FireFly Metals advances Green Bay study as high-grade drilling strengthens early production case - ICYMI

FireFly Metals Ltd (ASX:FFM, TSX:FFM, OTC:FFMFF) earlier this week outlined further progress at its Green Bay Copper-Gold Project in Newfoundland and Labrador, where continued high-grade drilling is being incorporated into an updated mineral resource estimate and an upcoming economic study.

Managing director Steve Parsons said drilling at the Ming underground mine had returned some of the highest-grade copper and gold intersections recorded on the property to date.

Parsons said the results included broad intersections of approximately 30 to 50 metres at grades ranging from about 4% to 6% copper equivalent.

He added that the results were supporting the conversion of more of the project’s approximately 80-million-tonne resource into the measured and indicated categories.

“The grade seems to be getting better and better,” Parsons said.

A key potential catalyst is the release of the updated resource and preliminary economic assessment and scoping study, which is targeted for August 2026.

The study will assess an upscaled restart of production at Green Bay and is expected to place particular emphasis on the project’s high-grade Core Zone.

Parsons said the Core Zone contained nearly 20 million tonnes grading close to 4% copper equivalent.

He described the deposit as primarily a copper orebody with a gold credit, with copper accounting for most of the metal value.

FireFly Metals expects the high-grade material to play an important role during the early years of a potential mining o...