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High-grade assays super-charge FireFly's Green Bay restart case
FireFly Metals reports 42m @ 6.1% CuEq and 9.8m @ 16.5% CuEq at Green Bay, feeding into economic studies. The high-grade core zone could boost early production economics.
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FireFly Metals has released more drilling results from its Green Bay copper-gold project in Newfoundland, and the numbers are hard to ignore. The company reported 42 metres grading 6.1% copper-equivalent and a separate 9.8-metre intersection at 16.5% CuEq. Both come from the high-grade core zone that FireFly is targeting for an upscaled restart.
These assays will feed into the economic studies now being completed. The core zone already holds 8.8 million tonnes at 3.9% CuEq in the measured and indicated category, with another 10.9 million tonnes inferred. The continuity of high-grade material at depth and along strike matters because it lets the mine plan pull higher grades early in the production schedule. That improves payback periods and project returns.