Mr. Karim Rayani of Falcon Gold reports
FALCON GOLD CORP. AND INTERNATIONAL MONTORO ACQUIRE ADDITIONAL LAND -- CAMPING LAKE PROPERTY, RED LAKE -- ONTARIO
Falcon Gold Corp. and International Montoro Resources Inc. have significantly increased the Camping Lake gold property through staking an additional 57 mining claims. The new claims add approximately 1,200 hectares ("ha") to the Camping Lake Project that is located near the Red Lake gold camp in northwestern Ontario and increases the project size to 3,400 ha of contiguous mining units. The Property expansion incorporates a major magnetic anomaly which reportedly correlates to a mineralized fault zone identified during Montoro's May 2020 sampling and geological mapping program which confirmed historical "gold in soils" anomalies. Similar magnetic anomalies in the region are currently being explored by BTU Metals Corp where drilling in the fall of 2019 uncovered a potential Cu-Ag-Au Volcanogenic Massive Sulphide - style system with a 44.1-meter intersection of precious-metal enriched chalcopyrite-pyrite mineralization.
With limited bedrock exposure due to overburden, exploration companies in the area have successfully implemented the use of soil and glacial till analyses for gold and base metals. Companies such as BTU Metals Corp., GoldON Resources, and Golden Goliath Resources have been successful in delineating both gold and base metal discoveries from soils' and till anomalies. On July 7, 2020, Golden Goliath Resources Ltd. announced a glacial till sampling program on its Kwai property and the discovery of 17 till samples with pristine gold grains indicating a possible "close-by" gold mineralization source. The Kwai property is located immediately west of the Camping Lake claims. Montoro and Falcon intend to utilize a similar sampling program and plan to conduct till sampling and gold grain analysis to search for gold mineralization along the multiple targets represented by discontinuities or "splays" interpreted by the magnetic data.
The Camping Lake Property
The 3,400 ha Camping Lake property is located along the Pakwash/Long-legged fault near the Birch-Uchi-Confederation Lake greenstone belt. The belt hosts the world-renowned Red Lake gold deposits and the highly regarded Dixie gold project located about 30 km north of Camping Lake, currently being drilled by Great Bear Resources Ltd. GBR announced another round of drill results for the Dixie project on July 6th 2020 that included 10.06 g/t Au over 31.25 m within a zone that averaged 4.07 g/t Au over 80.50 m and 57.32 g/t Au over 3.95 m within 7.26 g/t Au over 53.50 m. BTU Metals Corp ("BTU") has also recently announced additional drilling on their TNT-target located immediately west of the Camping Lake Property. BTU reported significant intercepts of mineralization including an assay highlight of 44.3 m of 1.14% CuEq with intervals containing as much as 5.56% Cu, 99.6 g/t Ag, and two g/t Au.
The technical content of this news release has been reviewed and approved by Alex Pleson, PGeo, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Falcon Gold Corp.
Falcon Gold is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project the Central Canada gold project is approximately 20 km south east of Agnico Eagle's Hammond Reef Gold Deposit which has Measured and Indicated estimated resources of 208 million tonnes containing 4.5 million ounces of gold.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.