

The Company is continuing its exploration activities at the Jeesiö Project. Additional ground magnetic surveys are ongoing and induced polarization (IP) surveys are planned to delineate drill targets for later this year. FireFox geologists have also prepared plans for the summer detailed mapping and sampling programs.

Additional details on the project are available from the Company’s website, here.

Methodology and Quality Assurance

The ground magnetic survey at Jeesiö NE included a total of 35 east-west oriented lines with lengths ranging between 1.0 and 1.8 kilometres. Line spacing was 50 metres, for a total of approximately 50 line-kilometres covering an area of ~300 hectares. The sampling crew employed industry standard controls on the survey quality, including the use of a base station.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland where it is actively exploring its project portfolio that includes over 100,000 hectares 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.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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: exploration results, changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the potential scale and orientation of the mineral system, future exploration programs and the timing thereof, including follow-up drill testing of exploration targets, operational plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (Mar 1, 2019) – FireFox Gold Corp. (TSX-V: FFOX, FSE:A2PDU7) (“FireFox” or the “Company”) is pleased to provide final drill results and interpretation for its 1,094.5 metre Phase 1 drilling program on its 100%-owned Mustajärvi gold exploration project in the Central Lapland Greenstone Belt, Finland. 

The drill program was successful in achieving all of its goals: it confirmed the location and gold grades of historic drilling, discovered a new style of high-grade gold mineralization at greater depths than previously targeted, and encountered the first signs of mineralization spatially associated with the extensive IP anomaly identified in the Company´s earlier survey (see FireFox news release dated 25 September, 2018).

In addition to new targets at depth, mineralization at Mustajärvi remains open along strike. To date drilling has tested only 400 metres of the 2,900-metre-long potential trend identified by Bottom-of-Till (BOT) sampling anomalies and geophysical surveys. Gold mineralized veins were encountered both at western and eastern extremes of the drilled area. There are also indications from both surface work and core drilling of at least two different orientations of gold-bearing structures.

When we combine our geological, surface geochemical and geophysical data with our drill results, a very exciting picture emerges at the Mustajärvi Project,” commented Carl Löfberg, CEO of FireFox Gold. “We have only begun to test the different structural, lithological, and geophysical targets on the property. The high grades intersected so far at Mustajärvi in multiple geological settings are good first steps towards delineating a substantial high-grade gold deposit. We look forward to testing the wide range of targets with follow-up drilling later this year.”

Gold mineralized veins were encountered in 6 of the 8 holes drilled.  Highlights of the drill results include:

  • Hole 18MJ010 intersected a 2-metre-thick, massive pyrite zone from 125.5 metres down-hole that assayed 45.1 g/t gold (including 0.5 metres grading 73.7 g/t gold) (as reported in FireFox news release dated 21 January, 2019).
  • Drill holes 18MJ004 and 18MJ014 were drilled along the same section at the eastern tip of the known mineralization and yielded 1.15 m @ 3.6 g/t Au (43.3-44.45 m) and 1.55 m @ 2.9 ppm Au (65-66.55 m), respectively.
  • Drill holes 18MJ008 and 18MJ013 targeted a portion of the IP anomaly and were drilled approximately 100 metres west of known mineralization, yielding: 3.65m @ 0.97 g/t Au in 18MJ008 (19.5-23.5 m; includes significant core loss), and 0.7m @ 1.95 g/t Au (69.25-69.95 m) and 1.65m @ 0.89 g/t Au (143.85-145.5 m) in 18MJ013.
  • Significant gold intercepts at the project contain anomalous cobalt.
Table 1. Summary of Drill Intercepts  
Drill Hole Easting (metres) Northing (metres) Azimuth (°) Plunge (°) Depth (m) From (m) To (m) Interval (m) Gold (g/t) Co (wt.%)
18MJ001* 427 793.5 7 500 263.0 340 -45 70.3 - - - - -
18MJ002* 427 702.4 7 500 227.8 340 -45 82.1 30.60 34.70 4.10 1.87 -
incl           34.35 34.70 0.35 11.63 0.11
and           62.70 63.50 0.80 3.96 0.07
18MJ004 427 840.9 7 500 281.3 340 -45 75.2 43.30 44.45 1.15 3.60 0.21
18MJ007* 427 595.0 7 500 224.6 340 -45 101.0 - - - - -
18MJ008^ 427 548.6 7 500 206.3 340 -45 104.7 19.50 23.50 3.65 0.97 -
incl           20.00 20.45 0.45 2.51 0.03
18MJ010* 427 727.8 7 500 161.6 340 -45 154.8 87.30 87.80 0.50 1.60 0.04
and           125.50 127.50 2.00 45.05 0.16
incl           126.50 127.00 0.50 73.72 0.25
18MJ013^ 427 612.7 7 500 041.0 340 -45 354.8 69.25 69.95 0.70 1.95 -
incl           69.80 69.95 0.15 8.43 0.02
and^           143.85 145.50 1.65 0.89 -
incl           143.85 144.40 0.55 2.45 -
18MJ014^ 427 866.9 7 500 215.1 340 -45 151.15 65.00 66.55 1.55 2.90 0.02
incl           65.65 66.00 0.35 12.26 0.02
Notes:  Drill hole numbering was not consecutive. Drilling is believed to be perpendicular to the dip of the mineralization, however true widths are not yet known and will be confirmed with additional drilling and geological modeling following the program. * as reported 21 January, 2019 ^ Internal dilution and tails are mineralized but assay below the Company’s 1 g/t cutoff for high grade gold

Drill Program Details

Initial results for the first four drill holes (18MJ001, 18MJ002, 18MJ007 and 18MJ010) are available in the Company’s news release dated 21 January, 2019, on the Company’s website and filed on SEDAR. The remaining four drill holes, reported in this release, were drilled along parallel sections to the east and west of the known mineralization.

Drill hole 18MJ004 tested mineralization reported by a 1990’s Outokumpu drill hole at the eastern border of the known extent of mineralization. This drill hole was collared approximately 15 metres to the SSW of historic hole KT/MF-7 but with a slightly different azimuth and plunge so that it should have passed within approximately 10 metres of Outokumpu’s mineralized interval.  Results from this hole confirmed the historically reported mineralization (KT/MJ-7: 1.4 m at 6.02 ppm Au) with an intercept of 1.15 m at 3.6 g/t Au at a down-hole depth of 43.3 m. Drill hole 18MJ014 was planned as a step-back hole for 18MJ004, targeting deeper extensions of the mineralized system. It intersected auriferous mineralization of 2.9 g/t Au over 1.55 m at a relatively shallow down-hole depth of 65 m. At greater depths, this hole intersected multiple veins with anomalous gold (including 0.7 m at 0.54 g/t Au at 90.7 m down-hole depth; and 1 m at 0.24 g/t Au at 130.15 m down-hole depth), further indicating the potential for deeper mineralization as identified in hole 18MJ010.

Hole 18MJ008 was located approximately 100 m west of the western-most Outokumpu drill hole, targeting surface BOT Au anomalies. The hole managed to confirm the BOT anomalies in the bedrock, intersecting 3.65m @ 0.97 g/t Au from 19.5 m depth, including core loss. Drill hole 18MJ013 was planned as a step-back hole to 18MJ008, located approximately 175 m SSE along the drilling section. Furthermore, it was a preliminary drill test of a portion of the previously reported IP anomaly at Mustajärvi. The hole intersected low grade mineralization including 0.7m @ 1.95 g/t Au from 69.25 m down hole and 1.65m @ 0.89 g/t Au from 143.85 m down hole, indicating the potential for mineralization along the fault zone and showing the first signs of mineralization spatially associated with the extensive IP anomaly.

Phase I Program Interpretations

Geology
The now completed phase 1 drill program allowed FireFox geologists to build a more detailed geological model for the gold mineralization at Mustajärvi. This model will provide a base for planning future drilling programs. The geology in the Mustajärvi area is dominated by the contact zone between the Sodankylä Group siliciclastic metasediments and the Savukoski Group ultramafic and mafic volcanics. This contact is usually gradational with mafic-ultramafic interlayers in the siliciclastic metasediments close to the contact zone. In hole 18MJ013 black schists interlayered with mafic tuffs have been observed near the contact zone. The contact zone is thought to provide a major control for the gold mineralization due to the competency contrast between the lithologies, auriferous veins generally following the contact zones between mafic-ultramafic volcanics and siliciclastic metasediments. The oriented drill core, combined with the surface mapping in trenches, has provided much more insight into the structural controls on mineralization. Much work remains on the structural geology, but the data suggest that some targets will require changes to the drilling direction.  

Alteration
Based on work to date, the rocks appear to be highly altered in the Mustajärvi area. There are indications of extensive distal alteration over the entire project area. In addition, FireFox geologists identified links between certain alteration assemblages and the different styles and tenor of mineralization, which can be now used as a vector for additional work.

Photos, maps, and additional details on the project are available from the Company’s website, www.firefoxgold.com.

Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the geological and geotechnical logging was conducted, and assay intervals selected by FireFox´s exploration team. Intervals were generally 1 m but in some circumstances were modified according to lithological boundaries and other factors. FireFox geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including the insertion of standard and blank samples. The logged core was then transported to Labtium Laboratory Oy in Sodankylä, Finland, where it was cut in half, with one half stored and the other half crushed, pulverized and split with a riffle splitter.

The lab performed fire assay for gold on 25 g aliquots followed by ICP-OES determination (method 704P; detection limit 0.01ppm). In addition, the lab reports a large suite of elements from a subsample that is digested in hot aqua regia, and analyzed by ICP-OES and ICP-MS (method 515PM). The multielement analyses are not completed at the time of this news release. Labtium Laboratory Oy is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Labtium also complies with the requirements of the Standards Council of Canada (CAN-P-1579) “Guidelines for Accreditation of Mineral Analysis Testing Laboratories”.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland where it is actively exploring its project portfolio that includes over 100,000 hectares of prospective ground.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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: exploration results, changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the potential scale and orientation of the mineral system, future exploration programs and the timing thereof, including follow-up drill testing of exploration targets, operational plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (February 25, 2019) – FireFox Gold Corp. (TSX-V: FFOX, FSE: A2PDU7) (“FireFox” or the “Company”) is pleased to report that it is now trading on the Frankfurt Stock Exchange under the symbol FIY (WKN A2PDU7).  The Company’s main listing remains on the TSX Venture Exchange under the symbol FFOX.

FireFox President and CEO Carl Löfberg commented: “As a European-focused company we felt it was important to broaden our market to include a European exchange. We have had excellent response to our marketing so far, and so we expect to see strong trading support in Frankfurt.”

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland where it is actively exploring its project portfolio that includes over 130,000 hectares of prospective ground. 

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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: exploration results, changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the potential scale and orientation of the mineral system, future exploration programs and the timing thereof, including follow-up drill testing of exploration targets, operational plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (Jan 21, 2019) – FireFox Gold Corp. (TSX-V: FFOX) (“FireFox” or the “Company”) is pleased to provide initial drill results for its 1,094.5 metre phase 1 drilling program on its 100%-owned Mustajärvi gold exploration project in the Central Lapland Greenstone Belt, Finland.

Highlights of the drill results include:

  • Hole 18MJ010 intersected a 2-metre-thick, massive pyrite zone from 125.5 metres down-hole that assayed 45.1 g/t gold (including 0.5 metres grading 73.7 g/t gold);
  • This 2-metre interval was part of a wider, strongly altered and mineralized zone that assayed 22.89 g/t gold over 3.95 metres. Overall, the mineralized interval spanned 5 metres, with the shoulder sections assaying below the Company’s 1 g/t gold high grade cutoff.

These first results confirm that gold mineralization at Mustajärvi occurs to a vertical depth of at least 100 metres. Historic drill results only went as deep as 40 metres vertically. The results indicate that both the grade and apparent width of the gold mineralization is greater at depth. True widths are not yet known but will be confirmed with additional drilling and geological modeling following the program. The results from the first four holes of the program are summarized in Table 1, below. 

“Intersecting a significant interval of high-grade gold at depth on our very first drill program corroborates our new geologic interpretation at Mustajärvi,” commented Carl Löfberg, CEO of FireFox Gold. “We intend to continue directly into a second phase of drilling as part of our overall strategy to explore the gold potential of the highly prospective Central Lapland Greenstone Belt.” 

Drill Program Details

The recently completed 1,094.5-metre phase-1 diamond core drilling program was designed to: 1) verify the quality of historical drilling and assays; 2) drill test extensions of known gold mineralization at depth and along strike, and; 3) to drill test the recently identified geophysical (IP and magnetics) anomalies associated with the Mustajärvi shear zone (see FireFox news release dated 25 September, 2018). The assay results for the first four drill holes 18MJ001, 18MJ002, 18MJ007, and 18MJ010, totaling 410.25 metres, are summarized in Table 1. Assay Results from the remaining 4 drill holes are pending.

Drill holes 18MJ002 and 18MJ010 targeted potential down dip extensions beneath the small historical artisanal mining pit. Borehole 18MJ002 was most proximal to the pit and drilled to only 82 metres. That hole intersected several zones of gold mineralization, averaging from 1.87 to 11.63 g/t gold.  Drill hole 18MJ010 was collared approximately 70 metres southwest of 18MJ002 and extends to a depth of almost 155 metres. It was the first attempt to test the deeper extents of the Mustajärvi mineralization, as the historical drilling tested only the topmost 40 metres.

The geology of drill hole 18MJ010 was dominantly altered metavolcanics rocks of intermediate to mafic composition. The host rocks are strongly albitized with variable silica and carbonate alteration. At 87 to 90 metres down hole, a quartz-pyrite-tourmaline vein yielded 1.6 g/t gold over 0.5 metres, but there was substantial core loss. At 100 to 130 metres down hole, there was strong albite with variable quartz-carbonate alteration. A massive 2-metre-thick pyrite interval between 125.5 and 127.5 metres down-hole hosts 45.1 g/t gold (including 0.5 metres of 73.7 g/t gold). This was situated in the middle of a wider and strongly altered and mineralized unit that assayed 18.1 g/t gold over 5 metres with the shoulder sections assaying below the Company’s 1 g/t gold high grade cutoff.

Drill hole 18MJ002 targeted shallow historical mineralization beneath the artisanal pit and intersected a 7.5-metre-wide zone (29 m to 36.5 m) of intense clay alteration including strongly oxidized quartz-pyrite-tourmaline veins. This interval closely resembles the outcropping surface mineralization previously reported. The drilling suffered core loss, but still yielded 4.1 metres averaging 1.87 g/t gold, including a high-grade intercept of 0.35 metres averaging 11.63 g/t gold consisting of a quartz-pyrite-tourmaline vein. Further downhole, two quartz-pyrite-tourmaline-carbonate veins were also intersected from 62.7 m to 63.5 m and from 77.9 m to 78.6 m, with the upper vein  yielding 0.8m at 3.96 g/t gold. There is broad alteration halo observed in the intermediate host rock that hosts these veins, characterized by strong albitization and carbonization alteration with more localized intense sericitization and tourmalinization. This drill hole intersected the same rock interval as reported in Outokumpu’s historic drill records, and exhibits similar gold grades to the historic drilled intercept.

Two other drill holes 18MJ001 and 18MJ007 suffered significant core loss adjacent to quartz-pyrite-tourmaline–rich veins and did not yield significant gold intervals. Most of the core from these drill holes is also highly altered, exhibiting strong albitization and carbonatization and abundant quartz-albite-carbonate veining with elevated magnetite and hematite.

The drilling program was completed in a timely manner despite harsh winter conditions on-site. All core was NQ2 or NQ3 size and was oriented during drilling. The contractor was Arctic Drilling Company Ltd., a distinguished drilling-company based in Rovaniemi, Finland.

Table 1. Summary of Significant Drill Intercepts

Drill Hole Number Easting (metre) Northing (metre) Azimuth (º) Plunge (º) Depth (metre) From (metre) To (metre) Length (metre) Gold (g/t)
18MUS001 427793.5 7500263.0 340 -45 70.3 -- -- -- NSA*
18MJ002 427702.4 7500227.8 340 -45 82.1 30.60 34.70 4.10 1.87
including           34.35 34.70 0.35 11.63
and           62.70 63.50 0.80 3.96
18MJ007 427595.0 7500224.6 340 -45 101 -- -- -- NSA*
18MJ010 427727.8 7500161.6 340 -45 154.8 87.30 87.80 0.50 1.60
and**           124.00 129.00 5.00 18.09
including**           124.00 127.95 3.95 22.89
including           125.50 127.50 2.00 45.05
including           126.50 127.00 0.50 73.72
Drilling is believed to be perpendicular to the dip of the mineralization, however true widths are not yet known and will be confirmed with additional drilling and geological modeling following the program.
*No Significant Assays
** note that shoulder sections were mineralized but assay below the Company’s 1 g/t gold high grade cutoff.

Photos, maps, and additional details on the project are available from the Company’s website, www.firefoxgold.com.

Quality Assurance

The core was transported from the rig to the Company´s core storage facility in Sodankylä, where the geological and geotechnical logging was conducted, and assay intervals selected by FireFox´s exploration team.  Intervals were generally 1 m but in some circumstances were modified according to lithological boundaries and other factors.  FireFox geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including the insertion of standard and blank samples. The logged core was then transported to Labtium Laboratory Oy in Sodankylä, Finland, where it was cut in half, with one half stored and the other half crushed, pulverized and split with a riffle splitter.

The lab performed fire assay for gold on 25 g aliquots followed by ICP-OES determination (method 704P; detection limit 0.01ppm). In addition, the lab reports a large suite of elements from a subsample that is digested in hot aqua regia, and analyzed by ICP-OES and ICP-MS (method 515PM).  The multielement analyses are not completed at the time of this news release. Labtium Laboratory Oy is an independent facility accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Labtium also complies with the requirements of the Standards Council of Canada (CAN-P-1579) “Guidelines for Accreditation of Mineral Analysis Testing Laboratories”.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s field program and has helped prepare and approves the technical information in this news release.

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 and approves 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. The Company is focused entirely on gold exploration in Finland.  In addition to its 100% owned Mustajärvi Project, FireFox has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods. The Company also controls over 26,000 hectares of exploration reservations and exploration permits held directly by its Finnish subsidiary.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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: exploration results, changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the potential scale and orientation of the mineral system, future exploration programs and the timing thereof, including follow-up drill testing of exploration targets, operational plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.
It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

 

VANCOUVER, BC – (Jan 15, 2019) – FireFox Gold Corp. (TSX-V: FFOX) (“FireFox” or the “Company”) is pleased to announce the first exploration results from its highly prospective Seuru Gold Project (“Seuru”) within the Central Lapland Greenstone Belt, Finland.  FireFox’s 2018 field program at Seuru included a prospecting and surface sampling program at the Selkä Property, situated 10 km E-SE of the Kittilä Mine, Europe’s largest primary gold producer1.  Results of sampling in this area were integrated with historic exploration results from the Geological Survey of Finland (GTK) and Outokumpu Oy, resulting in the identification of two broadly SSE-NNW-trending gold-mineralized zones associated with hydrothermally altered graphitic tuffs (see Figure 1: https://bit.ly/2SUDo46):

  • The 1-km-long eastern zone, named Selkä-E, is characterized by sericite alteration and resistivity lows;
  • The western 1.4-km-long Selkä-W zone is characterized by sericite and carbonate alteration and co-incident geophysical anomalies; a magnetic high and a resistivity low.

“We are very excited about these preliminary results on the Selkä Property,” commented Carl Löfberg, CEO and Director of FireFox Gold. “The FireFox team is currently planning a ground magnetic survey, which is to be followed eventually by Induced Polarization (IP) surveys over both the Selkä-E and Selkä-W mineralized zones. Based on the results of these detailed geophysical surveys, the team will design the first phase of drill testing.”

FireFox has submitted an application for a 471.62-hectare exploration permit within the 2,267-hectare Selkä reservation area. The exploration permit will allow more intensive field work, such as drilling. 

Geology and Program Details 

The Selkä area is underlain by the same types of meta-volcanic and meta-sedimentary rocks that host Agnico Eagle’s Kittilä Mine, which contains approximately four million ounces in remaining gold reserves2. These rocks consist mainly of mafic to intermediate meta-volcanic rocks, graphite-sulfide-bearing cherts and tuffs. Gold mineralization occurs within quartz-sulfide-carbonate veins or within pervasively altered host rocks. Hydrothermal alteration related to gold transportation and deposition has resulted in intense sericitization, carbonation, and albitization of the supracrustal sequences. The Selkä area is characterized by numerous SSE-NNW and N-S trending bands of mafic volcanic and graphitic chert that are clearly visible in geophysical images. These, together with generally E-W and ENE-WSW striking faults, are believed to provide the major structural control on gold transportation and deposition in the area.

Exploration was initially drawn to the region as a result of an extensive – 20 km long – regional gold-in-till anomaly that extends from the Kittilä Mine to the Selkä area. Between 2002 and 2009, the GTK invested an estimated US $700,000 in several phases of exploration. That work included prospecting, geological mapping, Bottom-of-Till sampling, geophysical surveys, and reconnaissance diamond core drilling. The results generated numerous gold showings in the Selkä area.

Significant highlights from these historic results include:

  • Till samples with grades up to 0.47g/t Au at Selkä-E.
  • Short reconnaissance drill intersections: 1 metre averaging 2.42 g/t Au; 1 metre averaging 3.06 g/t Au; and 1 metre averaging 1.43 g/t Au at Selkä-E.
  • At Selkä-W, samples from a total of 1,133 metres of trenching yielded high gold grades. Continuous channel samples across goethite-carbonate-quartz or pure quartz-veins yielded 1 metre averaging 4.0 g/t Au; 1 metre averaging 6.16 g/t Au, and 3 metres averaging 28.2 g/t Au (or 6 m @ 14.3 g/t Au).
  • Individual chip samples from trenches returned values up to 6.75 g/t Au, 15.2 g/t Au, and 27.9 g/t Au from the same goethite-carbonate-quartz veins at Selkä-W.
  • These high-grade zones encountered in Selkä W were not drill tested.

Historic exploration results may not reflect FireFox’s actual exploration results. FireFox has not yet done sufficient work to verify the historical sampling discussed here. While the Company believes the data were generated professionally and consistently with good practice of the day, unverified historic results are not to be relied upon. These historic drill hole, trench, and rock sample results are cited to indicate the potential character of gold mineralization in this part of the CLGB. 

During summer 2018, the FireFox team commenced a sampling program on the Selkä mineral exploration reservations area and collected and analyzed 112 grab samples, 283 till samples (using a portable Cobra percussion drill), and 19 heavy mineral samples. Detrital gold grains recovered from the heavy mineral samples are frequently angular and mottled, implying short glacial transportation distances.

As part of this program, FireFox geologists collected grab samples of quartz-sericite-goethite altered material from float in the vicinity of the covered historic GTK trenches. The FireFox grab samples yielded up to 4 g/t Au.

Quality Assurance

The rock samples are typically 1 to 2 kg chip samples from the freshest rock that was achievable at each site. FireFox team members transported the samples to an ALS sample prep lab in Sodankylä. The samples were first crushed to -2 mm, split and pulverized, before being shipped to a facility in Ireland for gold, platinum, and palladium analysis by lead collection fire assay of 30 gm aliquots with ICP-AES finish. Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (ME-MS61 package). ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks into the analytical batches, which did not show deviations from recommended values.

In addition, historical gold assays and the available associated information on analytical methods and QA/QC protocols were retrieved from the public GTK database (http://en.gtk.fi/) and reviewed prior to incorporation into the Seuru/Selkä database. These data are believed to be of good quality and suitable for reconnaissance work. While not certain of the quality assurance and quality control measures in place by the GTK at the time, the Company is not aware of any other factors that could materially affect the accuracy or reliability of the data disclosed in this news release. 

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2018 field program at the Seuru Project including the Selkä area and has helped prepare and approve the technical information in this news release. 

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 and approve the technical information in this news release.

About the Seuru Gold Project

The Seuru Project consists of six separate mineral exploration reservations covering 50,664 hectares. The Selkä Exploration reservation (2,267 hectares) and Selkä Exploration Permit application (471.62 hectares), as well as Kulovaara Exploration reservation (547 hectares), were staked by FireFox and are not subject to any option payments or obligations to other parties. On the remaining Seuru properties (47,850 hectares), FireFox can earn a 100% interest in the Properties by making payments of up to CAD $200,000 in cash and the issuance of 1,500,000 shares of the Company to Magnus Minerals over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Magnus will retain a 1.5% NSR royalty on production from the Properties, 0.5% of which can be purchased for 1,000 troy ounces of gold on these properties.

Additional details on the project are available from the Company’s website, www.firefoxgold.com.

New Property Reservations

FireFox is also pleased to report that it has applied for an additional exploration reservation that includes two land packages totaling 22,231 hectares proximal to the Company’s Mustajärvi and Jeesiö gold projects in the Central Lapland Greenstone Belt. (See Figure 2: https://bit.ly/2AKCwrI)

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company is focused entirely on gold exploration in Finland.  In addition to its 100% owned Mustajärvi Project, FireFox has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods. The Company also controls over 26,000 hectares of exploration reservations and exploration permits held directly by its Finnish subsidiary.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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: exploration results, changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the potential scale and orientation of the mineral system, future exploration programs and the timing thereof including drill testing of exploration targets, operational plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, actual results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

[1],2 Retrieved from: https://www.agnicoeagle.com/English/operations-and-development-projects/operations/kittila/default.aspx January 8, 2019.

 

 

VANCOUVER, BC – (11 January, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has issued an additional 187,500 warrants of the Company (each, a “Warrant”) pursuant to the exercise of the previously announced over-allotment option granted under the agency agreement between the Company and PI Financial Corp., as sole bookrunner and lead agent, Canaccord Genuity Corp. and M Partners Inc. (collectively, the “Agents”) dated December 6, 2018. Gross proceeds raised by the Company in respect of the exercise of the Agents’ over-allotment option were $11,250, bringing the total gross proceeds from FireFox’s initial public offering to approximately $2,121,250. Each Warrant entitles the holder thereof to acquire, subject to adjustment in accordance with the warrant indenture governing the Warrants, one common share in the capital of the Company (each, a “Common Share”) at an exercise price of $0.60 at any time prior to 5:00 p.m. (Vancouver time) on December 21, 2020.

The Company intends to use the net proceeds from its initial public offering (i) to fund exploration and development activities on the Mustajärvi and Jeesiö properties, (ii) to complete Phase I of the work program recommended pursuant to the technical report entitled “2018 Technical (N.I. 43-101) Report on the Mustajärvi  Property” with an effective date of July 15th, 2018, an issue date of September 3, 2018 and an amended and restated date of November 23, 2018, (iii) to conduct the portions of the work program recommended pursuant to the technical report entitled “2018 Technical (N.I. 43-101) Report on the Jeesiö Property” with an effective date of April 10th, 2018, and (iv) for general and administrative purposes, option payments and working capital requirements.

On December 19, 2018, the TSX Venture Exchange (the “TSX-V”) issued a bulletin approving the listing of the Common Shares and Warrants as of market open on December 21, 2018 and immediately halting trading pending completion of closing. The Common Shares and Warrants resumed trading under the trading symbols FFOX and FFOX.WT, respectively, on December 27, 2018.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Common Shares and Warrants have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the Common Shares and Warrants may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of FireFox in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About FireFox Gold Corp.

FireFox is a TSX-V listed reporting issuer in each of the provinces of Canada, other than Québec, focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, that complement approximately 4,000 hectares of exploration reservations and exploration permits already held directly by the Company. In order to complete the combined options, the Company must invest $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to $450,000 over the course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward-Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this news release include statements regarding the use of proceeds by the Company. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this news release represent the expectations of FireFox as of the date of this news release 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. It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (Jan 3, 2019) – FireFox Gold Corp. (TSX-V: FFOX) (“FireFox” or the “Company”) is pleased to report new results from its 2018 field program at its 100%-owned Mustajärvi Gold Project (“Mustajärvi” or the “Project”) in the Central Lapland Greenstone Belt, Finland. Sampling along two intersecting mineralized structures has identified high-grade gold. This expands the range of possible drill targets as well as the overall size potential of the gold system.  

FireFox geologists collected a total of 108 samples at Mustajärvi during the 2017 and 2018 field seasons. This included 66 grab samples from glacial erratic boulders and rocks excavated from a small historic pit on the property, and 42 chip channel samples collected along, and perpendicular to, exposed veins and structures. Gold values in the grab samples ranged from <0.005 to 79.8 grams per tonne (g/t), with 16 samples grading above 1 g/t Au, including 10 samples grading above 10 g/t Au.  Chip channel sampling along one portion of the 0.2 to 1.0m wide vein system yielded consistent mineralization along strike for at least 45 metres, averaging 21.6 g/t Au and ranging from 0.66 to 140.5 g/t Au.

The channel sampling also identified high grade gold along a northwest striking cross structure, expanding the range of possible drill targets and size potential of the Mustajärvi gold system.

Carl Lofbërg, FireFox’s CEO, commented on the new results, “Our work at Mustajärvi has moved swiftly, thanks in part to the excellent access and shallow overburden, but the team has done an incredible job to advance the historical prospect to be FireFox’s first drill target. In addition to the several historic drill intercepts containing more than 12 g/t Au reported in our technical report, we now have strong gold mineralization at surface of up to 140.5 g/t Au along two intersecting structures. We look forward to learning more from our first round of core drilling, which has already commenced.”     

The average depth of glacial cover at the Project is relatively thin, averaging less than 3 metres based on the 2018 Base-of-Till sampling program (see Company news release dated July 12, 2018). Overburden is much thinner in some areas. The bedrock geology and some gold-bearing veins at Mustajärvi have been exposed in a pit resulting from historic small-scale artisanal mining. The field crew further exposed the quartz-tourmaline-pyrite veins by removing the overburden along strike for approximately 50 metres so that the structures could be mapped and sampled in detail. Geologists used percussion drills to collect chip samples in fresh outcrop, whereas they employed shovels, hammers, and chisels to collect samples in the weathered rock and gossanous material (iron oxides likely resulting from the oxidation of sulfide minerals).

The primary structure (Trend 1) hosts one or more narrow veins (pinching and swelling between 0.2 and 1.0 metres wide) that strike northeast. Geologists sampled the structure along 45 metres of strike, at regular sample intervals of 1.0 to 4.0 metres. In the 33 samples taken from Trend 1, gold values range from <0.005 to 140.5 g/t Au with an average grade of 10.84 g/t Au. This grouping includes lower grade samples taken from the wallrock on either side of the vein. Several samples along the vein returned assays of more than 10 g/t Au.  Most of the samples were oxidized, which could result in increased gold concentrations. However, the grades are consistent with those observed in historical drilling at the property by Outokumpu (see FireFox’s “2018 Technical (N.I. 43-101) Report on the Mustajärvi Property” filed on SEDAR or on the Company’s website).

Another structure (Trend 2) appears to intersect the primary gold-hosting vein in the western portion of the small pit. This structure strikes northwest and also appears to host a vein, but the rock is so deeply altered and weathered that it is impossible to determine the fresh lithology and mineralogy. The 9 samples collected along this structure were dominantly gossan, and gold values range from 0.05 to 7.91 g/t Au. The average grade was 2.05 g/t Au. The presence of such high gold grades in this crosscutting vein is a good indication that mineralized veins run in multiple directions, which could significantly increase the dimensions and volumes of the mineralization. The historical drilling at Mustajärvi did not test this northwest striking system.

In addition to a suite of pathfinder elements that is often associated with orogenic gold systems, the Mustajärvi mineralization includes elevated values of cobalt, ranging from 28.1 to 2,670 ppm in mineralized samples. Several historical mines in Lapland reported highly anomalous cobalt values associated with gold-copper mineralization[1].

FireFox geologists collected significant information from the 2017 and 2018 field seasons that can be used to guide drill testing of historic and new drill targets. The structural measurements taken in the pit and these new excavations help to clarify the controls on the known gold mineralization, and the geophysical surveys (See Company news release dated Sept 25, 2018) identified possibly important structural intersections and deeper sulfide targets. 

The Mustajärvi Project is fully permitted, and the first round of diamond core drilling has already commenced. The Company expects to report its first drill results during Q1 of 2019.

Additional details on the project are available from the Company’s website, www.firefoxgold.com.

Quality Assurance

The rock samples are typically 1 to 2 kg chip samples from the freshest rock that was achievable at each site. FireFox team members transported the samples to an ALS sample prep lab in Sodankylä. The samples were first crushed to -2 mm, split and pulverized, before being shipped to a facility in Ireland for gold, platinum, and palladium analysis by lead collection fire assay of 30 gm aliquots with ICP-AES finish. Other elements, altogether 48, were measured after four-acid digestion by ICP-AES and ICP-MS (ME-MS61 package). ALS Laboratories is a leading international provider of assay and analytical data to the mining industry. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox QA/QC program consists of insertion of certificated standard material and blanks into the analytical batches, which did not show deviations from recommended values.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2018 field program at the Mustajärvi Project and has helped prepare and approve the technical information in this news release. 

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 and approve 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. The Company is focused entirely on gold exploration in Finland.  In addition to its 100% owned Mustajärvi Project, FireFox has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods. The Company also controls approximately 4,000 hectares of exploration reservations and exploration permits held directly by its Finnish subsidiary.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the potential scale and orientation of the mineral system, future exploration programs and the timing thereof including drill testing of targets on the Project, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

1Data retrieved from Geological Survey of Finland database: http://gtkdata.gtk.fi/mdae/index.html

 

 

VANCOUVER, BC – (27 DECEMBER, 2018) – Following its successful Initial Public Offering, FireFox Gold Corp. (TSX-V: FFOX) (“FireFox” or the “Company”) is pleased to report new gold targets from its recently compiled geochemical database for its Jeesiö Gold Project in the Central Lapland Greenstone Belt (CLGB) of Northern Finland. Five new targets have emerged from new interpretations of geochemistry and geology, two of which are closely associated with the Sirkka and Venejoki Thrust Zones (STZ and VTZ). These major structures are known to host several of the gold deposits in the CLGB1.

The new database for the Jeesiö Project now includes 2,751 samples with gold analyses, many being accompanied by a full suite of pathfinder elements. The database includes 838 new till samples from the Company´s now-completed Bottom-of-Till (BOT) sampling programs, and 786 gold and multielement analyses of historical Geological Survey of Finland (GTK) samples that were not previously analyzed for gold. Furthermore, the database includes 1,127 previously unpublished gold analyses purchased from the GTK.

“Our initial sampling and data compilation programs at Jeesiö have been very successful outlining numerous new targets for follow-up exploration,” commented Carl Löfberg, Chief Executive Officer of FireFox. “The new prospects are called: Utsamo, Utsamovaara, Homelampi, Jeesiö West, and Kokko. We have already conducted follow-up BOT sampling at the Utsamo and Homelampi targets, extending the previously identified gold-in-till anomalies. This new data improves our understanding of the major controlling structures in the CLGB and is helping us focus on drill targets for the near future.”

A map of the new targets can be found here: https://bit.ly/2O29Za0.

FireFox is also pleased to report that it has commenced a diamond drill program at its Mustajärvi gold project, located approximately 10 kilometres northwest of the central Jeesiö property.   Additional details on the drill program will be reported in the first quarter of 2019.

Geology and Program Details

The Jeesiö Project is located near the southern margin of the CLGB. The northern portion occupies a poorly exposed package of highly deformed Paleoproterozoic-aged mafic volcanic and sedimentary rocks. These rocks underwent three ductile compressional events during the period 1.79-1.92 billion years ago, followed by one or more stages of brittle deformation. The earliest two phases of ductile compression produced thrust faults, the most important of which are the STZ (north) and VTZ (south), both of which have been traced for more than 100 kilometres2.

The southern portion of the Jeesiö Project overlies Archean-aged volcano-sedimentary complexes, which are also covered by a few metres of till. Outcrop is very scarce and till sampling is therefore a very effective method of geochemical exploration in the region. The gold content of till samples in the Jeesiö Project area is relatively high; 385 samples in the Project database exceed regional background of 10 ppb Au in till.

Homelampi is an historical target that has seen only limited exploration. It is located along the VTZ and gold anomalies in the historic GTK databases suggest there is significant gold dispersed in the local till. The mineralization encountered at Homelampi is associated with chromium-rich fuchsite quartzites. The mineral fuchsite is often associated with orogenic gold mineralization3. Homelampi underwent limited drill-testing in the early 1990´s by four short diamond drill holes, only one of which is preserved. According to the drill logs, low-grade gold was observed in all four drill holes associated with fuchsite, with the best intersection returning 0.3 ppm Au over 2.07 metres.

Historic exploration results may not reflect actual exploration results. FireFox has not done sufficient work to verify the historical sampling discussed here. While the Company believes the data were generated professionally and consistently with good practice of the day, unverified historic results are not to be relied upon. These historic drill hole results are cited to indicate the character of gold mineralization in this part of the CLGB. During actual mining, there may be internal waste and dilution that is not reflected here.

After completion of the Company´s recent BOT sampling program, the anomalous gold zone at Homelampi now measures approximately 1,300 by 400 metres (defined by gold grades in excess of 100 ppb Au in till), highlighted by till samples containing 601 and 1,070 ppb Au.

The STZ is interpreted to be offset by secondary structures that cross the Company´s Jeesiö NE tenement area. Along these structures, the Company has identified new zones of highly anomalous gold-in-till values, designated the Utsamo and Utsamovaara targets. Anomalous till samples in the area range from 21 to 454 ppb Au and are coincident with a 2.8-kilometre-long trend that follows the contact between mafic intrusive rocks and metasediments.

The Company continues its exploration activities at the Jeesiö Project, including additional till sampling, trenching, and geophysical surveys with the goal of identifying integrated drill targets by later this year.

Additional details on the project are available from the Company’s website, here

Quality Assurance

The BOT sampling was conducted using a track-mounted percussion drill rig or a man-portable Cobra drill. The drill rig was operated by Moreenityö Mäcklin Oy, an independent contractor with 30 years of experience in soil and bedrock sampling in glaciated terrains. The Firefox QA/QC program consisted of insertion of certificated standard material and blanks into the analytical batches, which did not show deviations from recommended values.

ALS Laboratories, a leading international provider of assay and analytical data to the mining industry, provided the assay and geochemical data presented in this news release. The FireFox samples were first prepared in Finland and then then sent to Ireland for analysis. The samples were first screened to -180 µm and dried at 60 °C and then analyzed by the AuME-TL43 method, utilizing an aqua regia digestion with an ICP-MS finish. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures.  

The historical GTK samples were assayed at the Labtium Laboratory, Finland, which is accredited to the SFS-EN ISO/IEC 17025:2005 standard. The quality system of Labtium also complies with the requirements of Standards Council of Canada (CAN-P-1579) “Guidelines for Accreditation of Mineral Analysis Testing Laboratories”. (Both ALS Laboratories and the Labtium Laboratory are independent of Firefox.)

Carefully mixed and split five-gram subsamples of original samples from the archives of GTK were digested in hot aqua regia, and analysed by ICP-OES and ICP-MS techniques for a large suite of elements, excluding gold (method 515PM). Gold was subsequently analysed by an aqua regia digestion and GFAAS finish in order to achieve a detection limit of 0.5 ppb after separation and co-precipitation (method 515U).

In addition, historical gold assays derived from the GTK data that were included into the Jeesiö database are believed to be of good quality, and thus suitable for reconnaissance work. However, details of the analytical methods applied and QA/QC protocols in place at the time remain poorly documented. The Company is not aware of any other factors that could materially affect the accuracy or reliability of the data disclosed in this news release. 

Qualified Persons

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2018 field program at the Jeesiö Project and has helped prepare and approve the technical information in this news release. 

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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is an exploration-stage mining company listed on the TSX Venture Exchange  and focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, in addition, to approximately 4,000 hectares of exploration reservations and exploration permits held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,
“Carl Löfberg”
Chief Executive Officer

 

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding drill testing of high-priority targets and identified till anomalies at Jeesiö in the near future. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

1,2,3 Awmack, H., 2018 Technical (N.I. 43-101) Report on the Jeesiö Property. (September 17, 2018) Retrieved from: http://SEDAR.com.  

 

VANCOUVER, BC – (21 December, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has successfully completed its previously announced initial public offering (the “Offering”) of an aggregate of 5,275,000 units of the Company (the “Units”) at a price of $0.40 per Unit (the “Offering Price”). Each Unit consists of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant entitles the holder thereof to acquire, subject to adjustment in accordance with the warrant indenture governing the Warrants, one Common Share at an exercise price of $0.60 at any time prior to 5:00 p.m. (Vancouver time) on December 21, 2020, being the date that is 24 months following their date of issue.

The Offering was made pursuant to the terms of an agency agreement (the “Agency Agreement”) between the Company and PI Financial Corp., as sole bookrunner and lead agent, Canaccord Genuity Corp. and M Partners Inc. (collectively, the “Agents”).

FireFox has granted to the Agents an over-allotment option, exercisable in whole or in part, at the sole direction of the Agents, at any time and from time to time, for a period of 30 days following the date of closing of the Offering, to offer additional Units, for sale in an amount up to 15% of the Offering, at the Offering Price, to cover over-allotments, if any, and for market stabilization purposes.

The Company intends to use the net proceeds from the Offering (i) to fund exploration and development activities on the Mustajärvi and Jeesiö properties, (ii) to complete Phase I of the work program recommended pursuant to the technical report entitled “2018 Technical (N.I. 43-101) Report on the Mustajärvi  Property” with an effective date of July 15th, 2018, an issue date of September 3, 2018 and an amended and restated date of November 23, 2018, (iii) to conduct the portions of the work program recommended pursuant to the technical report entitled “2018 Technical (N.I. 43-101) Report on the Jeesiö Property” with an effective date of April 10th, 2018, and (iv) for general and administrative purposes, option payments and working capital requirements.

The TSX Venture Exchange (the “TSX-V”) has approved the listing of the Common Shares and Warrants comprising the Units, as well as the Company’s existing issued and outstanding Common Shares.

The Common Shares are currently halted and will resume trading on the TSX-V at market open on December 27, 2018 under the symbol FFOX. The Warrants will resume trading on the TSX-V at that same time under the symbol FFOX.WT.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Units and the underlying securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the Units and the underlying securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of FireFox in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in each of the provinces of Canada, other than Québec, focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, that complement approximately 4,000 hectares of exploration reservations and exploration permits already held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

Forward-Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this news release include statements regarding the use of proceeds by the Company and the Common Shares and Warrants being listed on the TSX-V. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this news release represent the expectations of FireFox as of the date of this news release 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. It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

VANCOUVER, BC – (7 December, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has filed, and received a receipt for, a final long form prospectus dated December 6, 2018 (the “Final Prospectus”) with the securities regulatory authorities in each of the provinces of Canada, other than Québec, relating to its previously announced public offering (the “Offering”) of units of the Company (the “Units”).

The Offering is for a minimum of 5,000,000 Units and up to a maximum of 12,500,000 Units at a price of $0.40 per Unit (the “Offering Price”). Each Unit consists of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to acquire, subject to adjustment in accordance with the warrant indenture governing the Warrants, one Common Share of the Company at an exercise price of $0.60 at any time prior to 5:00 p.m. (Vancouver time) on the date that is 24 months following their date of issue.

The Offering is made pursuant to the terms of an agency agreement (the “Agency Agreement”) between the Company and PI Financial Corp., as sole bookrunner and lead agent, Canaccord Genuity Corp. and M Partners Inc. (collectively, the “Agents”). The Company has granted the Agents an over-allotment option exercisable at the sole discretion of the Agents, on or before the 30th day following the closing date of the Offering, to purchase up to an additional 15% of the aggregate number of Common Shares and/or Warrants, or any combination thereof, purchased under the Offering to cover over-allotments, if any, and for market stabilization purposes.

The Company intends to use the net proceeds from the Offering (i) to fund exploration and development activities on the Mustajärvi and Jeesiö properties, (ii) to complete Phase I of the work program recommended pursuant to the technical report entitled “2018 Technical (N.I. 43-101) Report on the Mustajärvi  Property” with an effective date of July 15th, 2018, an issue date of September 3, 2018 and an amended and restated date of November 23, 2018, (iii) to conduct the portions of the work program recommended pursuant to the technical report entitled “2018 Technical (N.I. 43-101) Report on the Jeesiö Property” with an effective date of April 10th, 2018, and (iv) for general and administrative purposes, option payments and working capital requirements.

The Final Prospectus has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces of Canada, other than Québec, containing important information relating to the Units. A copy of the Final Prospectus may be obtained under the Company’s profile on SEDAR at www.sedar.com.

Closing of the offering is subject to satisfying customary terms and conditions contained in the Agency Agreement and the receipt of all necessary approvals, including the approvals of the TSX Venture Exchange (the “TSX-V”) and applicable securities regulatory authorities.

The TSX-V has conditionally approved the listing of the Common Shares and Warrants comprising the Units, as well as the Company’s existing issued and outstanding Common Shares.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Units and the underlying securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the Units and the underlying securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of FireFox in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia, Alberta and Ontario, focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, that complement approximately 4,000 hectares of exploration reservations and exploration permits already held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward-Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this news release include statements regarding the size and terms of the Offering, including anticipated proceeds and use of such proceeds by the Company; that the Offering will close; and the Common Shares and Warrants being listed on the TSX-V. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this news release represent the expectations of FireFox as of the date of this news release 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. It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

VANCOUVER, BC – (12 October, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Québec, for a proposed initial public offering (the “Offering”) of units of the Company (the “Units”).

The Offering is expected to be for a minimum of 6,000,000 Units and up to a maximum of 10,000,000 Units at a price of $0.50 per Unit (the “Offering Price”). Each Unit consists of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to acquire, subject to adjustment in accordance with the warrant indenture governing the Warrants, one Common Share of the Company at an exercise price of $0.75 at any time prior to 5:00 p.m. (Vancouver time) on the date that is 24 months following the closing of the Offering.

The Offering will be managed by a syndicate of agents, including PI Financial Corp., as sole bookrunner and lead agent, Canaccord Genuity Corp. and M Partners Inc. (the “Agents”). Red Cloud Klondike Strike Inc., an exempt market dealer, will be appointed as a selling group member by the lead agent and its role will be limited to reflecting inbound inquiries from potential investors to the lead agent.

The Company intends to use the net proceeds from the Offering (i) to fund exploration and development activities on the Mustajärvi and Jeesiö properties, (ii) to conduct the portions of the work programs recommended pursuant to the technical reports entitled “2018 Technical (N.I. 43-101) Report on the Mustajärvi Property” with an effective date of July 15th, 2018 and “2018 Technical (N.I. 43-101) Report on the Jeesiö Property” with an effective date of April 10th, 2018, and (iii) for general corporate purposes and working capital requirements.

The Company has granted the Agents an over-allotment option exercisable at the sole discretion of the Agents, on or before the 30th day following the closing date of the Offering, to purchase up to an additional 15% of the aggregate number of Common Shares and/or Warrants, or any combination thereof, purchased under the Offering to cover over-allotments, if any, and for market stabilization purposes.

A preliminary prospectus has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces of Canada, other than Québec, containing important information relating to the Units. The preliminary prospectus remains subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the Units until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada. The preliminary prospectus may be obtained under the Company’s profile on SEDAR at www.sedar.com.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Units and the underlying securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the Units and the underlying securities may not be offered or sold within the United States unless registered

under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of FireFox in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia, Alberta and Ontario, focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, that complement approximately 4,000 hectares of exploration reservations and exploration permits already held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward-Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this news release include statements regarding terms of the Offering, including anticipated proceeds and use of such proceeds by the Company. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this news release represent the expectations of FireFox as of the date of this news release 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. It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (25 September, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report results from a recently completed Induced Polarization (IP) survey at its 100%-owned Mustajärvi Gold Property located in the Central Lapland Greenstone Belt, Finland (CLGB). The 5.85 line-kilometre survey identified four high-chargeability targets along a previously defined fault structure that also hosts historic gold mineralization identified by sampling and drilling by the Geological Survey of Finland and Outokumpu Oyj (See Company news releases dated 20 Dec, 2017 and 12 Jul, 2018).

The IP survey delineated chargeability anomalies (Chargeability +20Mv/V) that are coincident with shallow historical gold mineralization as well as a prominent magnetic low that has been designated the Mustajärvi Fault Zone. The IP anomalies extend to a depth of at least 200 metres. This is significantly deeper than historical core drilling (~40 metres vertical depth) that targeted the Central Zone. The most significant chargeability anomalies are located southwest and northeast from the historical drilling along the strike of the Mustajärvi Fault Zone.

“This was a very successful geophysical survey,” commented Carl Löfberg, Chief Executive Officer of FireFox Gold. “By integrating these data with the results of our recent Bottom of Till sample program and ground magnetic survey, we have outlined several high-priority targets at Mustajärvi that will be drill tested in the near future.”

Discussion of IP Anomalies (Refer to map below for locations):

  • SW Zone Anomaly: This target is spatially associated with a bend in the Mustajärvi Fault Zone and is characterized by high chargeability, low resistivity, and high magnetism. The chargeability of this feature is consistent with that of other sulfide systems in Finland on which the FireFox team has worked. The SW Zone Anomaly can be detected down to 220 metres and dips towards the SE. This is the same dip direction as that of the known gold mineralization identified at the Central Zone. The axis of the SW Zone plunges to the SW and is open down plunge.
  • Central Anomaly: Very shallow historical core drilling traced the Mustajärvi mineralization to only 40 metres vertical depth. The Central Anomaly appears to be the continuation to depth of the known mineralization. The IP survey suggests that the chargeability anomaly associated with historical mineralization has roots at significant depth (up to 200 metres).  
  • West Deep Anomaly: This is a chargeability anomaly that was detected clearly on one survey line with some weaker responses on two adjacent lines. It is a high chargeability response associated with low resistivity and low magnetics. This anomaly also appears to be dipping southeast.
  • NE-Zone Anomaly: In the NE-Zone a high chargeability response was detected on two survey lines. These are also located in lower resistivity areas. The anomaly remains open towards the northeast.

This IP Survey detected chargeabilities that are consistent with the presence of sulphide minerals such as pyrite or pyrrhotite. For instance, anomalies that are associated with a chargeability high, resistivity low and magnetic high, could be caused by magnetic pyrrhotite.

In the near future, FireFox plans to test the identified IP anomalies by diamond core drilling to determine if the Mustajärvi-type mineralization extends along strike and to greater depths than currently known.

Additional details on the project are available in the technical report filed under the Company’s profile on SEDAR and on the Company’s website, here

FireFox Expands the Mustajärvi Property

FireFox also reports that it has applied for, and been granted, an additional 1,372 hectares of exploration reservations adjoining the existing Mustajärvi exploration permit.

Quality Assurance

The 2D Induced Polarization survey in the Mustajärvi project area was conducted by GRM-services Oy Ltd. (GRM), a well-known independent exploration geophysics company based in Vantaa, Finland. GRM planned the work in conjunction with Petri Peltonen, Exploration Manager of Firefox Gold. The survey utilized a dipole-dipole survey configuration, with a = 50m and n-values varying between 0.5 and 15.5. Electrode locations were positioned with a standard Garmin GPS. The IP transmitter was operated in time-domain with a 50% duty cycle at 0.125 Hz (2 seconds on/2 seconds off). The survey crew collected a minimum of three repeat readings at each station.

IP data processing and quality control were performed with Geosoft Oasis Montaj© software. The geophysicists generated pseudosections of the data by gridding the derived chargeability (M) and apparent resistivity against pseudodepth locations. The interpretation included 2D-section models of the data, produced through 2D-inversion methodology with UBC DCIP2D software.

The Company is not aware of any factors that could materially affect the accuracy or reliability of the data disclosed in this news release. 

Qualified Persons

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2018 field program at the Mustajärvi Project and has helped prepare and approve the technical information in this news release. 

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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, in addition, to approximately 4,000 hectares of exploration reservations and exploration permits held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

 

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding drill testing of high-priority targets and identified IP anomalies at Mustajärvi in the near future. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

map

 

 

VANCOUVER, BC – (September 21, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has filed two technical reports following the Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects. The technical reports are for the Company’s Mustajärvi and Jeesiö gold exploration projects, both located in the Central Lapland Greenstone Belt of northern Finland. 

The Mustajärvi report is titled “2018 Technical (N.I. 43-101) Report on the Mustajärvi Property” dated September 3, 2018 with an effective date of July 15, 2018. The Jeesiö report is titled “2018 Technical (N.I. 43-101) Report on the Jeesiö Property” dated August 30, 2018 with an effective date of April 10, 2018. Both technical reports are available under the Company’s profile on SEDAR at www.sedar.com (dated September 17, 2018) and on FireFox’s website at www.firefoxgold.com.

Qualified Persons

The Report is authored by Henry J. Awmack, P.Eng., a QP independent to the Company. In 1987 Mr. Awmack co-founded Equity Exploration Ltd, now Equity Exploration Consultants Ltd., a leading mineral exploration consulting group in Vancouver, Canada.   Mr. Awmack has worked on a variety of projects globally covering a multitude of commodities.   Mr. Awmack is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia and a Fellow of the Society of Economic Geologists.

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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to an NSR royalty) that currently encompass approximately 104,000 hectares, in addition, to approximately 4,000 hectares of exploration reservations and ore prospecting permits held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

 

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

Forward-Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof, the viability of exploration targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

 

MAGNUS MINERALS LTD. CLOSES PROPERTY OPTION AGREEMENT

FOR IMMEDIATE RELEASE

VANCOUVER, BRITISH COLUMBIA – September 13, 2018 – Magnus Minerals Ltd. (the “Company”) and FireFox Gold Corp. (“FireFox”) are pleased to announce that, pursuant to a property option agreement entered into between the Company and Firefox on August 21, 2018, (the “Agreement”), the Company has acquired direct or beneficial ownership of 1,500,000 (4.55%) common shares (“Common Shares”) in the capital of FireFox.

Prior to the share payment due under the Agreement, the Company held and controlled 6,000,000 common shares in the Capital of FireFox representing 26.59% of the 22,562,498 issued and outstanding common shares.

Under the Agreement, FireFox acquired a 100% interest in approximately 46,039 hectares of mineral exploration reservations in the Central Lapland Greenstone Belt of Northern Finland (the “Properties”). The Agreement gives FireFox the ability to earn a 100% interest in the Properties by making payments of up to CAD $200,000 in cash and the issuance of 1,500,000 shares of FireFox to the Company over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. The Company will retain a 1.5% NSR royalty on production from the Properties, 0.5% of which can be purchased for 1,000 troy ounces of gold. A payment of CAD $25,000 was made by FireFox upon execution.

As a result of the share payment pursuant to the Agreement, the Company currently holds 7,500,000 common shares in the Capital of FireFox representing 31.17% of the 24,062,498 issued and outstanding Common Shares. The Company did not acquire and did not previously own any dilutive securities of Firefox such as warrants or options and therefore its non-diluted and fully-diluted securityholdings in FireFox is identical.

The Company has acquired the above-noted Common Shares through the Agreement. The Company may in the future take such actions in respect of its holdings in FireFox as they may deem appropriate in light of the circumstances then existing, including the purchase of additional securities of FireFox through open market purchases or privately negotiated transactions or the sale of all or a portion of the Company’s holdings in the open market or in privately negotiated transactions to one or more purchasers, subject in each case to applicable securities law.

The Company expects FireFox to be involved with the exploration and evaluation of mineral properties and the eventual graduation to commercial production.

This Press Release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities commissions or similar regulatory authorities in Canada, which report will contain additional information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will be filed on SEDAR under FireFox’s company profile at www.sedar.com.

For further information please contact:

Magnus Minerals Ltd.

Henrik Löfberg

PL 3

FIN-33211

Tampere, Finland

+358 3 7411 8877

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the appointment of certain persons as directors and officers of the Company and associated matters. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, that the directors and officers may not perform their roles as currently expected. The statements in this press release are made as of the date of this release.

 

 

VANCOUVER, BC – (August 30, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has executed a definitive option agreement (the “Agreement”) with Magnus Minerals Ltd. (“Magnus”) to acquire a 100% interest in approximately 46,039 hectares of mineral exploration reservations in the Central Lapland Greenstone Belt (the “CLGB”) of Northern Finland. The new properties are comprised of four separate reservations, collectively referred to as the Seuru Properties (or the “Properties”). Combined with its other holdings of exploration reservations and ore prospecting permits, this acquisition brings FireFox’s total gold exploration portfolio to more than 108,000 hectares or 1,080 square kilometers.       

As first announced on April 19th, 2018, the Agreement gives FireFox the ability to earn a 100% interest in the Properties by making payments of up to CAD $200,000 in cash and the issuance of 1,500,000 shares of the Company to Magnus over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Magnus will retain a 1.5% NSR royalty on production from the Properties, 0.5% of which can be purchased for 1,000 troy ounces of gold.  A payment of CAD $25,000 was made upon execution.

Patrick Highsmith, Chairman of FireFox, commented: “FireFox is now one of the largest tenement holders in the Central Lapland Greenstone Belt. The Seuru Properties comprise a significant portion of the highly prospective Kittilä Group rocks, and part of the land package adjoins the east side Agnico Eagle’s Kittilä Mine property, host to Finland’s only world class gold deposit. FireFox has commenced our first exploration campaign on the Properties. Our reconnaissance geology team has already generated targets in the area, and we have moved promptly to acquire additional exploration reservations to fill in around the Seuru Properties.”

The Properties are generally underlain by the mafic volcanic rocks of the Kittilä Group. The Properties have seen approximately CAD $3 million of historic investment. The historic geophysical surveys, till geochemistry, and drilling results in the Geological Survey of Finland (GTK) database indicate a number of target areas where structural intersections coincide with gold and trace element geochemical anomalies. The prominent structural controls on mineralization in this area, including those at the Kittilä Mine, tend to be oriented NNE and NNW.

Corporate Update 

The Company also reports that it has elected to reduce its interest in the Riikonkoski Project by allowing its larger mineral exploration reservations to lapse and by making no applications for exploration permits. The Company evaluated the copper and gold mineralization at Riikonkoski in three dimensions and concluded that the potential of the property falls short of the Company’s priority projects elsewhere in Lapland. 

Qualified Persons

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2018 field program at the Jeesiö Project and has helped prepare and approve the technical information in this news release. 

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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has options to acquire 100% interests in several projects (subject to a NSR royalty) that currently encompass approximately 104,000 hectares, in addition, to approximately 4,000 hectares of exploration reservations and ore prospecting permits held directly by the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the course of the two separate three year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward-Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof, the viability of exploration targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC – (July 12, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that it has completed an extensive Bottom-of-Till (BOT) sampling program and received all analyses, at its 100%-owned Mustajärvi gold exploration project in Lapland, Finland (“Mustajärvi”). The results of the survey highlight an area of anomalous gold and other trace elements associated with interpreted faults and magnetic anomalies that stretches for approximately two kilometres. The Company’s preliminary interpretation of these data indicates that the area of interest for additional exploration extends well beyond the zone of historic drilling.

“Our team worked through the winter and completed the BOT sampling program on budget and with no major difficulties,” commented FireFox CEO Carl Löfberg. “As with many orogenic gold deposits, the mineralization at Mustajärvi is structurally controlled. Based on these data, the system may be more extensive than the historical drilling indicated. Having also recently completed an Induced Polarization (IP) survey on the project, we continue to advance our exploration towards identifying a substantial deposit in the area.”

Project Geology and Program Details

The Mustajärvi gold occurrence lies near the southern margin of the Paleoproterozoic Central Lapland Greenstone Belt (CLGB), in close proximity to the shallow south dipping transcrustal Venejoki thrust system. The gold mineralization in the Mustajärvi area is similar to that of many orogenic gold deposits hosted by volcanic rocks, where the gold is associated with pyrite-bearing quartz and quartz-tourmaline veins within albitized mafic volcanics and volcaniclastic rocks. The known auriferous quartz-tourmaline-pyrite veins at Mustajärvi are hosted at or near the contact between metavolcanic and metasedimentary rocks. Coarse supergene gold in rock samples from the near-surface environment is associated with concentrations of as much as 440 ppm tellurium, as well as elevated levels of bismuth, selenium, and cobalt. Other common pathfinder elements such as silver and arsenic also correlate with gold.

This sampling program was designed: 1) to duplicate limited historical sampling lines by the Geological Survey of Finland (GTK) across the known mineralization; 2) to expand the sampling further east and west along the interpreted strike of the mineralization; 3) to infill historical sampling in the NE part of the license area where high-grade gold-in-till anomalies had been encountered; and 4) to systematically sample an area in the southern part of the license, where the GTK reported abundant native gold grains in historic till samples.

Altogether, 598 BOT samples were collected and analyzed from the Mustajärvi prospecting permit area. This sampling campaign traversed a total of approximately 6 line kilometres oriented approximately north-south, perpendicular to the strike of known mineralization. Sample spacing along lines was 10 metres in areas close to known mineralization and 20 metres in new areas of interest.

Given the low background content of gold in the local Lapland glacial till, Company geologists believe that gold contents in these samples of more than approximately 40 ppb (0.040 ppm) are potentially significant and worthy of follow-up exploration. Samples containing more than 100 ppb (0.100 ppm) appear to be highly anomalous in this area. The highly anomalous samples occur along a corridor stretching for approximately two kilometres, apparently associated with interpreted faults and magnetic anomalies. These anomalies occur over an area that may be much larger than previously believed based on drilled historic mineralization (See Figure 1, below). The multi-element anomalies complement the gold data and identified several new targets for follow-up away from the known gold-hosting structures. The occurrence of widespread narrow gold and trace element anomalies is consistent with an extensive quartz-vein system associated with faulting in intensively altered greenstones and metasediments. 

The most significant gold anomalies extend westward from the historic drill-indicated mineralization, including the maximum gold value identified in the survey of 2,540 ppb (2.54 ppm). Other important new anomalies appear to follow the margins of magnetic highs and track magnetic linears outlined by the Company´s ground magnetic survey over Mustajärvi. The primary linear magnetic feature is interpreted to be a second–order fault zone, perhaps related to the first-order transcrustal Venejoki fault system (See Figure 2, below). The presence of high gold in till that closely follows this interpreted second-order fault zone to the northeast suggests that the previously known mineralization may be only a small part of a more extensive fault-related gold system. Late northeast striking faults have been interpreted as an important control for some of the orogenic gold deposits in the CLGB.

It should be noted that these are early stage exploration results, similar to soil geochemistry. The potential quantity and grade of gold mineralization related to these anomalies is conceptual in nature.  There has been insufficient exploration on the Mustajärvi property to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Mustajärvi Project is fully permitted for follow-up trenching and diamond core drilling. The Company continues to evaluate data from its 2018 exploration program in anticipation of drilling later in the year.

Additional details on the project are available from the Company’s website, www.firefoxgold.com

Quality Assurance

The base of till sampling was conducted with a percussion drill rig by an experienced contractor Moreenityö Mäcklin Oy, based in Finland.  Moreenityö Mäcklin Oy has 30 years of experience in soil and bedrock sampling in glaciated terrains. The average depth of the drill holes into the glacial overburden was 3.3 metres. The diameter of the drill bit was 35 millimetres, and the diameter of the sampling tube on the drill was 28 millimetres resulting in an average sample size sent to the laboratory of approximately 240 grams.

ALS Laboratories, a leading international provider of assay and analytical data to the mining industry, provided the assay and geochemical data presented in this news release. The samples were prepared in Finland and then then sent to Ireland for analysis. The samples were first dried at 60 °C before being screened to -180 µm and then analyzed by the AuME-TL43 method, which utilizes an aqua regia digestion followed by an ICP-MS finish. All ALS geochemical hub laboratories, including the Irish facility, are accredited to ISO/IEC 17025:2017 for specific analytical procedures. The Firefox Gold QA/QC program includes insertion of certificated standard material and blanks into the analytical batches, which did not show deviations from recommended values.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2018 field program at the Mustajärvi Project and has helped prepare and approve the technical information in this news release. 

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 reviewed and approved the technical information in this news release.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and Alberta and is focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd. (“Magnus”), a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017). Finally, the Company has executed a non-binding letter of intent with Magnus under which FireFox can acquire 100% interest (subject to a NSR royalty) in approximately 50,630 additional hectares of mineral exploration reservations in Lapland, Finland referred to as the Seuru Properties. Subject to the execution of a definitive option agreement, the Company has agreed to earn its interest in the Seuru Properties by making payments of CAD $200,000 in cash and 1,500,000 shares to Magnus over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Combined with its other holdings of exploration reservations and ore prospecting permits, the addition of the Seuru Properties will bring FireFox’s total gold exploration portfolio to more than 117,000 hectares or 1,170 square kilometers, all located in Finland.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer
CONTACT:
FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors, some of which are outside the control of the Company, 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, costs and supply of materials relevant to the mining industry, change in government, changes to regulations affecting the mining industry, whether the Company’s exploration and development activities respecting its prospects will be successful, the ultimate size of deposits on the Company’s lands and the ability of the Company to raise adequate capital to execute its exploration and development plans. Forward-looking statements in this release may include statements regarding the possible extent of the gold system at our Mustajärvi Property in Lapland, plans to continue evaluating data from Firefox’s 2018 exploration program, the potential size of the Company’s total gold exploration portfolio upon exercise of option agreements, and the future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information available to Firefox. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Figure 1. Mustajärvi Au in BOT Samples with Magnetics - July 2018
bot samples

Figure 2. Mustajärvi Magnetics -  March 2018
magnetic

 

 

VANCOUVER, BC – (July 11, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it has completed its previously announced non-brokered private placement (the “Private Placement”) by issuing an additional  1,029,358  units of the Company (“Units”) at a purchase price of $0.35 per Unit for gross proceeds of $360,275.  Combined, the Company has issued 2,114,230 Units in several tranches, raising gross proceeds of $739,980.

Each Unit consists of one common share of the Company and one-half of one non-transferrable common share purchase warrant (each whole such warrant a “Warrant”). Each Warrant is exercisable into one additional common share of the Company for a period of two years from the closing of the Private Placement at an exercise price of C$0.45. The expiry date of the Warrants is subject to acceleration under certain conditions.

It is anticipated that the proceeds of the Private Placement will be used for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

The Units issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates paying finder’s fees on certain portions of this Private Placement, including broker warrants which would be exercisable at $0.35 for a period of two years from the closing of the Private Placement.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd. (“Magnus”), a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).  Finally, the Company has executed a non-binding letter of intent with Magnus under which FireFox can acquire 100% interest (subject to a NSR royalty) in approximately 50,630 additional hectares of mineral exploration reservations in Lapland, Finland referred to as the Seuru Properties. Subject to the execution of a definitive option agreement, the Company has agreed to earn its interest in the Seuru Properties by making payments of CAD $200,000 in cash and 1,500,000 shares to Magnus over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Combined with its other holdings of exploration reservations and ore prospecting permits, the addition of the Seuru Properties will bring FireFox’s total gold exploration portfolio to more than 117,000 hectares or 1,170 square kilometers, all located in Finland.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC – (June 4, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) announces, effective May 31st, that it has completed the first tranche of a non-brokered private placement (the “Private Placement”) by issuing 1,084,872 units of the Company (“Units”) at a purchase price of $0.35 per Unit for gross proceeds of $379,705. The Company intends to complete a second tranche of the Private Placement before June 15, 2018. 

Each Unit consists of one common share of the Company and one-half of one non-transferrable common share purchase warrant (each whole such warrant a “Warrant”). Each Warrant is exercisable into one additional common share of the Company for a period of two years from the closing of the Private Placement at an exercise price of C$0.45. The expiry date of the Warrants is subject to acceleration under certain conditions.

It is anticipated that the proceeds of the Private Placement will be used for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

The Units issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates paying finder’s fees on certain portions of this Private Placement, including broker warrants which would be exercisable at $0.35 for a period of two years from the closing of the Private Placement.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd. (“Magnus”), a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).  Finally, the Company has executed a non-binding letter of intent with Magnus under which FireFox can acquire 100% interest (subject to a NSR royalty) in approximately 50,630 additional hectares of mineral exploration reservations in Lapland, Finland referred to as the Seuru Properties. Subject to the execution of a definitive option agreement, the Company has agreed to earn its interest in the Seuru Properties by making payments of CAD $200,000 in cash and 1,500,000 shares to Magnus over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Combined with its other holdings of exploration reservations and ore prospecting permits, the addition of the Seuru Properties will bring FireFox’s total gold exploration portfolio to more than 117,000 hectares or 1,170 square kilometers, all located in Finland.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (May 11, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it has finalized the terms for its previously announced non-brokered private placement (the “Private Placement”). Subject to regulatory approvals, the Company intends to raise gross proceeds of up to $750,000 by issuing up to 2,142,857 units of the Company (“Units”) at a purchase price of $0.35 per Unit.  Each Unit will consist of one common share of the Company and one-half of one non-transferrable common share purchase warrant (each whole such warrant a “Warrant”). Each Warrant shall be exercisable into one additional common share of the Company for a period of two years from the closing of the Private Placement at an exercise price of C$0.45. The expiry date of the Warrants is subject to acceleration under certain conditions. Prior to this financing, FireFox has 20.45 million shares outstanding, no warrants, and 1.745 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Finders’ fees may be payable to qualified finders in accordance with applicable regulations. The Company now anticipates that the Private Placement will close on or about Monday, May 28, 2018.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd. (“Magnus”), a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).  Finally, the Company has executed a non-binding letter of intent with Magnus under which FireFox can acquire 100% interest (subject to a NSR royalty) in approximately 50,630 additional hectares of mineral exploration reservations in Lapland, Finland referred to as the Seuru Properties. Subject to the execution of a definitive option agreement, the Company has agreed to earn its interest in the Seuru Properties by making payments of CAD $200,000 in cash and 1,500,000 shares to Magnus over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Combined with its other holdings of exploration reservations and ore prospecting permits, the addition of the Seuru Properties will bring FireFox’s total gold exploration portfolio to more than 117,000 hectares or 1,170 square kilometers, all located in Finland.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (April 19, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that it has executed a non-binding letter of intent (“LOI”) with Magnus Minerals Ltd. (“Magnus”) outlining a purchase option agreement under which FireFox can acquire 100% interest in approximately 50,630 hectares of mineral exploration reservations in Lapland, Finland. The new properties are comprised of four separate reservations, collectively referred to as the Seuru Properties (or the “Properties). Combined with its other holdings of exploration reservations and ore prospecting permits, this acquisition will bring FireFox’s total gold exploration portfolio to more than 117,000 hectares or 1,170 square kilometers.        

Subject to the execution of a definitive agreement (the “Agreement”), the Company has agreed to earn its interest in the Properties by making payments of up to CAD $200,000 in cash and 1,500,000 shares to Magnus over a three-year period, while investing CAD $1,500,000 in mineral exploration on the Properties. Magnus will retain a 1.5% NSR royalty on production from the Properties, 0.5% of which can be purchased for 1,000 troy ounces of gold.

Patrick Highsmith, Chairman of FireFox, commented: “Once executed in the next few weeks, this Agreement will deliver FireFox into an elite group of large tenement holders in the Central Lapland Greenstone Belt. These new properties lie in the highly prospective Kittilä Group rocks. This is an important new target area for the Company because these rocks are host to Finland’s only world class gold deposit, Agnico Eagle’s Kittilä Mine. In fact, a portion of the Seuru Property adjoins the east side of the mine property. We are excited to begin work on the Properties, which are rich with target opportunities.”

The Properties are generally underlain by the mafic volcanic rocks of the Kittilä Group. The Properties have seen approximately CAD $3 million of historic investment. The historic geophysical surveys, till geochemistry, and drilling results in the Geological Survey of Finland (GTK) database indicate a number of target areas where structural intersections coincide with gold and trace element geochemical anomalies. The prominent structural controls on mineralization in this area, including at the Kittilä deposit, tend to be oriented NNE and NNW.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has prepared the technical information in this news release.

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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition to the Properties that are the subject of the LOI announced here, the Company has an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in in the Jeesiö, Riikonkoski and Ylöjӓrvi projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey of Mining Companies. With 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

 

VANCOUVER, BC – (March 21, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to provide an exploration update for its Jeesiö-Mustajärvi Gold Project in the Central Lapland Greenstone Belt, Finland (“the Project”).  The Project includes the 100%-owned Mustajärvi property and the optioned Jeesiö exploration properties.

In late January the Company initiated an intensive Bottom-of-Till (“BOT”) sampling program at Mustajärvi (see news release dated February 7, 2018). The primary objectives of the program were to infill and extend an area of anomalous gold in historic till sampling around the previously drilled mineralization. Sampling has proceeded as planned, and to date 440 samples have been collected and sent for gold and multi-element geochemical analyses. The program is nearly complete.

Once the Mustajärvi BOT sampling program is complete, the Company plans to initiate an 11 line-kilometer Induced Polarization (IP) survey at the property. The contractor will be GRM-services Ltd, based in Vantaa, Finland, a recognized geophysical services company with extensive experience in northern latitudes. The survey configuration will be dipole-dipole 2D IP with 50 m dipoles, and the depth penetration will be approximately 250 meters. The survey will cover the majority of the Mustajärvi exploration permit area and will be utilized, together with the recently accumulated till geochemical data, for planning the upcoming diamond core drilling program.

Following the completion of the Mustajärvi BOT sampling program in approximately one week, the BOT rig will be re-located to initiate a similar program at the Jeesiö exploration properties.  A legally binding exploration permit for Jeesiö was recently received from the Finnish Mining Authority (“Tukes”), allowing the Company to conduct routine exploration work including sampling, trenching and diamond core drilling within this new 1,352.5 hectare permit area. The permit was granted very quickly, within approximately 100 days from its submission, including the 30-day hearing period and separate 30-day objection period. No objections were received.

Carl Löfberg, CEO of FireFox, commented: “Our winter program is advancing very well. The fast processing of the first exploration permit at Jeesiö demonstrates the ability of our experienced in-country team to manage applications, and of Tukes to process them quickly. We expect that the current BOT programs and IP-survey will provide well-defined drill targets for the Mustajärvi and Jeesiö properties, and we look forward to a core drilling program later this year.

Quality Assurance

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has prepared the technical information in this news release.

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 and approves the technical information in this news release.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and is focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in in the Jeesiö, Riikonkoski and Ylöjӓrvi projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey of Mining Companies. With 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687 

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties. 

VANCOUVER, BC – (February 27, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it intends to undertake a non-brokered private placement (the “Private Placement”) for total gross proceeds of up to $750,000. The Private Placement will consist of up to 1,666,667 common shares of the Company (“Shares”) at a purchase price of $0.45 per Share. It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox’s gold exploration properties in Finland. Prior to this financing, FireFox has 20.45 million shares outstanding, no warrants, and 1.745 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about March 15, 2018. The Company does not intend to pay any finder’s fees in association with this financing.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment Attractiveness Index of the 2017 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,


“Carl Löfberg”
Chief Executive Officer

 

CONTACT:

FireFox Gold Corp.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 604-558-7687

 

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (February 7, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that it has commenced a base-of-till (BOT) sampling program at its 100%-owned Mustajärvi gold property (“Mustajärvi” or the “Property”) in the Central Lapland Greenstone Belt of Finland. Mustajärvi occurs along the Venejoki Fault, a southern splay of the Sirkka Gold Line, which is a deep crustal structure that controlled the emplacement of more than 40 gold deposits in the region.

The present sampling program consists of approximately 250 closely spaced sample points in an area where bedrock is covered by 5 to 8 metres of glacial overburden. The basal till and the bedrock surface will be targeted using a percussion drill mounted on a tracked Bandwagen vehicle. Company geologists will submit the resulting samples for gold and ultratrace multi-element analyses. The drill contractor is Mäckling Ltd., a renowned company with 30 years of experience in deep till sampling in glaciated terrains.

This sampling program has several objectives:

  1. Duplicate historical sampling over the known mineralization identified by the Geological Survey of Finland (GTK);
  2. Expand the sampling further east and west along the interpreted strike of the mineralization;
  3. Infill historical sampling in the NE part of the license area where high-grade gold-in-till anomalies were reported in the historic GTK database; and
  4. Systematically sample an area in the southern part of the license, where the GTK reported abundant native gold grains in historic till samples.

While the Company believes the preceding historical sampling data are reliable, readers are cautioned that a “qualified person” (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

Following the successful execution of this sampling program, the Company expects to refine and expand upon existing targets for diamond drilling at Mustajärvi. FireFox is planning to begin diamond drilling at its Lapland projects during the summer of 2018. Testing for continuity of the historic Mustajärvi gold mineralization down dip and along strike will be a priority for the Company.

Carl Löfberg, CEO of FireFox, commented on the news, “We are excited about our growing portfolio of assets in Lapland. The 2018 program is launching at Mustajärvi and will move on to Jeesiö. BOT Sampling has been shown to be very effective in Finland and other glaciated terrains for following up on regional geochemical anomalies and geophysical targets. We look forward to adding these detailed data to our growing database, so that we can refine our drill targets in advance of the core drilling program expected later this year.”

The Mustajärvi Property includes a historical prospect discovered by Outokumpu Oyj (a previous owner of the Property) based on reported high gold content in local till. The native gold in till attracted artisanal gold miners, who exploited small surficial deposits. The mineralization is consistent with other orogenic gold deposits in Lapland. Gold occurs in pyrite-bearing quartz and quartz-carbonate-tourmaline veins, which are hosted by albitized schist and volcaniclastic rocks. Previous owners, Outokumpu Oyj and Aurora Exploration Ltd., conducted ground geophysical surveys [magnetics, induced polarization (IP), and self-potential (SP)], trenching, systematic till geochemistry, and drilled 12 shallow diamond drill holes to depths up to 72 metres.

Geophysical surveys highlighted the NE-SW striking shear zone, with known mineralization being spatially associated with magnetic, IP, and chargeability gradients. However, previous drilling tested less than 200 metres strike of the interpreted two-kilometer anomaly and only the upper 50 metres of depth. The Outokumpu drilling yielded some high-grade intersections, including: 2.7m @ 14.6 g/t Au (from 20.7 m), 12.0m @ 2.7 g/t Au (from 21.0 m), and 1.0m @ 18.8 g/t Au (from 41.0 m). The drilling suffered from significant core loss due to faulting and fracturing, so true thickness of mineralization is unknown. Subsequent owners collected grab samples during the 2017 field season from trenches and boulders; one sample of sulfide-rich quartz vein material assayed 79.8 g/t Au. The drilled Mustajärvi deposit is open in all directions.

While the Company believes the preceding historical exploration and drilling data are reliable, readers are cautioned that a “qualified person” (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

Qualified Persons

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has prepared the technical information in this news release. Dr. Peltonen is not independent of the Company, as he is a shareholder and its exploration manager.

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702), is a qualified person as defined by National Instrument 43-101. Mr. Highsmith has also helped prepare and approves the technical information in this news release. Mr. Highsmith is not independent of the Company as he is a shareholder and director.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147-hectare Mustajärvi Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, BC – (January 23, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to announce that Ms. Julie Lassonde has joined the team as an independent director of the Company.

After training in civil engineering at Queen’s University, Ms. Lassonde has accumulated more than twenty years experience in the banking and mining industries. She began her career at Macquarie Bank, where she worked for a total of six years, focusing on foreign exchange and financial analysis. Over the last ten years, she has acted as an executive or director for 8 junior mining companies, including leadership roles as president or CEO at Takara Resources, Garson Gold Corp., and Shear Diamonds. At Garson Gold Corp., Ms. Lassonde identified the buyer and negotiated the successful sale of the company to Alexis Minerals at a considerable premium to market. She also has significant experience in building teams and start-up companies. In addition to her current role as a governor of York University, she has also served on several charitable boards (including the Lassonde Family Trust) and foundations. Julie also currently serves on the board of Calibre Mining Company.

Patrick Highsmith, Chairman of FireFox Gold Corp., commented on the Company’s new team member, “We are very pleased to welcome Julie Lassonde to the FireFox board. Julie has a deep understanding of how to realize value for investors through gold discovery. We can see in Julie’s career a tendency towards focus and action. Her experience, intellect, and network will be valuable assets for our new company. With this appointment, we continue a very exciting growth story for FireFox. Over the last 4 months, we have built up our portfolio of assets in Finland, bolstered the Company’s finances with strong new investors, and now we are capping off the team with top tier independent directors.”

Pursuant to the Company’s incentive stock option plan, FireFox is granting 250,000 options (the “Options”) to a director to purchase common shares of the Company. The exercise price of the Options is $0.30 per share, and they expire five years from the date of issuance. Vesting of these Options is contingent upon shareholder approval of the Company’s stock option plan, which will be under consideration at the next annual general meeting of shareholders.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and is focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC – (December 20, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it has entered into a binding Agreement to purchase 100% of the Mustajärvi gold exploration project in the Lapland region of Finland (“Mustajärvi” or “the Project”). The vendor is Finnish junior exploration company Aurora Exploration Ltd. (“Aurora”).

Mustajärvi is located within the mineral endowed Central Lapland Greenstone Belt in Northern Finland, adjacent to a southern splay of the Sirkka Gold Line (Venejoki Fault), a deep crustal structure that has controlled the emplacement of more than 40 gold deposits in the region. The 147-hectare Mustajärvi exploration permit extends more than 2 kilometres along the interpreted strike of the Mustajärvi shear zone, and it is fully permitted for drilling.

Carl Löfberg, CEO of FireFox, commented: “The acquisition of the drilling-permitted Mustajärvi Project at very favorable terms shows FireFox’s ability to advance the tenement package in Northern Finland in areas highly prospective for gold. The Mustajärvi target is adjacent to tenements in our Jeesiö Project, and it will be incorporated into our 2018 winter program. We expect to commence with diamond core drilling at Mustajärvi later this winter with an initial program of twinning historic holes and initial step-outs onto new targets.”

Mustajärvi is a historical prospect discovered by Outokumpu Oyj based on exceptionally high gold content in local till. The abundant native gold in till attracted artisanal gold miners, who exploited small surficial deposits. The mineralization is typical of orogenic gold deposits, hosted by albitized mafic volcanics and volcaniclastic rocks, where the gold is associated with pyrite-bearing quartz and quartz-tourmaline veins. Previous owners, Outokumpu Oyj and Aurora, in, respectively, 1990 - 1992 and 2017, conducted ground geophysical surveys (magnetic, induced polarization (IP), and self-potential), trenching, systematic till geochemistry, and drilled 12 shallow diamond drill holes to depths up to 72 metres.

Geophysical surveys completed by Outokumpu Oyj and Aurora, in, respectively, 1991 – 1992 and 2017, highlighted the NE-SW striking shear zone, with known mineralization being spatially associated with magnetic, IP, and chargeability gradients. However, previous drilling tested less than 200 metres strike of the interpreted 2 kilometre anomaly and only the upper 50 metres of depth. The Outokumpu drilling yielded some high-grade intersections, including: 2.7m @ 14.6 g/t Au (from 20.7 m), 12.0m @ 2.7 g/t Au (from 21.0 m), and 1.0m @ 18.8 g/t Au (from 41.0 m). The drilling suffered from significant core loss due to faulting and fracturing; widths may not represent true thickness. Aurora geologists collected grab samples during the 2017 field season from trenches and boulders; one sample of sulfide-rich quartz vein material assayed 79.8 g/t Au. The drilled Mustajärvi deposit is open all directions.

While the Company believes the preceding historical drilling and sampling data are reliable, readers are cautioned that a “qualified person” (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

The Firefox team completed comprehensive due diligence of the Project prior to completing the binding Agreement. The Company is in the process of finalizing details of a percussion drill till sampling program that is to be followed by diamond core drilling of duplicate holes and step-out holes on new targets.

Commercial terms

FireFox will pay a total of €30,000 and issue 400,000 common shares to Aurora in order to acquire 100% interest in the Mustajärvi Project. Aurora retains a 1% Net Smelter Royalty (“NSR”) on all metals sold from the Mustajärvi Project, 50% of which can be repurchased by Firefox for US $500,000. The repurchase right is exercisable at any point within 180 days of the Company’s receipt of a positive feasibility study for the Mustajärvi Project that is in compliance with Canadian National Instrument 43-101.

About the Jeesiö Project

The Jeesio Project, now incorporating the Mustajärvi Project, comprises approximately 46,200 hectares of the prospective Central Lapland Greenstone Belt. The property is adjoined on the eastern end by Aurion Resources Ltd. and Anglo-American PLC. The Company is currently developing targets based on data generated during its maiden exploration program during summer and fall of 2017 as well as the historic data reported in the Geological Survey of Finland (GTK) database. Based on GTK mapping and company fieldwork, Jeesio hosts an extensive section of the Sirkka Gold Line as well as abundant mafic volcanic and metasedimentary rocks.

Qualified Person

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 and approves the technical information in this news release.

About FireFox Gold Corp.

FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Löfberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC – (December 14, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to advise that it has added 3 new tenement blocks to its gold exploration portfolio in the Central Lapland Greenstone Belt of Finland. The Company can earn a 100% interest in the 73.2 km2 (7,320 hectares) reservation applications as a result of an addendum to the existing option agreement with Magnus Minerals Ltd (see Company news release dated August 2, 2017 under the former name of Silverstone Resources Corp). The new tenements are located adjacent to the Sirkka Gold Line – a major crustal structure that has controlled the emplacement of the majority of the orogenic gold deposits in Lapland.

Carl Lo fberg, CEO of FireFox, commented, “We have further strengthened FireFox’s gold portfolio in Finland with no cost to the Company. Now controlling more than 57,000 hectares in the Central Lapland Greenstone Belt and a total of more than 67,000 hectares in Finland, we see many gold in till and geophysical anomalies that will warrant follow-up during our Winter program. This new acquisition also shows the value of the Geological Survey of Finland database, which helps us accelerate the pace of work on these greenfield projects.”

Two of the blocks are located adjacent to the Company’s existing Jeesio Project. These two blocks are considered as greenfield exploration targets, but they are known to host prospective geology and gold anomalies from historical work reflected in the Geological Survey of Finland (GTK) database. FireFox geologists identified the new properties as targets based on an internal review of Company and GTK data. Drilling at a nearby target called Kiekero maa yielded near surface gold intercepts of up to 5 metres at 5.8 g/t associated with the contact between metasediments and mafic intrusive rocks. The newly acquired FireFox tenements include two prominent multi-point till anomalies (0.58 and 0.38 g/t Au) in close proximity to similar lithologic contacts. Originally, this data was collected by Outokumpu Oyj and later transferred to the GTK database. Outokumpu Oyj also identified significant gold in the heavy mineral fraction of till from these properties. These prospective areas have not been subject to any known historical drilling. FireFox is currently planning its winter exploration program, which will include follow-up of a number of significant anomalies on the Jeesio Project.

The third new block is located further west along the Sirkka Gold Line. It adjoins the Company’s Riikonkoski Project and partially surrounds the historic Saatopora Mine, held by Outokumpu Oyj. The now-idled Saatopora Mine produced approximately 220,000 oz Au and 5,650 t Cu between 1988-1995. The newly acquired tenement near Saattopora hosts 39 historical diamond drill holes, which the Company will be reviewing in detail during its Winter program. (All sampling and production results noted above are reported in, and were recovered from, the GTK database.)

Summary of Transaction

The Company has agreed with Magnus Minerals Ltd. to add the new tenements to the existing option agreement, dated August 1, 2017, through a letter agreement as an addendum. The properties will be subject to the existing terms of that agreement (see below) with no additional cost to the Company.

About the Jeesiö Project

The Jeesio Project is comprised of approximately 45,500 hectares of the prospective Central Lapland Greenstone Belt, including two large granted exploration reservations, two smaller applications for exploration permits, and the two new reservations covering approximately 5,580 hectares. The property is adjoined on the eastern end by Aurion Resources and Anglo-American. The Company is currently developing targets based on data generated during its maiden exploration program during Summer and Fall of 2017 as well as the historic data reported in the Geological Survey of Finland (GTK) database. Based on GTK mapping and company fieldwork, Jeesio hosts an extensive section of the Sirrka Gold Line as well as abundant mafic volcanic and metasedimentary rocks.

Qualified Person

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the technical review of the newly acquired properties and has helped prepare and approve the technical information in this news release.

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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is a new non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three-year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

VANCOUVER, BC – (December 6, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report results from its maiden exploration program at its 100%-controlled Ylo ja rvi Gold Project (“Ylo ja rvi” or the “Project”) in Southern Finland. The Project is located in the Tampere Schist Belt, a well known historical and active gold mining belt. The 107 km2 (10,700 ha) Ylo ja rvi property covers almost half of this very prospective belt and shares its western boundary with the historic Haveri Gold Mine property. The currently operating Orivesi Gold mine, (owned by Dragon Mining), lies approximately 30km to the east and to date has produced more than 500,000 oz of gold.

FireFox initiated a limited exploration program at Ylo ja rvi in June 2017 that focused on geological mapping, prospecting, sampling and geophysics. Field crews targeted five areas where historic work had encountered high-grade gold in boulders, outcrop, or drilling.

Results were very promising and FireFox geologists identified new multi-element anomalies that extended the Oks gold trend by more than 1,000 metres. Rock outcrop is scarce on the property due to glacial overburden, nevertheless, one rock sample taken from outcrop returned 7.35 g/t Au. Seven rock samples exceeded 1 g/t Au, five of which were taken from local boulders, and the remaining two were sampled from outcrops.

Geophysical surveys also identified several areas with strong indications of sulfide mineralization at depth. The Company intends to follow up this successful initial program with detailed till sampling, mapping, and sampling in several areas.

Carl Lo fberg, CEO of FireFox, commented on the first technical result from the newly launched company, “Our field teams moved quickly to initiate work at Ylöjärvi. It was a modest program, but we are very pleased to have extended several of the historical anomalies and provided focus in multiple areas that could lead to drilling sooner than we had expected. We are also excited by the preliminary indications from our geophysics, suggesting the need for follow-up over large areas at our Harhala and Paronen targets.”

About the Ylöjärvi Project 

The Ylo ja rvi Project is comprised of two large granted exploration reservations as well as a smaller exploration permit application, covering approximately 10,700 ha of the prospective volcano-sedimentary Tampere Schist Belt. The Company is currently targeting five key areas on the Project that have strong similarities in geochemistry, alteration and structural geology to the nearby historic and operating gold mines, particularly the Orivesi Mine. 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 85 glacial boulders on the property containing greater than 1 g/t Au, as well as strong gold anomalies in till samples, as reported in the Geological Survey of Finland (GTK) database.

Summary of the 2017 Field Program

The 2017 program focused on five target areas: Harhala, Lava, Kivija rvi, Paronen, and Oks. The work program included: geological mapping, prospecting with rock and boulder sampling, soil and till sampling, and self-potential (SP) surveys. Altogether, the geologists and field teams collected over 140 samples and 40 line-kilometres of SP geophysics. The Oks and Harhala targets returned the most promising results to date.

The Oks target hosts a gold-bearing altered quartz-sericite-pyrite schist that typically measures 50-to-150 metres wide and is now traced over a strike length of approximately 2.7 kilometres. Previously, narrow zones of high-grade gold were encountered in limited trenching and drilling on the Oks zone by the GTK and other companies, including Oy Lohja Ab, Outokumpu Oy, Oy SES Finland Ltd, and Polar Mining Oy. FireFox geologists identified new multielement anomalies that extended the Oks gold trend by more than 1,000 metres. The sampling included two rock chip from outcrops that contained 7.35 g/t and 1.84 g/t Au, respectively.

Using portable Cobra drills for sampling deep glacial till, the FireFox team identified anomalous gold as well as associated silver, arsenic, antimony, tellurium, and lead. Company geologists will return to the Oks Target to conduct additional structural geology analysis, mapping, and basal till sampling before proposing targets for diamond core drilling.

The Harhala Target lies approximately 10 kilometres west of Oks, near the historic Haveri Mine. The GTK database includes a historic boulder sample containing 31 g/t Au taken from Harhala, as well as two outcrop samples that yielded 9.2 and 23.0 g/t Au. The detailed FireFox SP survey outlined a conductive anomaly covering approximately 0.5 km2. In the same area, geologists discovered two new glacial boulders assaying 0.4 and 1.9 g/t Au. The team is planning to return to Harhala to advance these initial favorable findings.

Quality Assurance

FireFox geologists have conducted the sampling reported in this news release according to standard industry practice and with due attention to quality assurance and quality control. ALS Laboratories, a leading international provider of assay and analytical data to the mining industry, provided the assay and geochemical data presented in this news release. In addition to many local accreditations, ALS operates globally to ISO 17025 standards.

Dr. Petri Peltonen, Exploration Manager of FireFox Gold, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen has supervised the collection and interpretation of the technical data generated in the Company’s 2017 field program at the Ylöjärvi Project and has helped prepare and approve the technical information in this news release. 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 and approve the technical information in this news release.

About FireFox Gold Corp.

FireFox is a new non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., (“Magnus”) a highly-experienced private prospect generator company in Finland that continues to provide project management and technical expertise to the Company. The Company has an option to acquire 100% interest (subject to a NSR royalty) in the Riikonkoski, Ylo ja rvi and Jeesio Projects that currently encompass approximately 60,000 hectares. All three projects are in important gold belts, and collectively have prior exploration expenditures in excess of $5 million.
Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (Nov 9, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that today it has closed the second and final tranche of a non-brokered private placement (the “Private Placement”) by issuing an additional 1,121,168 common shares of the Company (“Shares”) at a purchase price of $0.30 per share for gross proceeds in the second tranche of the Private Placement of $336,350. The total gross proceeds of both tranches of the Private Placement totals $1,481,051.

It is worthy of note that certain officers and directors of the Company have participated in the Private Placement. The Company will also not be paying any finder’s fees in association with this Private Placement.

It is anticipated that the proceeds of the Private Placement will be used for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

A total of 4,936,837 Shares were issued in both tranches of the Private Placement. Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 60,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES


VANCOUVER, BC – (Nov 6, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it has completed the first tranche of a non-brokered private placement (the “Private Placement”) by issuing 3,815,669 common shares of the Company (“Shares”) at a purchase price of $0.30 per share for gross proceeds of $1,144,701. After announcing on October 18, 2017 that the initial $1,000,000 Private Placement was over-subscribed, the Company intends to complete a second tranche before November 10, 2017, which is expected to increase the total gross proceeds of the Private Placement to approximately $1,400,000.

It is worthy of note that certain officers and directors of the Company have participated in the Private Placement. The Company will also not be paying any finder’s fees in association with this Private Placement.

It is anticipated that the proceeds of the Private Placement will be used for general corporate purposes, working capital and exploration activities on FireFox’s gold exploration properties in Finland.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 60,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.
It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (Oct 30, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) is pleased to report that its previously-announced private-placement is oversubscribed. FireFox initially announced the non-brokered private placement (the “Private Placement”) in its news release dated October 17, 2017.The Private placement was originally anticipated to raise gross proceeds of $1,000,000. As a result of being oversubscribed, the Private Placement will now consist of more than 3,333,333 common shares of the Company (“Shares”) at a purchase price of $0.30 per Share. The Company will report on the full allotment of Shares issued on or before closing of the Private Placement, which is anticipated prior to November 14, 2017.

Proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox’s gold exploration properties in Finland. The Company does not intend to pay any finder’s fees in connection with this financing.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 60,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:
FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, BC – (Oct 19, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it intends to undertake a non-brokered private placement (the “Private Placement”) for total gross proceeds of up to $1,000,000. The Private Placement will consist of up to 3,333,333 common shares of the Company (“Shares”) at a purchase price of $0.30 per Share. It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox’s gold exploration properties in Finland. The Company does not intend to pay any finder’s fees in association with this financing.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. It is anticipated that the Private Placement will close on or about October 31, 2017.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 60,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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 concerning the Company, please refer to the Company’s profile on the SEDAR website at www.sedar.com

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements

The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

FOR IMMEDIATE RELEASE

VANCOUVER, BRITISH COLUMBIA - October 19, 2017 – Elemental Capital Partners LLP (“Elemental”) and Delbrook Capital Advisors Inc. (“Delbrook” and together with Elemental the “Sellers”) announce that pursuant to certain acquisitions (“Dispositions”) the Sellers have disposed of some of their direct or beneficial ownership in securities of FireFox Gold Corp. (“FireFox”). Elemental has sold direct or beneficial ownership in securities of FireFox consisting of an aggregate of 2,941,667 common shares (“Common Shares”). Delbrook has sold direct or beneficial ownership in securities of FireFox consisting of an aggregate of 2,050,000 Common Shares.

Prior to the Transactions, Elemental and Delbrook each beneficially owned or controlled, directly or indirectly 3,050,000 Common Shares. The Purchasers entered into securities purchase agreements (the “Agreements”) to divest the shares to various parties, and carried out the transactions contemplated thereunder (the “Transactions”) under section 2.6 of National Instrument 45-102 – Resale of Securities, while relying on prospectus exemptions available in sections 2.3 and 2.5 of National Instrument 45-106 – Prospectus Exemptions. Pursuant to the Agreements the Purchasers sold an aggregate of 4,991,667 Common Shares for the aggregate price of CDN $499.

As a result of the Transactions, Elemental currently holds 108,333 Common Shares representing 0.72% of the 15,111,431 issued and outstanding Common Shares, and Delbrook currently holds 1,000,000 Common Shares representing 6.62% of the 15,111,431 issued and outstanding Common Shares. Together, the Purchasers currently hold 1,108,333 Common Shares representing 7.33% of the 15,111,431 issued and outstanding Common Shares.

The Purchasers currently do not have any definitive plans or future intentions which relate to FireFox’s current business or corporate structure.

This Press Release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities commissions or similar regulatory authorities in Canada, which report will contain additional information with respect to the foregoing matters (the “Early Warning Report”). Further details regarding this transaction and FireFox, including a copy of the Early Warning Report, can be found on SEDAR under FireFox’s company profile at www.sedar.com.


For further information, please contact:

Elemental Capital Partners LLP
650, MNP Tower, 1021 W. Hastings St.
Vancouver, BC V6E 0C3 Dr. Fletcher Morgan
(604) 558-7685


Delbrook Capital Advisors Inc.
Suite 650 – 1021 West Hastings Street
Vancouver, BC V6E 0C3
Mathew Zabloski
(604) 229-1450

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to, future plans and intentions of Purchasers, the appointment of certain persons as directors and officers of the Company and associated matters. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered
appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, that the plans of the Purchasers may change and directors and officers may not perform their roles as currently expected. The statements in this press release are made as of the date of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

 

VANCOUVER, BC – (Sept 29, 2017) – FireFox Gold Corp. (“FireFox” or the “Company”), formerly Silverstone Resources Corp., an unlisted reporting issuer in British Columbia and Alberta, is pleased to announce that it has commenced gold exploration activities on the Jeesio and Ylo ja rvi Projects, key properties in its 60,000 hectare land package in Finland.

The geological team from Magnus Minerals Ltd. (“Magnus”), acting as operator, initiated a program of geological mapping, rock sampling, till sampling, and geophysics on the 40,000 hectare Jeesio Project in the Central Lapland Greenstone Belt. This is some of the first detailed reconnaissance and follow-up exploration work in this area since news of the Aamurusko gold in boulders discovery by Aurion Resources, less than 10 km north from the FireFox survey area.

Similarly, in southern Finland, Magnus geologists have been conducting mapping, sampling, and geophysics on the 10,000 hectare Ylo ja rvi Gold Project, which is located in the Tampere Schist Belt. The Ylo ja rvi Project lies between the currently operating Orivesi Gold Mine and the inactive Haveri Gold Mine. This project includes numerous historical gold showings and previously drilled prospects.

The Company expects to continue this prospecting work as long as weather permits. Combined with follow-up systematic sampling and interpretation, these surveys may lead to maiden drill targets on the Ylo ja rvi Project by Winter of 2017 – 2018. Magnus is funding this first stage of exploration work and will be reimbursed by FireFox as part of the spending commitment related to the option agreement on the Finland properties (See Silverstone Resources Corp. news release dated August 2, 2017).

Corporate Update

The Company also reports that it has issued 800,000 common shares of FireFox (“Shares”) by way of private placement to certain FireFox consultants at a price of $0.0001 per Share in recognition of their respective contributions to the initial development of the Company.

Quality Assurance

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has supervised the preparation of the scientific and technical information that forms a portion of this news release.

About FireFox Gold Corp.

FireFox is a new non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration in Finland. The Company has entered into an option agreement with Magnus Minerals Ltd., a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 60,000 hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the properties and make cash payments to Magnus of CAD $250,000 over a three year period (See Silverstone Resources Corp. news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its 5th ranking in the 2016 Fraser Institute Survey 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.

On behalf of the Board of Directors,

“Carl Lo fberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements: The information in this news release 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, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future exploration programs and the timing thereof including maiden drill targets, operation plans and Finnish mining prospects. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this press release 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.
It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold mines or active gold projects being advanced by other companies, the mineralization on properties nearby FireFox’s land packages is not necessarily indicative of mineralization on FireFox’s properties.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUT

 

VANCOUVER,  BC – (Sept  26,  2017)  – Silverstone Resources Corp. ("Silverstone" or the "Company"), an unlisted reporting issuer in British Columbia and Alberta, has changed its name to FireFox Gold Corp. ("FireFox").

Silverstone was spun out of Anacott Resources Corp. ("Anacott") as a wholly owned subsidiary in July 2017 (See Anacott news release dated July 28, 2017). Silverstone later entered into an option agreement with Magnus Minerals Ltd. (see Silverstone news release dated August 2, 2017) whereby it has the right to acquire a 100% interest (subject to a 1.5% NSR royalty) in approximately 60,000 hectares of exploration reservations in Finland.

In recognition of its focus on Finland, and in particular on the Central Lapland Greenstone Belt in the north of the country, the Company changed its name to FireFox Gold Corp. The word FireFox comes from a literal translation of the Finnish word for the Aurora Borealis – revontuli, meaning "fox's fire." Finnish legend has it that the fox runs so fast across the snow that his tail makes sparks, which rise into the heavens and are seen as the Aurora.  

The Company and its CEO Mr.  Carl  Lofberg are based in Finland and its management  offices are split between Finland and Vancouver.  Most of FireFox's technical team resides in Finland while its CFO Mr. Andrew MacRitchie is based out of Vancouver. The Company's board of directors is currently comprised of:  Patrick Highsmith, Carl Lofberg, and Joe Mullin.   

About FireFox Gold Corp.

FireFox is a new non-listed reporting issuer in British Columbia  and Alberta focused entirely on gold exploration in Finland.  The Company has entered into an option agreement  with Magnus Minerals Ltd.,  a private prospect generator company in Finland, through which it has an option to acquire 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 60,000 hectares. In order to complete the option,  the Company must invest CAD $2.5  million in exploration on the properties and make cash payments to Magnus of CAD $250,000  over a three year period (See  Silverstone  news release dated Aug 2, 2017).

Finland is one of the top mining jurisdictions in the world as indicated by its ranking 5th in the 2016 Fraser Institute  Survey  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.

On behalf of the Board of Directors

“Carl Lofberg”
Chief Executive Officer

CONTACT:

FireFox Gold Corp.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: 604-558-7687

Forward Looking Statements:  The information in this news release  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,  costs and supply of materials relevant to the mining industry,  change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future  exploration programs,  operation plans and Finnish mining prospects.  Although we believe the expectations  reflected in our forward looking statements  are reasonable,  results may vary.  The forward- looking statements  contained in this press release  represent the expectations  of FireFox as of the date of this press  release  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.

NOT FOR DISTRIBUTION  TO U.S. NEWSWIRE  SERVICES  OR FOR RELEASE, PUBLICATION,  DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART,
IN OR INTO THE UNITED STATES.

Vancouver, British Columbia, August 1, 2017 – Silverstone Resources Corp. (“Silverstone” or the
Company”), is pleased to announce that it has entered into an option agreement dated as of August 1,
2017 (the “Option Agreement”) with Magnus Minerals Ltd. (“Magnus”), a company incorporated under
the laws of Finland, whereby Magnus has granted Silverstone an exclusive right and option to earn and
acquire a 100% interest in each of the Riikonkoski (East and West), Jeesiö (including Jeesiö West) and
Ylöjӓrvi (including Oks) projects (the “Projects”), which are located in Finland and currently owned by
Magnus (the “Option”).

Pursuant to the Option Agreement, Silverstone is required to (among other things): (i) issue 6,000,000
common shares to, or as directed by, Magnus; (ii) incur and fund exploration expenditures on or in respect
of the Projects in the aggregate amount of $2,500,000 ($300,000 by August 31, 2018; $600,000 by August
31, 2019; and $1,600,000 by August 31, 2020); (iii) grant a 1.5% net smelter return royalty (the “NSR”) in
favour of Magnus; and (iv) make an aggregate amount of $250,000 in cash payments to Magnus ($30,000
by August 31, 2018; $60,000 by August 31, 2019; and $160,000 by August 31, 2020).

The Option Agreement also provides that if Silverstone exercises the Option, Silverstone will be obligated
to pay Magnus an additional payment equal to the value of 1,000 troy ounces of gold, within 12 months of
the commencement of commercial production. Pursuant to the Option Agreement, Magnus has agreed to
provide mineral exploration services to Silverstone.

At any time, Silverstone may elect to stop making payments under the Option Agreement, which would
result in the termination of the Option Agreement. Upon termination of the Option Agreement,
Silverstone would forego all of its rights to the Projects and any payments (including the issuance of
shares) already made to Magnus or expended on the Projects.

The NSR provides that Silverstone will pay Magnus a 1.5% NSR on minerals mined or produced from the
Projects. Silverstone will have the right within 90 days of a positive feasibility study on one (or more) of
the Projects to reduce the NSR by 0.5% to a 1% NSR on such Project. To exercise this right, Silverstone
will need to pay Magnus an amount equal to the value of 1,000 troy ounces of gold. The NSR also
provides that the NSR deductions are capped at 10% of the total revenue from the mined products
(calculated on a quarterly basis).

In connection with entering into the Option Agreement, Mr. Walter Coles has resigned as President, CEO
and a director of the Company and Ms. Barbara Broughton has resigned as a director of the Company. Carl
Löfberg, Managing Director of Magnus, has been appointed as a director and the President and CEO of the
Company and Patrick Highsmith has been appointed as a director of the Company. Joe Mullin will remain
a director of the Company.

About Silverstone Resources Corp.

Silverstone Resources Corp. is a reporting issuer in British Columbia and Alberta. The Company was spun
out pursuant to a court approved plan of arrangement involving Anacott Resources Corp. (“Anacott”) and
various other Anacott subsidiaries.

About Magnus Minerals Ltd.

Magnus is a private Finnish prospect generator company focused on mineral exploration. Magnus has
decades of experience in prospecting and consulting on mineral exploration in Finland.

Contact Information

Silverstone Resources Corp.
Andrew MacRitchie, Chief Financial Officer
(604) 558-7687

Magnus Minerals Ltd.
Carl Löfberg, Managing Director
+358 374 11 8877

Cautionary Note

Completion of the transactions contemplated by the Option Agreement are subject to receipt of all requisite
regulatory, court or governmental approvals, authorizations and consents. Where applicable, the
transactions contemplated by the Option Agreement cannot close until the required approvals have been
obtained. There can be no assurance that the transaction will be completed as proposed or at all. There can
be no assurance that the Option will vest or be maintained as proposed or at all.

Forward-Looking Information

Although the Company believes, in light of the experience of its officers and directors, current conditions and
expected future developments and other factors that have been considered appropriate that the expectations
reflected in this forward-looking information are reasonable, undue reliance should not be placed on them
because the Company can give no assurance that they will prove to be correct. When used in this press
release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or
"should" and the negative of these words or such variations thereon or comparable terminology are intended
to identify forward-looking statements and information. The forward-looking statements and information in
this press release include information relating to the business plans of Silverstone and Magnus, the Option
Agreement, the Projects, the Option and the board of directors and management of Silverstone. Such
statements and information reflect the current view of Silverstone and/or Magnus, respectively.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the following risks: (i) there is no assurance
that Silverstone and Magnus will obtain all requisite approvals for the transactions contemplated by the
Option Agreement; (ii) Silverstone may require additional financing from time to time in order to continue its
operations and financing may not be available when needed or on terms and conditions acceptable to
Silverstone; (iii) new laws or regulations could adversely affect the Silverstone’s business and results of
operations; (iv) management of Silverstone may perform differently than expected. There are a number of
important factors that could cause Silverstone’s and Magnus’ actual results to differ materially from those
indicated or implied by forward-looking statements and information. Such factors include, among others:
currency fluctuations; commodity prices, limited business history of Silverstone; disruptions or changes in
the credit or security markets; results of operation activities and development of projects; project cost
overruns or unanticipated costs and expenses, and general market and industry conditions. The Company
undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect
of the Company, Magnus, their securities, or their respective financial or operating results (as applicable).

Silverstone cautions that the foregoing list of material factors is not exhaustive. When relying on
Silverstone’s forward-looking statements and information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties and potential events. Silverstone has assumed
that the material factors referred to in the previous paragraph will not cause such forward-looking statements
and information to differ materially from actual results or events. However, the list of these factors is not
exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the
actual outcome of such items or factors. The forward-looking information contained in this press release
represents the expectations of Silverstone as of the date of this press release and, accordingly, is subject to
change after such date. Readers should not place undue importance on forward-looking information and
should not rely upon this information as of any other date. Silverstone does not undertake to update this
information at any particular time except as required in accordance with applicable laws.

This press release is not an offer of the securities for sale in the United States. The securities have not been
registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an exemption from registration. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful.

 

FOR IMMEDIATE RELEASE

VANCOUVER, BRITISH COLUMBIA - August 1, 2017 – Magnus Minerals Ltd. (“Magnus” or the
Company”) is pleased to announce that pursuant to an option agreement entered into between Magnus and
Silverstone Resources Corp. (“Silverstone”) dated August 1, 2017 (the “Option Agreement”) Magnus has acquired
direct or beneficial ownership in securities of Silverstone. Magnus has acquired direct or beneficial ownership in
securities of Silverstone consisting of an aggregate of 6,000,000 common shares (“Common Shares”) in the capital
of Silverstone.

Prior to completing the share issuance pursuant to the Option Agreement (the “Share Issuance”), Magnus did not
beneficially own or control, directly or indirectly, any securities of Silverstone. After completion of the Share
Issuance Magnus holds 45.76% of the issued and outstanding Common Shares. Magnus has granted Silverstone an
exclusive right and option to earn and acquire a 100% interest in each of the Riikonkoski (East and West), Jeesiö
(including Jeesiö West) and Ylöjӓrvi (including Oks) projects (the “Projects”) which are located in Finland and
currently owned by Magnus (the “Option”). Silverstone issued the Common Shares to Magnus as partial
consideration for the Option.

The Common Shares were acquired by Magnus in connection with the Option Agreement and for investment
purposes. Magnus currently does not have any definitive plans or future intentions in respect of the acquisition of
additional securities of Silverstone or which relate to Silverstone’s current business or corporate structure. In
connection with entering into the Option Agreement Silverstone announced a change to its directors and
management team including the appointment of a Magnus representative as a director and the President and CEO of
Silverstone. Further details regarding the Option Agreement and the changes to the directors and officers of
Silverstone can be found on SEDAR under Silverstone’s company profile at www.sedar.com.

This Press Release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-
Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities
commissions or similar regulatory authorities in Canada, which report will contain additional information with
respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will be filed
on SEDAR under Silverstone’s company profile at www.sedar.com and can also be obtained by contacting the
company at the number listed below.

For further information, please contact:

Magnus Minerals Ltd.
+358 374 11 8877
PL3 33211 Tampere, Finland

This news release contains “forward-looking information” within the meaning of applicable securities laws
relating to, future plans and intentions of Magnus, the appointment of certain persons as directors and officers of
Silverstone and associated matters. Although the Company believes in light of the experience of its officers and
directors, current conditions and expected future developments and other factors that have been considered
appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance
should not be placed on them because the Company can give no assurance that they will prove to be correct or
enduring. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and
developments may differ materially from those contemplated by these statements depending on, among other
things, that the plans of the Purchasers may change and directors and officers may not perform their roles as
currently expected. The statements in this press release are made as of the date of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to
comply with this restriction may constitute a violation of U.S. Securities laws.

 

FOR IMMEDIATE RELEASE

VANCOUVER, BRITISH COLUMBIA - July 28, 2017 - Anacott Resources Corp. (“Anacott” or the
Company”), Silverstone Resources Corp., Buckingham Copper Corp., Stowe One Investments Corp., Lillingstone
Metals Inc., 2583262 Ontario Inc., Chackmore Unit Trust and Akeley Unit Trust are pleased to announce that the
arrangement previously announced by Anacott in its July 27, 2017 news release was completed July 28, 2017.

Arrangement

Under the statutory plan of arrangement (“Plan of Arrangement”), each Anacott shareholder received the following
in exchange for each existing common share of Anacott: 1.00 new Anacott common share; 1.00 Silverstone
Resources Corp. common share; 0.71 of a Buckingham Copper Corp. common share, 0.71 of a Stowe One
Investments Corp. common share; 0.71 of a Lillingstone Metals Inc. common share; 0.71 of a 2583262 Ontario Inc.
common share; 0.71 of a Chackmore Unit Trust trust unit; and 0.71 of a Akeley Unit Trust trust unit.

As a result of completing the Plan of Arrangement, Silverstone Resources Corp., Buckingham Copper Corp., Stowe
One Investments Corp., Lillingstone Metals Inc., 2583262 Ontario Inc., Chackmore Unit Trust and Akeley Unit
Trust are now separate reporting issuers and Anacott holds no interest in any of the aforementioned entities.

For further information please contact:

Anacott Resources Corp.
Dr. Fletcher Morgan, President
(604) 558-7685
This email address is being protected from spambots. You need JavaScript enabled to view it.

This press release is not an offer of the securities for sale in the United States. The securities have not
been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an exemption from registration. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to
comply with this restriction may constitute a violation of U.S. Securities laws.

 

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