Falcon Receives Exploration Drill Permit-Central Canada Project
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NEWS RELEASE FG: TSX-V
FALCON RECEIVES EXPLORATION DRILL PERMIT-CENTRAL CANADA PROJECT
Vancouver, B.C., March 11, 2020. FALCON GOLD CORP. (FG:TSX-V), (3FA:GR) ; ("Falcon" or the
Company") is pleased to announce it has received an exploration and drill permit to carry out activities
on its gold, silver, and copper prospects on its Central Canada project in Atikokan, Ontario . The permit
includes > 20 drill pad locations, overburden trenching, and geophysical survey s 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 has been completed to ensure the accurac y
of the data before larger scale drilling, trenching and geophysics is commenced.
Multiple gold, copper, cobalt and other metals occurrences have been discovered on the approximate
3,200-hectare property in a variety of geological settings – none of which has b een sufficiently pursued
to determine economic potential for mining. The table below highlights some of the historical gold
drilling results.
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
Gold prospects in the Central Canada Project are typ ically associated with metavolca nics 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.
The largest nearby deposit discovered to date is represented by the Sapawe Gold Mine which 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. Signif icant gold mineralization has also been
identified in the halo of the original Sapawe Mine of up to 24 g/t.
FALCON GOLD CORP.
Suite 520 – 470 Granville Street
Vancouver, BC, V6C 1V5
TEL: (604) 683-1991
FAX: (604) 683-8544
www.falcongold.ca
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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
and 23.3 meters @ 1.83 g.t gold in 2012 by Terrex Minerals. 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.
Qualified Person
The technical content of this news release has been review ed 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.
About Falcon Gold Corp.
Falcon is a Canadian, mineral exploration company focused on generatin g, acquiring, an d exploring
opportunities in the Americas. Its Ontario, Canada projects include: the Central Canada gold and copper
projects in Atikokan; the Bruce and Camping lake pr ojects 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
Email: [email protected]
Cautionary Language and Forward-Looking Statements
This news release may contain forward looking statements including but not limited to comments regard ing the
timing and content of upcoming work programs, geological i nterpretations, receipt of property titles, etc. Forward
looking statements address futu re events and conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such statemen ts.
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 accura cy of this release.