Falcon Gold Company (TSXV: FG) (FSE: 3FA) (OTC-Pinks: FGLDF) ((Falcon“or”a company) announces that it has now obtained the required exploration permit to conduct diamond exploration operations at its Central Canada Project, located approximately 180 kilometers east of Thunder Bay Ontario near the town of Atikokan.
With the permit now in hand, the company plans to return to the project to begin the next phase of diamond drilling with up to 20 planned drill holes totaling 2,500 metres.
“We are pleased to now have a drilling permit for Central Canada,” said Karim Rayani, CEO of Falcon Gold Corp. “Our previous drilling has confirmed high-grade mineralization and visible gold across multiple zones, including the Central Canada Mine Trend and associated structures. With the addition of our conceptual exploration target, this next phase of drilling is designed to systematically test and expand these zones and further evaluate the scale of the system.”
The Central Canada Project is located within the historically active Atikokan gold camp in northwestern Ontario and has seen multiple phases of exploration and development over several decades. Historical work includes underground development, shaft flooding, surface workings, and multiple drilling campaigns by previous operators, reflecting the long-recognized gold potential of the system.
Includes Falcon’s most recent work Two diamond drilling programs were completed in 2020 and 2021which confirmed structurally controlled gold and visible gold (VG) mineralization within multiple target zones. These programs returned high-quality intercepts and provided essential geological data that supports continued exploration targeting.
Key outcomes reported from these programs included:
- 10.17 g/t Au over 3.0 meters from 67.0 metres, 18.6 g/t Au over 1.0 meters (with visible gold) from 104 meters at CC20-01 2.8 g/t Au over 7.5 meters from 158.1 meters at CC20-09
Drilling and historical data have identified several priority mineral areas in central Canada, including… Central Canada Mine Trend (CCMT), JJ Walshe District, Monte District, No. 2 Vein, Sugar Shear, Lift District, and Honey District (Figure 1). These areas are interpreted to be part of a broader structurally controlled gold system the majority of which remains unexplored by modern systematic drilling.
Figure 1. The Falcon Gold property is in central Canada with the gold-bearing areas yet to be discovered.
Based on Falcon’s integrated historical data and drilling results, the company has defined the broad outlines Roughly the goal of conceptual exploration:
500,000 to 1,200,000 tons grade 8 to 12 g/t Au.
This target is conceptual in nature, does not comply with NI 43-101, and should not be considered an estimate of mineral resources. Additional drilling will be needed to assess continuity and range potential.
The upcoming training program will focus on testing and expanding these priority areas, with an emphasis on structural continuity, grade distribution, and system size.
Further details regarding timing and scope will be provided as planning progresses.
Qualified person
The technical content of this news release has been reviewed and approved by Mike Kilburn, P.Geo., a qualified person as defined in National Instrument 43-101, Standards for Disclosure for Mineral Projects.
Contact information:
Falcon Gold Company
Karim Rayani
CEO, Director
Phone: 604-716-0551
Email: (email protected)
About Falcon Gold Company
Falcon Gold Corp is a Canadian mineral exploration company focused on acquiring, exploring and developing precious metals and battery opportunities throughout the Americas, with a portfolio that includes established mining camps and emerging exploration areas. Its main asset, the Central Canada Gold Project, is located about 20 kilometers southeast of Agnico Eagle’s Hammond Reef gold deposit in northwestern Ontario. The project is located within the highly prospective Quetico Fault Zone, a major regional structural corridor that is interpreted as a key control element of gold mining in the region. The Hammond Reef deposits are associated with a northeast-trending structural system that links to this broader regional framework, highlighting the importance of the geological setting. The Central Canada property has a documented exploration and development history spanning more than a century. Early work between 1901 and 1907 involved the development of the shallow shaft and small-scale production of high-quality materials processed through stamp milling. Between 1930 and 1935, Central Canada Mines Ltd. The project was developed through deep underground development, interchange, and installation of a small-scale gold mill. Subsequent exploration programs included diamond drilling campaigns that returned numerous high-grade gold nuggets, supporting the presence of significant mineralization within the system. In addition to its flagship project, Falcon Gold maintains a diversified portfolio of Canadian exploration assets. This includes a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt Copper-Gold Project in central Newfoundland.
Cautionary Language and Forward-Looking Statements
This press release may contain “forward-looking statements” and “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable securities laws, including, without limitation, statements regarding the timing and content of future work programs, including planned drilling programs, geological interpretations, receipt of title deeds, and other corporate and technical matters. Forward-looking statements are based on assumptions, expectations, estimates and projections as of the date of this press release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied herein. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “intend,” “expect,” “plan,” “anticipates,” “believe,” “estimate,” “plan,” “potential,” “continue,” or the negative of these terms, or other similar terminology. Forward-looking statements in this press release may include, but are not limited to, statements regarding planned drilling activities at the Central Canada Gold Project, which currently has up to 20 drill holes permitted, and the interpretation and potential expansion of mining along structural trends within the project area. There can be no assurance that the Company’s exploration programs will continue as currently planned or that they will achieve their intended objectives. Forward-looking statements are by their nature subject to significant business, economic, competitive and geological uncertainties and contingencies. Actual results may differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, assumptions or projections will prove to be accurate.
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