FireFox Gold Hits 21m at 4.13 g/t Gold in New Lammas Zone Discovery
FFOXF sits 31% above its 52-week low of $0.272 on light trading volume (0.3× avg).
Summary
FireFox Gold announced a new high-grade gold discovery at its Mustajärvi project in Finland. Drill hole 26MJ032 intersected 21.0 meters averaging 4.13 g/t gold, including a 1.0-meter interval at 21.6 g/t gold, in the newly identified Lammas Zone located over 650 meters from previous drilling. The discovery expands the known mineralized footprint and supports the company's thesis of multiple parallel structures within the Mustajärvi Shear Zone system. Assays from two additional holes at Lammas are pending, and the company plans further drilling in the coming weeks. A maiden resource estimate is anticipated in early 2027.
At the time of this announcement, FFOXF was trading at $0.36 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $17.9M. The 52-week trading range was $0.27 to $0.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.