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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The Vancouver-based company shared that there is compelling evidence for the presence of similar lithologies and structures within its Hope Brook deposit
The company said the project presents a “tremendous opportunity to explore for potential bonanza-grade with epithermal low to intermediate sulfidation gold-silver, and porphyry copper-molybdenum mineralization in one of south Americas great
Sampling conducted on the JJ Walshe mine trend returned five grab samples ranging from 11.2 grams per ton gold to 79.7 grams per ton gold
"This newly-expanded ground could not have happened at a more precise time; Benton-Sokoman just announced a 2.2-kilometre long, 0.85 km-wide meter dyke system called the "Kraken Pegmatite System Swarm”,” said CEO Karim Rayani
The exploration firm said it plans to spin out its Esperanza gold-silver-copper asset in Argentina’s southern La Rioja province into Latamark Resources and is in the initial stages of preparing the necessary reporting requirements needed fo
Falcon said the second phase is a more aggressive follow up utilizing pack-sack drilling along the master vein and parallel mineralized horizons
The recently filed initial permits will support the first phase of exploration which includes high resolution magnetic gradiometry surveys, a proven method to sort the structural complexities in geological terranes
The Great Burnt belt hosts the so-called Great Burnt Copper Zone, which has an indicated resource of 381,300 tonnes at 2.68% copper and inferred resources of 663,100 tonnes at 2.10% copper
The Baie Verte Peninsula, in the Central Newfoundland Gold Belt, currently hosts all of Newfoundland's gold production
Falcon will be conducting prospecting, field reconnaissance mapping and sampling on the 3,955 hectare property in the Clinton Mining District
The proposed program would work in conjunction with a private placement completed in July that offered 5,750,000 units priced at $0.08 each
The company has staked a total of 996 claims over 24,900 hectares which are strategically located and contiguous to First Mining Gold, Sokoman Minerals-Benton joint venture, and to Marvel Discovery
The company said it expects to begin phase 3 drilling shortly with the intent of targeting the gold mineralization in the shaft area and to test other gold zones
LatamARG will be headed by country manager Juan Carlos Navas Diaz, a Venezuelan citizen with permanent residence in Argentina
The Central Canada Gold Mine is around 20 kilometres south east of Agnico Eagle's Hammond Reef gold deposit
New results included an intersection of 10.80 grams per tonne gold over a length of 30 centimetres
Preliminary results for three drill holes included a visible gold sample that assayed 20.5 grams per tonne over 0.3 metres
ERSA is located within the renowned Sierra de Las Minas District of southern La Rioja province, home to several past producing gold and silver mines
The claims are thought to cover similar geology to the nearby Spences Bridge gold belt that is home to a number of significant developing gold projects
From its two drill campaigns in 2020, the company sank 17 holes for 2,942.5 metres of core and has shipped 780 samples for analyses and assays
