Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) CEO Karin Rayani joined Proactive to discuss the company’s ongoing exploration efforts at its Great Burnt copper-gold project in Newfoundland.
Rayani explained that drilling was initially delayed due to challenges with equipment and terrain, necessitating a switch to Warrior Drilling, an experienced contractor. The program targets 10 drill holes, with early results expected soon
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Karim Rayani, CEO of Falcon Gold. Karim, great to see you again. How are you?
Karim Rayani: I’m doing well.
Good to have you here. You put out some news today about your Great Burnt Copper Project in Newfoundland. Before we discuss the latest developments, can you remind everyone about this project?
The Great Burnt Copper District is a prolific copper belt in central Newfoundland. We have two companies operating to the north and south that are doing extremely well. One of them, Benton Resources, recently reported a 22-meter zone of 7.5% copper and has identified about a million tons at 3.5%. That’s better than 90% of the companies out there.
We believe we have an extension that runs north through our main zone. We had some challenges along the way, including the need to change drillers due to equipment and terrain issues. We had to bring in a highly experienced driller capable of handling this type of rock because the conditions are quite difficult.
You've now engaged Warrior Drilling for the project. The plan is to drill 10 holes. Are you targeting areas where anomalies were previously identified?
Yes, this was announced three months ago. We identified 10 targets, and we managed to drill a couple of holes before the year-end. Those results should be out in the next few weeks. The visual inspection of the rock looks very promising and closely resembles what our neighbors are seeing. We are looking forward to getting the drill program fully underway in the coming week.
Newfoundland has been an area of strong interest in recent years. While some excitement may have cooled off, would you say it remains a positive mining jurisdiction?
Timing is key. Gold just hit another record high. It has been a tough three to four years in a down cycle, but people are beginning to recognize gold’s value, similar to Bitcoin. Other commodities like copper are also a strong hedge against inflation.
And being in Newfoundland, even with tariffs, you’re operating in a stable jurisdiction.
Absolutely. Newfoundland is one of the best areas to work in. The terrain can be challenging, but from a permitting and regulatory standpoint, the government is very supportive. It’s one of the top mining regions in Canada.
Quotes have been lightly edited for clarity and style