Falcon Completes Airborne Magnetic Survey over Gaspard, Spences Bridge District
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON COMPLETES AIRBORNE MAGNETIC SURVEY OVER GASPARD,
SPENCES BRIDGE DISTRICT
Vancouver, B.C., September 28, 2022, FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF: OT CQB);
("Falcon" or the “Company”) is pleased to announce the completion of a fixed wing airborne magnetic
survey over the Gaspard gold project (the “Property”).
The Gaspard Property comprises 3 mineral claims, covering 3,955 hectares (“ha”) 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 Temp us Resources (ASX:TMR). The Property has year -
round, all-season road access with a good network of active logging roads.
Falcon's Chief Executive Officer, Karim Rayani, commented: "We look forward to reviewing the airborne
data, and integrating this with the success of our water stream sampling program to focus in on the highest
priority targets. We have potentially outlined a large gold source that is supplying six separate drainage
systems. We look forward to reporting back once the data has been analyzed.”
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. Regional geological and structural setting of the Gaspard Project.
The airborne survey covered the entire Gaspard block which included 347- line kilometers of magnetic
and radiometric surveying. The purpose of this was to delineate and map subsurface features identified
in previous programs. On February 3, 2022, Falcon released results from its 2022 field program receiving
heavy mineral concentrates from three creek drainages which assayed 0.236 gram per tonne gold, 1.097
g/t Au and 0.525 g/t Au (see press release dated February 3, 2022) . The stream sediment samples were
collected over three kilometres southeast of previous and historical anomalous stream samples taken in
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1990 from four parallel drainage patterns. Total apparent length of a gold anomaly that would support an
extensive drainage system at Gaspard is now five km in length.
The Property
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 B C (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 reported 614 g/t Au and 2,070 g/t silver over 0.45 m within
41.55 m 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 26 km to the south was a former mine having produced 225,000 tonnes of gold
at an average grade of 20 g/t Au. Current National Instrument 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.
Qualified Person
Mike Kilbourne, 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 m ining camp; a 49% interest in the Burton
Gold property with Iamgold near Sudbury Ontario; in B.C., the Spitfire -Sunny Boy, Gaspard Gold claims;
the Great Burnt, Gander North/South, Valentine Gold South, Victoria West, and Golden Brook acquisitions
adjacent to First Mining, Matador, Benton-Sokoman’s JV, and Marvel Discovery in Central Newfoundland;
and most recently Battery Metals projects in Ontario and Quebec, The Timmins West and Outarde
Property.
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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 futur e 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.