Falcon Gold Corp (TSXV: FG) has completed two additional drill holes at its Central Canada gold project, bringing the total to five for the current exploration program. All holes during the current drill program have intersected the historical mine trend at a depth of 75 metres.
The additional two holes drilled by Falcon have totaled 221 metres in drilling, although results have yet to be released on the latest samples. Previously released results from the current drill program indicated gold mineralization on hole one (CC20-01) consisting of 10.17 grams per tonne at a depth 67 metres over 3 metres.
The current results from the drill program indicate the possible presence of high-grade gold that was reported to be on site between 1930 and 1935. The Fort William Daily Times Journal indicated that historical work conducted by Central Canada Mines Ltd included 1,829 metres of drilling, in addition to a vertical shaft being installed with a depth of 45 metres. 42 metres of crosscuts and drifts were also made on the 30 metre level at the time, with a reported outline of approximately 230,000 ounces of gold at an average grade of 9.9 grams per tonne.
Drill work conducted on site by Falcon is perceived as possible confirmation of these prior results reported to be on site, with the first drill hole also identifying a possible new mineralization zone at a depth of 104 metres, sampling 18.6 g/t over 1 metre.
Drilling is to continue on site to confirm these historical results, while also working to expand mineralization on the site via strike length and depth.
Falcon Gold last traded at $0.08 on the TSX Venture.
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