-- FireFly Metals (FFM.TO) outlined "outstanding" drill results from the Green Bay copper-gold project in Newfoundland and Labrador, as part of the company's quarterly activities report released late Wednesday.
Highlights include 70.8 meters at 4.0% copper equivalent and 53.3 meters at 4.1% copper equivalent.
The results are expected to drive an upcoming resource update in June. A preliminary economic assessment/scoping study is on track for completion in mid-2026, FireFly said.
The current resource estimate for the projects outlines 50.4 million tonnes grading 2.0% copper equivalent in the measured and indicated categories, plus 29.3 million tonnes at 2.5% copper equivalent in the inferred category.
FireFly has completed about 174,000 meters of underground diamond core drilling at the Ming Mine, the project's flagship deposit, since acquiring the property in October 2023.