FINWIRES · TerminalLIVE
FINWIRES

FireFox Gold Reported Remaining Results from 2025 Drilling at Sarvi Project in Lapland, Finland

By

FireFox Gold (FFOX.V) on Thursday reported the results from the remaining three holes of the 2025 reconnaissance drill program at the company's 100%-held Sarvi gold project in Lapland, Finland.

The company said that the target concept for this small reconnaissance drill program was to examine interpreted regional scale structures cutting through discrete magnetic highs and magnetic gradients in the Keulakko permit on the western side of the project area.

The company further said that drill hole 25SA002 was drilled as part of a northeast-southwest oriented fence testing a structural-magnetic corridor located 250 to 500m east of the GTK holes. It stated that the drill hole 25SA002 encountered a narrow gold mineralized interval yielding 1.0 metre at 2.68 g/t Au from 51.5 metres downhole depth.

It added that the drill holes 25SA004 and 25SA005 were collared approximately 480 metres east from drill hole 25SA003. These holes were drilled in a fence towards the southwest direction and targeted interpreted regional scale structures, said the company and added that hole 25SA005 returned a single interval of low-grade gold.

The company plans to follow up this scouting drill program with additional surface sampling, detailed geophysical surveying and drilling later this year.

The company's shares were last seen unchanged at $0.64 on the TSX Venture Exchange.

Related Articles

Mining & Metals

Emerita Resources Granted Nuevo Tintillo Permit, Appoints David Patterson To Board

Emerita Resources (EMO.V) after the close Wednesday said it was been granted a renewal permit, or investigation permit, for the Nuevo Tintillo property that consists of 227 mining claims comprising 6,874.2 hectares in the Iberian Pyrite Belt in Spain's Seville Province.The company said the investigation permit is granted for a period of three years and may be renewed for additional terms prior to the expiry of each three-year period subject to satisfying the requisite regulatory conditions for an extension.Emerita said it plans a systematic exploration program that is expected to include detailed geophysical ground surveys, and geological mapping to refine the targets for a future diamond drill program.Additionally, Emerita announced that, effective immediately, David Patterson has been appointed as an independent director to the board of directors. Patterson is a seasoned mining and capital markets executive with over 30 years of experience in the financing, administration, and advancement of publicly listed mineral exploration and development companies across North America, the company said.He replaced Michael Jones who has resigned from the board.Company's shares closed up $0.02 at $0.35 on the TSX Venture Exchange on Wednesday.

$EMO.V
Mining & Metals

Patriot Battery Metals Begins Strategic Caesium Study With Koch Technology Solutions in Quebec

Patriot Battery Metals (PMET.TO) after trade Wednesday said it is starting a strategic testwork program with Koch Technology Solutions (KTS), a division of Koch Inc.The company said the program will evaluate advanced processing methods to produce caesium chemicals from pollucite concentrates at its Shaakichiuwaanaan Project in Quebec's James Bay region.The testwork is expected to run for about the next four months and will use KTS's expertise in developing and commercializing extraction technologies for critical minerals to produce value-added caesium chemical products, the company added."Through this program, PMET furthers its exposure to the significance of critical minerals in the key U.S. market, providing us with an opportunity to capture substantially greater value from this rare and strategically important discovery by working alongside a US industry participant," Chief Executive Ken Brinsden said.The company's shares closed up $0.22 to $5.46 on the Toronto Stock Exchange.

$PMET.TO
Mining & Metals

HIVE Falls After Hours As Unit Plans US$75 Million 0% Exchangeable Notes Offering

HIVE Digital Technologies (HIVE.V, HIVE) was last seen down 9.3% in after-hours Nasdaq trade after the company on Wednesday said its HIVE Bermuda 2026 subsidiary intends to offer US$75 million of 0% exchangeable senior notes due 2031 in a private placement to qualified institutional buyers.The company said the initial purchasers will have an option, exercisable within 13 days from issuance, to purchase up to an additional US$15 million aggregate principal amount of notes.Net proceeds will be used to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which will in turn use the funds for general corporate purposes, capital investment and data center development.The company's shares dropped US$0.23 at last look to US$2.24 after hours. They closed up $0.07 at $3.40 on the TSX Venture Exchange.

$HIVE$HIVE.V