Falcon Applies FOR Exploration Drill Permits Central Canada Project
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NEWS RELEASE FG: TSX-V
FALCON APPLIES FOR EXPLORATION DRILL PERMITS
CENTRAL CANADA PROJECT
Vancouver, B.C., December 12, 2019. FALCON GOLD CORP. (FG:TSX-V), (3FA:GR) ; ("Falcon" or the
Company") is pleased to announce it has applied for an exploration and drill permit to carry out activities
on its Gold/Silver and Copper/Cobalt prospects on its Central Canada project in Atikokan, Ontario. The
permit application includes approximately 20 drill pad locations, overburden trenching, and geophysical
surveys to test historic prospects and expand the company’s economic geology understanding.
The company has also compiled multiple historic assessment reports and files that date from 1903-2017.
Field work and GPS location confirmation of the prospects identified in the reports is underway to ensure
the accuracy of the data before larger scale drilling, trenching and geophysics is commenced.
Multiple gold, copper, cobalt and o ther metals occurrences have been discovered , on the approximate
3200-hectare property, in a variety of geological settings – none of which has been sufficiently pursued to
determine economic potential for mining. The table below highlights some of the hi storical gold drilling
results.
Gold prospects in the Central Canada Project are typically associated with metavolcanics and felsic
intrusive rocks which are cross -cut by quartz -porphyry dykes and sills with later -stage quartz veining.
Economic mineralization has been observed in highly mineralized shear zones and quartz veins.
FALCON GOLD CORP.
520- 470 Granville St.
Vancouver, BC V6C1V5
Tel : +1 604-683-1991
Fax : +1 604 683-8544
www.falcongold.ca
Year Company Hole No.
(ft) (m) (g/tonne) (oz/ton)
1966 Anjamin Mines Ltd. S-1 1.5 0.46 6.90 0.221
2.0 0.61 37.00 1.184
7.0 2.13 44.00 1.408
1985 Interquest Resources AJC-85-1 5.1 1.56 6.25 0.200
AJC-85-2 13.0 3.96 7.13 0.228
AJC-85-8 10.8 3.30 4.69 0.150
AJC-85-9 3.8 1.17 27.50 0.880
2012 Terrex Minerals CC12-01 6.0 1.82 4.77 0.153
CC12-03 76.4 23.30 1.83 0.059
Incl. 6.1 1.86 4.44 0.142
GoldWidth
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The area has a long history of mining and is approximately 20 kilometers SE of Agnico Eagle’s Hammond
Reef Gold deposit which has a measured and indicated estimate d resource of 208 Million Tonnes
containing 4.5 Million ounces of Gold. The Hammond reef deposit lies on the Hammond fault which is the
control of the deposit. The Central Canada property is located within a similar major structure referred to
as the Quetico fault.
Directly adjoining Falcon Gold’s property , the historic Sapawe Gold Mine produced 33,013 tonnes
(4,547oz gold & 1,315 oz silver) with an unclassified resource of 528,614 tonnes @ 0.31 oz/t gold
calculated by Sapawe Gold Mines Ltd. in 1995. Significant gold minera lization has also been identified in
the halo of the original Sapawe Mine of up to 24 g/t. Falcon intends to target any strike extensions in the
upcoming drill program. Other targets will be generated now that many other occurrences are all under
Falcon’s control with the amalgamation of several prospector’s holdings into one project.
Gold mineralization can be traced across the Central Canada property with more recent drilling by
Interquest Resources Corp. intersecting over 1 meter @ approximately 30 g/t gold in diamond drill core.
Trenching work in 2011 indicated significant gold mineralization to the south of the historic Sapawe Gold
Mine, where the operator sampled up to 6.7 g/t gold along a “well” mineralized shear zone.
Historical assays reported cobalt potential with copper intercepts. These results add another dimension
to the upcoming drill program.
Esperanza, Argentina project
Falcon has determined not to proceed with the Esperanza, Argentina project in order to focus on its
Northern Ontario exploration efforts.
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Bob Chataway, P.Geo.,
who is a Qualified Person as defined by National Instrument 43 -101, Standards of Disclosure for Mineral
Projects.
About Falcon Gold Corp.
Falcon is a Canadian, mineral exploration company focused on generating, acquiring, and exploring
opportunities in the Americas. Its Ontario, Canada projects include: The Central Canada gold and copper
projects in Atikokan; The Bruce and Camping lake projects in Red lake; The Wabunk Bay base metal project
in Red Lake and an interest in the Burton gold property located near Sudbury.
CONTACT INFORMATION:
Falcon Gold Corp.
Karim Rayani
CEO, Director
Telephone: 604-683-1991
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Email: [email protected]
Cautionary Language and Forward-Looking Statements
This news release may contain forward looking statements including but not limited to comments regarding the
timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward
looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.