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FG: TSXV
3FA: FRA
Falcon Gold Corp. (TSXV: FG,OTC:FGLDF) (FSE: 3FA) (OTCQB: FGLDF) (“Falcon” or the “Firm”) is happy to announce it has submitted an Exploration Allow Utility to the Ontario Ministry of Vitality and Mines for its 100%-owned Central Canada Gold Undertaking, positioned close to Atikokan, Ontario. The allow will enable Falcon to drill as much as 20 diamond drill holes targeted on increasing identified gold zones and testing newly outlined high-priority targets recognized by way of the Firm’s 2021 exploration program.
Karim Rayani, President and CEO of Falcon Gold, commented:
“The submission of our Exploration Allow represents the following step in unlocking the size potential of the Central Canada Gold Undertaking. Our prior drilling confirmed a number of high-grade intercepts and continuity alongside a 1.6-kilometre hall inside a confirmed gold-bearing construction. We consider we’re solely starting to know the dimensions of this method — and with our Section III program, we intention to attach the historic mine zones with newly outlined gold mineralization alongside strike.”
This system marks the following step in Falcon’s technique to systematically advance and develop the Central Canada Gold System, which hosts each historic mine workings and broad zones of near-surface gold mineralization. Falcon has retained Bjorkman Prospecting Inc. to steer the allowing course of and handle drilling operations.
Strategic Location in Ontario’s Rising Gold Hall
The Central Canada Undertaking is positioned 20 kilometres southeast of Agnico Eagle Mines’ Hammond Reef deposit, which hosts 3.3 million ounces of gold in open pit possible mineral reserves and a pair of.3 million ounces of measured and indicated mineral assets1. The undertaking lies inside the Marmion Terrane — the identical Archean crustal block that hosts Hammond Reef — and is underlain by a northeast-trending splay of the Quetico Fault Zone, a significant regional gold-bearing construction.
Section III Drilling to Construct on Excessive-Grade Outcomes
The newly submitted allow helps Falcon’s Section III drilling, focusing on 1.6 kilometres of strike size alongside the historic Central Canada Mine Development. This system will observe up on Falcon’s Section I and II drilling campaigns (2020–2021), the place 15 of 17 drill holes intersected gold mineralization from floor to depth.
Highlighted intercepts embody:
- 10.17 g/t Au over 3.0 m beginning at 67.0 m depth (DH CC20-01)
- 2.8 g/t Au over 7.5 m beginning at 158.1 m depth (DH CC20-09)
- 1.57 g/t Au over 14.8 m beginning at 89.6 m depth (DH CC-2012)
- 18.6 g/t Au over 1.0 m beginning at 104.0 m depth (intersection with seen gold in DH CC-20-01)
These outcomes affirm the J.J. Walshe and parallel zones as a part of a steady gold system, open alongside strike and at depth. Falcon’s subsequent section will check new structural targets and potential extensions of the high-grade shoots that stay untested beneath the historic workings.
Falcon is working aggressively to resume and develop current permits throughout its portfolio; earlier drilling was halted due a sequence unlucky forest fires and flooding. The Central Canada undertaking is Falcons most superior stage undertaking.
Advancing a Confirmed Gold System
The historic Central Canada Mine produced gold within the early 1900s from a shaft and underground workings developed on quartz vein methods as much as 2 metres broad. Falcon’s latest work demonstrates that gold mineralization extends effectively past the previous workings, hosted inside sheared volcanic rocks and banded iron formations — a geological setting akin to Hammond Reef and different main Archean gold methods within the area.
Company Replace
The Firm additionally notes it has elected to not renew its property choice on the Viernes undertaking positioned in Chile as a part of a strategic resolution to consolidate operations in Canada. The prices related to sustaining a Chilean workplace and working in that jurisdiction weren’t aligned with Falcon’s near-term priorities. This permits the Firm to redirect capital and administration focus in the direction of our Canadian property, the place Falcon sees stronger long-term worth and a extra mining pleasant atmosphere.
Certified Individual
The technical content material of this launch has been reviewed and authorised by Mike Kilbourne, P.Geo., a Certified Individual as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives.
References:
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration firm targeted on producing, buying, and exploring alternatives within the Americas. Falcon’s flagship undertaking, the Central Canada Gold Mine, is roughly 20 km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which at the moment has an estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves and a pair of.3 million ounces of measured and indicated mineral assets (133.4 million tonnes grading 0.54 g/t gold). Ref: https://www.agnicoeagle.com/English/exploration/exploration-projects/Hammond-Reef/default.aspx The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone (“QFZ”) and will be the management for the gold deposit. The Central Gold property lies on an identical main northeast-trending splay of the QFZ. The neighboring properties outcomes don’t essentially apply to the present undertaking or property being disclosed
The Firm holds a number of extra tasks: a 49% curiosity within the Burton Gold property with Iamgold close to Sudbury Ontario; Spitfire-Sunny Boy, claims in B.C.; Nice Burnt Copper-Gold Undertaking in Central Newfoundland, and most lately battery metals tasks, Timmins West Nickel-Copper-Cobalt Property Ontario, Outarde Nickel-Copper-Cobalt Property, and the Nickel North property in Quebec.
Cautionary Language and Ahead-Wanting Statements
This information launch might include ahead trying statements together with however not restricted to feedback relating to the timing and content material of upcoming work applications, geological interpretations, receipt of property titles, and so on. Ahead trying statements deal with future occasions and situations and due to this fact, contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at the moment anticipated in such statements.
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/falcon-gold-targets-expansion-of-high-grade-gold-system-with-new-exploration-permit-application-at-central-canada-project-ontario-302611761.html
SOURCE Falcon Gold Corp.
View unique content material to obtain multimedia: http://www.newswire.ca/en/releases/archive/November2025/11/c3854.html
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