Firefly Metals Hits More Wide High-Grade Copper-Gold At Green Bay

FireFly Metals Ltd (ASX:FFM) has hit more wide high-grade copper-gold from drilling at the Green Bay Copper-Gold Project in Canada.

Latest results include 13.1 metres at 14.3% copper equivalent (CuEq) (10.7% copper and 4.1g/t gold) within 26 metres at 8.2% CuEq.

The new results will form part of the next upgrade in the resource, which currently stands at 39.2 million tonnes at 2.1% for 811,000 tonnes CuEq.

Background

There are two distinct styles of mineralisation at the Ming underground mine at Green Bay.

One comprises the upper copper-gold rich Volcanogenic Massive Sulphide (VMS) lenses.

This sits above a broad copper stringer zone known as the Footwall Zone (FWZ).

In November 2023, FireFly started mining of a 1,500 metres underground drill drive to enable exploration for down-plunge extensions of mineralisation outside of the current resource.

Exceptional results

Holes drilled from the development drill drive continue to return exceptional results, with significant intersections of both the upper high-grade copper-gold VMS zone and the underlying broad-scale copper FWZ.

This sets the scene for a significant resource update, which is scheduled for completion in the September quarter.

Read: FireFly Metals in Massive A$52.2 Million Capital Raising To Accelerate Green Bay Copper-Gold Project

Doubling rigs to four

FireFly Managing Director Steve Parsons said: “We continue to generate exceptional step out drilling results which point to substantial growth in the high-grade copper and gold resource at Green Bay.

“Given the consistently strong drilling results we are achieving, we are doubling the number of rigs to four. This is aimed at accelerating our resource growth while also seeking to make new discoveries.”

 

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