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Falcon to Purchase Gaspard Gold Claims Located at the Northern End of the Spences Bridge Gold Belt, Central BC
VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Falcon Gold Corp. (TSXV:FG)(FSE:3FA)(OTC PI...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon to Purchase Gaspard Gold Claims Located at the Northern End of the Spences Bridge Gold Belt, Central BCVANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Falcon Gold Corp. (TSXV:FG)(FSE:3FA)(OTC PINK:FGLDF); (\"Falcon\" or the \"Company\") announces it has entered into an agreement to purchase a large, prospective gold property, the Gaspard Claims in central British Columbia. The Claims are reported to cover similar geology to and may be an extension of the Spences Bridge Gold Belt (the \"SBGB\") that hosts several significant developing gold deposits such as Westhaven Gold Corp.'s Shovelnose gold project.Chief Executive Officer, Karim Rayani stated. \"The Gaspard Gold project has tremendous potential adding to our BC holdings, having high grade soil and stream sediment samples over a 1.8 km distance shows we are in the right district. The claims look to be an extension of the Spences Bridge Gold Belt that hosts several significant developing gold deposits such as Westhaven (WHN.V) Shovelnose gold project.\"The PropertyThe Gaspard Property comprises 3 mineral claims, covering 3,955 hectares (\"ha\") in the Clinton Mining District of central British Columbia. The Property has year-round, all-season road access with a good network of active logging roads. The City of Williams Lake located 60 kilometers (\"km\") northeast of the Property is a regional supply centre for mining, logging and ranching.The SBGB forms a northwest trending belt of Eocene-age, volcaniclastic and sedimentary rocks more than 430 km long and up to 24 km wide extending to the north east from town of Princeton. The volcanic units are dominated by dacitic to rhyolitic volcaniclastic rocks, breccias and domes that are well known to host significant gold occurrences. The volcanic sequence observed on the Gaspard claims includes a low-dipping dacitic flow unit overlain by a central volcaniclastic rhyolitic unit capped by basalts. The Property is located immediately east of the northernmost mapped limit of the Spences Bridge Group, in an area that is presented on regional BC geological maps as unnamed Eocene-age, intermediate to felsic volcaniclastic rocks bearing remarkable similarity to the Spences Bridge Group.The closest gold deposit to the Property is located approximately 26 km to the south and is the Blackdome gold mine project. The Blackdome reportedly h...