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Falcon Acquires Valentine Gold South Project Contiguous to Matador, Along Strike of the Valentine Gold Deposit
VANCOUVER, BC / ACCESSWIRE/ March 10, 2022 / FALCON GOLD CORP. (TSXV:FG)(FRA:3FA)(OTCQB:FGL...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Acquires Valentine Gold South Project Contiguous to Matador, Along Strike of the Valentine Gold DepositVANCOUVER, BC / ACCESSWIRE/ March 10, 2022 / FALCON GOLD CORP. (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF); (\"Falcon\" or the \"Company\") is delighted to announce it has acquired, via staking, a very large and strategically located land position in the Valentine Lake South Area. This new land position consisting of 605 claims (15,300 hectares) is contiguous to Marvel Discovery Corp, Matador Mining, and Tru Precious Metals Corp (TRU). The Property also lies along strike from the Valentine gold deposit which hosts 6.8 million ounces of gold (Moz. Au) (all categories) and is now under development (https://marathon-gold.com/valentine-gold-project/). Falcon has immediate plans to commence high resolution magnetic surveys upon approval of exploration permits.During 2021, 22 holes were drilled by TRU on their Golden Rose Project, contiguous to the Valentine Gold South Project, and assay results are just now being released. The first release of results includes 12 metres (m) grading 1.01 grams per tonne (g/t) Au from drill hole WL-21-12 and 7 m grading 1.71 g/t Au from drill hole WL-21-06, including 2.39 g/t Au over 4m (https://www.trupreciousmetals.com/news/tru-precious-metals-continues-to-intersect-gold-in-new-drill-results-from-golden-rose-project)Figure 1. Regional location of Falcon's Valentine Lake South Gold property.Falcon's Chief Executive Officer, Karim Rayani commented, \"This is an impressive land position along the Valentine structural corridor. Our in-house studies have concluded that these crustal scale deformation zones host Newfoundland's larger gold deposits. They commonly have second- to third-order structural components much like the gold deposits along the Cadillac-Larder Lake and Destor-Porcupine fault zones of the Abitibi Subprovince of Ontario and Quebec. With Marathon & Matador as neighbours, we are ideally situated between two of the most significant gold deposits in Newfoundland. Our next steps are to run a high-resolution magnetic survey which will help map this large territory with braided shear zones which lie proximal to these major fault zones.\"Valentine South PropertyStructurally controlled orogenic gold deposits in Newfoundland are associated with crustal-scale fault zones within the Central Newfound...