Falcon Gold says it is positioned for success as potential discoveries are made across its portfolio of projects
Falcon Gold said that its annual general meeting would be held on August 10, 2022
Company
CVE:FG
Falcon Gold Corp is a Canadian mineral exploration company with a primary focus on generating, acquiring, and exploring opportunities in the Americas. The company’s flagship project, the Central Canada Gold Mine, is located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit. The Hammond Reef Gold Deposit currently has estimated mineral reserves of 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) and measured and indicated mineral resources of 2.3 million ounces (133.4 million tonnes grading 0.54 g/t gold).
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Falcon Gold said that its annual general meeting would be held on August 10, 2022
"Falcon continues to build value for stakeholders and is pleased to add these ‘green metal' projects to our portfolio," CEO Karim Rayani said
Exploration will consist of baseline prospecting, soil sampling, and trenching to vector future drill targets
The mineral exploration company also said it has the right to purchase half of the 2% Net Smelter Royalty for a payment of C$1 million, leaving the vendors with 1%
Falcon Gold CEO Karim Rayani said the spin-out would enable the company to expand into new jurisdictions while allowing Falcon to focus on its Canadian portfolio
The company said Dias's knowledge and experience in precious and base metal projects on high-grade epithermal low sulfidation including porphyry copper-gold geology will add value as it restarts operations at both the Spitfire-Sunny Boy and
This new land position called Victoria West consists of 166 claims over 4,150 hectares and is contiguous to Marvel Discovery, Benton Resources, and Buchans Minerals
The company, in anticipation of the Phase III program, has also filed an additional drill permit to target the J.J. Walshe mine trend where recent sampling of a new zone returned results from 11.2 grams per tonne (g/t) gold (Au) to 79.7 g/t
The new land position consisting of 605 claims (15,300 hectares) is contiguous to Marvel Discovery, Matador Mining, and Tru Precious Metals
The Vancouver, British Columbia-based company said that it has implemented a diversification strategy by acquiring the Esperanza Gold concessions covering an aggregate area of 10,303 hectares
Results from the company's 2022 field program show heavy mineral concentrates from three creek drainages grading 0.236 grams per ton (g/t) gold, 1.097 g/t gold and 0.525 g/t gold
“We are excited to finally test the historic Central Canada Mine Zone to a new target depth between 300-400m, not previously done by past operators,” the company’s CEO Karim Rayani said
The company said the stream sediment samples were collected over 3 kilometres (km) southeast of previous and historical anomalous stream samples taken in 1990 from four parallel drainage patterns
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The Viernes project encompasses 13 claim blocks covering 3,300 hectares and is adjacent to Yamana Gold's El-Peñón gold and silver mine
The new acquisition includes 10,150 acres contiguous to the Gander North project owned by Sassy Resources, and 25 kilometres from New Found Gold’s flagship Queensway project
Falcon continues to build value for stakeholders by acquiring, advancing, and exploring opportunities in the Americas
The claims encompass 13 blocks covering 3,300 hectares (Ha) and the western portion of the project offers prospectivity for epithermal gold veins evidenced by outcrops of the Chile-Alemania Paleocene volcano-stratigraphic sequence - the sam
The work included grab sampling and so-called backpack drilling (using a small portable drill) and was designed to test six subparallel vein structures, which had been identified at the project previously
The group's flagship project is the Central Canada gold mine project, which lies 160 kilometres west of Thunder Bay, Ontario