Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) has announced the completion of a fixed-wing airborne magnetic survey over the Gaspard gold project in the Clinton Mining District of central British Columbia.
The airborne survey, covering the entire Gaspard block comprising three mineral claims totaling 3,955 hectares (ha), included 347-line kilometers of magnetic and radiometric surveying aimed at delineating and mapping subsurface features identified in previous programs, the mineral exploration company said.
"We look forward to reviewing the airborne data, and integrating this with the success of our water stream sampling program to focus in on the highest priority targets,” Falcon CEO Karim Rayani said in a statement.
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“We have potentially outlined a large gold source that is supplying six separate drainage systems. We look forward to reporting back once the data has been analyzed," he added.
On February 3, 2022, Falcon released results from its 2022 field program, which returned heavy mineral concentrates from three creek drainages which assayed 0.236 gram per tonne (g/t) gold (Au), 1.097 g/t Au and 0.525 g/t Au.
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. The total apparent length of a gold anomaly that will support an extensive drainage system at Gaspard is now 5 km in length.
The Gaspard property covers similar geology to the Spences Bridge Gold Belt (SBGB) that hosts Westhaven Gold (TSX-V:WHN) Corp's Shovelnose gold project and the Blackdome Zone gold-silver deposit owned by Tempus Resources. The property has year-round, all-season road access with a good network of active logging roads.
The SBGB forms a northwest-trending belt of Cretaceous-aged, volcaniclastic and sedimentary rocks 430 km long and up to 24 km wide extending in central British Columbia. The area’s relatively underexplored volcanic rocks are highly prospective for low-sulphidation epithermal gold mineralization, according to Falcon.
Contact the author at jon.hopkins@proactiveinvestors.com