Falcon's CEO Issues Corporate Update Letter To Shareholders

Falcon's CEO Issues Corporate Update Letter To Shareholders

Falcon Gold Corp. (TSX-V:FG)(FSE:3FA)(OTCQB:FGLDF) (the "Company") is pleased to report a corporate update letter in an address to shareholders from its Chief Executive Officer Karim Rayani

Dear Shareholders,

As we reflect on the successes and challenges of 2023, I'm pleased to share with you the progress and objectives for the ensuing year ahead. We are in the midst of what looks like a favorable macroeconomic environment for gold and precious metals including factors such as economic uncertainty, inflationary pressures, and geopolitical tensions. Yet a perplexing disparity persists for companies despite the favorable backdrop as metal prices head higher, market capitalizations continue to struggle creating unprecedented opportunities in the resources sector. Additionally low interest rates can weaken the purchasing power of fiat currencies, making gold relatively more attractive as a store of value, therefore this sets the stage for gold and commodity prices to experience upward momentum. Timing is always paramount.

Falcon's core and long-term philosophy remains the same. Our diverse portfolio in key jurisdictions where sizeable resources are known to occur positions us strategically for future success as demand returns for commodities such as gold copper and battery metals. Despite the fluctuation and uncertainties inherent in the current resource market, Falcon Gold has remained steadfast in its commitment to delivering value to shareholders. Gold prices, while experiencing volatility continues to demonstrate its resilience as a safe haven asset amid economic uncertainties and geopolitical tensions.

In 2023, Falcon has strengthened its value proposition, with a strategic focus on both advancement and acquisition. Notably, acquiring and expanding our holdings at Great Burnt in Central Newfoundland. This area is quickly becoming known for its high-grade copper evidenced by Benton Resources recent results dated 2024-01-30 (https://www.stockwatch.com/News/Item/Z-C!BEX-3507029/C/BEX) where they hit multiple high grade copper zones, and they continue to intersect copper rich massive sulfide intersections. Falcon's land package is located directly along strike of the favorable horizon hosting both gold and copper mineralization at Great Burnt, and with the Airborne Electromagnetic and Magnetic signatures showing numerous priority target areas which have never been explained, explored or drill tested. We are currently awaiting final approval of our drill permit application and plan to announce an immediate drill program plan. Our commitment to finding a new ore horizon remains unwavering.

Further acquisition and expansion in the Hope Brook camp covering over 40,000 hectares solidifies our aggressive launch in the Central Newfoundland. What makes us unique is most if not all property acquisitions are done through staking costs with no NSR's (Net Smelter Royalties), Our Golden Brook project is surround by Matador Mining and Big Ridge Exploration million-ounce deposits. Our successful exploration program within this expansive area, particularly in the Kraken Zone, revealed a wealth of critical and rare earth metals. Notable highlights include lithium, lanthanum, tantalum, niobium, beryllium, zirconium, tungsten, molybdenite, bismuth, silver, and gold. Falcon's ground is strategically adjacent to Benton-Sokoman's pioneering lithium discovery in South-Central Newfoundland. The recent $20 million investmentby Piedmont Lithium underscores the immense potential of our project. 2024 will be a promising year for action and growth.

Karim Rayani Chief Executive Officer, Commented, "I'm pleased to share our progress amidst a challenging market landscape. Falcon is opportunistically positioned, we have strategically acquired key assets in world-class districts across Canada and South America with a focus on copper, gold, and nickel. We are making preparations for immediate drilling at Great Burnt upon drill permit approvals.

  • Immediate Drilling: We're poised for action. Our Great Burnt project is primed for an immediate drill program. The geology beckons, and we're ready to test the geological model.
  • Flagship Asset: Central Canada awaits. Our flagship asset holds great promise building on the historic data. We're planning a return, armed with data and determination.
  • Northern Quebec Exploration: HSP South calls. We're laying the groundwork for a drill-ready program, in what is shaping up to be one of the newest areas for a new Nickel Discovery.

Falcon amasses one of largest land positions in Quebec's Havre Saint Pierre Anorthosite Complex covering over 135kms of prospective contact where Go Metals Corp., announced wide intervals of Nickel, Copper Sulphides (Press Release Go Metals September 13,2022).

Falcon in late 2022 initiated a spinout of Latamark Resources Corp., a wholly owned subsidiary to the Company by plan of arrangement. The Arrangement was approved by special resolution at a special meeting of shareholders held on September 8, 2022. The Company obtained a final order approving the Arrangement from the Supreme Court of British Columbia on September 14, 2022, and the Arrangement became effective on November 2, 2022. Due to current market sentiment the company has decided to delay the listing application process to late 2024 early 2025.

Falcon holds Viernes project and Area 51 both located in Chile South America, one of the richest Copper producing regions in the world.

The Viernes project covers 3300 hectares and presents Falcon a tremendous opportunity to explore for potential bonanza-grade with epithermal low to intermediate sulfidation gold-silver, and porphyry copper-moly mineralization in one of south Americas greatest mineral endowed Paleocene-Eocene belts. The project is located within a world class cluster with extensive development by Yamana, BHP-Rio Tinto, Antofagasta Minerals amongst others. The property is highly prospective and is adjacent to the epithermal vein-hosted Gold-Silver producing El-Peñon mine in which the property may host similar geochemical and structural features.

  • Since the 1990's this area has produced 30.6 million tons of copper.
  • 57 times the annual Canadian production, 9.2 million Ounces of Gold.
  • 1.5 Times the Canadian production, 129.3 million ounces of Silver.
  • 8.6 times the Canadian annual silver production and has generated multiple discoveries.

"The Viernes Project has the makings of a contender in a world class district, not only is it adjacent to majors such as Yamana's El-Peñon Gold-Silver mine, which produces 160,000 ounces of Gold per year and 5,000,000 million ounces of silver. It's also just 30kms from the Escondida porphyry Copper-Gold-Moly cluster, the largest copper producing hub in the world operated by BHP and Rio Tinto. It's a very competitive area as it's controlled by the majors and almost impossible to get ground of this size," States Karim Rayani Chief Executive Officer.

The Area 51 Project covers 4,000 hectares located in the Inca Del Oro mining district, Atacama Region, northern Chile. The Inca Del Oro mining district is situated along Chile's Paleocene age mineral belt, known to host multiple porphyry, skarn, and epithermal mineral deposits. Some of the highlights of the Area 51 Project include:

  • 100% owned exploration claims totaling 4,000 hectares, located approximately 80 km northeast of Copiapó mining city and airport. The project benefits from road access, proximity to infrastructure, and existing mine operations as well as year-round working conditions.
  • Multiple mining and exploration projects in the vicinity, including the Inca de Oro porphyry Cu-Mo-Au-Ag deposit (460 million tonnes grading 0.40% Cu, PanAust, 2012, S&P Global ) and the Delirio deposit (17.4 million tonnes grading 0.47% Cu, 2021 Santiago Metals, S&P Global). The Area 51 exploration claim group is surrounded by other exploration and mining companies including Freeport McMoran, Newmont, Solaris Resources, and Mirasol Resources (Figure 1).

Potential for copper and gold mineralization evidenced by the occurrence of multiple historical mine workings exhibiting mineralization, hydrothermal alteration footprints over volcanic calderas and existence of active mining and exploration projects in the proximity of Area 51 Project.

Highlights of our recent work include:

  1. Expands ground at Great Burnt Copper Gold Project Central Newfoundland adjacent to Benton's High-Grade Discovery.
  2. Advanced the Golden Brook (Hope Brook Area) Project, First Phase Sampling Completed. Successfully encountered numerous Lithium and critical elements.
  3. Falcon Completes Spin-out of Latamark Resources by plan of arrangement, Company plans to start listing application process 2025.
  4. Falcon sells its holdings at BVBL (Newfoundland) to Carmanah Minerals Corp. (CSE: CARM).
  5. Acquires one of the largest land portfolios in Northern Quebec in Havre-Saint-Pierre Anorthosite complex adjacent to Go Metals Gama Exploration and Noble Exploration.
  6. Falcon Acquires Area 51 and Viernes Projects Chile, South America, both projects are within the world class cluster of Copper Gold deposits, with extensive development by BHP, Rio Tinto, Antofagasta.
  7. Central Canada project is fully permitted drill ready; Company plans to return to the project late year 2024.

Falcon has that decided it will not be proceeding with its green field's prospects in Newfoundland; Gander South, Victoria SW, Valetine South, to focus resources at its Golden Brook (Hope Brook) and Great Burnt projects in Central Newfoundland. Falcon stands out by offering a value-added proposition that is exceptionally rare for a company of our market capitalization. Our diligent efforts in acquisitions have positioned s as a dynamic player in the industry, we look forward to further exploration advancement of our project portfolio.

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:Falcon Gold Corp.



View the original press release on accesswire.com

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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.

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CORRECTION BY SOURCE: Falcon Receives Drill Permit Approval at Great Burnt Copper Project Adjacent to Benton, Central Newfoundland

The release issued this morning has been corrected and replaced due to an update.

Falcon Gold Corp. (TSX-V:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce that the Company has received drill permit approval to conduct a diamond drilling program at its 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. The Company will provide further guidance on an estimated drill start date once logistics for the program are determined and service providers are confirmed

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Falcon Recieves Drill Permit Approval at Great Burnt Copper Project Adjacent to Benton, Central Newfoundland

Falcon Recieves Drill Permit Approval at Great Burnt Copper Project Adjacent to Benton, Central Newfoundland

Falcon Gold Corp. (FG:TSX-V)(3FA:GR)(FGLDF:OTCQB); ("Falcon" or the "Company") is pleased to announce the company has received drill permit approval to commence diamond drilling at its Great Burnt Copper Project in Central Newfoundland. The Company will be reporting back in the coming week once drill contractors have been finalized. Falcon initially plans to test up to 10 geophysical anomalies with a maximum of 1100 meters of drilling

Falcon holds 2,275 hectares in the Great Burnt Camp, with licenses located north of, and contiguous to the Benton-Spruce Ridge Great Burnt Copper-Gold joint venture (see Figure 1). Benton Resources Inc. recently optioned the Great Burnt Copper Gold Project from Spruce Ridge Resources Ltd. In an agreement that allows Benton to earn a 70% interest in the property (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 Resources Inc. over 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 meters (press release dated December 5, 2023). Previous drilling in 2020 by Spruce Ridge Resources reported 8.06% Cu over 27.2m (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 Figure 2).

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CHF Capital Markets Inc. (www.chfcapital.com) is a Toronto-based firm specializing in Investor Relations. With more than 139 years of collective IR and Capital Markets experience, CHF has been a trusted partner for many public companies in Canada and worldwide, operating in a broad range of industries, including Mining, Oil & Gas, AI Technology, Fintech, Healthcare, Biopharmaceuticals, Cannabis, and Special Situations. Its team consists of a diverse pool of talent that combines analytical and creative skills - high-profile communications and investment industry specialists, and digital media experts.

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Each Unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire an additional Share at an exercise price of $0.05 per Share for a period of five years.

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AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation (the "Units") at a price of C$0.62 per Unit (the "Offering Price") for gross proceeds of C$10,000,600 (the "Underwritten Offering").

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Vizsla Copper Completes Acquisition of Universal Copper

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FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce an expansion of the Company's Global Generative Alliance (the " Generative Alliance ") program with Japan Organization for Metals and Energy Security (" JOGMEC "). Building on Year One progress and positive momentum achieved to-date, FPX and JOGMEC have agreed to an expanded Year Two budget. The program will remain focused on the global identification and acquisition of high-quality awaruite nickel properties similar in geological character to the Company's flagship Baptiste Nickel Project (" Baptiste ") in central British Columbia.

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

Highlights

  • Global Generative Alliance budget increased from initially planned $650,000 to $1,500,000 for Year Two
  • Through ongoing evaluations in five international and three Canadian jurisdictions, the Generative Alliance program remains on track to define Designated Projects to be joint ventured by FPX and JOGMEC starting in Year Two
  • The Generative Alliance program has staked approximately 120 km 2 of prospective ground in British Columbia

"We are pleased with our progress during Year One of our Generative Alliance with JOGMEC and look forward to increasing momentum through a significantly expanded Year Two budget," commented Andrew Osterloh , FPX's Senior Vice-President of Projects and Operations. "Our shared vision of realizing new globally significant awaruite nickel deposits remains resolute, and with ongoing evaluations in multiple Canadian and International jurisdictions, we are on track to achieve our shared objective of defining Designated Projects starting in Year Two."

A JOGMEC representative commented: "JOGMEC has decided to increase funding for Year Two activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon, source of nickel for the electric vehicle battery supply chain toward the realization of a carbon-neutral society."

In April 2023 , FPX and JOGMEC initiated a Generative Alliance to carry out mineral exploration activities for the identification and acquisition of high-quality awaruite nickel targets on a worldwide basis. Under the terms of the agreement, JOGMEC funded 100% of the $650,000 budget in Year One (covering the year ended March 31, 2024 ) and will fund 100% of the first $650,000 budgeted for Year Two (for the year ended March 31, 2025 ).

Building on Year One progress and the positive results of work completed to-date, FPX and JOGMEC have agreed to expand the Year Two budget to a total of $1,500,000 . Under the terms of the agreement for Year Two, after JOGMEC has funded a cumulative total of $1,300,000 , the parties will fund ensuing exploration activities on pro-rata basis (FPX 40% and JOGMEC 60%).

Subject to agreement between FPX and JOGMEC, one or more specific targets identified by the Generative Alliance may be advanced to a second phase to be further developed as a separate designated project (" Designated Project "). Each Designated Project will have its own work program and budget with the objective, of testing and further developing the identified targets. For each Designated Project, JOGMEC and FPX will respectively fund 60% and 40% for approved work programs.

During Year One of the Generative Alliance, FPX's exploration team conducted evaluations and/or sampling programs in five international and three Canadian jurisdictions. With multiple evaluations ongoing, and further prospective opportunities identified, the program is on track to identify Designated Projects in its second year.

Representing the first ground staked under the Generative Alliance, the Company is pleased to announce the acquisition of approximately 120 km 2 of new mineral claims in British Columbia. This staking was based on historic sampling by FPX coupled with updated geological interpretation based on FPX's learnings at Baptiste.

The Company is currently strategizing on additional mineral tenure acquisitions within British Columbia , elsewhere in Canada , and in multiple international jurisdictions across multiple continents; one or more of such land packages may ultimately be selected as a Designated Project under the terms of the Generative Alliance. As and when Designated Projects are confirmed, FPX will provide additional disclosure regarding the location and planned work programs for such Projects.

Keith Patterson , P.Geo., FPX's Vice President, Generative Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About the Decar Nickel District

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 245 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste Deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of the Tl'azt'en Nation and Binche Whut'en, and within several Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/18/c3991.html

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NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities

NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities

Highlights

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    • Key portions of nickel plant design led by Metso
    • Overall study compilation & supporting engineering led by Ausenco
  • Feasibility studies for Nickel Processing Facility and Stainless Steel and Alloy Production Facility near Timmins, Ontario remain on target for year-end

NetZero Metals Inc. ("NetZero Metals" or the "Company"), a wholly-owned subsidiary of Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the progress of engineering studies for two processing facilities a nickel processing facility and a stainless steel and alloy production facility in the Timmins Nickel District.

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Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto

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After the November 25, 2020, denial of the permit application for the Pebble Project, a separate division of the USACE remanded the denial decision back to the USACE Alaska District on April 25, 2023, after an administrative review found numerous errors with the denial decision. Today, after several requests for extensions, the USACE has announced that it has declined to engage in the remand process altogether. The USACE reasoning is due to the EPA veto, which effectively prevents them from altering their decision while that veto is in place. On March 15, 2024, we announced we were filing an appeal of the EPA veto in Federal District Court in Alaska, and the State of Alaska filed its action against the veto on April 11, 2024.

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