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Falcon Adds Central Canada Property to Its Cobalt and Gold Holdings in Northwestern Ontario
HIGHLIGHTS: Located contiguous to Falcon's recently optioned cobalt, gold and copper claims...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Adds Central Canada Property to Its Cobalt and Gold Holdings in Northwestern OntarioHIGHLIGHTS:Located contiguous to Falcon's recently optioned cobalt, gold and copper claims in historic Atikokan mining camp;Property contains past producing Central Canada gold mine;Close to major mines and developments such as the Agnico Eagle's Hammond Reef gold project;Strategically close to important infrastructure including highway, and electrical power and natural gas pipeline; and,Increases Falcon's interest in over 10.5 km of the Quetico Fault Zone & key Cobalt and Gold targets.Vancouver, British Columbia--(Newsfile Corp. - February 7, 2018) - Falcon Gold Corp. (TSXV: FG) (\"Falcon\" or the \"Company\") reports it has signed a letter agreement to acquire a 100% interest in seven mining claims in Hutchinson Township in northwest Ontario. The claims comprise 25 claim units, an area of approximately 390 hectares. Stephen Wilkinson, Falcon's CEO commented, \"The Central Canada Property adds to our strategic land position in a largely overlooked greenstone belt where there has been economically significant historical mining. In addition to the past producing gold mine, the Property covers about 2 kilometres (\"km\") of our target Cobalt bearing iron formation — on strike from the Staines Cobalt Occurrence reported in Falcon's news release dated January 23, 2018.\"The Central Canada PropertyThe Property is contiguous with the 6 mining claims recently optioned by Falcon approximately 21.5 kilometres (\"km\") east of Atikokan, Ontario and is about 160 km west of Thunder Bay. Access to the Property is by road from Provincial Highway 11 to Highway 623 to the mine access road on the north side of Sapawe Lake. The Property can be divided into two geological regimes. The northern claims are underlain by Archean age greenstone rocks that include mafic volcanic flows, gabbroic intrusions and quartz feldspar porphyries in which the gold mineralization is hosted. The south part of the Property is covered by Sapawe Lake and is underlain by iron formation and greenstone rock units that host Falcon's targeted cobalt and gold occurrences. The Staines Cobalt Occurrence is 1.5 km west of the Property's western boundary. The history of mining and exploration work on the Central Canada Property is summarised as follows:1901 to 1907 —...