FireFox Gold Corp., 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 Jeesiö and Ylöjärvi Projects, key properties in its 60,000 hectare land package in Finland.
The geological team from Magnus Minerals Ltd., acting as operator, initiated a program of geological mapping, rock sampling, till sampling, and geophysics on the 40,000 hectare Jeesiö 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 Ylöjärvi Gold Project, which is located in the Tampere Schist Belt. The Ylöjärvi 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 Ylöjärvi 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.