Pinks Falcon Acquires Strategic Land Position IN Hope Brook, Adjacent to First Mining, Sokoman and Marvel Discovery
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTC PINKS
FALCON ACQUIRES STRATEGIC LAND POSITION IN HOPE BROOK,
ADJACENT TO FIRST MINING, SOKOMAN AND MARVEL DISCOVERY
Vancouver, B.C., July 13, 2021. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS);
("Falcon" or the “Company") is pleased to announce it has acquired a significant land position
within the Hope Brook Area, Newfoundland. Falcon has now staked a total of 996 claims (24,900
hectares) which are strategically located and contiguous to First Mining Gold, Sokoman Minerals-
Benton joint venture, and Marvel Discovery Corp (Figure 1).
Figure 1. Regional location of Falcon’s Hope Brook gold property.
FALCON GOLD CORP.
110 – 175 Victory Ship Way
North Vancouver, BC, V7L 0B2
VANCOUVER TEL: (604) 670-0019
TORONTO TEL: (416) 477-1220
www.falcongold.ca
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Falcon’s Chief Executive Officer, Karim Rayani commented, “Exploration activity within
Newfoundland continues to accelerate with no sign of slowing down . We are thrilled to position
Falcon Gold in this very strategic land position. The Hope Brook mine was and is a very significant
gold deposi t intimately associated with structure. Falcon’s land is situated in a very active
structural corridor giving us a tremendous opportunity for success. This key acquisition covers
996 claims totaling 24,000 hectares and is directly tied onto First Mining; Sokoman & Benton’s JV
and now Marvel Discovery.”
Within this immediate area, the most significant deposit is the Hope Brook gold mine which was
in production from 1987 to 1997 producing 752,163 ounces of gold. The Hope Brook deposit is
now owned by Coastal Gold Corp who have outlined an additional 6.33 million tonnes at an
average grade of 4.68 gpt Au for 954,000 ounces of gold in the indicated and inferred categories
(https://firstmininggold.com/projects/partnerships/hope-brook-project/).
Falcon’s Hope Brook Gold Property
Falcon’s new land acquisition is hosted within the Exploits Subzone of the central Newfoundland
gold belt. The property covers extensions or is proximal to two major structures linked to
significant gold prospects (Cape Ray, Matador Mining) and deposits (Hope Brook, First Mining) in
southern Newfoundland (Figure 2). Rock lithologies and structures on the property are also
related to those associated with Marathon Golds Valentine Gold Deposits, Sokoman’s
Moosehead gold project and New Found Gold’s Queensway gold project. Falcon’s land position
straddles both the eastern and western extents of recent land acquisitions by the Sokoman/
Benton JV partnership with Falcon now controlling areas of considerable structural complexity
marked by large sca le fold and fault structures which provide important structural controls
(traps) for gold mineralization within this area.
Figure 2. Location of Falcon’s Hope Brook gold property contiguous to First Mining and the Sokoman-
Benton joint venture.
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Qualified Person
Mr . Mike Kilbourne, P . Geo, an independent qualified person as defined in National Instrument 43-
101, has reviewed, and approved the technical con tents of this news release on behalf of the
Company.
The QP has not completed sufficient work to verify the historic information on the properties
comprising the Hope Brook property, particularly regarding historical exploration, neighboring
companies, and government geological work. The information provides an indication of the
exploration potential of the Property but may not be representative of expected results.
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.
The Company holds 5 additional projects. The Camping Lake Gold property and the Springpole
West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold
property near Sudbury Ontario ; and in BC, the Spitfire-Sunny Boy Gold Claims and the Gaspard
property.
CONTACT INFORMATION:
Falcon Gold Corp.
“Karim Rayani”
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
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 d efined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.