Falcon Acquires Area 51, Copper-Gold Project, Adjacent to Newmont, Inca Del Oro District - Atacama Region, Chile

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[{"type":"text","content":"Falcon Acquires Area 51, Copper-Gold Project, Adjacent to Newmont, Inca Del Oro District - Atacama Region, ChileVANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Falcon Gold Corp. (TSX-V:FG)(GR:3FA)(OTCQB:FGLDF); (\"Falcon\" or the \"Company\") is pleased to report the acquisition of 4,000 hectares of exploration claims pertinent to the Area 51 Project 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.Figure 1: Location of Falcon's Area 51 property. \"We are very pleased to have acquired such an impressive land package in Chile, the country with the largest copper reserves in the world and one of Latin America's most stable jurisdictions. The Area 51 project is strategically situated in the same camp as Newmont and Freeport McMoran. This further adds to our new focus of expanding to jurisdictions outside of North America.\" Stated Karim Rayani Chief Executive Officer.About the Inca Del Oro Mining DistrictThe Inca del Oro Mining District lies within the world-class Chilean Paleocene age mineral Belt that hosts multiple porphyry Cu-Mo-Au deposits, epithermal Au-Ag deposits, and skarn Cu-Pb-Zn ...

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