Falcon Doubles the Size at Hope Brook to 41,500 Hectares, Adjacent to Benton-Sokoman’S Lithium Discovery
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON DOUBLES THE SIZE AT HOPE BROOK TO 41,500 HECTARES,
ADJACENT TO BENTON-SOKOMAN’S LITHIUM DISCOVERY
Vancouver, B.C., October 14, 2021. FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF:
OTCQB); ("Falcon" or the “Company”) is pleased to announce it has doubled the size of the Hope
Brook project making us one of the larger land holders in the Hope Brook Camp. Falcon has now
staked a total of 1660 claims totaling 41,500 hectares which are strategically located and
contiguous to First Mining Gold, Benton-Sokoman, and Marvel Discovery Corp . Of paramount
importance Sokoman made rec ent headlines on its lithium pegmatite discovery at Hope Brook
less than 400 meters from our newly expanded property boundary. The highly prospective
ground held by Falcon shows various lithium clusters that may extend onto our ground. Falcon is
currently evaluating the data from the government reports which include high resolution
radiometric and magnetic surveys previously completed.
Falcon’s Chief Executive Officer, Karim Rayani commented, “This newly expanded ground could
not have happened at a more precise time, Benton- Sokoman just announced today 2.2 km long
.85 km- wide meter dyke system called the “Kraken Pegmatite System Swarm” . Identifying fine
grain spodumene in several key areas. Of k ey importance they note the area is wide open for
expansion, less than 400 meters from our property boundary and looks to be a parallel structure.
This speaks to the multi-commodity nature of the large land package we have acquired. Falcon’s
land is situated in a very active structural corridor giving us a tremendous opportunity for finding
the next potential di scovery in this camp. We now have 41,500 Hectares under Falcon’s control
at Hope Brook.”
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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Figure 1. Regional location of Falcon’s Hope Brook gold property.
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 now owned
by First Mining has since been optioned to Big Ridge Exploration who have outlined an additional
6.33 million tonnes at an average grade of 4.68 g/t Au for 954,000 ounces of gold in the indicated
and inferred categories ( https://firstmininggold.com/projects/partnerships/hope-brook-
project/).
Falcon’s land position straddles both the eastern and western extents of recent land acquisitions
by the Benton -Sokoman JV partnership with Falcon now controlling areas of considerable
structural complexity marked by large scale fold and fault structures which provide important
structural controls (traps) for gold mineralization within this area and potentially lithium now.
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Figure 2. Location of Falcon’s Hope Brook gold property contiguous to First
Mining, Matador and the Sokoman-Benton joint venture.
Qualified Person
Mr . 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.
The QP has not completed sufficient work to verify the historic information on the properties
comprising the Hope Brook property, particularly regarding historical exploration, neighboring
companies, and government geological work. The information provides an indication of the
exploration potential of the Property but may not be representative of expected results.
Falcon’s Hope Brook Gold Property
Falcon’s new land acquisition 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 (Figure 2). Rock lithologies and structures on the property are also
related to those associated with Marathon Golds Valentine Gold Deposits, Sokoman’s
About Falcon Gold Corp.
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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 southea st 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 Riojo 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, 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 mater ially
from those currently anticipated in such 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, e tc. Forward looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ mater ially
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.