FireFly Metals (ASX:FFM) has begun a systematic regional exploration campaign after identifying several compelling copper-gold targets at the Green Bay Project in Canada.
Geophysical surveys are currently underway and a regional ground gravity program has begun with the aim of delineating near-mine exploration targets.
FireFly Metals, which has a market capitalisation of $418.21 million, conducted a detailed review of historical data which highlighted numerous geological targets considered prospective for volcanic-massive sulphide-style (VMS) mineralisation and orogenic veins-style gold deposits.
Key targets include the Rambler Main Gold-Copper Mine, which contains intersections including 25m @ 4.7 grams per tonne (g/t) gold and 0.24% copper, and remains completely open.
Managing Director Steve Parsons says the latest drilling results generated shows that the company is in the midst of an “exceptional” VMS mineralised system.
“And now we have identified a host of compelling targets, some of which we already know are strongly mineralised, nearby.
“These are high-quality prospects, and any new discoveries would have potential to drive substantial increases in the Green Bay resource at a similar high-grade.”
A drilling program is expected to begin on completion of the initial geophysical survey in the coming weeks. The program will comprise 10,000m of drilling at Green Bay, expected to begin in late 2024 or early 2025.
FireFly says drilling will initially kick off at the Little Deer Project area and will then move on the Rambler district targets.
FireFly Metals is an emerging copper-gold explorer focused on advancing its Green Bay Project which currently hosts a mineral resource of 39.2 million tonnes @ 2.1% for 811,000 tonnes of copper-equivalent.
Write to Aaliyah Rogan at Mining.com.au
Images: FireFly Metals
