FireFly finds copper-gold system near idle mill
The discovery gives FireFly another target to test alongside its proposed Ming restart and expansion.
FireFly Metals discovered a copper-gold system near its dormant Nugget Pond mill in Newfoundland, which could potentially enhance its Green Bay development plans. The new prospect, named Mount Joy, was found 35 km east of the main Green Bay deposit, Ming mine. The hole, FFR26-071, cut 22.5 meters grading 1.87% copper and 0.64 grams gold per tonne from 109 meters downhole.
The discovery is located just 2.6 km from the Nugget Pond mill, providing FireFly with another target to evaluate alongside its proposed Ming restart and expansion. According to BMO Capital Markets analyst Rene Cartier, the discovery indicates promising regional exploration potential at Green Bay. The Mount Joy intercept included nine meters grading 2.95% copper and 0.95 grams gold from 112 meters.
Additional follow-up holes, FFR26-076 and FFR26-076, are expected to provide further insights, with assays anticipated in approximately four weeks.
Written by urgent.news from Mining.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
