Monday, August 25, 2025

Latest

Falcon Gold Signs Drill Contractor For Central Canada Project

Falcon Gold Corp (TSXV: FG) announced this morning that it has recently secured a diamond drill contractor for the first phase of exploration in 2020. The drill program will see 1,000 meters of drilling occur at the firms Central Canada mineralized structure.

Initial drilling that occurred on the property by Terra-X Minerals in 2012 resulted in surface samples returning values of up to 39.6 grams per tonne of gold. Subsequent drilling conducted by the firm revealed gold mineralization values intersecting 10.61m @ 1.32 g/t gold. More recent drilling conducted by Interquest Resource Corp had mineralization intersecting over 1 meter @ approximately 30 g/t gold in diamond drill core and 23.3 meters @ 0.83 g/t gold.

Furthermore, trenching work conducted on the property in 2011 indicated significant gold mineralization south of the historic Sepawa Mine, with samples indicating up to 6.7 g/t gold along a strongly mineralized shear zone.

The Sepawa Gold Mine represents the closest nearby deposit to Falcon’s current property. The mine was active in 1995, when it milled 33,103 tonnes of ore which resulted in 4,547 oz of gold and 1,315 oz of silver. The mine had an unclassified resource of 528,614 tonnes at 0.31 oz/t gold as per Sepawa.

Falcon’s Central Canada property lies 21.5 km east of Atitokan, and is approximately 160 km west of Thunder Bay. The property is accessible via highways and a mine road that leads to the property. The company in total has 13 claims on the property, while also covering a historic producer with a shaft and well site.

The southern portion of the property is covered by Sapawe Lake and is underlain by an iron formation and greenstone rock, while the north portion is underlain by Archean age greenstone rocks that include mafic volcanic flows, gabbroic intrusions and quartz feldspar porphyries in which the gold mineralization is hosted..

Falcon Gold last traded at $0.04 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.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Grande Portage Resources Completes 8,150 Metre Drill Program

Grande Portage Resources (TSXV: GPG) has successfully completed its drill program for the 2021 season...

Tuesday, October 26, 2021, 08:19:36 AM

Great Bear To Systematically Grid Drill Dixie Limb, Hinge Zones

Great Bear Resources (TSXV: GBR) this morning released additional drill results from its ongoing exploration...

Thursday, March 11, 2021, 08:03:54 AM

New Found Gold Mobilizes To Keats Zone For Fall Drill Program

New Found Gold Corp (TSXV: NFG) this morning announced that it has received the final...

Thursday, September 3, 2020, 09:04:52 AM

Great Bear Conducts $20 Million Flow-Through Bought Deal

Great Bear Resources (TSXV: GBR) this morning announced that it will be conducting a bought...

Tuesday, May 12, 2020, 09:53:00 AM

Taiga Gold Stakes Further Claims In Trans Hudson Corridor

Taiga Gold Corp (CSE: TGC) is increasing its land holdings within the Province of Saskatchewan....

Wednesday, August 12, 2020, 09:04:58 AM