Pinks Falcon Creates Argentine Company – Falcon GOLD Latamarg S.a. to Manage South American Exploration
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTC PINKS
FALCON CREATES ARGENTINE COMPANY – FALCON GOLD LATAMARG
S.A. TO MANAGE SOUTH AMERICAN EXPLORATION
Vancouver, B.C., April 27, 202 1. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS) ;
("Falcon" or the “Company”) creates Falcon Gold LatamARG S.A. (“LatamARG”) to manage the day to day
operations and have a direct presence on the ground on the newly acquired Esperanza project in
Argentina. LatamARG will be headed by country manager Mr. Juan Carlos Navas Diaz, a Venezuelan citizen
with permanent residence in Argentina.
Mr. Navas is a senior executive with over 25 years of experience in corporate finance, management and
operations in mining, and energy. Mr. N avas was a Country Manager Argentina in CruzSur Energy &
President of Alianza Petrolera Argentina S.A.; currently also Mr. Navas is responsible for the claim for
mining rights of Chicanan East, West and El Callao, located in Bolívar state in Venezuela, pro perty of
Venezuelan companies handled by Grupo ValGold de Venezuela C.A. and Grupo Global Horizon C. A.,
where Mr. Navas is President and Founding Director since 2006. He was a Founding Director and VP of
Administration & Finance of the Group: Bolívar Gold, Gran Colombia Resources, Antill Invest House, Geo
Expert and Campos de Oro C.A. Other positions held by Mr. Navas include the International Marketing
Manager at Antill Invest House & Skalar Analytical BV, National Marketing Coordinator at Industrias
Ventane C.A. - Vengas Group, now PDVSA Gas, and Banking Agencies Coordinator in Maracay Entidad de
Ahorro y Préstamo - BANAP.
Mr. Navas is a graduate of the UCV in Statistics and Actuarial Sciences, Public Accounting and has a
Master’s in Business Administration (Honors).
Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, “I’m pleased to welcome Mr. Navas to
the Falcon Team. Having a local presence in Argentina will help streamline operations as we prepare the
necessary permitting to begin our first phase of exploration in the coming weeks. “
Qualified Person
Dr. Daniel Rubiolo, P. Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards
of Disclosure for Mineral Projects has reviewed and approved the technical content of this news release.
About Falcon Gold Corp., the Central Canada Gold Mine Project, and Jack Lake Trend
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
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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20 k m south east of Agnico Eagle’s Hammond Reef Gold Deposit which has currently 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). The Hammond
Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off of 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.
History of Central Canada gold mine includes;
1901 to 1907 - Shaft constructed to a depth of 12 m and 27 oz of gold from 18 tons using a stamp mill.
1930 to 1934 – Central Canada Mines Ltd. installed a 75 ton per day gold mill. Development work included
1,829 m of drilling and a vertical shaft to a depth of 45 m with about 42 m of crosscuts and drifts on the
100-foot level. In December, 1934 the mine had reportedly outlined approximately 230,000 ounces of
gold with an average grade of 9.9 g/t Au.
1935 – With the on-going financial crisis of the Great Depression, the Central Canad a Mines was unable
to fund operations and the mine ceased operations.
1965 – Anjamin Mines completed diamond drilling and in hole S2 returned a 2 ft section of 37.0 g/t Au
and hole S3 assayed 44.0 g/t Au across 7 ft.
1985 – Interquest Resources Corp. drilled 13 diamond holes totaling 1,840 m in which a 3.8 ft intersection
showed 30.0 g/t Au.
2010 to 2012 – TerraX Minerals Inc. conducted programs that included line cutting, geological surveys and
363 m of drilling.
2020 – Falcon Gold Corp. completed its inaugural 17-hole program totaling 2,942.5 m of core.
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 ti ming 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 mate rially
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.