Falcon Completes Site Visit & Technical Report ON the Esperanza GOLD Project Argentina
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON COMPLETES SITE VISIT & TECHNICAL REPORT ON THE
ESPERANZA GOLD PROJECT ARGENTINA
Vancouver, B.C., March 8, 2022. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB);
("Falcon" or the “Company ”) is pleased to inform a technical report has been completed on
Esperanza Gold Project in La Rioja province Argentina. Dr. D. Rubiolo, QP for the project
completed a site visit on December 5th 2021.
Falcon has implemented a diversification strategy by acquiring the Esperanza Gold concessions
covering an aggregate area of 1 0,303 hectares. The concessions are road accessible, located
approximately 55 kilometers south -southeast of the town of Chepes , this area contains
prospective sheared quartz veins hosted in granitoid rocks of early Paleozoic age. High-grade gold
mineralization was reportedly first discovered at end of 19th century at the Callanas, followed by
limited mining conducted on a gold, silver, and copper zone.
In 1995, the Japan International Cooperation Agency (JICA) studied and completed; mapping,
surface sampling, ground geophysical surveys, and drilling providing information on 30 different
gold mineralization locations and historical mines throughout the area. JICA further drilled 900
meters of diamond drilling on the Callanas. Two of the holes returned encouraging intercepts
assaying one m eter at 9.11 g/t Au, 28.59 g/t Ag and 0.42 m at 24.3 g/t Au, 61.10 g/t Ag. More
recently, Esperanza Resources has reported that the Callanas West zone has been followed along
a northwest-southeast strike for approximately 4,000m.
Falcon Gold Corp (2018 -2019) signed an initial agreement with Esperanza Resources S.A. and
carried out a preliminary prospection collecting 73 samples. Results revealed high grade gold
mineralization up to 50.12 g/t over 0.6m sheared-veins structures.
Table 1: Significant results for the 2018-2019 exploration program on Esperanza Project (Assays
over 1g/t Au, from Falcon new s release dated Jan 7th, 2019, and unpublished data from SGS
laboratories certificates on samples collected in September 2019 ; shaded in grey are assays of
samples collected outside Esperanza property, see Technical Report).
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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SampleID Date
(m/yy) Type Concession Area Width
(m) Au g/t Ag ppm Cu ppm
40078 Sep-19 Outcrop E-XIII Callanas East 0.60 50.12 2.5 664
40050 Oct-18 Outcrop Callana IV outside property 0.50 45.71 >100 7869.6
40069 Sep-19 Outcrop E-XIII Pto. La Mina 0.60 45.25 3.1 4300
40087 Sep-19 Outcrop E-XIII Callanas East 0.20 35.59 7.4 >10000
40068 Sep-19 Outcrop E-XIII Callanas East 0.50 30.73 0.3 258.1
40033 Oct-18 Float E-8 3rd Lineament n.a. 28.43 92 596.1
40089 Sep-19 Float E-VI La Canada n.a. 28.32 93.2 >10000
40048 Oct-18 Outcrop Callana V outside property 0.80 28.23 >100 >10000
40040 Oct-18 Outcrop Callana III outside property 0.50 27.03 >100 >10000
40053 Oct-18 Outcrop M.Aguero outside property 1.00 24.75 19.9 6182.9
40052 Oct-18 Outcrop M.Aguero outside property 0.60 23.13 4 8200.4
40044 Oct-18 Outcrop E-XIII Callana VII 0.40 22.16 11.9 597.5
40061 Sep-19 Outcrop E-XIII Callanas West 0.50 21.15 28.2 7744.2
40042 Oct-18 Outcrop Callana VI outside property 0.40 18.45 >100 9122.4
40032 Oct-18 Outcrop E-8 3rd Lineament 0.30 15.63 8.2 >10000
40081 Sep-19 Outcrop E-XIII Callanas West S 1.40 11.76 >100 >10000
40070 Sep-19 Outcrop E-XIII Callanas East 0.80 10.46 1.4 506.4
40098 Sep-19 Outcrop E-2 San Isidro North 0.20 10.21 20 1848.7
40036 Oct-18 Float E-8 3rd Lineament n.a. 6.92 55.4 3250.4
40073 Sep-19 Outcrop E-XIII Callanas East 0.40 6.50 1.3 852.9
40086 Sep-19 Outcrop E-XIII Callanas East 0.30 5.87 1.3 103.4
45571 Jan-18 Outcrop E-XIII Callanas Este N 1.00 5.62 0.4 308
40041 Oct-18 Outcrop Callana VI outside property 0.40 4.36 31.9 7849
40099 Sep-19 Outcrop E-XIII 1.50 2.96 1.3 6643.2
45570 Jan-18 Outcrop E-XIII Callanas Este N 0.30 1.97 <0.2 391.9
40083 Sep-19 Outcrop E-XIII Callanas East 0.10 1.75 1.2 1616.4
40049 Oct-18 Outcrop E-XI 0.30 1.44 8.8 491.8
40092 Sep-19 Outcrop E-2 1.50 1.28 7.8 1233.9
40088 Sep-19 Outcrop E-XIV Valentina 0.25 1.12 46 >10000
40047 Oct-18 Outcrop E-XIII 0.10 1.04 >100 >10000
On November 7 th, 2021 Falcon announced its intent to spin -out its Argentina Gold Asset to
Latamark Resources Corp., a wholly owned subsidiary of Falcon Gold. The Company is now
finalizing details of the transaction and its reporting requirements needed for shareholder
approval. Falcon can make no assurances that a spinout will take place as it is subject to several
conditions that include board approval, satisfying the TSX Venture requirements, legal and tax
ramifications, determining the final details of the transaction, receip t of all regulatory approval,
the availability of financing for the new subsidiary, and the overall market conditions. Falcon will
release further details as they are available.
Qualified Person
The technical content of this news release has been reviewed and approved by Dr. Daniel
Rubiolo, P.Geo., who is a Qualified Person as defined by National Instrument 43 -101, Standards
of Disclosure for Mineral Projects.
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About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused o n 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 8 additional projects. The Esperanza Gold/Silver/Copper mineral concessions
located in La Rioja Province, Argentina. 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. 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.