FireFly Metals Ltd. has uncovered a significant greenfields discovery at its Green Bay copper-gold project in Newfoundland, Canada, intersecting a new copper and gold-rich volcanogenic massive sulphide (VMS) system at the Mount Joy prospect.
The initial drill hole at the prospect, FFR26-071, returned a shallow, wide intercept of 22.5 metres at 2.5 per cent copper equivalent from 109 metres, including 9 metres at 3.9 per cent copper equivalent. Subsequent step-out drilling intersected roughly 40 metres of semi-massive sulphides, with assay results pending.
Downhole electromagnetic surveys indicate further conductive targets off-hole, highlighting broader exploration potential across the site.
The mineralisation shares strong similarities with other major regional deposits, including the Ming Mine, which holds a Measured and Indicated resource of 57.4 million tonnes at 2.4 per cent copper equivalent.
FireFly Managing Director Steve Parsons noted that Mount Joy demonstrates high grades over substantial widths within a district-scale system, reinforcing plans to drive resource growth and extend mine life
“Mount Joy is a significant discovery for several reasons,” Parsons said.
“It is already clear that the prospect contains high grades and substantial widths of mineralisation within a larger district-scale VMS system.
“This discovery also underscores the immense potential of the pipeline of geophysical and geochemical targets we have identified at Green Bay.”
Three surface rigs are continuing regional drilling across the property. FireFly expects to deliver an updated mineral resource estimate and a feasibility study for the Green Bay project in the first quarter of 2027, ahead of an anticipated final investment Decision in mid-2027.
The company remains well-capitalised to fund its exploration and early works, holding approximately AU$368 million in cash and liquid investments as at 31 July.
