FALCON GOLD CORP.[FG-TSXV; 3FA-GR; FGLDF-OTCQB]; (” Falcon” or the “Company”) is delighted to reveal an expedition team have actually been sent out to the state-of-the-art Spitfire-Sunny Boy Project (the “Property”) near Merritt, B.C.. The Company’s very first stage revealed September 2020 achieved success in recognizing gold mineralization over a 300 m strike length. The Company’s 2nd stage is a more aggressive follow up using pack-sack drilling along the Master Vein and parallel mineralized horizons. Emphasizes of the September 2020 tasting program was a 2.2 m channel sample that balanced 598 g/t Au that included a 1m channel sample that assayed 122 g/t Au on the Master Vein. Extra highlights are tabled listed below.
Table of picked assay arise from the Spitfire & Sunny Boy Claims 2020 tasting program.
The Sunny Boy Project includes parallel low sulphidation epithermal gold bearing veins. A brand-new prospective vein structure, the Cliff Vein, was found down slope from the Master Vein, roughly 25 meters lower in elevation. A grab sample of the Cliff vein assayed as much as 228 g/t Au. To date 5 parallel vein systems have actually been taped on the Property. Get samples are chosen samples and not always representative of the mineralization hosted on the home.
Karim Rayani, Chief Executive Officer commented, “ We are enjoyed lastly send out expedition teams to act on our initial findings from in 2015. Our company believe the nature of the veining complies with a low sulfidation epithermal deposit type design that might host world class gold grades. Our preliminary stage verified the capacity of gold mine type gold mineralization. The 2nd stage is a more aggressive follow up evaluating the vein systems along strike, near surface area utilizing shallow drilling. Several veins were recognized in 2020 and we intend to confirm and verify their top-quality nature along exposed strike lengths.”
The Spitfire and Sunny Boy Project
The very first tape-recorded discoveries were made on the Spitfire & Sunny Boy declares in 1908, which is presently found in the north-east part of the home claim block. The majority of the early expedition concentrated on quartz veins that hosted gold, copper and silver. High grade gold worths have actually been reported as much as 127 g/t Au and 309 to 514 g/t silver (” Ag”) in quartz vein product from underground functions by Quilchena Mining and Development Company Ltd.. The top-quality veins have actually been trenched, pitted, blasted, and drilled however have actually never ever been commercially mined. The primary proving, Master Vein and hosts top-quality gold mineralization as much as 50.53 oz/t as tested by Ken Sanders, P. Eng in1974 To the south-west of the Sunny Boy Zone in a location described as the “AL” revealing soil geochemistry, geophysics (magnetometer/VLF), trenching, tasting and diamond drilling have actually been carried out on the mineralized veins. The very best drill outcome was apparently 3.77 g/t Au, 0.24 %copper, and 329 g/t Ag over 13.4 meters.
The Spitfire & Sunny Boy discovery has actually been described as an epithermal gold deposit by previous operators. The gold zones are hosted within the Quesnellia terrane, defined by submarine volcanic and volcaniclastic rocks of the Nicola group to the south and the Takla group in the north. The gold mineralization and geological setting of the job bear strong resemblances to other industrialized jobs in the area such as the epithermal gold deposits, Prospect Valley and Shovelnose, presently being checked out by Westhaven Ventures Inc. (Figure 1).
The technical material of this press release has actually been examined and authorized by Mike Kilbourne, P.Geo., who is a Qualified Person as specified by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has actually not finished adequate work to confirm the historical info on the homes consisting of the Spitfire-Sunny Boy Property, especially concerning historic expedition, neighbouring business, and federal government geological work.
About Falcon Gold Corp.
Falcon is a Canadian mineral expedition business concentrated on producing, getting, and checking out chances in the Americas. Falcon’s flagship task, the Central Canada Gold Mine, is roughly 20 km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which has actually presently approximated 3.32 million ounces of gold (1235 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of determined and shown mineral resources (1334 million tonnes grading 0.54 g/t gold). The Hammond Reef gold home rests on the Hammond shear zone, which is a northeast-trending splay off of the Quetico Fault Zone (” QFZ”) and might be the control for the gold deposit. The Central Gold residential or commercial property rests on a comparable significant northeast-trending splay of the QFZ.
The Company holds 7 extra jobs. The Springpole West Property in the world-renowned Red Lake mining camp; a 49%interest in the Burton Gold home with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold declares; and most just recently the Great Burnt, Hope Brook, and Baie Verte acquisitions nearby to First Mining, Sokoman-Benton’s JV, and Marvel Discovery in Central Newfoundland.
| Falcon Gold Corp.
” Karim Rayani”
Telephone: (604) 716-0551
Cautionary Language and Forward-Looking Statements
This press release might consist of forward looking declarations consisting of however not restricted to remarks relating to the timing and material of upcoming work programs, geological analyses, invoice of home titles, and so on. Forward looking declarations deal with future occasions and conditions and for that reason, include intrinsic threats and unpredictabilities. Real outcomes might vary materially from those presently prepared for in such declarations.
This press release might consist of forward looking declarations consisting of however not restricted to remarks relating to the timing and material of upcoming work programs, geological analyses, invoice of residential or commercial property titles, and so on. Forward looking declarations attend to future occasions and conditions and for that reason, include intrinsic threats and unpredictabilities. Real outcomes might vary materially from those presently prepared for in such declarations.
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