Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) said it has sent an exploration crew to its high-grade Spitfire-Sunny Boy project near Merritt in British Columbia. That’s after the first phase, announced a year ago, successfully identified gold mineralization over a 300 meter (m) strike length.
Falcon said the second phase is a more aggressive follow-up utilizing pack-sack drilling along the master vein and parallel mineralized horizons. Highlights of the September 2020 sampling program was a 2.2m channel sample that averaged 59.8 grams per ton (g/t) gold which included a 1m channel sample that assayed 122 g/t gold on the master vein.
The Sunny Boy project consists of parallel low sulphidation epithermal gold-bearing veins. A new potential vein structure, the Cliff vein, was discovered downslope from the master vein, approximately 25m lower in elevation. A grab sample of the Cliff vein assayed up to 22.8 g/t gold. To date, five parallel vein systems have been recorded on the property. Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property, the company cautioned.
READ: Falcon Gold says it has applied for work permits to advance Hope Brook
"We are thrilled to finally send exploration crews to follow up on our original findings from last year,” CEO Karim Rayani said in a statement.
“Our initial phase confirmed the potential of bonanza type gold mineralization. The second phase is a more aggressive follow-up testing of the vein systems along strike, near-surface using shallow drilling. Multiple veins were identified in 2020 and we aim to verify and confirm their high-grade nature along exposed strike lengths.”
According to Falcon, the Spitfire and Sunny Boy discovery has been referred to as an epithermal gold deposit by past operators.
The gold zones are hosted within the Quesnellia terrane, characterized by submarine volcanic and volcaniclastic rocks of the Nicola group to the south and the Takla group to the north.
The gold mineralization and geological setting of the project bear strong similarities to other developed projects in the region such as the epithermal gold deposits, Prospect Valley and Shovelnose, currently being explored by Westhaven Ventures Inc. (TSX-V:WHN)
Contact the author at stephen.gunnion@proactiveinvestors.com