Northwire Canada EditionWednesday, August 5, 2026
Northwire
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Drill Results Routine +

FireFox Gold Drilling Extends East and Northeast Zones at Mustajarvi Project in Lapland, Finland

FireFox reports modest gram-metre hits from incremental step-out and infill drilling at the Gap Zone of its Mustajärvi project.

Executive Summary

FireFox Gold Corp. (FFOX) has released assay results from six additional diamond drill holes at its Mustajärvi gold project. The drilling expanded the East and Northeast zones and identified gold mineralization in the Gap Zone located between them.

Highlights from the results include: - 26MJ007 (East Zone): 2.9 m @ 11.55 g/t Au, including 2.0 m @ 16.48 g/t Au - 26MJ006 (Northeast Zone): 5.9 m @ 5.09 g/t Au, including 1.0 m @ 23.9 g/t Au - 26MJ010 (East Zone): 7.3 m @ 3.63 g/t Au, including 2.15 m @ 11.38 g/t Au - 26MJ011 (Gap Zone): 1.5 m @ 16.11 g/t Au - 26MJ006 (secondary): 5.5 m @ 3.99 g/t Au, including 1.5 m @ 11.77 g/t Au

Nineteen additional holes are currently pending assay results.

Material Impact

FireFox Gold Corp. (FFOX) reported incremental results confirming that mineralization extends south/southwest and exists in the Gap zone, though the grades and thicknesses remain modest. While prior high-grade hits of 32 g/t over 7.6 m and 13.75 g/t over 12.4 m established market expectations for strong gram-metre intervals, the new drill holes fall below those thresholds. These results are unlikely to materially alter the resource footprint or de-risk the project. The stock had already declined to $0.40 from a peak of $0.87, reflecting fading momentum following multiple financings.

FFOX · Price
Company Overview

FireFox Gold Corp. (FFOX) is a junior explorer focused on orogenic gold in the Central Lapland Greenstone Belt in Finland. Its flagship Mustajärvi property, covering approximately 7.8 km², hosts three known zones over roughly 2.1 km of strike and more than 29 km of drilling, with a maiden resource targeted for 2026. The company’s pipeline includes the Sarvi and Jeesio projects, as well as the Kolho joint venture with Agnico Eagle. FireFox Gold currently holds no reserves and produces no gold. Following consolidation, the company has approximately 38.7 million shares outstanding and a market capitalization of roughly $15.5 million. Key shareholders include Agnico Eagle, which holds approximately 11%.

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