Green Bay Copper-Gold Project: Six-Rig Drilling Blitz Yields Exceptional Results

The Green Bay Copper-Gold Project, located in the Baie Verte district of north-east Newfoundland, Canada, has recently completed a six-rig drilling campaign that has generated extremely high-grade results. The project, owned by FireFly Metals Ltd (ASX: FFM) (TSX: FFM), is a high-grade copper-gold Volcanogenic Massive Sulphide (VMS) deposit with significant potential for growth and expansion.

The aggressive drilling campaign aimed to extend known mineralisation, upgrade Inferred Resources to Measured & Indicated, and test new targets. The latest results from the campaign have highlighted the potential for continued Mineral Resource growth and significant increases in the highly valuable Measured and Indicated (M&I) Mineral Resource. The current Mineral Resource stands at 24.4Mt at 1.9% CuEq in M&I and a further 34.5Mt at 2% CuEq in the Inferred category.

The high-grade intersections reported in the latest results, such as:

* 10.7m @ 12.2% CuEq (9.0% Cu & 3.9g/t Au) in hole MUG24-095
* 17.3m @ 7.4% CuEq (7.0% Cu & 0.4g/t Au) in hole MUG24-089
* 12.5m @ 4.2% CuEq (1.8% Cu & 2.6g/t Au) in hole MUG24-089
* 2.3m @ 12.4% CuEq (8.2% Cu & 4.9g/t Au) in hole MUG24-098

and the thick and consistent drill intersections confirming strong FWZ mineralisation, such as:

* 58.2m @ 3.1% CuEq (2.4% Cu & 0.7g/t Au) in hole MUG24-083

indicate that there is potential for continued Mineral Resource growth and significant increases in the highly valuable Measured and Indicated (M&I) Mineral Resource. These results support the strategy to create value by extending the known mineralisation, upgrading Inferred Resources to the more valuable Measured & Indicated categories, and making new discoveries.

The aggressive drilling campaign is aimed at establishing Green Bay as a global-scale project in a tier-one location, which could drive substantial growth for shareholders. The Company remains well-funded for its accelerated growth strategy with ~A$84.1M in cash, receivables, and liquid investments at 31 December 2024.

In conclusion, the six-rig drilling blitz at the Green Bay Copper-Gold Project has returned outstanding results, with high-grade copper-gold intersections and thick FWZ mineralisation. These results have the potential to significantly impact the current Mineral Resource estimates and drive substantial growth for shareholders. The project's high-grade nature, combined with its strategic location and well-funded status, positions it as an attractive investment opportunity in the high-growth, volatile mining sector.