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An announcement from FireFox Gold ( (TSE:FFOX) ) is now available.
FireFox Gold reported its first high‑grade gold intercept from a new target at the western end of its 100%-owned Sarvi project in Lapland, with drill hole 25SA003 returning 1.75 metres averaging 27.48 g/t gold, including 0.8 metres at 53.50 g/t from 73.4 metres depth, hosted in a sulphide-rich breccia zone. The result confirms a key gold-bearing structure nearly two kilometres from previous drilling and close to the neighbouring Ikkari deposit, positioning Sarvi alongside Mustajärvi and Jeesiö as projects with high-grade gold occurrences and potentially enhancing FireFox’s exploration upside in a district that includes Europe’s largest gold mine, while investors await assays from three additional Sarvi holes and ongoing drilling at Mustajärvi.
The most recent analyst rating on (TSE:FFOX) stock is a Hold with a C$0.52 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 Lapland, northern Finland. The company’s portfolio includes the Sarvi, Mustajärvi and Jeesiö projects, which are largely underexplored volcanic rock packages within the Kittilä Suite, a region that also hosts major deposits such as Agnico Eagle’s Kittilä Gold Mine and Rupert Resources’ Ikkari deposit.
Average Trading Volume: 58,653
Technical Sentiment Signal: Buy
Current Market Cap: C$20.7M
Learn more about FFOX stock on TipRanks’ Stock Analysis page.