Falcon Expands Land Package ON Its Wabunk BAY Platinum Palladium Base Metals Project IN Red Lake Ontario
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NEWS RELEASE FG: TSX-V
FALCON EXPANDS LAND PACKAGE ON ITS WABUNK BAY PLATINUM
PALLADIUM BASE METALS PROJECT IN RED LAKE ONTARIO
Vancouver, B.C., February 11, 2020 . FALCON GOLD CORP. (FG: TSX -V) (“Falcon” or the “Company”)
reports it has expanded the land position at its Wabunk Bay – AU-PGM-CU-NI project, located in the Red
Lake District of northwestern Ontario . The c ompany has staked an additional 25 units totaling 550
hectares of land.
The Wabunk Bay project is located within the Uchi geological subprovince which hosts ; the world-
renowned Red Lake gold deposit s, the Dixie project currently being drilled by Great Bear Resources
(GBR.V), and the historic producing South Bay Mine (1.6 Mt. at 14% Zn, 2.5% Cu and 120 g/t Ag).
The acquisition of the land is a strategic move to include a large mafic intrusion which boasts massive
sulphide mineralization discovered by Selco Exploration Co. Ltd. in 1970 including a 45-meter interval of
varying semi -massive to massive sulphide mineralization. Campbell Island Mines also noted a large
magnetic anomaly over this area in 1956 but little work has been done to assess the economic potential.
The company plans to explore for Ni, Cu, Pt, Pd as the mafic intrusion immediately west (optioned by
Falcon) historically hosts base and precious metals. Highlights of this include 2.66% Cu and 0.39% Ni over
6.9 m from diamond drilling by Campbell Island Mines. Falcon ‘s 2019 brief field program resulted in grab
samples assaying up to 760 ppb Au, 2720 ppm Ni, 4780 ppm Cu, 171 ppb Pd, and 221 ppb Pt.
The property expansion includes a large regional structure, named the Uchi Lake Deformation Zone
“ULDZ” which holds the potent ial for gold mineralization . This area is currently being explored by Argo
Gold Inc. (ARQ:CSE) on their Woco Gold project ~6km southwest along the ULDZ . ARQ’s recent
announcement has indicated that Eric Sprott has intended to take up the entire offering of the 1,200,000
units (“Units”) at a price of $0.09 per Unit . The Woco zone is a vein -hosted gold discovery with historic
intersections of up to 51.9 g/t Au over 1.31 meters and recent drilling reported by Argo Gold Inc. of 132
g/t Au over 1.8 metre s. This zone also exhibits vein -style similarities with the Uchi Mine, 1.3km north,
which reportedly produced a total of 114,467 oz Au and 14,345 oz Ag from 757,074 tons (milled). The
ULDZ is a significant regional structure along the southern boundary of the Uchi subprovince with highly
prospective splays. This area is presently undergoing gold exploration.
With the addition of 550 hectares immediately to the south and east of its optioned claim package, Falcon
now holds directly and indirectly an interest in approximately 1,192 hectares.
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P. Geo.,
who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral
Projects.
FALCON GOLD CORP.
1100 – 1111 Melville St
Vancouver, BC, V6E 3V6
+1 604-683-1991
www.falcongold.ca
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About Falcon Gold Corp.
Falcon is a Canadian, mineral exploration company focused on generating, acquiring, and exploring
opportunities in the Americas. Its Canadian projects include; the Central Canada gold and copper projects
in Atikokan, Ontario, the Wabunk Bay gold, base metal project in Red Lake, Ontario and an interest in the
Burton gold property located near Sudbury, Ontario. Falcon also has an agreement to acquire the
Esperanza gold, copper project located within the Sierra de Las Minas District, Argentina.
CONTACT INFORMATION:
Falcon Gold Corp.
Karim Rayani
CEO, Director
Telephone: 604-683-1991
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 futur e 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 d efined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.