Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) has upped its territory in Quebec with the acquisition of 413 claims covering 22,302 hectares of strategic ground, the company announced.
The company utilized an option agreement as well as staking contiguous and proximal to Go Metals Corp’s Havre St. Pierre platinum group elements project. The staking covers approximately 135 kilometers of prospective contact of the Havre St. Pierre Anorthositic Complex (HSAP), where Go Metals recently discovered “wide intervals of nickel and copper sulphides”, according to a company statement.
The westernmost block of the claims, covering the southwest extension of an anorthositic complex, is located on a prospective fold nose structure and sits less than 2.2 kilometers from prominent airborne TDEM (time-domain electromagnetics) anomalies identified by Go Metals.
READ: Falcon Gold completes airborne survey over Gaspard project in central British Columbia
"Falcon continues to build shareholder value thinking outside the box,” CEO Karim Rayani said in a statement. “Over the last six months, we have expanded our property portfolio with a focus on battery metals in both Northern Quebec and Timmins Ontario. Our first acquisition was the Outarde Project in Quebec within the De La Blanche Mafic Plutonic Suite within a similar geological environment as the Havre St. Pierre intrusive complex.”
Additional staking by Falcon Gold includes four target areas along the regional geological contact between the Havre St Pierre anorthosite and adjacent ferro-diorite/gneiss units. This regional contact has been recognized by Go Metals as an important target area, where the company continues to stake and acquire ground, according to a press release dated September 26.
“The recent success of Go Metals in the HSP demonstrates these intrusive complexes are excellent hosts for (nickel-copper) mineralization,” Rayani said. “Our immediate exploration plans include airborne TDEM surveys similar to Go Metals' strategy in outlining targets of high merit."
Potential also exists for magmatic iron-titanium in the HSP, the company said. Another explorer, Rio Tinto has staked a magnetic low south of the Havre St Pierre anorthositic complex, and its Lac Tio Mine located 100 km south of Falcon's HSP property produces titanium dioxide.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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