Falcon to Drill Phase III at the Central Canada MINE Property
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON TO DRILL PHASE III AT THE CENTRAL CANADA MINE PROPERTY
Vancouver, B.C., February 22, 202 2. FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF: OTCQB);
("Falcon" or the “Company ”) is pleased to report a Phase III drill program on the Central Canada Gold
Project in the Atikokan mining camp of northwestern Ontario is scheduled for March 2022. To date Falcon
has completed 26 diamond drill holes totaling 4,058m since 2020. Phase III is planned for 3 holes totaling
approximately 1,000m. Drilling will target the J.J Walshe Zone (Central Canada Mine Trend) (Figure 1) at
vertical depths between 200 and 300 m to extend the gold bearing zones beyond the current drilled depth
of 160m.
Highlights from the previous programs at the J.J. Walshe Zone include 1.35 g/t Au over 4.1m starting at
59.5m downhole in CC20 -15 and 1.57 g/t Au over 14.8m starting at 89.6m downhole in CC20 -12. This
interval contained visible gold which assayed 20.50 g/t Au over 0.3m. Hole CC20-12 also contained 10.8
g/t Au over 0.3m starting at 112.4m downhole. The Central Canada Mine Trend has now been traced for
275m in strike length and to a depth of 160m.
Figure 1. Falcon Gold’s Central Canada property with gold-bearing zones discovered to date.
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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Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, “We are excited to finally test the historic
Central Canada Mine Zone to a new target depth between 300-400m, not previously done by past
operators. Falcon has been successful in intersecting 4 parallel zones along the CCMT and we are looking
forward to testing these zones at greater depth below the old workings. Broad mineralization containing
high grade domains have been intersected at the CCMT from Falcon’s past drilling campaigns.”
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo.,
who is a Qualified Person as defined by National Instrument 43 -101, Standards of Disclosure for Mineral
Projects.
About Falcon Gold Corp.
Falcon is a Cana dian 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 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 Rioja 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, 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 looki ng 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, etc. Forward looking statements
address future events and conditions and therefore, involve inherent r isks 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.
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