Falcon Gold kicks off 2021 exploration at its Central Canada gold mine project in Ontario

Falcon Gold kicks off 2021 exploration at its Central Canada gold mine project in Ontario

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Falcon Gold Corp (CVE:FG) (OTCPINK:FGLDF) (FRA:3FA) announced it has begun its 2021 work programs on the Central Canada gold mine project located in northwestern Ontario.  The company said its first activities will be focused on the outcrop exposures and trench areas, where the geological team will be conducting detailed structural mapping along the 275 metres (m) long strike of the Central Canada mine trend.  “We are looking forward to commencing phase 3 drilling shortly, the intent is to target the historic shaft area initially and complete further infill along the 275m strike of the Central Canada mine trend,” Falcon Gold CEO Karim Rayani said in a statement.  READ: Falcon Gold reveals new drill results from Central Canada Gold Mine showing strong mineralization “With the recent airborne and survey interpretations completed, we are now gathering the necessary modeling of the folding and faulting structures to better predict how the gold zones behave below surface. We are looking at a very busy season ahead of us,” Rayani added. As well, Falcon Gold said its team intends to expand its attention onto the other high-priority gold targets along strike and paralleling the mine trend. The company also noted that it has begun the reinterpretation of the 2020 heliborne high-resolution magnetic and time-domain electromagnetic survey utilizing artificial intelligent (AI) computer analyses, which it said may be capable of identifying areas of complex folding and faulting and could accelerate the process of deciphering and modelling the complex structural setting of the property. It added that it is planning to complete up to 20 diamond drill holes during 2021 for about 2,000m of core, with the intent of targeting the gold mineralization in the shaft area and to test other gold zones such as mineralized quartz-feldspar porphyries and the Northern Vein, also known as the No. 2 Vein. And, Falcon Gold also revealed that historical 1980 government-sponsored regional airborne geophysical surveys and the company's 2020 survey suggest it may have a significant zone or zones of conductive massive sulphide mineralization having an east northeast trending strike length of more than 3 kilometres (km) beneath Sapawe Lake. It said permitting will be done in preparation for a winter drill program to test the continuation of the sulphide horizon as indicated by the geophysical surveys. Falcon Gold’s flagship Central Canada gold mine project lies 160 km west of Thunder Bay, Ontario, and has a 230,000 ounce - at 9.9 grams per tonne (g/t)  gold - historic resource, which the company is bringing up to NI-43 101 standards. The project sits about 20km south-east of Agnico Eagle’s Hammond Reef Gold deposit, which boasts a measured and indicated (M&I) resource of 4.5 million ounces of gold. Contact Sean at sean@proactiveinvestors.com

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