Falcon Signs Definitive Option to Purchase Viernes Project - Next to Yamana's El-Peñón Gold/Silver Deposit in Chile

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[{"type":"text","content":"Falcon Signs Definitive Option to Purchase Viernes Project - Next to Yamana's El-Peñón Gold/Silver Deposit in ChileVANCOUVER, BC / ACCESSWIRE / December 16, 2021 / FALCON GOLD CORP. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); (\"Falcon\" or the \"Company\") previously announced it had signed a Memorandum of Understanding (MOU) dated October 20, 2021 to acquire the Viernes project located 122km SE of Antofagasta City in Northern Chile. The claims encompass 13 claim blocks covering 3,300 Ha. The western portion of the project offers prospectivity for epithermal gold veins as evidenced by outcrops of the Chile-Alemania Paleocene volcano-stratigraphic sequence, which is the same host rock at the El-Peñón Gold Deposit owned by Yamana Gold. Additionally, Barrick Gold in 2015 sold a 50% stake in Zaldívar Mine for a $1.005 Billion in cash forming a partnership with Antofagasta PLC one of the worlds leading copper companies. Antofagasta has an outstanding track record of building and operating mines in Chile, the Zaldívar project is approximately 35kms NE of our claims.\"We are entirely pleased to have acquired such a prominent land position in one of the richest copper producing hubs in the world. We are directly adjacent to Yamana's El-Penon Gold-Silver mine, which produces 160,000 ounces of Gold per year and 5,000,000 million ounces of silver. It's also just 30kms from the Escondida porphyry Copper-Gold-Moly cluster, operated by BHP and Rio Tinto, Barrick - Antofagasta's Zaldívar Copper Mine is 35 NE of our project and is expected to produce shortly. It's a very competitive area and near impossible to get in this camp,\" States Karim Rayani Chief Executive Officer.Viernes project is located at moderate elevation of approximately 2000 meters above sea-level and is 5km east of Yamana Gold's highly profitable El-Peñón low sulfidation gold and silver mine, and 35kms southeast of the world class Escondida-Zaldívar copper hub. The project has year-round access via paved and gravel roads from the mining capital of Chile, known as Region II, Antofagasta.The Viernes claim block presents Falcon a tremendous opportunity to explore for potential bonanza-grade with epithermal low to intermediate sulfidation gold-silver, and porphyry copper-moly mineralization in one of south Americas greatest mineral endowed P...

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