Falcon GOLD Files Drill Permit, Great Burnt Copper Project Adjacent to Benton IN Central Newfoundland
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON GOLD FILES DRILL PERMIT, GREAT BURNT COPPER PROJECT ADJACENT
TO BENTON IN CENTRAL NEWFOUNDLAND
Vancouver, BC, December 8, 2023 – Falcon Gold Corp. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (“Falcon”
or the “Company”) is pleased to announce the company has filed a drill permit application to conduct
diamond drilling at it’s Great Burnt Copper Project in central Newfoundland. Drilling is currently
scheduled for Q1 2024, and is planned to test up to 10 geophysical anomalies with a maximum of 1100
meters of drilling.
Falcon holds 2,275 hectares in the Great Burnt Camp, with licenses located north of , and contiguous to
the Benton-Spruce Ridge Great Burnt Copper -Gold joint venture (see Figure 1) . Benton Resources Inc.
recently optioned the Great Burnt Copper Gold Project from Spruce Ridge Resources Ltd. In an agreement
that allows Benton to earn a 70% interest in the property (press release dated August 17, 2023). The
Benton-Spruce Ridge property is host to the Great Burnt Copper Zone, a deposit with an indicated
resource of 381,300 tonnes at 2.68% Cu and inferred resources of 663,100 tonnes at 2.10% Cu.
(https://www.spruceridgeresources.com/great-burnt.php). Recent drilling by Benton Resources Inc. over
the Great Burnt Copper Deposit reported drill results that returned 7.20% Cu, 7.12 g/t Ag and 0.05% Co
over 12.30 meters (press release dated December 5, 2023). Previous drilling in 2020 by Spruce Ridge
Resources reported 8.06% Cu over 27.2m (TSXV: SHL press release dated March 18, 2021). The Great
Burnt greenstone belt is prospective for copper and gold, and further hosts the South Pond A and South
Pond B copper-gold zones, and the End Zone copper prospect along a 14 km mineralized corridor. The
mineralized corridor occurs along a conductive trend that continues into Falcon’s Great Burnt Copper
Property (see Figure 2).
The Great Burnt Copper Property
The Property is hosted within the Great Burnt greenstone belt (GBGB) which hosts massive sulphide
deposits that have been interpreted as Besshi-type. These types of deposits generally occur as laterally
extensive sheets of pyrrhotite- or pyrite -rich sulphide rock within mixed volcanic-sedimentary
environments. Sulphide lenses can be several meters thick and extend for several kilometres. Besshi-
type massive sulphide deposits are generally copper dominant , commonly contain other lithophile
elements like cobalt or lead, and can contain precious metals such as gold and silver. The Property is also
located 4km west of the Crest Resources- Exploits Discovery joint venture project within the Exploits
Subzone. The Exploits Subzone contains deep seated gold -bearing structures of the Dog Bay -Appleton
Fault- GRUB Line deformation corridor that contains the high-grade Keats Gold Zone of New Found Gold.
FALCON GOLD CORP.
Suite 1100 – 1111 Melville St.
Vancouver, BC, V6E 3V6
VANCOUVER TEL: (604) 716-1036
TORONTO TEL: (416) 477-1220
www.falcongold.ca
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Figure 1. Location of the Falcon Gold acquisition proximal to the Benton -Spruce Ridge Great Burnt
Copper Gold Project in central Newfoundland.
NEW CLAIMS
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Figure 2. Great Burnt Bend Project Area with FG Claims in Orange and Spruce Ridge / Benton JV in Blue.
New Claims Cover Conductive Trend Hosting Copper and Gold Mineralization
Commentary
Mr. Karim Rayani, Chief Executive Officer, comment ed, “The Great Burnt Copper District , continues to
deliver high grade copper numbers. Falcon’s ground lies along the same conductive trend which hosts
significant gold and copper mineralization held by Benton Resources J oint Venture, yet have never been
drill tested or subjected to any systematic exploration programs. Our desktop studies have identified
geophysical targets that are drill ready. Falcon is setting up for a very busy 2024, we will be reporting back
on the commencement of drilling once final approvals are received.
Qualified Person
The technical content of this news release has been reviewed and approved by Greg Robinson, P .Geo., who
is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
The QP and the Company has not completed sufficient work to verify the historic information on the
properties comprising the Great Burnt property claim group particularly regarding historical exploration,
neighbouring companies, and government geological work.
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
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northeast-trending splay of the QFZ.
The Company holds multiple 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; 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.
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.
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 defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.