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FireFox Gold Corp. reports company developments tied to gold exploration in northern Finland. The company trades on the TSX Venture Exchange as FFOX and on the OTCQB as FFOXF, and has explored a portfolio of Finnish gold properties since 2017.
Recurring news centers on diamond drilling, assay results, step-out and infill work, and target testing at the 100%-held Mustajärvi Gold Project in Lapland, including the East and Northeast zones. Updates also cover reconnaissance drilling at the 100%-held Sarvi project, exploration activity at the Kolho Property under an earn-in arrangement operated by an Agnico Eagle subsidiary, mining conference presentations, and board-level governance changes.
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FireFox Gold Corp. (TSXV:FFOX, OTCQB:FFOXF) announced the approval of a new exploration permit covering nearly 20 km² in the Kolho Trend of Finland's Central Lapland Greenstone Belt. This permit allows mechanized work, including diamond drilling and exploration trenching. Since gaining control in 2020, FireFox applied for six exploration permits covering 122.60 km², with the Nuttio permit being the first to be approved. CEO Carl Löfberg expressed optimism about the Kolho Trend's potential for orogenic gold deposits, stating that the company has mobilized a drill rig for immediate sampling. The area shows promise due to its geological similarities with nearby significant deposits, although FireFox cautions that proximity does not guarantee mineralization. The company is focused on advancing its exploration initiatives in an underexplored region of Finland.