FG: TSX-V
VANCOUVER, BC, July 15, 2026 /CNW/ - Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC Pink: FGLDF) ("Falcon" or the "Company") is pleased to announce that it has commenced the drill tender process for its fully permitted Central Canada Gold Project located near Atikokan, Ontario.
"Central Canada continues to emerge as one of the most exciting exploration opportunities in Falcon's portfolio," said Karim Rayani, Chief Executive Officer of Falcon Gold Corp. "With a fully permitted drill program, encouraging results from our previous drilling campaigns and more than a century of historic exploration to build upon, we believe we are well positioned to advance this project toward its next significant discovery."
The Company recently received approval for a diamond drilling program consisting of up to 20 drill holes totaling approximately 2,500 metres. Falcon has invited a number of experienced Canadian diamond drilling contractors to submit tenders for the upcoming exploration program, with contractor selection expected to be completed in the coming weeks.
The planned drill program is designed to follow up on Falcon's previously identified high-grade gold mineralization while testing additional priority targets generated through the integration of historical exploration, diamond drilling, geological mapping, geophysics and structural interpretation.
Exploration and development at the Central Canada Gold Project dates back to the early 1900s, when the property was the site of shaft sinking, underground development and limited historic gold production. During the 1930s, Central Canada Mines Ltd. further advanced the property through underground development and exploration, establishing the project as one of the historic gold occurrences within the Atikokan Gold Camp.
To date, Falcon has successfully completed two phases of diamond drilling at the Central Canada Gold Project. These programs confirmed the presence of high-grade, structurally controlled gold mineralization, including highlights of 10.17 g/t Au over 3.0 metres, including 18.6 g/t Au over 1.0 metre with visible gold, and 2.8 g/t Au over 7.5 metres. These results have significantly enhanced the Company's geological understanding of the project and refined several priority drill targets.
The upcoming drill program will focus on expanding and testing the historic Central Canada Mine Trend (J.J. Walshe Mine Trend) together with several additional prospective gold-bearing structures identified across the property, including the Sugar Shear, Monte Zone, No. 2 Vein, Honey Zone and Hoist Zone. Collectively, these targets represent a broad, district-scale mineralized system that remains only partially evaluated by modern exploration despite more than a century of intermittent exploration.