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Falcon Identifies Historic Gold Mineralization South of Recent Drilling and Mobilizes Airborne Magnetics Survey, Central Canada Gold Project, Atikokan, Ontario
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2020) - FALCON GOLD CORP. (TSXV:&...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Identifies Historic Gold Mineralization South of Recent Drilling and Mobilizes Airborne Magnetics Survey, Central Canada Gold Project, Atikokan, OntarioVancouver, British Columbia--(Newsfile Corp. - October 1, 2020) - FALCON GOLD CORP. (TSXV: FG) (FSE: 3FA) (OTC Pink: FGLDF) (\"Falcon\" or the \"Company\") is pleased to announce it has contracted ProspectAir of Gatineau, Québec to complete an airborne geophysics survey of the 10,000-hectare Central Canada Gold Project in Northwestern Ontario. The survey will consist of high-resolution airborne magnetics and time-domain electromagnetic data collection over 1510-line kilometers at 100m spacing. The survey has been optimized based on the local geological trends corresponding to the Central Canada Gold Mine and Jack Lake Mine Trend. The survey will provide high-definition magnetic signatures and electromagnetic conductors which will aid in the delineation of gold bearing lithologies and structures along the prospective trends. The high-resolution data will also assist in determining drill targets at the Central Canada Mine in which gold mineralization is open in both the east and west directions.Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4151/65041_figure1.jpgRecently, the company has pursued additional historic government and personal archives of data based on further understanding the new zone identified by the intersections of CC20-07 of 7.23 g/t Au @ 114 meters depth and CC20-01 of 18.6 g/t Au @ 104 meters depth (NR FG June 2nd and NR FG September 14th). Through the research performed by consultants of the company, new data was discovered in the Vendors paper archives from 1966 where an article in the Northern Miner on December 15th, 1966 listed a map (shown in Figure 1) with 4 high-grade zones (outlining grab and channel samples ranging 0.5 oz/t gold or higher) outside of the current drilling area were discovered. The company intends to examine and ground-truth these areas before finalizing the second stage of drilling as outlined in the September 14th 2020 new release.Qualified PersonThe technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Proj...