Business
Falcon Triples Central Canada Gold Project in Size
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - FALCON GOLD CORP. (TSXV: FG...
About this update from Falcon Gold Corp.
[{"type":"text","content":"Falcon Triples Central Canada Gold Project in SizeVancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - FALCON GOLD CORP. (TSXV: FG), (FSE: 3FA); (\"Falcon\" or the \"Company\") is pleased to announce it has acquired an additional 7,477 hectares (\"ha\") of mineral claims consisting of 369 units in the rapidly developing Atikokan gold camp, growing the Company's land position to 10,392 ha. and a new project total of 507 units. Falcon's staking has resulted in two new claims groups (see Figure below). The southern claims group parallels the Quetico Fault Zone and occupies the gap between the original Central Canada property and the property belonging to Agnico Eagle Mines Limited and its Hammond Reef gold deposit. The northern staked claims are contiguous with the Hammond Reef property on its northern boundary and are located approximately 3.5 km north of the main part of the Hammond Reef gold zone that reportedly hosts a reported Measured and Indicated Resource in the order of 4.5 million ounces (\"oz\"). Central Canada Project ExpansionTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4151/60386_a63bbe1584787a70_003full.jpgThese highly strategic acquisitions have been completed as Falcon continues to develop and constrain gold, silver, and base metal mineralization along the 25 kilometers of the Quetico Fault Zone. The southern acquisition covers a prospective geological trend with both ferrous and non-ferrous base metal deposits and precious metal mineralized zones. The northern claim group is underlain by the Marion Lake Batholith. However, the claim units appear to occur at a very important potential location where there is a confluence of three or more structural zones or faults that are splays running off of the Quetico Fault Zone. These splays that trend commonly to the northeast are recognized as hosting many of the gold deposits in the Atikokan camp. Falcon believes that the confluence of the splays and the very close proximity of the Hammond Reef deposit make the new northern claims group an excellent gold target. Falcon's Chief Executive Officer, Karim Rayani stated, \"Our Company now controls a combined 51 kilometers of strike length along the Quetico Fault Zone and its major northeast trending splays such as the Marmion Fault zone. Our original Central Canada o...