Falcon Announces Initial Surface Sampling Results at Gander North and Filing of Drill Permit
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON ANNOUNCES INITIAL SURFACE SAMPLING RESULTS AT GANDER NORTH
AND FILING OF DRILL PERMIT
Vancouver, B.C., September 1 5, 2022, FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB);
("Falcon" or the “Company”) is pleased to announce that exploration has commenced at the Company’s
100% owned Gander North Property, with initial results now available from its reconnaissance exploration
program. The project commenced in late June, with initial prospecting and till sampling. Preliminary
efforts have identified numerous evidence for quartz veins, including subcrop and float. Surface samples
collected to date have been submitted for assay; and initial results have returned values of up to 885 ppb
gold from sub cropping quartz veins, up to 0.15% copper, and up to 26.8 gpt silver from quartz float.
Several samples have returned anomalous tungsten, and further analysis is required to confirm the
content. Initial results for g old are presented in figure 1. Multiple geophysical targets were identified
over the project area earlier this year through review of publicly available datasets, and these will be the
focus of ongoing reconnaissance. Detailed work, including systematic sampling and geological mapping
will commence this fall to better define targets in advance of drilling. Work permit applications have been
submitted for the drill program, and approval is pending.
Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, “Excellent progress is being made at our
Gander North project, preliminary results are more than just encouraging with surface samples as high as
885 ppb gold. We now have multiple geophysical targets to go after that have been identified - with the
help of publicly available data sets, we have now submitted our drill plan application and are awaiting
final approval for our inaugural drill campaign. This is an opportunistic time for Falcon, as we have set
ourselves apart from our peers. W e control a sizeable area of influence totaling 108,000 hectares when
combining this with our JV partner Marvel Discovery at Baie Verte and Golden Brook the number jumps to
150,000 hectares making us one of the dominant players on the island. We look forward to reporting back
on the remaining sample results with the drill permit news when received.”
About the Gander North Property
The Gander North Property is comprised of 406 claims within two blocks covering 10,150 hectares, and is
located in two blocks, one immediately south of Gander, Newfoundland (see figure 1), and the second
block immediately east of the town. The property occurs within the Gander Zone and is proximal to the
FALCON GOLD CORP.
615 – 800 West Pender Street
Vancouver, BC, V6C 2V6
VANCOUVER TEL: (604) 670-0019
TORONTO TEL: (416) 477-1220
www.falcongold.ca
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Figure 1 - Initial results from 2022 sampling stations at the Gander North Property.
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Dog Bay-Appleton-Grub fault system, a crustal scale zone that extends southwest from the north coast of
Newfoundland for nearly 200km to Gander. Structural corridors in central Newfoundland have shown to
be intimately associated with recent gold discoveries including New Found Gold’s Queensway project
located approximately 9km from Falcon’s project, an area of considerable potential that made national
headlines recently in an article by the Financial Post (https://financialpost.com/commodities/mining/eric-
sprott-makes-his-biggest-bet-yet-on-what-he-believes-could-be-the-greatest-gold-discovery-in-the-
history-of-canada).
Northeast trending structural lineaments first recognized by Gander Gold have returned spectacular
results from soil geochemistry sampling surveys as evidenced with recent published results of 1432 parts
per billion gold. These NW trending zones are interpreted to continue onto Falcon’s Gander North
Property. An interpretation of the regional magnetics show NNE trending, ophiolite bearing thrust faults
are cross-cut by a series of brittle NE trending fault -fractures, which indicate a regional setting similar to
the highly prospective eastern Exploits Subzone (see fig ure 2). Gold mineralization models along the
Exploits Subzone are based on structural settings analogous to those reported for Fosterville in Victoria,
Australia (https://exploitsdiscovery.com/projects/). Tungsten mineralization models indicate a common
association with intrusion- related gold deposit ion that have a genetic association to felsic intrusions ,
particularly within cratonic margins or back -arc positions relative to continental margin arcs, or within
continental collisional settings.
Reference Gander Gold: https://www.stockwatch.com/News/Item/Z-C!SASY-3181872/C/SASY
Qualified Person
Greg Robinson, P. Geo, an independent qualified person as defined in National Instrument 43 -101, has
reviewed, and approved the technical contents of this news release on behalf of the Company.
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
20km southeast 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 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 Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located
in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The
Springpole West Property in the world -renowned Red Lake mining camp; a 49% interest in the Burton
Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire -Sunny Boy, Gaspard Gold
claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First
Mining, Matador, Benton-Sokoman’s JV, and Marvel Discovery in Central Newfoundland.
CONTACT INFORMATION:
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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 looki ng 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.