Falcon Gold Begins Drilling At Central Canada Project

Falcon Gold Corp (TSXV: FG) has commenced the 2020 drill program at its Central Canada project after previously announcing the selection of its diamond drill contractor for the first phase of exploration. The current program is designed to target a significant anomaly interpreted by Terra-X Minerals in a 2010 ground geophysics survey.

Terra-X Minerals initially interpreted a significant induced polarization anomaly which extends 200 metres along strike of what is now Falcon Gold’s Central Canada project. The mineralized zone has sampled up to 44 grams per tonne of gold over 2 meters, which was done by Anjamin Mines in 1967. Gold mineralization can be traced across the entire Central Canada structure, which has been interpreted as a large splay along the Quetico Fault Zone.

More recent drilling at Falcon’s Central Canada project was conducted by Interquest Resources Corp which intersected approximately 30 g/t of gold over 1 metre in a diamond drill core. Additional results included 23.3 metres at 0.83 g/t gold, and 10.61m at 1.32 g/t gold which was discovered in 2012 by Terra-X. Trenching work was also completed on the property in 2011 south of the historic Sapawe Gold Mine, which sampled up to 6.7 g/t gold along a mineralized shear zone.

Sponsored · PTX Metals Inc.

The Quetico Fault Zone is notable in that it is a similar major structure to that of the Hammond Fault, which resulted in the Hammond Reef gold property. The Hammond Reef gold deposit has a measured and indicated estimated resource of 208 million tonnes, containing 4.5 million ounces of gold. Falcon Gold’s Central Canada property is situated approximately 20 kilometers southeast of that gold deposit, which is owned by Agnico Eagle (TSX: AEM).

The Central Canada property’s gold prospects are typically associated with metavolcanics and felsic intrusive rocks that are cross-cut by quartz-porphyry dykes and sills with late stage quartz veining. Highly mineralized shear zones and quartz structures has been observed as having economic mineralization. It should be noted that multiple occurrences of mineralization in a variety of geological settings exists on the Central Canada property.

Falcon Gold last traded at $0.035 on the TSX Venture.

FULL DISCLOSURE: Falcon Gold is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Falcon Gold on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.