Precious Metals

Falcon Gold Corp. (FG:TSX-V)(3FA:GR)(FGLDF:OTCQB); ("Falcon" or the "Company") is pleased to announce the completion of a fixed wing airborne magnetic survey over the Gaspard gold project (the "Property

The Gaspard Property comprises 3 mineral claims, covering 3,955 hectares ("ha") in the Clinton Mining District of central British Columbia (Figure 1). The Property covers similar geology to the Spences Bridge Gold Belt (the "SBGB") that hosts Westhaven Gold Corp.'s (TSXV:WHN) Shovelnose gold project and the Blackdome Zone gold-silver deposit owned by Tempus Resources (ASX:TMR). The Property has year-round, all-season road access with a good network of active logging roads.

Falcon's Chief Executive Officer, Karim Rayani, commented: "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. 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."

Falcon Gold Corp, Wednesday, September 28, 2022, Press release picture

Figure 1. Regional geological and structural setting of the Gaspard Project.

The airborne survey covered the entire Gaspard block which included 347- line kilometers of magnetic and radiometric surveying. The purpose of this was to delineate and map subsurface features identified in previous programs. On February 3, 2022, Falcon released results from its 2022 field program receiving heavy mineral concentrates from three creek drainages which assayed 0.236 gram per tonne gold, 1.097 g/t Au and 0.525 g/t Au (see press release dated February 3, 2022). The stream sediment samples were collected over three kilometres southeast of previous and historical anomalous stream samples taken in 1990 from four parallel drainage patterns. Total apparent length of a gold anomaly that would support an extensive drainage system at Gaspard is now five km in length.

The Property

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 BC (Figure 2). The relatively underexplored volcanic rocks are highly prospective for low-sulphidation epithermal gold mineralization. Recent drilling on the Shovelnose gold project by Westhaven Gold reported 614 g/t Au and 2,070 g/t silver over 0.45 m within 41.55 m of 8.17 g/t Au and 34.64 g/t Ag (see press Westhaven press release dated June 1, 2021). The Blackdome Zone located 26 km to the south was a former mine having produced 225,000 tonnes of gold at an average grade of 20 g/t Au. Current National Instrument 43-101-compliant resources completed by SRK in 2010 report 144,500 tonnes indicated grading 11.29 g/t gold and 50.01 g/t silver, and 90,600 tonnes inferred grading 8.79 g/t gold and 18.61 g/t silver, Tempus Resources.

Qualified Person

Mike Kilbourne, 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; in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; the Great Burnt, Gander North/South, Valentine Gold South, Victoria West, and Golden Brook acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland; and most recently Battery Metals projects in Ontario and Quebec, The Timmins West and Outarde Property.

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/717783/Falcon-Completes-Airborne-Magnetic-Survey-Over-Gaspard-Spences-Bridge-District

News Provided by ACCESSWIRE via QuoteMedia

FG:CC
Falcon Gold

Falcon Gold


Keep reading...Show less
Falcon Oversubscribes Private Placement - Closes $1,392,749.92

Falcon Oversubscribes Private Placement - Closes $1,392,749.92

Falcon Gold Corp. (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report it has oversubscribed its non-brokered private placement announced on October 28th, 2022., by issuing a total of 9,246,154 flow-through units and 1,734,090 non flow-through units for total proceeds of $ 1,392,749.92

Each flow-through unit priced at 13 cents consists of one common share and one-half of one common share purchase warrant; each whole warrant ("Warrant") entitling the holder to subscribe for and purchase one non flow-through common share ("Warrant Shares") at a price of 25 cents for a period of 24 month following the closing date.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Increases Private Placement Offering to $ 1.2 Million

Falcon Increases Private Placement Offering to $ 1.2 Million

Falcon Gold Corp.(TSXV:FG)(FRA:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") has increased the size of its previously announced non-brokered private placement to raise a total of $1,200,000 by issuing up to 7,692,307 flow-through units and issuing 1,818,182 non-flow-through units

Each flow through unit priced at $0.13 cents will consist of one flow-through common share and one-half of one common share purchase warrant; each whole warrant entitling the holder to subscribe for and purchase one non-flow-through common share at a price of $0.25 cents for a period of 24 months following the date of issuance.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Increases Land Position by 70% at HSP South, Nickel-Copper-Cobalt-Project Next to Go Metals, Quebec

Falcon Increases Land Position by 70% at HSP South, Nickel-Copper-Cobalt-Project Next to Go Metals, Quebec

Falcon Gold Corp. (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company")., is pleased to report on the expansion of our HSP south project by staking an additional 290 claims. This has increased our total claims to 703, covering 37,962 hectares in the Havre St. Pierre Anorthosite Complex (HSP Property Area) by 70

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Initiates Airborne Survey Over Its HSP South Project -Contiguous to Go Metals Corp.

Falcon Initiates Airborne Survey Over Its HSP South Project -Contiguous to Go Metals Corp.

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company")., is pleased to report the Company has contracted Balch Exploration to fly AirTEM surveys over the Corporation's large land position within the HSP Nickel-Copper-Cobalt Project area. (See figure 1

AirTEM was successfully employed by Go Metals at their HSP Project area and ground follow-up of the identified AirTEM anomalies, including trenching and direct drilling, which led to their new nickel discovery.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Announces Initial Surface Sampling Results at Gander North and Filing of Drill Permit

Falcon Announces Initial Surface Sampling Results at Gander North and Filing of Drill Permit

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

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Prismo Metals Brokered Private Placement of Units Fully Allocated

Prismo Metals Brokered Private Placement of Units Fully Allocated

Prismo Metals Inc. (CSE: PRIZ) ("Prismo" or the "Company") is pleased to announce that the private placement announced earlier today of up to 5,800,000 units (each, a "Unit"), at a price of $0.52 per Unit, for maximum aggregate gross proceeds of up to $3,016,000 (the "Offering") has been fully allocated. PI Financial Corp. (the "Lead Agent") is acting as lead agent on behalf of a syndicate of agents (together with the Lead Agent, the "Agents").

Each Unit shall be comprised of one common share ("Common Share") in the capital of the Company and one-half of one (1/2) of a Common Share purchase warrant ("Warrant") of the Company. Each whole Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of $0.75 for a period of three (3) years from the closing date (the "Closing Date") of the Offering. The net proceeds from the issuance of the Units will be used for general working capital purposes.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Prismo Metals Announces Brokered Private Placement of Units for Gross Proceeds of up to $3,016,000

Prismo Metals Announces Brokered Private Placement of Units for Gross Proceeds of up to $3,016,000

Prismo Metals Inc. (CSE: PRIZ) ("Prismo" or the "Company") is pleased to announce that it has entered into an agreement with PI Financial Corp. (the "Lead Agent") to act as lead agent on behalf of a syndicate of agents (together with the Lead Agent, the "Agents") in connection with a best efforts private placement of up to 5,800,000 units (each, a "Unit"), at a price of $0.52 per Unit, for maximum aggregate gross proceeds of up to $3,016,000 (the "Offering").

Each Unit shall be comprised of one common share ("Common Share") in the capital of the Company and one-half of one (1/2) of a Common Share purchase warrant ("Warrant") of the Company. Each whole Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of $0.75 for a period of three (3) years from the closing date (the "Closing Date") of the Offering. The net proceeds from the issuance of the Units will be used for general working capital purposes.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone

Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone

Red Pine Exploration Inc. (TSXV: RPX) (OTCQB: RDEXF) (" Red Pine " or the "Company") is pleased to report new results from its 2022 exploration program. Red Pine continues to expand the footprint of mineralization outside the current resource of the Surluga Deposit and quantify additional gold bearing structures on the property.

The exploration program of Red Pine continues to validate the presence of a large gold system on the Wawa Gold Project.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Fabled Silver Gold Corp Announces Results of Annual General Meeting And Closing of Private Placement

Fabled Silver Gold Corp Announces Results of Annual General Meeting And Closing of Private Placement

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announced that all proposed resolutions were approved at the Company's Annual General Meeting of Shareholders held on October 27, 2022

Shareholders voted in favor of all the resolutions proposed by the Board of Directors and management of the Company. A total of 33,569,956 common shares were voted, representing 15.62% of total shares issued and outstanding as of the record date.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Prismo Metals Announces Palos Verdes Drilling Results and Corporate Update

Prismo Metals Announces Palos Verdes Drilling Results and Corporate Update

Additional Drilling Planned at Palos Verdes in January 2023

 Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the "Company" or "Prismo") is pleased to announce assay results for the first five holes in the recent drilling program at its Palos Verdes project, located in the historic Panuco-Copala district of the state of Sinaloa, Mexico. Assays for the last three holes of the 2022 drilling campaign are expected by the end of December.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Maxwell Gold Property Geophysical Survey Commences and JMW Property Diamond Drilling to Begin, Chapais-Chibougamau Area, Quebec

Maxwell Gold Property Geophysical Survey Commences and JMW Property Diamond Drilling to Begin, Chapais-Chibougamau Area, Quebec

Newfoundland Discovery Corp. (CSE: NEWD) (OTC PINK: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that a 1,000-line kilometre airborne Triaxial Gradient Magnetometer ("MAG") survey has commenced on the Maxwell gold property ("Maxwell") in the Chapais-Chibougamau area of Quebec (see location map below). The MAG survey will cover the entire 9,400-hectare property.

Maxwell is a project that the Company entered into an option agreement with Gitennes Exploration Inc. (TSXV: GIT) to acquire up to an 85% interest in on November 3rd, 2022. The project is situated between two of Iamgold Corporation's properties with the Monster Lake high grade gold property six km to the east (see Figure 1). Maxwell has several occurrences of gold in both the fine and heavy fraction of glacial tills and the gold in tills is associated with mapped structures. The structures are northeast trending, similar to Iamgold's Nelligan property. Maxwell has seen very little exploration and several EM geophysical anomalies remain untested.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×