Precious Metals

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce that exploration has commenced at the Company's 100% owned Gander North Property, with initial results now available from its reconnaissance exploration program. The project commenced in late June, with initial prospecting and till sampling. Preliminary efforts have identified numerous evidence for quartz veins, including subcrop and float. Surface samples collected to date have been submitted for assay; and initial results have returned values of up to 885 ppb gold from sub cropping quartz veins, up to 0.15% copper, and up to 26.8 gpt silver from quartz float. Several samples have returned anomalous tungsten, and further analysis is required to confirm the content. Initial results for gold are presented in figure 1. Multiple geophysical targets were identified over the project area earlier this year through review of publicly available datasets, and these will be the focus of ongoing reconnaissance. Detailed work, including systematic sampling and geological mapping will commence this fall to better define targets in advance of drilling. Work permit applications have been submitted for the drill program, and approval is pending

Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, "Excellent progress is being made at our Gander North project, preliminary results are more than just encouraging with surface samples as high as 885 ppb gold. We now have multiple geophysical targets to go after that have been identified - with the help of publicly available data sets, we have now submitted our drill plan application and are awaiting final approval for our inaugural drill campaign. This is an opportunistic time for Falcon, as we have set ourselves apart from our peers. We control a sizeable area of influence totaling 108,000 hectares when combining this with our JV partner Marvel Discovery at Baie Verte and Golden Brook the number jumps to 150,000 hectares making us one of the dominant players on the island. We look forward to reporting back on the remaining sample results with the drill permit news when received."

About the Gander North Property

The Gander North Property is comprised of 406 claims within two blocks covering 10,150 hectares, and is located in two blocks, one immediately south of Gander, Newfoundland (see figure 1), and the second block immediately east of the town. The property occurs within the Gander Zone and is proximal to the

Falcon Gold Corp., Thursday, September 15, 2022, Press release picture

Figure 1 - Initial results from 2022 sampling stations at the Gander North Property.

Dog Bay-Appleton-Grub fault system, a crustal scale zone that extends southwest from the north coast of Newfoundland for nearly 200km to Gander. Structural corridors in central Newfoundland have shown to be intimately associated with recent gold discoveries including New Found Gold's Queensway project located approximately 9km from Falcon's project, an area of considerable potential that made national headlines recently in an article by the Financial Post (https://financialpost.com/commodities/mining/eric-sprott-makes-his-biggest-bet-yet-on-what-he-believes-could-be-the-greatest-gold-discovery-in-the-history-of-canada).

Northeast trending structural lineaments first recognized by Gander Gold have returned spectacular results from soil geochemistry sampling surveys as evidenced with recent published results of 1432 parts per billion gold. These NW trending zones are interpreted to continue onto Falcon's Gander North Property. An interpretation of the regional magnetics show NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-fractures, which indicate a regional setting similar to the highly prospective eastern Exploits Subzone (see figure 2). Gold mineralization models along the Exploits Subzone are based on structural settings analogous to those reported for Fosterville in Victoria, Australia (https://exploitsdiscovery.com/projects/). Tungsten mineralization models indicate a common association with intrusion-related gold deposition that have a genetic association to felsic intrusions, particularly within cratonic margins or back-arc positions relative to continental margin arcs, or within continental collisional settings.

Reference Gander Gold: https://www.stockwatch.com/News/Item/Z-C!SASY-3181872/C/SASY

Qualified Person

Greg Robinson, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

CONTACT INFORMATION:

Falcon Gold Corp.

"Karim Rayani"

Karim Rayani
Chief Executive Officer, Director

Telephone: (604) 716-0551
Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE:Falcon Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/716202/Falcon-Announces-Initial-Surface-Sampling-Results-at-Gander-North-and-Filing-of-Drill-Permit

News Provided by ACCESSWIRE via QuoteMedia

FG:CC
Falcon Gold

Falcon Gold


Keep reading...Show less
Falcon Expands Project Portfolio into Battery Metals in Ontario and Quebec, Acquires Ni-Cu-Co Projects

Falcon Expands Project Portfolio into Battery Metals in Ontario and Quebec, Acquires Ni-Cu-Co Projects

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report it has entered into two separate arm's-length agreements, pursuant to which the company will acquire a 100-per-cent interest in two battery metals projects in the province of Ontario and Quebec, collectively known as the Timmins West and Outarde Nickel Project northwest of Baie Comeau, Quebec

The first purchase agreement covers 5 mining claims totaling 1,940 hectares within the Kamiskotia Gabbroic Complex (KGC) located 20 km northwest of Timmins, Ontario (Figure 1). The KGC is a gabbroic to anorthositic intrusive mafic to ultra-mafic body that has documented nickel-copper-cobalt (Ni-Cu-Co) mineralization. An outcrop grab sample in 2004 reported 0.44% Ni, 0.64% Cu and 0.033% Co hosted by 10% pyrrhotite. The Property lies 40 km southwest of the Crawford Ni-Co Project being developed by Canada Nickel (TSXV:CNC).

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Completes Earn in Requirements at Central Canada for 100% Control -Gold-Cobalt-Polymetallic Flagship Asset Newfoundland Exploration Underway

Falcon Completes Earn in Requirements at Central Canada for 100% Control -Gold-Cobalt-Polymetallic Flagship Asset Newfoundland Exploration Underway

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon Gold" or the "Company") is pleased to announce the completion of the option and work requirements on the Central Canada project to earn its 100% interest in the project located in the Hutchinson Township, Ontario

Falcon has completed all its cash share and exploration expenditures over the 4-year option. Falcon has the right to purchase half of the 2% NSR (Net Smelter Royalty) for a payment of $ 1,000,000, leaving the vendors with 1%. With annual production pre-payments of $ 10,000 which will be deducted against future royalty payments.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Announces Proposed Spin-Out of Latamark Resources Corp.

Falcon Announces Proposed Spin-Out of Latamark Resources Corp.

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon Gold" or the "Company") is pleased to announce its intention to spin-out (the "Spin-Out Transaction") its rights, title and interest in and to the option agreement dated January 5, 2021 between Falcon Gold, Esperanza Resources S.A. and Mr. Ivo Rojnica regarding certain mineral claims in Argentina (the "Esperanza Project") into a wholly-owned subsidiary of Falcon Gold, Latamark Resources Corp. ("Latamark

It is anticipated that the Spin-Out Transaction will be completed pursuant to a plan of Arrangement (the "Arrangement") and will be subject to TSX Venture Exchange, regulatory and court approval, as well as shareholder approval by not less than two-thirds of the votes cast at the annual general meeting (the "Meeting") of Falcon Gold shareholders expected to be held in July 2022. Full details of the Spin-Out Transaction will be included in the management information circular to be sent to Falcon Gold shareholders in connection with the Meeting. It is anticipated that Falcon Gold shareholders will be entitled to receive one common share of Latamark for every 3.5 common shares of Falcon Gold held as of the effective date of the Arrangement. No Falcon Gold options or warrants will entitle the holders to receive any shares or other convertible securities of Latamark, except to the extent such holders exercise such options or warrants, as the case may be, to acquire common shares of Falcon Gold prior to the effective date of the Arrangement. There will be no change in shareholders' holdings in Falcon Gold as a result of the Arrangement.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Appoints Glayton Dias Exploration Manager for BC & South America

Falcon Appoints Glayton Dias Exploration Manager for BC & South America

Falcon Gold Corp. (TSXV:FG), (GR:3FA), (OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce the appointment of Glayton Dias as Exploration Manager for our British Columbia and South America portfolio

Mr. Dias is a geologist with 12 years experience both domestically and internationally, developing managing and exploring mineral deposits from early-stage to mine development and 3D ore estimation. Most recently his work has been focused on the Spences Bridge Gold Belt, having been posted as a project manager for the Shovelnose Deposit currently developed by Westhaven Resources with a resource of 791,000 ounces of gold and 3,894,000 ounces of silver Indicated (Reference below). Prior to being a Project Manager for Westhaven he worked as a consulting geologist for Ximen Resources on its multi-metallic Treasure Mountain deposit, Exploration Manager for Avant and Gdgeo, leading projects in world-class deposits as Andrade (Arcelor Mittal), Germano (Samarco) and Serra das Eguas (Magnesita SA).

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Acquires Valentine Gold South Project Contiguous to Matador, Along Strike of the Valentine Gold Deposit

Falcon Acquires Valentine Gold South Project Contiguous to Matador, Along Strike of the Valentine Gold Deposit

VANCOUVER, BC / ACCESSWIRE/ March 10, 2022 / Falcon Gold Corp. (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is delighted to announce it has acquired, via staking, a very large and strategically located land position in the Valentine Lake South Area. This new land position consisting of 605 claims (15,300 hectares) is contiguous to Marvel Discovery Corp, Matador Mining, and Tru Precious Metals Corp (TRU). The Property also lies along strike from the Valentine gold deposit which hosts 6.8 million ounces of gold (Moz. Au) (all categories) and is now under development (https://marathon-gold.com/valentine-gold-project/). Falcon has immediate plans to commence high resolution magnetic surveys upon approval of exploration permits.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Corp. ("St. Anthony" or "the Company") (CSE:STAG)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce that it is pursuing the acquisition and advancement of assets in the battery metal and materials sector

STAG currently has the option to acquire 100% interest in the Burgeo Lithium asset located in Burgeo Newfoundland.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Newfoundland Discovery Expands Portfolio with Salt Property Acquisition

Newfoundland Discovery Expands Portfolio with Salt Property Acquisition

Newfoundland Discovery Corp. (CSE: NEWD) (OTC PINK: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that the Company has entered into a purchase agreement for a 100% interest in the Robinson's Salt Property (the "Property") on the southwestern coast of Newfoundland, Canada.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7129/138399_f2a075b644a649e4_002.jpg

Figure 1: Robinson's Salt Property Map in St. George's Bay, Newfoundland

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NV Gold Completes Initial Drilling Program at Sandy; Initiates First Stage Drilling Program at the Pickhandle Gold Project

NV Gold Completes Initial Drilling Program at Sandy; Initiates First Stage Drilling Program at the Pickhandle Gold Project

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that the Company has completed four Reverse Circulation ("RC") holes totaling 1,600 feet (487.7m) at the Sandy Project and has initiated a first-stage two to four-hole drilling program at the Pickhandle Gold Project in Lander County, Nevada ("Pickhandle

About the Pickhandle Gold Property

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
GOLDEN SHIELD ANNOUNCES U.S. LISTING ON OTCQB UNDER THE SYMBOL "GSRFF"

GOLDEN SHIELD ANNOUNCES U.S. LISTING ON OTCQB UNDER THE SYMBOL "GSRFF"

-- (the " Company " or " Golden Shield ") is pleased to announce that it has received approval from OTC Markets Group Inc. to commence trading on the OTCQB Venture Market (the " OTCQB ") under the symbol "GSRFF". Trading on the OTCQB will commence on September 26, 2022 . The Company will continue to trade on the Canadian Securities Exchange in Canada under the symbol "GSRI".

Golden Shield Resources (CNW Group/Golden Shield Resources)

The OTCQB quotation is expected to provide enhanced liquidity to existing Company shareholders and potential shareholders by allowing investors to execute trades of the Company's common shares in the United States and in U.S. dollars.

Leo Hathaway , Chairperson, commented "This listing on the OTCQB is an important milestone for the Company, and provides both visibility and access to U.S.-based investors. This listing should promote increased liquidity and simplify transactions for U.S. investors and allow them to participate directly in Golden Shield as we advance our exploration properties in Guyana ."

Quotes for Golden Shield's US symbol will be available once the Company's stock commences trading today on the OTCQB at https://www.otcmarkets.com/stock/GSRFF/overview .

About OTC Markets Group Inc

OTC Markets Group Inc. (OTCQX: OTCM) in New York , operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. OTCQB is recognized by the U.S. Securities and Exchange Commission ("SEC") as an established public market for the purpose of determining the public market price when registering securities for resale with the SEC, and it provides current public information to investors that need to analyze, value, and trade securities.

About Golden Shield

Golden Shield Resources was founded by experienced professionals who are convinced that there are many more gold mines yet to be found in Guyana . The company is well-financed and has three wholly controlled gold projects: Marudi Mountain, Arakaka and Fish Creek. Golden Shield continues to evaluate other gold opportunities in Guyana .

Golden Shield trades on: the Canadian Securities Exchange in Canada under the symbol "GSRI"; the OTCQB Venture Market in the USA under the symbol "GSRFF"; and the Frankfurt Stock Exchange in Europe under the symbol "4LE0".

This news release includes certain "Forward Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward looking statements or information. These forward looking statements or information relate to, among other things: the exploration and development of the Company's mineral projects; and the impact of the Company's OTCQB quotation.

Forward looking statements and forward looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Golden Shield , future growth potential for Golden Shield and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Golden Shield's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Golden Shield's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward looking statements or forward-looking information and Golden Shield has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mineral exploration activities in Guyana ; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified in the Company's public disclosure documents available on www.sedar.com . Readers are cautioned against attributing undue certainty to forward looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated, or intended. The Company does not intend, and does not assume any obligation, to update these forward looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE Golden Shield Resources

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/26/c7041.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Falcon Provides Exploration Update At Its Hope Brook Project Contiguous To Benton-Sokoman's JV, NFLD

Falcon Provides Exploration Update At Its Hope Brook Project Contiguous To Benton-Sokoman's JV, NFLD

Falcon Gold Corp. (FG:TSX-V), (3FA:GR), (FGLDF:OTCQB), ("Falcon"); and Marvel Discovery Corp. (TSX-V:MARV), (Frankfurt:O4T), (MARVF:OTCQB), ("Marvel"); and together (the "Alliance") are pleased to provide an update on their combined exploration focus for their Hope Brook Projects which are strategically located contiguous to Benton-Sokoman Joint Venture, and First Mining's ground which was recently optioned to Big Ridge Exploration. The Alliance had originally planned to complete high resolution magnetic gradiometer surveys over the project area, a proven method to distinguish structural complexities in geological terranes. Start of the survey work has been delayed due to helicopter availability from forest fires in Central Newfoundland, a state of emergency was issued. Providing the Alliance an opportunity to conduct a geophysical review and structural interpretation over the Hope Brook project area in advance of the survey and surface work. The Alliance is pleased to announce that the geophysical review has identified kilometer-scale shear zone corridors, and a major fold closure, interpreted from the magnetic patterns, within the Hope Brook Property area. These will be the focus of prospecting and till sampling projects employed to verify the structures and determine their mineralization potential. With recent success in identifying anomalous gold, tungsten, silver and copper reported by Falcon at their Gander North Property (September 15, 2022), the Alliance has shifted their exploration focus to the Gander district

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Satori Commences Fall Drilling Campaign at Past Producing Tartan Lake Gold Mine, Flin Flon, Manitoba

Satori Commences Fall Drilling Campaign at Past Producing Tartan Lake Gold Mine, Flin Flon, Manitoba

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the commencement of its fall drilling campaign at the Tartan Lake Project, Flin Flon, Manitoba.

The Company plans to test the Hanging Wall Zone (in Main Zone) to extend the significant mineralization that was intersected in hole TLMZ21-12, which returned 47.56 g/t Au over 5.8 metres, within a broader interval that averaged 23.76 g/t Au over 12.6 metres (see news release dated December 6, 2021). This intercept isthe second highest value intercept ever recorded at Tartan Lake Main Zone and the Company believes that the physical differences in lithology and mineralization tenor suggest that this could represent the upper portion of a new zone in the hanging wall of the Main Zone trend.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×