Falcon Reports the Status of Drill Program at Great Burnt Copper Project, Newfoundland
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NEWS RELEASE FG: TSXV
3FA: GR
FGLDF: OTCQB
FALCON REPORTS THE STATUS OF DRILL PROGRAM
AT GREAT BURNT COPPER PROJECT, NEWFOUNDLAND
Vancouver, BC, August 20th, 2024 – Falcon Gold Corp. (FG: TSXV), (3FA: GR), (FGLDF: OTCQB); (“Falcon”
or the “Company”) is pleased to report on the status of our inaugural drill program at its 100% -owned
Great Burnt Copper Project (the “Property”) located in Central Newfoundland. The Company encountered
delays earlier this spring due to high water levels in accessing the Property. The Company had to apply for
additional permits to build 8 km of additional road to access the drill site, which is anticipated to be
completed by the end of the week. The Company will report the status once equipment can be mobilized
to the site.
Karim Rayani, Chief Executive Officer and director stated: “Falcon is opportunistically positioned in what
is shaping up to be Newfoundland’s highest-grade copper district. After a small setback in timing, we are
nearly ready to commence operations at our 100% -owned Great Burnt Copper Project. We look forward
to reporting back on the start date once confirmed. Scheduled drilling is testing up to ten geophysical
anomalies with a maximum of 1100 metres of drilling.”
The Great Burnt Copper Property
Falcon holds 2,275 hectares in the Great Burnt camp, with licenses located north of , and contiguous to,
Benton Resources Inc. – Homeland Nickel (previously known as Spruce Ridge Resources Ltd.) Great Burnt
Copper-Gold joint venture (see Figure 1) . Benton Resources Inc. (“Benton”) optioned the Great Burnt
Copper-Gold Project from Spruce Ridge Resources Ltd. (now known as Homeland Nickel) in an agreement
that allowed Benton to earn a 70% interest in the property ( see press release dated July 17, 2024). The
Benton 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 (Benton option - H omeland
Nickel). R ecent drilling by Benton at 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 metres (see press release dated December 5, 2023 ).
Previous drilling in 2020 by Spruce Ridge reported 8.06% Cu over 27.2 m (see 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 , and this conductive trend continues
into Falcon’s Great Burnt Copper Property (see right-hand-side image in Figure 1).
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. Great Burnt Copper Project area with Falcon claims in orange and Benton – Homeland Nickel (previously
Spruce Ridge) Great Burnt Copper-Gold joint venture in blue. New claims cover conductive trends hosting copper
and gold mineralization.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P. G e o . , a
Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
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 currently has an 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 multiple additional projects: the Viernes and Area 51 Gold/Silver/Copper projects in the
world-class copper cluster located 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; the Spitfire-Sunny Boy, claims in B.C.; the Great Burnt Copper Project, and Golden Brook projects in
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Central Newfoundland, adjacent to First Mining, Matador, Benton-Sokoman-Piedmont JV; and most recently
battery metals projects, Timmins West Nickel-Copper-Cobalt Property Ontario, Outarde Nickel-Copper-
Cobalt Property, HSP Nickel-Copper property in northern Quebec and the Havre St. Pierre Anorthosite
Complex respectively.
Falcon Gold Corp.
“Karim Rayani”
CONTACT INFORMATION:
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: [email protected]
CHF Capital Markets
Cathy Hume
Telephone: (416) 868-1079 x 251
Email: [email protected]
Website: www.falcongold.ca
Twitter: @FalconGoldCorp
Facebook: @FalconGoldCorp
LinkedIn: @FalconGoldCorp
Instagram: @FalconGoldCorp
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.
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.