Accesswire
14 Jul 2026, 09:30 UTC · 2h ago
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FireFox Gold is initiating a drilling campaign at the Sarvi project to test the continuity of a previous high-grade intercept of 27.48 g/t Au. — Confirmation of high-grade gold continuity at a new project significantly increases the company's asset valuation and exploration upside.
+0.60The company has surpassed its 10,000-metre drilling target at the Mustajärvi project and is working toward a maiden mineral resource estimate. — Progressing toward a formal resource estimate is a critical value-inflection point for junior miners to prove project viability.
+0.50FireFox Gold will operate two drill rigs in parallel for the first time starting in August 2026. — Increased operational capacity indicates improved financing and a faster pace of discovery/delineation.
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The company granted 1,430,000 stock options at an exercise price of $0.55, which is a premium to the previous close of $0.50. — While it signals management confidence in a price increase, option grants can also lead to future share dilution.
+0.10Which stocks this story touches
The company is expanding its drill programs, exceeding drilling targets at Mustajärvi, and initiating new work at the Sarvi project.
The company is mentioned only as the owner of the nearby Ikkari gold deposit without any specific news affecting its valuation.
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