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Enter Symbol
or Name
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Falcon Gold Corp
Symbol FG
Shares Issued 38,635,830
Close 2014-09-19 C$ 0.19
Market Cap C$ 7,340,808
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Falcon Gold to begin exploration at New York Canyon

2014-09-22 12:01 ET - News Release

Mr. David Tafel reports

FALCON INITIATES EXPLORATION IN NEVADA AND WASHINGTON

Falcon Gold Corp. has finalized plans for exploration programs on the New York Canyon copper property located in the Santa Fe mining district, Mineral county, western Nevada, and the Washington silver property located in the historical Republic mining district, northern Washington.

The New York Canyon copper property

On Aug. 20, 2014, the company announced the acquisition of the New York Canyon property. During June, 2014, the company visited the property to confirm and evaluate the occurrence and distribution of copper mineralization. The assay results of grab samples collected during the site visit include high values of 19.2 per cent copper and 10.9 per cent zinc, and are summarized in the attached table.

Sample ID         Cu %    Pb ppm    Zn ppm    Au ppb    Ag ppm

FG-NYC-01         2.65         6       280        39      11.3
FG-NYC-02         0.45         6       139        16       3.5
FG-NYC-03         0.34         5       113        25       2.6
FG-NYC-04         0.05        14        64        12       0.4
FG-NYC-05         0.06        65        60        15       0.9
FG-NYC-06         2.37         4    10,900        19       5.9
FG-NYC-07         5.78         5       844         5       2.4
FG-NYC-08        19.20        14     3,440         9       1.5
FG-NYC-09         0.13        18        64        14       0.7
FG-NYC-10         0.15         7       119        62       1.4
FG-NYC-11         0.20         8       122        39       3.3

The company has initiated the compilation, evaluation and interpretation of historical exploration data generated on the New York Canyon property including verification of the historical mineral resource estimate. It is anticipated that this work will continue through the fall and winter. The company will also be initiating a ground exploration program which will include geological mapping, bedrock sampling and soil sampling. The fieldwork will initially focus on the gold and silver potential in the northern claims which are contiguous with the past-producing Santa Fe gold mine property. The Santa Fe mine is reported to have produced in excess of 350,000 ounces of gold and 700,000 ounces of silver prior to closure in 1994 (Victoria Gold Corp. website).

The Washington silver property

The company plans to complete approximately 12 kilometres of induced polarization (IP) surveys on the Washington silver property in Republic, Wash., this fall. During the 2012 exploration program, the company collected a number of anomalous to very well-mineralized grab samples from outcrops on the property which include three samples that returned assay values of 559 grams per tonne Ag and 0.90 g/t Au; 458 g/t Ag and 0.39 g/t Au; and 232 g/t Ag and 0.50 g/t Au. These samples form a north-northeast linear trend which, including the Silver Bell mine pit, has a strike length of approximately 1.7 km. The IP survey is being designed to test this potentially mineralized trend. The results of the IP survey will be evaluated and integrated with previous exploration results which will form the basis of continued exploration activities.

Qualified person and National Instrument 43-101 disclosure

Jamie Lavigne, PGeo, is the qualified person as defined in National Instrument 43-101 who has reviewed and approved this news release, and is responsible for the technical information reported herein. Analyses of samples from the New York Canyon copper property were completed at American Assay Laboratories located in Reno, Nev., and analyses of samples from the Washington silver property were completed at ALS Minerals laboratories located in Vancouver, B.C. Both laboratories are certified and accredited. All analytical results reported herein are from grab samples. While the company considers the results of the grab samples to be significant and indicative of mineralization potential, they may not be representative of the grade and tonnage of mineralization on the respective properties.

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