Falcon Gold Corp. (TSXV: FG,OTC:FGLDF) (FSE: 3FA) (OTC Pink: FGLDF) (“Falcon” or the “Firm”) is happy to announce a Discover of Work (“NoW”) Allow has been filed on the Sunny Boy – Spitfire mission close to Merrit British Columbia. The allow permits Falcon to renew an aggressive exploration program together with trenching, diamond drilling, geophysical surveys, and web site preparation to check excessive grade constructions and broaden the recognized gold system.
“The Merritt space has a wealthy historical past of gold exploration, the place previous operators targeted totally on slender high-grade veins — overlooking the broader geological frameworks that help bigger mining widths. As new outcomes proceed to reach, our confidence within the district’s potential solely grows. Our subject staff has constructed on Falcon’s early success, advancing structural and geochemical work to outline high-priority targets. We are actually making ready an aggressive 25-hole program designed to check floor mineralization alongside the Grasp Zone forward of our inaugural drill marketing campaign. We consider the Nicola Lake area has all of the hallmarks of rising into B.C.’s subsequent vital gold camp,” commented Karim Rayani, Chief Government Officer of Falcon.
Falcons earlier work program dated August 2020 mapped and channel sampled the Grasp Vein in a blasted trench and alongside strike. The spotlight pattern averaged 59.8 g/t Au (1.74 oz/ton Au) over 2.2 m which included a 1 m interval assaying 122 g/t (3.56 oz/ton) Au. Roughly 125 m southeast alongside strike, one other channel pattern of the Grasp Vein returned a second robust assay of the vein that reported 11.4 g/t Au over 1 meter. A brand new potential vein construction, the Cliff Vein, was found down slope from the Grasp Vein, roughly 25 meters decrease in elevation. A seize pattern of the Cliff vein assayed as much as 22.8 g/t Au.
Desk of chosen assay outcomes from the Spitfire & Sunny Boy Claims 2020 sampling program.
| Station ID | Pattern # | Pattern Kind | Width(m) | Assay (g/t Au) |
Assay (oz/t Au) |
Location |
| CH20-01-01 | 467712 | Channel | 1.0 | 122.00 | 3.56 | Grasp Vein |
| CH20-01-02 | 467713 | Channel | 1.2 | 7.99 | 0.23 | Quartz stringers |
| CH20-02-01 | 467714 | Channel | 1.0 | 11.40 | 0.33 | Grasp Vein |
| Cliff Vein | 467716 | Seize | n/a | 22.80 | 0.67 | Cliff Vein |
The Spitfire & Sunny Boy Challenge
The primary recorded discoveries have been made on the Sunny Boy & Spitfire claims in 1908, which is at the moment situated within the northeast portion of the property declare block. A lot of the early exploration targeted on quartz veins that hosted gold, copper and silver. Excessive grade gold values have been reported at 124 to 127 g/t Au and 309 to 514 g/t silver (“Ag”) in quartz vein materials from underground workings by Quilchena Mining and Growth Firm Ltd. The high-grade veins have been trenched, pitted, blasted, and drilled however have by no means been commercially mined. The principle displaying, Grasp Vein, boasts high-grade gold mineralization as much as 50.53 oz/t as sampled by Ken Sanders, P. Eng in 1974. To the south-west of the Sunny Boy Zone in an space known as the “AL” displaying soil geochemistry, geophysics (magnetometer/VLF), trenching, sampling and diamond drilling have been carried out on the mineralized veins. The most effective drill outcome was reportedly 3.77 g/t Au, 0.24 % copper, and 32.9 g/t Ag over 13.4 meters.
The Sunny Boy & Spitfire discovery has been known as an epithermal gold deposit by previous operators. The gold zones are hosted throughout the Quesnellia terrane, characterised by submarine volcanic and volcaniclastic rocks of the Nicola group to the south and the Takla group within the north. The gold mineralization and geological setting of the mission bear robust similarities to different developed tasks within the area such because the epithermal gold deposits, Prospect Valley and Shovelnose, at the moment being explored by Westhaven Ventures Inc.
Falcon’s due-diligence work in 2019 confirmed the presence of gold mineralization alongside the Grasp Vein over a 300-meter strike size with samples starting from 0.33 to 2.74 ounces per ton (“oz/t”) Au. Primarily based on the sporadic previous exploration, the Firm has recognized EM and IP geophysics, structural mapping, and excavating massive floor blast pits to show insitu bedrock as the most effective method for figuring out new mineralized constructions for each gold and base metals discoveries. Falcon’s subsequent steps are to verify the extent of gold mineralization at depth. The invention of seven.99 g/t Au within the silicified wallrock might open vital new zones for our pending drill program. Moreover, the current acquisition of recent claims including 500 meters of strike size (Beforehand introduced June 4th, 2020) will additional add to the exploration potential as we proceed to press alongside strike and to depth.
Certified Particular person
The technical content material of this information launch has been reviewed and authorized by Mike Kilbourne, P.Geo., who’s a Certified Particular person as outlined by Nationwide Instrument 43-101, Requirements of Disclosure for Mineral Initiatives.
Seize samples are chosen samples and will not essentially be consultant of the mineralization hosted on the property. The QP and the Firm haven’t accomplished adequate work to confirm the historic data on the property notably concerning historic exploration, neighboring firms, and geological authorities work.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration firm targeted on producing, buying, and exploring alternatives within the Americas. Falcon’s flagship mission, 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 sources (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 often is the management for the gold deposit. The Central Gold property lies on the same main northeast-trending splay of the QFZ. The neighboring properties outcomes don’t essentially apply to the present mission or property being disclosed
The Firm holds a number of further 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 Challenge in Central Newfoundland, and most not too long ago battery metals tasks, Timmins West Nickel-Copper-Cobalt Property Ontario, Outarde Nickel-Copper-Cobalt Property, and the Nickel North property in Quebec.
Web site: www.falcongold.ca
Twitter: @FalconGoldCorp
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Cautionary Language and Ahead-Wanting Statements
This information launch could include forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work packages, geological interpretations, receipt of property titles, and many others. Ahead-looking statements tackle future occasions and situations and subsequently, contain inherent dangers and uncertainties. Precise outcomes could differ materially from these at the moment anticipated in such statements.
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