Multiple high-grade copper & gold drill results at Green Bay
| Stock | Firefly Metals Ltd (FFM.ASX) |
|---|---|
| Release Time | 9 Oct 2025, 8:59 a.m. |
| Price Sensitive | Yes |
Multiple high-grade copper & gold drill results at Green Bay
- Latest drill results demonstrate continuity, quality and scale of copper and gold mineralisation
- Infill drilling returns exceptional high-grade intersections, including 4.4m @ 19.5% CuEq
- Broad intersections of Footwall Zone style copper mineralisation highlight potential for large-scale bulk mining
FireFly Metals Ltd has reported further high-grade copper and gold drill results from its underground drilling at the Green Bay Copper-Gold Project in Canada. The latest infill drilling results demonstrate the continuity, quality and scale of the copper and gold mineralisation at Green Bay. Drilling targeting the upper high-grade copper and gold rich Volcanogenic Massive Sulphide (VMS) zones returned exceptional intersections, including 4.4m @ 19.5% CuEq, 10.1m @ 10.1% CuEq and 8.0m @ 8.6% CuEq. Additional drilling of the broad copper stringer Footwall Zone (FWZ) continues to highlight thick zones of mineralisation that are likely suitable for large-scale bulk mining, with intersections such as 117m @ 2.1% CuEq, 51.9m @ 2.0% CuEq and 22.1m @ 4.9% CuEq. The infill drilling results suggest a significant increase in the higher confidence Measured and Indicated (M&I) Mineral Resource category may be expected in the upcoming Mineral Resource Estimate update. The Company also has an active regional exploration programme underway, with two diamond drill rigs now on site and ready to accelerate the regional discovery campaign.
FireFly expects the upcoming Mineral Resource Estimate update to show a significant increase in the higher confidence Measured and Indicated (M&I) Mineral Resource category, which will underpin preliminary economic studies scheduled for completion in Q1 2026.
FireFly is well funded to accelerate its growth campaign and engineering studies, with a recent well-supported equity raising strengthening the Company's balance sheet to ~A$145 million. The Company plans to continue generating strong news flow as it seeks to drive Mineral Resource growth and unlock more value from its increasingly valuable copper and gold asset in a tier-one location.