FG: TSX-V
VANCOUVER, BC, June 25, 2026 /CNW/ - Falcon Gold Corp. (TSX Venture: FG) (FSE: 3FA) (OTC Pink: FGLDF) ("Falcon" or the "Company") is pleased to announce that it has entered into an Option Agreement to acquire a 100% interest in the West Hammond Contact Property (the "Property"), consisting of 156 mining claims (140 single-cell claims and 16 boundary claims) covering 3,067.918 hectares, located within the prospective Atikokan-Hammond Reef Gold District of northwestern Ontario.
"This acquisition represents another important milestone in Falcon's strategy of building a district-scale gold exploration portfolio in northwestern Ontario. Through our Central Canada Gold Project and the newly acquired 3,067.918-hectare West Hammond Contact Property, Falcon now controls a significant strategic land position across multiple structural corridors associated with the broader Atikokan-Hammond Reef Gold District. As major mining companies and governments continue investing in the region, we believe Falcon is well positioned to unlock value through systematic exploration, strategic land consolidation, and new discoveries," stated Karim Rayani, Chief Executive Officer and Director.
Covering 3,067.918 hectares, the West Hammond Contact Property significantly expands Falcon's strategic land position within one of northwestern Ontario's most prospective emerging gold districts and complements the Company's flagship Central Canada Gold Project.
Strategically located within the Atikokan-Hammond Reef Gold District, the Property covers a significant portion of the prospective Finlayson Greenstone Belt and associated regional structural corridors. According to Agnico Eagle's public disclosure, the Hammond Reef Gold Deposit hosts approximately 3.3 million ounces of probable gold reserves and an additional 2.3 million ounces of measured and indicated gold resources.
Management believes the significance of the Hammond Reef Gold Deposit highlights the prospectivity of the broader district. The West Hammond Contact Property occupies a favourable geological setting within the same regional gold-bearing environment and covers interpreted extensions of key structural corridors, including portions of the Marmion Shear Zone. While no assurance can be given that mineralization similar to Hammond Reef exists on the Property, management believes these geological characteristics support the potential for the discovery of additional gold-bearing systems within the district.
Historical exploration has identified numerous gold occurrences, geochemical anomalies and favourable lithological contacts across the Property. The Company has also identified several priority target areas for follow-up exploration, including geophysical targets recommended for future induced polarization (IP) surveys.