Project Overview

The 100%-owned Forrestania Gold Project is located approximately 380km east of Perth in Western Australia.

Firefly’s tenure comprises over 1,000 square kilometres of tenements focused on the well-endowed southern Forrestania Greenstone Belt, a 100km long, north-to-south package of variously metamorphosed mafic/ultramafic/volcano-sedimentary rocks host to the historic 1Moz Bounty gold deposit, the operating Flying Fox and Spotted Quoll nickel mines, and the more recently discovered Earl Grey lithium deposit.

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Firefly differentiates itself from previously active explorers in the Forrestania greenstone belt through its focus on gold and specifically favourable structural pathways and trap-sites for high-grade gold, rather than the historic Banded-Iron Formation, or “BIF-hosted” gold model.

The recent discovery of two new structural gold positions at Gemcutter and Crossroads in previously overlooked areas provides strong evidence that the structural gold model employed by Firefly is valid and delivering results. As well as further expanding these two initial discoveries, Firefly believes there are substantial areas of 100%-owned Firefly tenure that could yield similar discovery and growth opportunities – such as the Kit Kat gold prospect in the south of Forrestania that sits astride a ~30km long sheared “structural corridor”.

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Gemcutter Gold Prospect

The Gemcutter Prospect is an intrusive-associated structural gold discovery on the Gem Mining Lease, M77/549, on the eastern side of the Forrestania Gold Project.

The first gold-focused RC drilling program undertaken by the company on the Gem Mining Lease returned 21m @ 3.20g/t gold from 34m, including 3m @ 4.58g/t and 1m @ 33.10g/t (GPRC0041).

Subsequent drill-holes GPRC0042 and GPRC0046, drilled on the same section (35-50m spacing) and down-dip of the discovery hole, also intersected thick, shallow gold mineralisation in a pervasive chlorite alteration/quartz vein zone sitting on a shallow west-dipping ultramafic/mafic contact.

Gemcutter is an emerging shallow high-grade structural gold discovery made by the Firefly technical team in an area overlooked by previous explorers.

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Crossroads Gold Prospect

The Crossroads Prospect is located on the eastern margin of the Forrestania belt and was developed from historical private data purchased from local landholders in 2018. After analysing the data and discussions with the previous landholders, Firefly’s geology team identified a potential NW-SE trend to drill test.

The first east-dipping RC drill-hole completed by Firefly at this target intersected 1m @ 15.70g/t from 20m down-hole (CRRC0001). The high-grade structural gold is hosted in steeply west-dipping quartz veins within a weakly to moderately altered mafic unit adjacent to and overlying a strongly deformed granite.

Further drilling on a section 100m to the north, along the NW-SE structural trend, intersected 1m @ 16.70g/t from 73m down-hole (CRRC0006) quickly followed by additional success 200m north-west intersecting a further 2m @ 3.51g/t,  including 1m @ 6.29g/t from 23m down-hole (CRRC0005).

Like the Gemcutter discovery, the Crossroads prospect is a developing shallow high-grade structural gold discovery with good potential to grow and deliver further positive results.

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Kit Kat Gold Prospect

The Kit Kat Prospect is located within a 25km long structural corridor in the south of the Forrestania greenstone belt. The geological potential of the area is demonstrated by the emerging Kat Gap high-grade gold prospect to the north (owned by Classic Minerals) and the historical high-grade quartz-vein-hosted Hatters Hill gold field (owned by Western Areas) to the south.

Following ground based geophysics and shallow soil sampling, a small reconnaissance RC drilling program at the Kit Kat prospect intersected very low grade gold values as well as magnetite alteration across the targeted structures. The magnetite alteration may be associated with pervasive metal-rich fluids flowing down the structural corridor and may be a potential indicator of nearby high-grade gold mineralisation. Further targeting work is underway.

Registered Office Address

T2 64-68 Hay Street
Subiaco WA 6008

Office Phone Number

+61 8 9322 2338

Contact Email Address

info@fireflyresources.com.au

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Registered Office Address

T2 64-68 Hay Street
Subiaco WA 6008

Office Phone Number

+61 8 9322 2338

Contact Email Address

info@fireflyresources.com.au

Corporate Directory

Share Registry
& Auditor