Falcon Gold reports “visible gold” in latest drill results from its Central Canada Gold mine in Ontario
The company says the discovery of visible gold at its flagship Central Canada gold mine project further validates its geological model
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 company says the discovery of visible gold at its flagship Central Canada gold mine project further validates its geological model
The company said the drilling will supplement previous programs in order to undertake a preliminary resource estimate for the Central Canada mine
The company has concluded the first-round summer drilling program comprising seven holes and totaling 1,055 meters
Balderson has over 20 years of capital markets experience and has worked in both public and private practice
ProspectAir of Gatineau, Quebec has been hired for the job, which consists of high-resolution airborne magnetics and time-domain electromagnetic data collection over 1510-line kilometers at 100 metre (m) spacing
Each of the three holes drilled by Falcon, along with three historical drill holes completed in 2012 by TerraX Minerals, intersected the gold mineralized zone
Falcon noted that First Mining's deposit was regarded as one of the largest undeveloped gold projects in Canada, and its new asset contains the same geological terrain
Results from a sampling program point to three target areas of highly prospective low-sulphidation epithermal gold mineralization and potential feeder zones