Falcon Gold Continues To Intersect Historic Mine Trend At Central Canada Project

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.

"Our geological team has performed exceptionally well, interpreting the past work on our Central Canada property.  We seem to have found and are defining both high-grade gold veins within or associated with broader halo mineralization that is also gold-bearing.  Furthermore and very importantly, our recently discovered reports on the old mine indicate the possible presence of high-grade gold resources that had been earmarked for production about 90 years ago." 
Karim Rayani, CEO

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.

FULL DISCLOSURE: Falcon Gold is a client of Canacom Group, the parent company of The Deep Dive. The company 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.

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