Falcon Applies FOR Work Permits at Hope Brook
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON APPLIES FOR WORK PERMITS AT HOPE BROOK
Vancouver, B.C., September 17, 2021. FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF:
OTCQB); ("Falcon" or the “Company”) is pleased to announce it s exploration plans on its Hope
Brook Project which is strategically located contig uous to Sokoman – Benton Joint Venture ,
Marvel Discovery and First Mining’s ground which is optioned to Big Ridge Exploration . The
company has filed it initial permits for its first phase of exploration which includes high resolution
magnetic gradiometry surveys a proven method to sort the structural complexities in geological
terranes. The Company will also be sending prospecting crews to the area to begin baseline
prospecting to determine if the magnetic trends highlighted in regional government surveys are
due to similar mineralized structures as those hosting the nearby Sokoman / Benton new Lithium
discovery.
Figure 1. Location of Falcon’s Hope Brook gold property contiguous to First Mining and the Sokoman-
Benton joint venture.
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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Most recently Sokoman/Benton made headlines announcing the first High Grade Discovery of
Lithium bearing pegmatites at their Golden Hope project. It is important to note this discovery is
less than 1 km away from our recent property expansion in the area. The 35 grab and chip
samples are noted in the Sokoman/Benton NR (September 16th 2021) were collected over a 2 km
distance. Their sampling program confirmed that the presence of pegmatite, and the first
significant occurrence of Lithium documented in the province of Newfoundland and Labrador,
Canada.
Karim Rayani Chief Executive Officer commented , “Falcon and our sister company Marvel
Discovery have made a lot of noise as of late not only in acquiring sizable land positions tied on
to major structures but also following the structures to find what w e believe are hidden gems
that were overlooked and passed by. Sokoman and Benton ’s new Lithium discovery being less
than a 1 km away is a testament to our business model.”
Falcon's Hope Brook 24,900 hectare property 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. Rock lithologies and structures on the property are also
related to those associated with Marathon Gold's Valentine gold deposits, Sokoman's
Moosehead gold project and New Found Gold's Queensway gold project. Falcon's land po sition
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 -scale fold and fault structures, which provide i mportant structural
controls (traps) for gold mineralization within this area.
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., which has outlined an additional 6.33 million tonnes at an
average grade of 4.68 grams per tonne gold for 954,000 ounces of gold in the indicated and
inferred categories.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne,
P .Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure
for Mineral Projects.
The QP and the Company has not completed sufficient work to verify the historic information on
the properties comprising the Great Burnt property claim group particularly regarding historical
exploration, neighbouring companies, and government geological work.
About Falcon Gold Corp.
Falcon is a Canadian mineral explor ation 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 has
currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral
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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.
The Company holds 7 additional projects. 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 m ost recently the Great
Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Sokoman -Benton’s JV,
and Marvel Discovery in Central Newfoundland.
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.
This news release may contain forward looking statements including but not limited t o 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. Act ual 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.