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Falcon Gold Acquires 10,150 Hectares in Gander North, Adjacent to Sassy Resources - Plans High Resolution Magnetic Surveys
VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / FALCON GOLD CORP. (TSX-V:FG), (GR:3FA), (...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Gold Acquires 10,150 Hectares in Gander North, Adjacent to Sassy Resources - Plans High Resolution Magnetic SurveysVANCOUVER, BC / ACCESSWIRE / January 19, 2022 / FALCON GOLD CORP. (TSX-V:FG), (GR:3FA), (OTCQB:FGLDF); (\"Falcon\" or the \"Company\") is pleased to announce it has acquired a significant land position in the Gander North area via staking and cover 406 claims totaling 10,150 hectares. The Company has immediate plans to commence high resolution magnetic surveys upon approval of exploration permits. These new claims are located 25 kilometers due East of New Found Gold's Queensway Project and are contiguous to Sassy Resources Gander North Project which Sassy had optioned from Shawn Ryan.Figure 1. Regional location of Falcon's Gander North Gold property.Northeast trending structural lineaments first recognized by Sassy Resources to the immediate east are interpreted to continue onto the Property. An interpretation of the regional magnetics shows NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-fractures, which indicate a regional setting similar to that to the highly prospective eastern Exploits Subzone. Gold mineralization models along the Exploits Subzone are based on analogous structural settings to those at Fosterville in Victoria, Australia (https://exploitsdiscovery.com/projects/).Recent exploration by Sassy Resources on their Gander North Project have returned spectacular results from soil geochemistry sampling surveys as evidenced with recent published results of 1,432 ppb Au in northeast trending zones.Falcon's Chief Executive Officer, Karim Rayani commented, \"The Gander North Property marks an exciting addition to our property portfolio - the recent soil sampling program released by Sassy Resources and world-renowned prospector Shawn Ryan is further proof that we continue to acquire land positions in highly prospective terrains, where our interpretations show a very high probability of a continuation of a structural system running through our ground. We eagerly await the exploration permitting approvals and the start of our detailed high resolution magnetic surveys within our Gander Project Area.\"Falcon Gold Gander South PropertyFalcon's new land acquisition is hosted within the Exploits Subzone of the central Newfoundland gold belt. The property cov...