Falcon Gold (TSXV:FG)

Falcon Closes Third Tranche of Private Placement

FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that it has closed the third tranche of its previously announced non-brokeredprivate placement (the "Private Placement") through the issuance of 600,000 flow-through shares of the Company (the "FT Shares") at $0.05 per FT Share for gross proceeds of $30,000 (the "Third Tranche"). The gross proceeds from the Third Tranche will be used for the exploration and development of the Company's British Columbia, Ontario, Newfoundland, and Quebec projects to incur Canadian Exploration Expenses (CEE) and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada).

All securities issued pursuant to the Third Tranche will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to final acceptance of the TSX Venture Exchange.

CONTACT INFORMATION:

Falcon Gold Corp.

"Karim Rayani"

Karim Rayani

Chief Executive Officer, Director

Telephone: (604) 716-1036

Email: info@falcongold.ca

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.

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

Click here to connect with FALCON GOLD CORP. (FG:TSXV, 3FA:GR, FGLDF:OTCQB) to receive an Investor Presentation

FG:CC
The Conversation (0)
Falcon Commences Drilling At Its Great Burnt Copper Project, NL

Falcon Commences Drilling At Its Great Burnt Copper Project, NL

Falcon Gold Corp.(TSXV:FG)(3FA:GR)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report drilling has commenced at our Great Burnt Copper Project (the "Property") located in Central Newfoundland. The Company has completed 8kms of additional road to the drill site from the government access road which we share Benton Resources

Karim Rayani, Chief Executive Officer and director stated: "We are excited to have our inaugural drill campaign underway at our Great Burnt Project. The magnetic signature suggests that Falcon controls the northern extension of the same magnetic feature that Benton Resources has had recent success in drilling and sampling. We will be initially testing ten geophysical anomalies and will plan to extend the program once we receive the necessary government approvals."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Mobilizes Drill Crews At Great Burnt Copper Project In Central Newfoundland

Falcon Mobilizes Drill Crews At Great Burnt Copper Project In Central Newfoundland

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF) ("Falcon" or the "Company") is pleased to report drill crews and equipment are now being mobilized to our Great Burnt Copper Project (the "Property") located in Central Newfoundland. The Company previously encountered delays earlier this spring due to high water levels in accessing the Property. The Company has now completed 3 km of additional road to the drill site from the government access road which we share with Benton Resources

Karim Rayani, Chief Executive Officer and director stated: "We are very excited to have mobilized drill crews and equipment for inaugural drill campaign at our Great Burnt Project. Falcon is perfectly situated in what is shaping up to be Newfoundland's highest-grade copper district. Drilling is set for testing up to ten geophysical anomalies initially with 1100 metres of drilling. An application for a secondary permit for an additional 2000m to 3000m is now ongoing."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Reports the Status of Drill Program at Great Burnt Copper Project, Newfoundland

Falcon Reports the Status of Drill Program at Great Burnt Copper Project, Newfoundland

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report on the status of our inaugural drill program at its 100%-owned Great Burnt Copper Project (the "Property") located in Central Newfoundland. The Company encountered delays earlier this spring due to high water levels in accessing the Property. The Company had to apply for additional permits to build 8 km of additional road to access the drill site, which is anticipated to be completed by the end of the week. The Company will report the status once equipment can be mobilized to the site

Karim Rayani, Chief Executive Officer and director stated: "Falcon is opportunistically positioned in what is shaping up to be Newfoundland's highest-grade copper district. After a small setback in timing, we are nearly ready to commence operations at our 100%-owned Great Burnt Copper Project. We look forward to reporting back on the start date once confirmed. Scheduled drilling is testing up to ten geophysical anomalies with a maximum of 1100 metres of drilling."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon To Commence Drill Program At Great Burnt, NL

Falcon To Commence Drill Program At Great Burnt, NL

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce that the Company is to commence drilling at its 100% owned Great Burnt Copper Project in Central Newfoundland. The Company plans to test up to ten geophysical anomalies with a maximum of 1100 metres of drilling

Falcon holds 2,275 hectares in the Great Burnt camp, with licenses located north of, and contiguous to, Benton Resources Inc. - Spruce Ridge Resources Ltd. Great Burnt Copper-Gold joint venture (see Figure 1). Benton Resources Inc. ("Benton") recently optioned the Great Burnt Copper-Gold Project from Spruce Ridge Resources Ltd. ("Spruce Ridge") in an agreement that allows Benton to earn a 70% interest in the property (see press release dated August 17, 2023). The Benton-Spruce Ridge property is host to the Great Burnt Copper Zone, a deposit with an indicated resource of 381,300 tonnes at 2.68% Cu and inferred resources of 663,100 tonnes at 2.10% Cu (https://www.spruceridgeresources.com/great-burnt.php). Recent drilling by Benton at the Great Burnt Copper Deposit reported drill results that returned 7.20% Cu, 7.12 g/t Ag, and 0.05% Co over 12.30 metres (see press release dated December 5, 2023). Previous drilling in 2020 by Spruce Ridge reported 8.06% Cu over 27.2 m (TSXV: SHL press release dated March 18, 2021).

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Hires Centreline for Great Burnt Drilling

Falcon Hires Centreline for Great Burnt Drilling

Falcon Gold Corp. (FG:TSXV)(3FA:GR)(FGLDF:OTCQB); ("Falcon" or the "Company") is pleased to announce that the Company has awarded a drilling contract to CentreLine Drilling of Newfoundland to conduct a diamond drilling program at its 100% owned Great Burnt Copper Project in Central Newfoundland. The Company initially plans to test up to ten geophysical anomalies with a maximum of 1100 metres of drilling. Falcon will provide further guidance on an estimated drill start date once logistics for the program are determined and remaining service providers are confirmed

Falcon holds 2,275 hectares in the Great Burnt camp, with licenses located north of, and contiguous to, Benton Resources Inc. - Spruce Ridge Resources Ltd. Great Burnt Copper-Gold joint venture (see Figure 1). Benton Resources Inc. ("Benton") recently optioned the Great Burnt Copper-Gold Project from Spruce Ridge Resources Ltd. ("Spruce Ridge") in an agreement that allows Benton to earn a 70% interest in the property (see press release dated August 17, 2023). The Benton-Spruce Ridge property is host to the Great Burnt Copper Zone, a deposit with an indicated resource of 381,300 tonnes at 2.68% Cu and inferred resources of 663,100 tonnes at 2.10% Cu (https://www.spruceridgeresources.com/great-burnt.php). Recent drilling by Benton at the Great Burnt Copper Deposit reported drill results that returned 7.20% Cu, 7.12 g/t Ag, and 0.05% Co over 12.30 metres (see press release dated December 5, 2023). Previous drilling in 2020 by Spruce Ridge reported 8.06% Cu over 27.2 m (TSXV: SHL press release dated March 18, 2021). The Great Burnt Greenstone Belt is prospective for copper and gold, and further hosts the South Pond A and South Pond B copper-gold zones, and the End Zone copper prospect along a 14 km mineralized corridor. The mineralized corridor occurs along a conductive trend, and this conductive trend continues into Falcon's Great Burnt Copper Property (see right-hand-side image in Figure 2). The presence of mineral occurrences within ground adjacent to Falcon's Great Burnt Copper Property cannot be used as an indication of mineralization within Falcon's property itself.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement offering (the "Offering") of up to 8,850,000 common shares in the capital of Maritime (the "Offered Securities") to be issued at $1.13 per Offered Security (the "Issue Price") for gross proceeds of up to $10,000,500.

The Company will also grant the Agents an option (the "Agents' Option") to sell up to an additional 1,327,500 Offered Securities at the Issue Price for additional gross proceeds of up to $1,500,075, exercisable in whole or in part by the Agents at any time 48 hours prior to the Closing Date (as defined herein).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Wooden blocks spelling "M&A" on a computer keyboard.

Tudor to Acquire American Creek in Latest Gold M&A Deal

Tudor Gold (TSXV:TUD,OTC Pink:TDRRF) has signed a definitive agreement to acquire American Creek Resources (TSXV:AMK,OTCQB:ACKRF) in an all-share transaction, marking a consolidation in BC's Golden Triangle.

Under the deal, dated Wednesday (June 25), each American Creek shareholder will receive 0.238 shares of Tudor for each share held, effectively giving Tudor an 80 percent ownership stake in the Treaty Creek project — one of Canada’s largest undeveloped gold-copper porphyry systems. American Creek previously held a fully carried 20 percent interest.

"Our acquisition of American Creek increases our interest to 80 percent in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and additional gold-copper discoveries, at a reasonable per ounce of gold equivalent cost," said Joe Ovsenek, Tudor Gold president and CEO, in a press release.

Keep reading...Show less
Gold bars in stacks.

Top 7 ASX Gold ETFs in 2025

The price of gold reached record highs in 2025, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.

For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective option when building a balanced portfolio.

Gold exchange-traded funds (ETFs) give investors a relatively easy way to get exposure to physical gold without having to worry about the extra hassle of buying and storing the metal — not to mention insuring it. Gold ETFs can also track a basket of gold-focused stocks, allowing investors to spread risk instead of betting on individual companies.

Keep reading...Show less
Equity Metals Drilling Underway on the Silver Queen Ag-Au Property, British Columbia

Equity Metals Drilling Underway on the Silver Queen Ag-Au Property, British Columbia

Equity Metals Corporation (TSXV: EQTY) ("Equity" or the "Company") reports that drilling is underway on the 100% owned 18,871 ha Silver Queen Property, northern British Columbia. Four holes totaling 1,422 metres of the planned 18 hole, 6,000 metre 2025 drill program have been completed to date, with the current holes testing down-dip of higher-grade mineralized intercepts from the 2024 drilling (see Figure 2 and 2024 highlights below). Subsequent drilling will continue testing along strike, up to 400 metres laterally to the northwest. Drill core is being logged and sampled for analyses with assays anticipated in the coming weeks.

The 2025 drill program is a continuation of drilling completed in Q4/24, which successfully confirmed both the grade and tenor of mineralization beneath historical underground workings beyond the northwestern end of No. 3 resource blocks. Drilling at that time extended the projection of the No. 3 Vein for 400 metres strike-length and to over 250 metres depth below surface. Mineralization remains open both laterally and at depth, and expanding projections of that mineralization is the target of the current 2025 drill program on the property.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×