Falcon Gold Acquires 10,150 Hectares in Gander North, Adjacent to Sassy Resources - Plans High Resolution Magnetic Surveys
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
Falcon Gold Acquires 10,150 Hectares in Gander North, Adjacent to
Sassy Resources - Plans High Resolution Magnetic Surveys
Vancouver, B.C., January 1 9th, 2022. FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF:
OTCQB); ("Falcon" or the “Company") is pleased to announce it has acquired a significant land
position in the Gander North area via staking and cover 406 claims totaling 10,150 hectares. The
Company has immediate plans to commence high resolution magnetic surveys upon approval of
exploration permits. These new claims are located 25 kilometers due East of New Found Gold’s
Queensway Project and are contiguous to Sassy Resources Gander North Project which Sassy had
optioned from Shawn Ryan.
Figure 1. Regional location of Falcon’s Gander North Gold property.
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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Northeast trending structural lineaments first recognized by Sassy Resources to the immediate east
are interpreted to continue onto the Property. An interpretation of the regional magnetics shows
NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-
fractures, which indicate a regional setting similar to that to the highly prospective eastern Exploits
Subzone. Gold mineralization models along the Exploits Subzone are based on analogous structural
settings to those at Fosterville in Victoria, Australia (https://exploitsdiscovery.com/projects/).
Recent exploration by Sassy Resources on their Gander North Project have returned spectacular
results from soil geochemistry sampling surveys as evidenced with recent published results of 1,432
ppb Au in northeast trending zones.
Falcon’s Chief Executive Officer, Karim Rayani commented, “The Gander North Property marks
an exciting addition to our property portfolio - the recent soil sampling program released by Sassy
Resources and world -renowned prospector Shawn Ryan is further proof that we continue to
acquire land positions in highly prospective terrains, where our interpretations show a very high
probability of a continuation of a structural system running through our ground. We eagerly
await the exploration permitting approvals and the start of our detailed high resolution magnetic
surveys within our Gander Project Area.”
Falcon Gold Gander South 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 major structure, the Dog Bay -
Appleton-Grub Line fault system, a crustal scale fault zone that extends from the north coast of
Newfoundland, so uthwest through Gander and these structural corridors are intimately
associated with recent gold discoveries including New Found Golds Queensway Project. The
property lies within a domain of ambiguous geophysical signatures with the only coverage being
large-scale regional geophysical surveys and even with these coarse lines spacings, preliminary
interpretations indicate zone boundaries and mapped units differ significantly from published
regional geological maps.
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 informati on 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.
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 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
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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 Rioj a 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 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.