Falcon Gold Targets Expansion of High-Grade Gold System with New Exploration Permit Application at Central Canada Project, Ontario FG: TSXV 3FA: FRA
Falcon Gold Targets Expansion of High-Grade Gold System with New
Exploration Permit Application at Central Canada Project, Ontario
FG: TSXV
3FA: FRA
TORONTO
,
Nov. 11, 2025
/CNW/ -
Falcon Gold Corp
. (TSXV: FG) (FSE: 3FA) (OTCQB: FGLDF) ("Falcon" or the "Company") is pleased to announce it has
submitted an Exploration Permit Application to the Ontario Ministry of Energy and Mines for its 100%-owned Central Canada Gold Project, located near
Atikokan,
Ontario
. The permit will allow Falcon to drill up to 20 diamond drill holes focused on expanding known gold zones and testing newly defined high-priority targets
identified through the Company's 2021 exploration program.
Karim Rayani
, President and CEO of Falcon Gold, commented:
"The submission of our Exploration Permit represents the next step in unlocking the scale potential of the Central Canada Gold Project. Our prior
drilling confirmed multiple high-grade intercepts and continuity along a 1.6-kilometre corridor within a proven gold-bearing structure. We believe
we're only beginning to understand the size of this system — and with our Phase III program, we aim to connect the historic mine zones with newly
defined gold mineralization along strike."
The program marks the next step in Falcon's strategy to systematically advance and expand the Central Canada Gold System, which hosts both historical mine
workings and broad zones of near-surface gold mineralization. Falcon has retained Bjorkman Prospecting Inc. to lead the permitting process and manage drilling
operations.
Strategic Location in
Ontario's
Emerging Gold Corridor
The Central Canada Project is located 20 kilometres southeast of Agnico Eagle Mines'
Hammond Reef
deposit, which hosts 3.3 million ounces of gold in open pit
probable mineral reserves and 2.3 million ounces of measured and indicated mineral resources
1
. The project lies within the Marmion Terrane — the same Archean
crustal block that hosts
Hammond Reef
— and is underlain by a northeast-trending splay of the Quetico Fault Zone, a major regional gold-bearing structure.
Phase III Drilling to Build on High-Grade Results
The newly submitted permit supports Falcon's Phase III drilling, targeting 1.6 kilometres of strike length along the historic Central Canada Mine Trend. The
program will follow up on Falcon's Phase I and II drilling campaigns (2020–2021), where 15 of 17 drill holes intersected gold mineralization from surface to depth.
Highlighted intercepts include:
10.17 g/t Au over
3.0 m
starting at
67.0 m
depth (DH CC20-01)
2.8 g/t Au over
7.5 m
starting at 158.1 m depth (DH CC20-09)
1.57 g/t Au over
14.8 m
starting at
89.6 m
depth (DH CC-2012)
18.6 g/t Au over
1.0 m
starting at
104.0 m
depth (intersection with visible gold in DH CC-20-01)
These results confirm the J.J. Walshe and parallel zones as part of a continuous gold system, open along strike and at depth. Falcon's next phase will test new
structural targets and potential extensions of the high-grade shoots that remain untested below the historical workings.
Falcon is working aggressively to renew and expand existing permits across its portfolio; previous drilling was halted due a series unfortunate forest fires and
flooding. The
Central Canada
project is Falcons most advanced stage project.
Advancing a Proven Gold System
The historic Central Canada Mine produced gold in the early 1900s from a shaft and underground workings developed on quartz vein systems up to 2 metres
wide. Falcon's recent work demonstrates that gold mineralization extends well beyond the old workings, hosted within sheared volcanic rocks and banded iron
formations — a geological setting comparable to
Hammond Reef
and other major Archean gold systems in the region.
Corporate Update
The Company also notes it has elected not to renew its property option on the Viernes project located in
Chile
as part of a strategic decision to consolidate
operations in
Canada
. The costs associated with maintaining a Chilean office and operating in that jurisdiction were not aligned with Falcon's near-term priorities.
This allows the Company to redirect capital and management focus towards our Canadian assets, where Falcon sees stronger long-term value and a more mining
friendly environment.
Qualified Person
The technical content of this release has been reviewed and approved by
Mike Kilbourne
, P.Geo., a Qualified Person as defined by National Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
References:
1
.
https://www.agnicoeagle.com/English/operations-and-projects/exploration-projects/hammond-reef/default.aspx
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the
Central Canada Gold Mine, is approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit which currently has an estimated 3.32 million
ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves and 2.3 million ounces of measured and indicated mineral resources (133.4 million
tonnes grading 0.54 g/t gold). Ref:
https://www.agnicoeagle.com/English/exploration/exploration-projects/Hammond-Reef/default.aspx
The Hammond Reef gold
property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The
Central Gold property lies on a similar major northeast-trending splay of the QFZ. The neighboring properties results do not necessarily apply to the current
project or property being disclosed
The Company holds multiple additional projects: a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; Spitfire-Sunny Boy, claims in
B.C.; Great Burnt Copper-Gold Project in
Central Newfoundland
, and most recently battery metals projects, Timmins West Nickel-Copper-Cobalt Property
Ontario, Outarde Nickel-Copper-Cobalt Property, and the Nickel North property in
Quebec
.
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.
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SOURCE
Falcon Gold Corp.
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For further information:
CONTACT INFORMATION: Karim Rayani, Chief Executive Officer, Director, Telephone: (604) 909-2070, Email: [email protected]
CO: Falcon Gold Corp.
CNW 10:51e 11-NOV-25