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An update from FireFox Gold ( (TSE:FFOX) ) is now available.
FireFox Gold has identified several new high-potential drill targets at its Mustajärvi Gold Project in Lapland, Finland, based on newly defined gold anomalies from base-of-till sampling and geophysical surveys located well away from previously reported high-grade zones. Notably, a base-of-till sample exceeding 100 g/t gold was discovered in an undrilled area near a key structural intersection about two kilometres southwest of prior drilling, and the company plans to test this and other geophysical anomalies as part of its ongoing 10,000-metre-plus drill campaign. In parallel, FireFox secured a new 4.32 km² exploration reservation area called Vuoma, contiguous with Mustajärvi, which provides exclusive rights to apply for an exploration permit there over the next two years, expanding the project’s footprint and underscoring the potential large-scale nature of the gold system.
The most recent analyst rating on (TSE:FFOX) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on FireFox Gold stock, see the TSE:FFOX Stock Forecast page.
Spark’s Take on TSE:FFOX Stock
According to Spark, TipRanks’ AI Analyst, TSE:FFOX is a Neutral.
The score is primarily held down by weak financial performance (no revenue, losses, and continued cash burn), with technicals also indicating a weak longer-term trend. Positive exploration-related corporate events provide some upside support, while valuation remains constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:FFOX stock, click here.
More about FireFox Gold
FireFox Gold Corp. is a mineral exploration company focused on gold projects in the Lapland Greenstone Belt of northern Finland, where it is advancing the 100%-owned Mustajärvi Gold Project through systematic drilling, geophysics and base-of-till sampling to define high-grade gold targets in a covered terrain.
YTD Price Performance: 14.77%
Average Trading Volume: 54,048
Technical Sentiment Signal: Hold
Current Market Cap: C$19.36M
For a thorough assessment of FFOX stock, go to TipRanks’ Stock Analysis page.