Falcon Commences Work at Gaspard GOLD Project - Spences Bridge BC
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON COMMENCES WORK AT GASPARD GOLD PROJECT - SPENCES BRIDGE BC
Vancouver, B.C., August 11, 2021. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); ("Falcon"
or the “Company") is pleased to announce it has commenced field work on its Gaspard Gold Project (the
‘Property’) near Spences Bridge , BC. The Gaspard property is comprised of 3 mineral claims, covering
3,955 hectares in the Clinton Mining District of central British Columbia (Figure 1). The Property covers
similar geology to the Spences Bridge Gold Belt (the “SBGB”) that hosts Westhaven Gold Corp.’s
(TSXV:WHN) Shovelnose gold project and the Blackdome Zone gold -silver deposit owned by Tempus
Resources (ASX:TMR).
Figure 1. Regional location of the Gaspard Gold Project.
The company will be conducting prospecting, field reconnaissance mapping and sampling. The objective
of the exploration program will be to delineate and constrain the styles of gold mineralization and assess
the geological setting . Historical exploration programs reported anomalous heavy mineral concentrate
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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stream sediments returning grades from 94 ppb Au to 5,910 ppb Au within four adjacent streams, defining
a continuous gold anomaly over an upstream distance of 1.8 kilometers (“km”). Follow-up B-horizon soil
sampling across the headwaters of the four streams supported the stream sediment sampling results with
a gold-in-soil anomalies over a corridor covering 1 km long with values from trace to 1127 ppb Au. Much
of the claims to the southeast remain to be tested.
The Property has year-round, all-season road access with a good network of active logging roads. The City
of Williams Lake located 60 kilomet res northeast of the Property is a regional supply centre for mining,
logging and ranching.
The Spences Bridge Gold Belt
The SBGB forms a northwest trending belt of Cretaceous-aged, volcaniclastic and sedimentary rocks 430
km long and up to 24 km wide extending in central BC (Figure 2). The relatively underexplored volcanic
rocks are highly prospective for low -sulphidation epithermal gold mineralization. Recent drilling on the
Shovelnose Gold Project by Westhaven Gold Corp. reported 614 g/t Au and 2,070 g/t Ag over 0.45 m
within 41.55m of 8.17 g/t Au and 34.64 g/t Ag (see press Westhaven press release dated June 1, 2021).
The Blackdome Zone located 26km to the south was a former mine having produced 225,000 of gold at
an average grade of 20 g/t Au . Current 43 -101 compliant resources completed by SRK in 2010 report
144,500 tonnes Indicated grading 11.29 g/t gold and 50.01 g/t silver, and 90,600 tonnes Inferred grading
8.79 g/t gold and 18.61 g/t silver, Tempus Resources.
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Figure 2. Regional geological and structural setting of the Gaspard Gold Project.
Commentary
Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, “We are excited to initiate boots on the
ground sampling and mapping at the Gaspard Gold Project. The SBGB is a highly prospective,
underexplored gold belt that has proven to host high-grade gold and silver veins. Historical stream and soil
sediment sampling has highlighted a large anomalous area that warrants follow -up. We look forward to
receiving the results of this highly anticipated exploration program."
Qualified Person
The technical content of this news release has been reviewed and approved b y Mike Kilbourne, P.Geo.,
who is a Qualified Person as defined by National Instrument 43 -101, Standards of Disclosure for Mineral
Projects.
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The QP and the Company has not completed sufficient work to verify the historic information on the
properties comprising the Shaw Gold Property, particularly regarding historical exploration, neighbouring
companies, and government geological work.
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
20 km south east of Agnico Eagle’s Hammond Reef Gold Deposit.
The Company holds 6 additional projects. The Camp ing Lake Gold property and 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 Hope Brook acquisition adjacent to First Mining, Sokoman-Benton’s JV in 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.
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.