Falcon Mobilizes Ground Crews at Gander North Adjacent to Gander GOLD Corp.
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON MOBILIZES GROUND CREWS AT GANDER NORTH
ADJACENT TO GANDER GOLD CORP.
Vancouver, BC, June 16, 2022 – Falcon Gold Corp. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (“Falcon Gold”
or the “Company”) is pleased to announce ground crews have been mobilized to our Gander North
Project. The Company has received its initial permits for our first phase of exploration, which will include
base line prospecting, soil sampling, trenching to vector high priority targets for drill plan submission.
"The Gander Project is a contender, being perfectly situated on trend in the heart of the action. The
recent soil sampling released by Sassy and world-renowned prospector Shawn Ryan is further validation
our land positions are in highly prospective terrains; our interpretations show a high probability of
continuation of a structural system runs through our ground.” Stated, Karim Rayani Chief Executive
Officer.
The Gander North project covers 10,150 hectares. These claims are located 25 kilometres due east of
New Found Gold's Queensway project and are contiguous to Gander Gold which were previously held by
Sassy Resources Gander Project, which Sassy had optioned from Shawn Ryan.
Northeast-trending structural lineaments first recognized by Sassy Resources to the immediate east are
interpreted to continue onto our property. An interpretation of the regional magnetics shows north-
northeast-trending, ophiolite-bearing thrust faults are crosscut by a series of brittle northeast-trending
fault-fractures, which indicate a regional setting like 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.
Recent exploration by Gander Gold on its Gander North project have returned spectacular results from
soil geochemistry sampling surveys as evidenced with recent published results of 1,432 parts per billion
gold in northeast-trending zones.
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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Figure 1. Gander North Map Showing Strategic Location
Spin-Out Transaction
On June 1st, 2022, the Company’s announced its intent to spin-out its Latin American subsidiary
Latamark Resources. The company has now finalized the terms and amended the agreement which is
subject to TSX Venture Exchange, regulatory and court approvals, as well as shareholder approval by not
less than two-thirds of the votes at the annual general meeting to be held in August 2022. Full details of
the spinout transaction will be included in the management information circular to be sent to Falcon
Gold shareholders in connection with the meeting. It is anticipated that Falcon Gold shareholders will be
entitled to receive one common share of Latamark for every 5.8 common shares of Falcon Gold held as
of the effective date of the arrangement. No Falcon Gold options, or warrants will entitle the holders to
receive any shares or other convertible securities of Latamark, except to the extent such holders
exercise such options or warrants to acquire common shares of Falcon Gold prior to the effective date of
the arrangement. There will be no change in shareholders' holdings in Falcon Gold as a result of the
arrangement.
Qualified Person
Wayne Holmstead, P.Geo., a “qualified person” as such term is defined by National Instrument 43 -101, has
reviewed the data disclosed in this news release, and has otherwise reviewed and approved the technical
information in this news release on behalf of Falcon.
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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
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.