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Falcon Gold Corp. and International Montoro Acquire Additional Land - Camping Lake Property, Red Lake - Ontario
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2020) - Falcon Gold Corp. (TSXV: FG) (...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Gold Corp. and International Montoro Acquire Additional Land - Camping Lake Property, Red Lake - OntarioVancouver, British Columbia--(Newsfile Corp. - July 14, 2020) - Falcon Gold Corp. (TSXV: FG) (\"Falcon\" or the \"Company\") and International Montoro Resources Inc. (TSXV: IMT) (FSE: O4T1) (\"Montoro\") are pleased to announce a significant increase in the Camping Lake Gold Property with the staking of an additional 57 mining claims. The new claims add approximately 1,200 hectares (\"ha\") to the Camping Lake Project that is located near the Red Lake gold camp in northwestern Ontario and increases the project size to 3,400 ha of contiguous mining units. The Property expansion incorporates a major magnetic anomaly which reportedly correlates to a mineralized fault zone identified during Montoro's May 2020 sampling and geological mapping program which confirmed historical \"gold in soils\" anomalies. Similar magnetic anomalies in the region are currently being explored by BTU Metals Corp where drilling in the fall of 2019 uncovered a potential Cu-Ag-Au Volcanogenic Massive Sulphide - style system with a 44.1-meter intersection of precious-metal enriched chalcopyrite-pyrite mineralization.Figure 1: Camping Lake MapTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4151/59708_40cdb65ca489ca3b_003full.jpgWith limited bedrock exposure due to overburden, exploration companies in the area have successfully implemented the use of soil and glacial till analyses for gold and base metals. Companies such as BTU Metals Corp., GoldON Resources, and Golden Goliath Resources have been successful in delineating both gold and base metal discoveries from soils' and till anomalies. On July 7, 2020, Golden Goliath Resources Ltd. announced a glacial till sampling program on its Kwai property and the discovery of 17 till samples with pristine gold grains indicating a possible \"close-by\" gold mineralization source. The Kwai property is located immediately west of the Camping Lake claims. Montoro and Falcon intend to utilize a similar sampling program and plan to conduct till sampling and gold grain analysis to search for gold mineralization along the multiple targets represented by discontinuities or \"splays\" interpreted by the magnetic data.The Camping Lake PropertyThe 3,400 ha Camping Lake propert...