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Falcon-Marvel Form Strategic Partnership at Hope Brook and Baie Verte Brompton Line
VANCOUVER, BC / ACCESSWIRE / November 17, 2021 / Falcon Gold Corp. (TSXV:FG)(Frankfurt:3FA)(O...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon–Marvel Form Strategic Partnership at Hope Brook and Baie Verte Brompton LineVANCOUVER, BC / ACCESSWIRE / November 17, 2021 / Falcon Gold Corp. (TSXV:FG)(Frankfurt:3FA)(OTCQB:FGLDF); (\"Falcon\" or the \"Company\") is pleased to announce the company has formed a strategic partnership with Marvel Discovery Corp. (\"Marvel\") with the goal of exploring prospective claims recently acquired in the Hope Brook and Baie Verte Brompton Districts. The combined total of both projects covers 115,175 hectares and will be explored together on 50-50 Joint Venture basis. This Alliance further empowers Falcon and Marvel to work together sharing in the potential upside of this impressive land package while reducing costs and capital. The Hope Brook Project will be renamed the Golden Brook JV (\"the Property\").Chief Executive Officer, Karim Rayani commented, \"This alliance between Falcon and Marvel provides numerous upside potential to both companies. Synergies of shared capital, administration costs and common goals utilizing various exploration and vectoring tools won't be hampered by a property boundary line. This will enable the partnership to systematically explore this ground with a common goal of a Tier 1 discovery.\"The Golden Brook JV lies at the northern western edge of the Hermitage Flexure, a predominant geological feature of the south Newfoundland Appalachians. The western Hermitage Flexure is a structurally complex region with a diverse metal breakdown. The structures on the property are linked to west verging thrust faults namely the Bay D'Est Fault Zone and the Gunlap Fault zone. These types of fault zones can be gold bearing evidenced by the most significant gold deposit in the area, the Hope Brook gold mine, which was in production from 1987 to 1997 producing 752,163 ounces of gold. The Hope Brook now owned by First Mining has since been optioned to Big Ridge Exploration which has outlined an additional 6.33 million tonnes at an average grade of 4.68 grams per tonne Au for 954,000 ounces of gold in the indicated and inferred categories (https://bigridgegold.com/projects/hope-brook-gold-project-newfoundland/).The Golden Brook JV will also straddle both the eastern and western extents of recent land acquisitions by the Benton-Sokoman JV (joint venture) partnership. Benton-Sokoman made recent headlines with the disco...