October 12, 2026
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FireFox Gold Extends High-Grade Mineralisation in Finland Ahead of Maiden Resource Estimate

FireFox Gold has extended high-grade gold mineralisation at its Mustajärvi project in northern Finland, including an intersection grading 124 grams per tonne gold, as the company advances work toward its first mineral-resource estimate. The explorer reported results from six additional drill holes at Mustajärvi in Finnish Lapland, providing further evidence that mineralisation extends beyond previously tested areas.

High-Grade Gold Intersections Expand East Zone

Drill hole 26MJ021 intersected 2.0 metres grading 63.19 g/t gold, including 1.0 metre at 124 g/t gold and 0.38% cobalt. Another hole, 26MJ022, returned 6.0 metres at 4.38 g/t gold, including a 1.0-metre interval grading 23.5 g/t gold.

FireFox said the results extend mineralisation down dip at the project’s East Zone and will contribute to preparations for a maiden mineral-resource estimate. Total drilling at Mustajärvi has reached approximately 28,721 metres, while mineralisation has been identified across more than 2 kilometres of strike.

Continuity Becomes Key Exploration Test

The importance of the latest results extends beyond the individual high-grade assays. For an exploration-stage gold project, demonstrating continuity between separate mineralised intersections is critical to establishing whether high-grade discoveries can form a coherent mineralised system suitable for resource definition.

The cobalt reported within the strongest gold interval adds another geological component to the project. Additional work would be required to establish whether cobalt could provide meaningful by-product value. The next stage of exploration will therefore focus on understanding the geometry, continuity and extent of the mineralised structures identified through drilling.

Finland Gains Importance for European Gold Exploration

Finland has developed into one of Europe’s active jurisdictions for gold and critical-mineral exploration, supported by established mining infrastructure, geological information and a relatively mature permitting environment. Northern Finland already hosts operating gold mines and advanced exploration projects, increasing the relevance of new discoveries across Lapland for companies seeking to develop mineral resources within Europe.

Mustajärvi nevertheless remains an exploration-stage project and has not yet demonstrated the scale or economic characteristics required for mine development. The planned maiden resource estimate will therefore represent an important milestone.

Maiden Resource to Define Project Potential

A resource estimate would provide the first formal assessment of the quantity, grade and geological continuity of mineralisation identified across Mustajärvi. Further drilling will determine whether the high-grade intersections at the East Zone can be linked into larger mineralised structures and whether additional zones can expand the project’s overall resource potential.

The key near-term test is therefore not simply whether FireFox can deliver another exceptionally high-grade gold intersection. The more important question is whether approximately 29,000 metres of drilling and more than 2 kilometres of mineralised strike can be translated into a sufficiently large and continuous mineral resource to support the next stage of project development.

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