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Falcon Stakes Second Block of Claim Units for Coomer Lake Vanadium-titanium Project, Northern Ontario
HIGHLIGHTS: Coomer Lake project area increased from 800 to 1,616 hectares; New claims ...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Stakes Second Block of Claim Units for Coomer Lake Vanadium-titanium Project, Northern OntarioHIGHLIGHTS:Coomer Lake project area increased from 800 to 1,616 hectares;New claims cover a second, subparallel geophysical anomaly indicating a strike length of at least 5 kilometres of favorable stratigraphy;Historical diamond drill hole intersected massive magnetite over a width of 4.9 m that averaged 0.75% V2O5 and 7.56% TiO2. Vancouver, British Columbia--(Newsfile Corp. - March 20, 2019) -  FALCON GOLD CORP. (TSXV: FG) (\"Falcon\" or the \"Company\") reports it has acquired through staking an additional group of 51 mining claim units east of its original Coomer Lake Vanadium-Titanium property. As previous announced on September 5th and 18th, 2018, Falcon has the right to earn a 100% interest in the original Coomer Lake property that comprises an area of approximately 800 hectares (\"ha\"). The new East Claim Block is located east of the Attawapiskat River, approximately 4.5 km east of the original units.Stephen Wilkinson, Falcon's CEO stated: \"The Coomer Lake claim unit groups were acquired for the indicated vanadium-titanium mineralization. Historical diamond drilling discovered massive magnetite units not exposed at surface hosting the rich vanadium and titanium values. As the mineralization is associated with strong, arcuate magnetic anomalies, Falcon has moved to cover the zones with its claim units.\"The Coomer Lake V-Ti PropertyThe Property is located within the James Bay Lowlands of northern Ontario in the Porcupine Mining Division, District of Cochrane. It is 250 kilometres (\"km\") north of the town of Nakina, Ontario, and approximately 40 km south of Noront Resources Ltd. mining leases at the Ring of Fire developments. Noront's proposed north-south access corridor is 12 km east of the Property. The Property is accessible only by floatplane and boat where the Attawapiskat River is the main waterway.The Coomer Lake area occurs within the Archean-age Sachigo Subprovince of Northwestern Superior Province. The Fishtrap Intrusive Complex entirely underlies the Property and is a layered, differentiated mafic intrusive body which for the most part is covered by glacial till. A high resolution airborne magnetic survey completed in 2003 defined the banded and folded complex reflecting the fractionated lithologies ...