THE DRILL SERGEANT: FireFly Metals (ASX: AUT) has completed analysis for copper, gold, silver and zinc on historic 2022 drillholes at the company’s Green Bay project in Newfoundland, Canada.

FireFly Metals carried out analysis of 18 diamond drill holes completed in 2022 by the previous operator of the Ming Mine within the Green Bay project, which at the time were only assayed for copper by the previous operator.

The company said that in addition to the known high-grade copper, these new results have demonstrated quantities of precious (gold and silver) and base metals (zinc) in the high-grade VMS zone.

“These latest assays confirm there is extensive high-grade mineralisation well outside the existing Resource,” FireFly Metals managing director Steve Parsons said in the company’s ASX announcement.

“We are well into a major 40,000 metres underground drilling program designed to continue extending this known mineralisation.

“The underground exploration drive now being constructed will enable us to do this even faster, more accurately and more efficiently.

“This strategy is aimed at achieving rapid growth in the Resource, which will in turn confirm Green Bay is a major high-grade copper-gold project with extensive existing infrastructure in a tier-one location.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE