VANCOUVER, BC, Jan. 25, 2021 /CNW/ - FireFox Gold Corp.
("FireFox" or the "Company") is pleased to announce two additions
to its exploration team in Finland. Dr. Sven Hönig joins the
team as General Manager of Exploration, responsible for executing
the Company's gold discovery strategy in Finland. Dr. Hönig will report directly to the
President and CEO. Mikko Nenonen is
the new Exploration Manager and will be leading the Company's
exploration projects and reporting to Dr. Hönig. Dr. Petri Peltonen, formerly the Exploration
Manager, will continue with the Company as a Technical Advisor.
FireFox CEO Carl Löfberg
commented, "We thank Petri for his many contributions to our
progress in Lapland, and we look forward to his continued input as
part of our outstanding technical advisory team. We are pleased to
welcome Sven and Mikko, both of whom bring excellent technical
skills and a commitment to discovery. Sven's structural geology
skills will be a most welcome addition to our technical
team."
Dr. Hönig brings more than 12 years of diverse international
mineral exploration experience, most recently as Senior Geologist
for Kazzinc, a large-scale fully integrated producer of zinc, lead,
copper and gold that is 69.7% held by Glencore. Sven has a strong
background in structural geology and interpretation that he has
applied to a variety of deposit types, including orogenic and
intrusion-related gold. He also spent time on FireFox's projects
while working with GoldSpot Discoveries Corp. during a
collaborative evaluation and targeting exercise. Having acted as
chief geologist, project manager and project geologist, he has
participated in all aspects of exploration, in projects ranging
from grass roots to advanced stage. Sven is fluent in English,
Russian, Czech and Slovak. He holds a doctorate from Masaryk
University, Brno, Czech Republic,
where he studied mineralized subvolcanic systems. He is a fellow of
the Society of Economic Geologists, the Society for Geology Applied
to Mineral Deposits, the Geological Society of London, and Czech Association of Economic
Geologists.
Mr. Nenonen adds a strong background in of all aspects of
mineral exploration in Finland,
particularly in the Lapland region where FireFox is focusing its
exploration efforts. Since 2018, Mikko has worked as a geologist on
a variety of gold, nickel-copper and vanadium projects for Magnus
Minerals Ltd. ("Magnus"), a highly successful private Finnish
mineral prospect generator. Magnus provides technical services to
FireFox, and as such, Mikko has been a part-time project geologist
to FireFox for over two years, managing many aspects of both the
exploration programs and stakeholder engagement. Prior to his work
with Magnus, Mikko garnered gold experience exploring the Kittilä
region of Lapland with Agnico Eagle Finland. Mikko is a native
Finnish speaker who is fluent in English and proficient in Swedish.
He holds a Master of Science in Geology and Mineralogy from the
Faculty of Technology at the University of Oulu.
Corporate Update
In association with these appointments, FireFox also announces
that the Board of Directors has approved the grant of stock options
to certain officers, employees, and consultants of the Company
allowing for the acquisition of up to, in the aggregate, 300,000
shares of the Company. The grant is pursuant and subject to the
terms and conditions of the Company's existing stock option plan.
The options are exercisable at a price of $0.205 per share for a period of five years from
the date of grant and are subject to the approval of the TSX
Venture Exchange and all regulatory approvals.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Venture stock exchange
under the ticker symbol FFOX. The Company has been exploring for
gold in Finland since 2017 where
it holds a project portfolio that includes over 170,000 hectares of
prospective ground.
Finland is one of the top
mining investment jurisdictions in the world as indicated by its
multiple top-10 rankings in recent Fraser Institute Surveys of
Mining Companies. Having a strong mining law and long mining
tradition, Finland remains
underexplored for gold. Recent exploration results in the country
have highlighted its prospectivity, and FireFox is proud to have a
Finland based CEO and technical
team.
For more information, please refer to the Company's website and
profile on the SEDAR website at www.sedar.com.
On behalf of the Board of Directors,
"Carl Löfberg"
Chief Executive Officer
Forward Looking Statements
The information herein contains forward looking statements that
are subject to a number of known and unknown risks, uncertainties
and other factors that may cause actual results to differ
materially from those anticipated in our forward-looking
statements. Factors that could cause such differences include:
changes in world commodity markets, equity markets, the extent of
work stoppage and economic impacts that may result from the COVID
19 virus, costs and supply of materials relevant to the mining
industry, change in government and changes to regulations affecting
the mining industry.
Forward-looking statements in this release may include
statements regarding: the current and future work program,
including the extent and nature of exploration to be conducted in
2020, as well as the planned drilling meterage on the properties
described. Although we believe the expectations reflected in our
forward-looking statements are reasonable, results may vary. The
forward-looking statements contained herein represent the
expectations of FireFox as of the date of dissemination and,
accordingly, are subject to change after such date. Readers should
not place undue importance on forward-looking statements and should
not rely upon this information as of any other date. FireFox does
not undertake to update this information at any particular time
except as required in accordance with applicable laws.
SOURCE FireFox Gold Corp.