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FireFly Metals hits high-grade intersections at Green Bay copper project’s Footwall Zone

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By Imelda Cotton - 
Firefly Metals ASX FFM Green Bay copper gold Canada
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Emerging copper-gold company FireFly Metals (ASX: FFM) has confirmed a series of new high-grade intersections from drilling at the large-scale Footwall Zone within its Green Bay project in Canada.

The company said thick zones of consistent mineralisation with grades of more than 3% copper equivalent (CuEq) are expected to open a pathway to rapid and significant resource growth.

Best assays included 18 metres at 3.3% CuEq within a broader copper zone of 41.1m at 2.3% CuEq and 22.8m at 2.4% CuEq, 6.6m at 2.7% CuEq and 3.1m at 3.1% CuEq within 67.8m at 1.6% CuEq.

Other results were 18.8m at 3.5% CuEq within a broader copper zone of 47.1m at 2.4% CuEq, 14.1m at 2.8% CuEq, 15.6m at 2.5% CuEq within 30m at 1.9% CuEq and 11.2m at 2.7% CuEq within 29.8m at 1.6% CuEq.

Extensive zone

Green Bay’s Footwall Zone is reported to be extensive, with stringer mineralisation observed over thicknesses of 150m and widths exceeding 200m.

The known strike of mineralisation to date is approximately 1.6 kilometres and remains open down plunge.

The new intersections are believed to validate historical drilling results at the Footwall Zone and demonstrate potential to grow the project’s current resource of 39.2 million tonnes grading 2.1% for 811,000 tonnes CuEq.

New opportunities

FireFly managing director Steve Parsons said the results had opened up new opportunities to develop a “globally-significant” copper-gold asset at Green Bay.

“These outstanding intersections demonstrate very wide intervals of mineralisation with grades which consistently exceed 3% CuEq,” he said.

“Given the ongoing strength of our drilling results, the fact that we are now drilling from underground and the extent to which the mineralisation remains open, it is easy to see a clear path to rapid and significant resource growth at Green Bay.”

He said drilling had commenced from the underground exploration platform that forms a key part of Firefly’s accelerated resource growth strategy.

First results are expected in the coming weeks, with an updated project resource scheduled before year end.