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FireFox Gold Completes Airborne Magnetics Survey and Moves Forward with Permit Applications at Kolho Property, Lapland, Finland
SODANKYLÄ, FINLAND / ACCESSWIRE / May 12, 2022 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:...
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[{"type":"text","content":"FireFox Gold Completes Airborne Magnetics Survey and Moves Forward with Permit Applications at Kolho Property, Lapland, FinlandSODANKYLÄ, FINLAND / ACCESSWIRE / May 12, 2022 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) (\"FireFox\" or the \"Company\") reports that it has completed a detailed airborne geophysical survey focused on its vast Kolho Property in Lapland, Finland. This is the third phase of airborne surveying completed over the Company's Northern Group of properties in the last two years and extends the contiguous coverage of the Company's detailed magnetics data in the region to more than 250km2 (see Figure 1: https://bit.ly/3L4wyUc). FireFox is also pleased to announce that it is lodging several applications for exploration permits covering most of the Kolho reservation.Carl Löfberg, President and CEO of FireFox commented \"Our field mapping at the Kolho property had suggested that it was a structurally complex area with geological analogies to the settings of the region's multi-million-ounce gold deposits. This magnetics survey has confirmed structural similarities to both the Kittilä Mine and the Ikkari deposit, and identified new, previously unmapped structures, all of which provide exciting exploration targets for follow-up work.\"Highlights of the magnetics data from the Kolho area include:Similarities, in both in EM and Mag, between the eastern-central Kolho property and the setting of Rupert Resource's Ikkari deposit (see Figure 2: https://bit.ly/3M5Vlsf); andBanded N-S features forming a trend running NW through the Sarvi-Lehto-Kolho properties show similarities to the Kittilä/Kiistala shear zone (see Figure 3: https://bit.ly/3M8OPRy); andNew unmapped structures were identified and provide further targets for exploration (e.g. SE Kolho with isoclinal folding and crosscutting features and/or central Kolho where two new major structural intersections were interpreted).Based in part on these new geophysics, combined with data from reconnaissance geological traverses, mapping, and sampling, FireFox is making application for five separate exploration permits, which will substantially cover the Kolho exploration reservation and allow for detailed mechanized work including drilling. The FireFox technical team continues to evaluate the magnetics data to focus follow-up work planned for 2022-23. T...