Falcon Completes Earn IN Requirements at Central Canada FOR 100% Control -GOLD-Cobalt-Polymetallic Flagship Asset Newfoundland Exploration Underway
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON COMPLETES EARN IN REQUIREMENTS AT CENTRAL CANADA FOR
100% CONTROL -GOLD-COBALT-POLYMETALLIC FLAGSHIP ASSET
NEWFOUNDLAND EXPLORATION UNDERWAY
Vancouver, BC, June 9, 2022 – Falcon Gold Corp. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (“Falcon Gold”
or the “Company”) is pleased to announce the completion of the option and work requirements on the
Central Canada project to earn its 100% interest in the project located in the Hutchinson Township,
Ontario.
Falcon has completed all its cash share and exploration expenditures over the 4 -year option. Falcon has
the right to purchase half of the 2% NSR (Net Smelter Royalty ) for a payment of $ 1,000,000, leaving the
vendors with 1%. With annual production pre-payments of $ 10,000 which will be deducted against future
royalty payments.
The Company previously announced February 2, 2022, and April 4, 2022, the planning and expansion of
phase 3 drilling to commence early March however due to drill crew delay and availability we had to
push back the start date. Currently, due to increased water levels in rivers in the area the Ministry of
Northern Development, Mines, Natural Resources, and Forestry issued a flood warning late May as
water levels had increased blocking access to the project. The Company is monitoring the situation and
will report back when the situation clears.
The Company has decided for the near term to focus on its Central Newfoundland project portfolio and
is pleased to report crews have been mobilized at our Gander North and South projects and at our
Golden Brook project with Joint Venture partner Marvel Discovery Corp. (TSX.V MARV). The Company
will be following up with a more detailed news release on the exploration underway in Newfoundland in
the coming days.
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
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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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 9 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:
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.