Falcon’S Phase 2 at Spitfire - Sunny Boy Has Commenced
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON’S PHASE 2 AT SPITFIRE - SUNNY BOY HAS COMMENCED
Vancouver, B.C., September 22, 2021. FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF:
OTCQB); ("Falcon" or the “Company”) is pleased to announce an exploration crew have been
sent to the high -grade Spitfire -Sunny Boy Project (the “Property”) near Merritt, B.C. The
Company’s first phase announced September 20 20 was successful in identifying gold
mineralization over a 300m strike length. The Company’s second phase is a more aggressive
follow up utilizing pack -sack drilling along the Master Vein and parallel mineralized horizons.
Highlights of the September 2020 sampling program was a 2.2m channel sample that averaged
59.8 g/t Au which included a 1m channel sample that assayed 122 g/t Au on the Master Vein.
Additional highlights are tabled below.
Table of selected assay results from the Spitfire & Sunny Boy Claims 2020 sampling program.
Station ID Sample # Sample Type Width Assay Assay Location
(m) (g/t Au) (oz/t Au)
CH20-01-01 467712 Channel 1.0 122.00 3.56 Master Vein
CH20-01-02 467713 Channel 1.2 7.99 0.23 Quartz stringers
CH20-02-01 467714 Channel 1.0 11.40 0.33 Master Vein
Cliff Vein 467716 Grab n/a 22.80 0.67 Cliff Vein
The Sunny Boy Project consists of parallel low sulphidation epithermal gold bearing veins. A new
potential vein structure, the Cliff Vein, was discovered down slope from the Master Vein,
approximately 25 meters lower in elevation. A grab sample of the Cliff vein assayed up to 22.8
g/t Au. To date 5 parallel vein systems have been recorded on the Property. Grab samples are
selected samples and not necessarily representative of the mineralization hosted on the
property.
Karim Rayani, Chief Executive Officer commented, “ We are thrilled to finally send exploration
crews to follow up on our original findings from last year. We believe the nature of the veining
conforms to a low sulfidation epithermal deposit type model that could host world class gold
grades. Our initial phase confirmed the potential of bonanza type gold mineralization. The second
phase is a more aggressive follow up testing the vein systems along strike, near surface using
shallow drilling. Multiple veins were identified in 2020 and we aim to verify and confirm their
high-grade nature along exposed strike lengths.”
FALCON GOLD CORP.
110 – 175 Victory Ship Way
North Vancouver, BC, V7L 0B2
VANCOUVER TEL: (604) 670-0019
TORONTO TEL: (416) 477-1220
www.falcongold.ca
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The Spitfire and Sunny Boy Project
The first recorded discoveries were made on the Spitfire & Sonny Boy claims in 1908, which is
currently located in the north -east portion of the property claim block. Most of the early
exploration focused on quartz veins that hosted gold, copper and silve r. High grade gold values
have been reported up to 127 g/t Au and 309 to 514 g/t silver (“Ag”) in quartz vein material from
underground workings by Quilchena Mining and Development Company Ltd. The high -grade
veins have been trenched, pitted, blasted, and drilled but have never been commercially mined.
The main showing, Master Vein and hosts high -grade gold mineralization up to 50.53 oz/t as
sampled by Ken Sanders, P. Eng in 1974. To the south -west of the Sunny Boy Zone in an area
referred to as the “AL ” showing soil geochemistry, geophysics (magnetometer/VLF),
trenching, sampling and diamond drilling have been performed on the mineralized veins. The
best drill result was reportedly 3.77 g/t Au, 0.24 % copper, and 32.9 g/t Ag over 13.4 meters.
The Spitfire & Sunny Boy discovery has been referred to as an epithermal gold deposit by past
operators. The gold zones are hosted within the Quesnellia terrane, characterized by submarine
volcanic and volcaniclastic rocks of the Nicola group to the south and the Takla group in the north.
The gold mineralization and geological setting of the project bear strong similarities to other
developed projects in the region such as the epithermal gold deposits, Prospect Valley and
Shovelnose, currently being explored by Westhaven Ventures Inc. (Figure 1).
Figure 1.
Regional location of the Spitfire-Sunny Boy Project.
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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. The QP and the Company has not completed sufficient work to
verify the historic information on the properties comprising the Spitfire -Sunny Boy Property,
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 20 km southeast of Agnico Eagle’s Hammond Reef Gold D eposit 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 of 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 7 additional projects. 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, Sokoman -Benton’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.