Introduction.
Ontario has actually constantly been a premier jurisdiction for mining in Canada. Nevertheless, among Ontario’s earliest gold camps in the province’s northwestern area is revealing indications of top-quality revitalization.
The town of Atikokan in Ontario is understood for its 2 huge iron ore pits mined in the middle of the 2nd World War and ran till the late 1970s. The earliest gold expedition go back to the 1800s, with substantial production reaching upwards of around 52,000 ounces of gold and 174,000 ounces of silver because duration. With over 50 events, potential customers and manufacturers of gold given that Atikokan’s preliminary discovery, the gold camp boasts expedition capacity for financiers worldwide.
One such mining expedition business with a task in Atikokan is Falcon Gold (TSXV: FG, FWB:3 FA, OTCQB: FGLDF). Its flagship Central Canada gold and polymetallic task leverages tactical placing 20 kilometers east of Agnico Eagle’s Hammond Reef gold deposit. The first-rate deposit presently has actually an approximated 3.32 million ounces of gold mineral reserves at 0.84 grams per heap (g/t) gold grading and an indicated mineral resource at 2.3 million ounces. The Central Canada task has a high capacity to simulate this remarkable top-quality gold mineralization with more expedition and discovery.
Falcon Gold performed a 17-hole drill program at the Central Canada task amounting to 2,942.5 meters of core. The weighted typical grade of the primary gold zone is 1,570 parts per billion (ppb) gold or 1.57 g/t gold and within the primary zone crossways, the very first meter of core returned 5.68 g/t gold. The business likewise finished tasting on the J.J. Walshe mine pattern in 2021 which returned 5 grab samples varying from 11.2 g/t gold to 79.7 g/t gold. Assay results emphasize a number of gold-bearing zones throughout the residential or commercial property formerly undocumented consisting of the Sugar Shear (22.9 g/t gold), Monte (3.63 g/t gold), Honey (1.04 g/t gold), and Hoist Zone.
The business’s portfolio of mineral jobs likewise consists of those in respected mining jurisdictions of Ontario, British Columbia and Argentina. In April 2021, Falcon produced the Argentina-based Falcon Gold LatamARG S.A to handle its South American expedition and advancement operations. This production came at an optimum time with the business’s acquisition of the Esperanza gold-silver-copper task in La Rioja, Argentina. Falcon means to check out more interests in South America’s mining-friendly jurisdictions.
Falcon presently has around 90,000 hectares of potential ground in Newfoundland which are tactically situated and adjoining to business like First Mining Gold, Sokoman Minerals-Benton JV, Look Gold, Makes Use Of Discovery, Vulcan Minerals and Marvel Discovery.
In 2022, Falcon participated in 2 different contracts to obtain a 100-percent interest in 2 battery metals jobs in the province of Ontario and Quebec, jointly referred to as the Timmins West and Outarde Nickel jobs northwest of Baie Comeau, Quebec. The very first purchase contract covers 5 mining claims amounting to 1,940 hectares within the Kamiskotia Gabbroic Complex (KGC), a gabbroic to anorthositic invasive mafic to ultramafic body that has actually recorded nickel-copper-cobalt mineralization. The 2nd purchase contract makes up 93 claims covering 5,138 hectares situated 120 kilometers northwest of Baie-Comeau, Quebec.
In November 2022, Falcon finished the spin-out of its subsidiary Latamark Resources Corp. The plan entitles Falcon investors to one typical share in Latamark for each 5.8 typical shares kept in Falcon. Latamark will likewise release 5 million Latamark shares to Falcon, as part of the plan.
Business Emphasizes.
- Falcon Gold Corp is a mineral expedition business concentrated on checking out, broadening and establishing its robust portfolio of extremely potential rare-earth element jobs in respected mining jurisdictions in the Americas.
- The business runs a robust task portfolio with its flagship Central Canada gold and polymetallic task hosting exceptional roadway gain access to, gold mineralization and tactical positioning near Agnico Eagle’s Hammond Reef gold deposit, which includes a multi-million approximated gold resource.
- In addition to Central Canada Cash Cow, which presently holds an approximated 3.32 million ounces of gold, Falcon Gold holds 15 extra jobs in other prime mining jurisdictions, consisting of Springpole West, Burton and Timmins West in Ontario; Spitfire & & Sunny Young boy and Gaspard gold jobs in British Columbia; The Excellent Burnt, Look North/South, Valentine Gold South, Victoria West, and Golden Brook in Newfoundland; Viernes and Location 51 Characteristic in Latin America; and Outarde, HSP south and Hope Advance in Quebec.
- Falcon obtained a 100-percent interest in 2 battery metals jobs in Ontario and Quebec, jointly referred to as the Timmins West and Outarde Nickel Projects.
- Falcon has actually finished a spin-out of its Latin American property, the Esperanza gold task, situated in La Roja Province, Argentina.
- The business has a first-rate management group including a number of mining, financing and geological heavyweights with years of experience in a varied portfolio of associated markets.
Secret Tasks.
Ontario
Central Canada Gold & & Polymetallic Task
The flagship Central Canada gold and polymetallic task includes 3 crucial claims: the initial Central Canada residential or commercial property, Hammond South and Hammond West. The overall location covers 10,392 hectares over a historical manufacturer with shaft and mill website abilities and sits 21.5 kilometers each of Atikokan and 160 kilometers west of Thunder Bay. The task is available through highway and roadway gain access to and leverages mining-friendly conditions.
Central Canada has 2 geological routines. Its northern claims consist of a greenstone rock underlay going back to the Archean age. The southern claims of the residential or commercial property are covered by Sapawe Lake and underlain by iron development and greenstone rock systems that host Falcon’s gold and cobalt events. Historic drill crossway results emphasize mineral grades upwards of 0.64 percent copper, 0.15 percent cobalt, 1.1 percent zinc and 0.35 g/t gold over a real width of 40 meters.
Falcon has actually performed a comprehensive 17-hole drilling program amounting to 2,942.5 meters of core. Every hole effectively converged an extremely transformed felsic porphyry rock system with substantial pyrite, arsenopyrite, lead telluride and noticeable gold mineralization. The business anticipates to finish more concrete resource computations and utilize tasting and logging outcomes to go through fire assay gold analysis to examine the task’s complete capacity.
Springpole West Home
The Springpole West Home in Red Lake Ontario covers 13.5 kilometers of a mafic volcanic-sedimentary rock contact representing a property-wide fault zone that is silicified and periodically gold-bearing. The residential or commercial property is straight connected to First Mining Gold Corp.’s Springpole Gold Deposit, which is reported as one of the biggest undeveloped gold jobs in Canada, and includes the very same geological surface as that first-rate gold deposit. Very first mining in the residential or commercial property reported a suggested resource of 139.1 Mt grading 1.04 g/t gold and 5.4 g/t silver, including 4.67 million ounces of gold and 24.19 million ounces of silver in addition to a presumed resource of 11.4 Mt averaging 0.63 g/t gold and 3.1 g/t silver, including 230,000 ounces of gold and 1.12 million ounces of silver.
On June 20, 2023, Falcon revealed that the expedition has actually started at its Springpole West residential or commercial property in the Red Lake mining district. Two-phase surface area expedition program that will consist of a GPS-controlled Magnetometer surface area study, and a soil Geochemistry.
Burton Gold Home
The Burton gold residential or commercial property includes 6 trademarked and 16 unpatented mining claims covering around 356 hectares in Esther Municipality, Ontario. The residential or commercial property has an useful positioning within the really actively checked out Swayze Greenstone Belt renowned for hosting lode cash cow. The residential or commercial property likewise leverages close distance to IAMGOLD Corp.’s Cote Lake deposit, which has an indicated resource of 35 million tonnes balancing 0.82 g/t gold. IAMGOLD has 51 percent interest while Falcon Gold holds 49 percent interest in the Burton Gold residential or commercial property.
Historic diamond drill intercepts at Burton consist of 9.34 g/t silver over a crossway length of 7.75 meters at the primary Shaft zone and 12.47 g/t silver over a crossway length of 3.13 meters at the East zone.
Timmins West
The Timmins West Residential or commercial property, situated 20 km northwest of Timmins, Ontario, makes up 5 mining declares that cover an overall of 1,940 hectares within the Kamiskotia Gabbroic Complex (KGC). The KGC is an invasive mafic to ultra-mafic body, differing from gabbroic to anorthositic, and is understood to consist of nickel-copper-cobalt mineralization. A grab sample from an outcrop in 2004 reported concentrations of 0.44 percent nickel, 0.64 percent copper, and 0.033 percent cobalt within 10 percent pyrrhotite. The residential or commercial property is located 40 kilometers southwest of the Crawford Nickel-Cobalt Task, presently under advancement by Canada Nickel (TSXV: CNC).
British Columbia
Spitfire and Sunny Kid Home
The Spitfire & & Sunny Young boy residential or commercial property covers 502 hectares in south-central British Columbia, 16 kilometers east of Merritt. The residential or commercial property boasts exceptional facilities and gain access to with narrow however top-quality veining and gold mineralization.
Testing from 1974 exposed the primary proving, Master Vein, hosted top-quality gold mineralization approximately 1,433 g/t gold. 2020 work program and channel samples have actually returned upwards of 122 g/t gold over a meter and 59.8 g/t gold over 2.2 meters. The property has the possible to host extra vein structures downslope from the Master vein, which Falcon means to check out in future advancement programs.
The business’s 2021 knapsack drilling results highlighted samples that balanced 59.8 g/t gold (1.74 oz/ton gold) over 2.2 meters that included a 1-meter period assaying 122 g/t (3.56 oz/ton) gold. The Cliff Vein was found downslope from the Master Vein, around 25 meters lower in elevation. A grab sample of the Cliff vein assayed approximately 22.8 g/t gold.
Gaspard Gold Task
The Gaspard residential or commercial property covers 7,969 hectares in the Clinton Mining District of main British Columbia. The residential or commercial property has year-round gain access to with a robust network of active logging roadways and beneficial placing neighboring Williams Lake’s local supply center for mining, logging and ranching.
The residential or commercial property lies around 26 kilometers south of the Blackdome cash cow task, which supposedly has actually suggested resources of 144,500 tonnes grading 11.29 g/t gold and 50.01 g/t silver. Gaspard has the possible to simulate this prevalent mineralization and top-quality rare-earth element yield with its potential anomalous grades of stream sediment samples.
Quebec
Outarde Home
The Outarde residential or commercial property situated Northwest of Baie-Comeau in Quebec is a nickel-copper-cobalt task including 93 claims covering 5,138 hectares. The residential or commercial property kinds part of the De La Blanche Mafic Plutonic Suite, a big folded gabbro-norite suite of rocks. Get tasting has actually produced outcomes of 1.28 percent nickel, 1.38 percent copper and 700 ppm cobalt.
HSP South Home
Falcon Gold obtained the HSP nickel-copper PGE task covering 22,302 hectares of tactical ground around 135 kilometers of potential contact of the Havre St. Pierre Anorthositic Complex (HSAP) where Go Metals Corp just recently revealed the discovery of “large periods of nickel and copper sulphides”. The most westerly block of the Falcon Gold declares covers the southwest extension of the anorthositic complex, on a potential fold nose structure and lies less than 2.2 kilometers from popular air-borne TDEM abnormalities recognized by Go Metals and host to the nickel-copper mineralization.
Falcon is among the biggest mineral claim holders in the HSP location. The business prepares air-borne EM studies to cover the whole land position consisting of claims adjoining to Go Metals HSP discovery task.
Hope Advance Home
Making up 76 claims (around 33 sq. km.) in the Nickel North location of Quebec, this location has actually remained in the news just recently with the revealed choice contract in between 1844 Resources and Nickel North Expedition. 1844 Resources has the choice to obtain from Nickel North, 100-percent interest in the Hawk Ridge Residential or commercial property by paying $6 million in money and providing 10 million shares over the regard to the 5 year choice contract.
Parts of the Falcon Residential or commercial property lie 4 kilometers along strike from the Falco 7 historic resource and 2 kilometers along strike from the Hopes Advance historic resource. Emphasizes of the Hope Advance consist of a historic drill hole situated on the Falcon residential or commercial property and about 4 kilometers west of the Falco 7 historic resource converged 10.4 meters of 0.51 percent copper and 0.16 percent nickel.
The Falcon Gold Residential or commercial property includes various electro-magnetic abnormalities that have actually not been examined by previous drilling.
South America
Viernes Home
The Viernes residential or commercial property in Antofagasta, Chile lies within a first-rate cluster that’s been thoroughly established by Yamana, BHP-Rio Tinto and Antofagasta Minerals, to name a few.
The residential or commercial property is extremely potential and is surrounding to the epithermal vein-hosted gold-silver producing El-Peñón mine in which Viernes might host comparable geochemical and structural functions. Yamana’s newest 43-101 certified resource and reserve quotes released in March 2021 states overall shown and possible mineral reserves of 921,000 ounces of gold and 29.2 million ounces of silver.
Location 51
Location 51 makes up 4,000 hectares of expedition claims situated in the Inca Del Oro mining district, Atacama Area, northern Chile. The Inca Del Oro mining district is located along Chile’s Paleocene Age mineral belt, understood to host several porphyry, skarn and epithermal mineral deposits. The task take advantage of roadway gain access to, distance to facilities, and existing mine operations in addition to year-round working conditions. Several mining and expedition jobs in the area consist of the Inca de Oro porphyry Cu-Mo-Au-Ag deposit (460 million tonnes grading 0.40 percent copper, PanAust, 2012, S&P Global) and the Delirio deposit (17.4 million tonnes grading 0.47 percent copper, 2021 Santiago Metals, S&P Global).
The Location 51 expedition claim group is surrounded by other expedition and mining business consisting of Freeport McMoran, Newmont, Solaris Resources, and Mirasol Resources. The task has possible for copper and gold mineralization evidenced by the incident of several historic mine functions displaying mineralization, and hydrothermal modification footprints over volcanic calderas.
Newfoundland
Golden Brook JV
The Golden Brook is a big land plan hosting crustal-scale structures. Falcon has actually formed a tactical collaboration with Marvel Discovery Corp. with the objective of checking out potential claims just recently obtained in the Hope Brook and Baie Verte Brompton Districts. The combined overall of both jobs covers 115,170 hectares and will be checked out together on a 50-50 joint endeavor basis.
The Hope Brook Zone is 10 kilometers far from Sokoman-Benton’s brand-new top-quality lithium discovery. The 35 grab and chip samples kept in mind in the Sokoman-Benton NR (September 16th, 2021) were gathered over a 2-kilometer range. Preliminary licenses for the very first stage of expedition on the business’s Hope Brook task consist of high-resolution magnetic gradiometry studies and prospecting teams to the location.
The Baie Verte Zone is connected to more than 100 gold potential customers and zones and lies near the 4 Corners Task held by Triple 9 Resources. The 4 Corners Task includes iron-titanium-vanadium mineralized rock which has actually been detailed for 3,000 meters in strike with intercepts 200 meters large and 600 meters vertically. The task includes adequate tonnage and grades to require establishing a first-rate mineral resource.
Excellent Burnt Home
The 2,275-hectare Great Burnt Residential or commercial property is hosted within the Excellent Scorched greenstone belt. The Excellent Scorched greenstone belt is host to the Great Burnt Copper Zone with an indicated resource of 381,300 tonnes at 2.68 percent copper and presumed resources of 663,100 tonnes at 2.10 percent copper. Drilling in 2020 by Spruce Ridge Resources reported 8.06 percent copper over 27.2 meters (TSXV: SHL news release dated March 18, 2021). The Excellent Scorched greenstone belt likewise hosts the South Pond A and B copper-gold zones and completion Zone copper possibility within a 14-kilometer mineralized passage.
Look Zone (North-South)
The Look Zone homes include the 2 claim groups within Look North and one claim group as Look South amounting to 412 claims covering 10,150 hectares. The Look North residential or commercial property covers 406 claims amounting to 10,150 hectares situated 25 kilometers due East of New Found Gold’s Queensway Task and is adjoining to Look Gold’s Task. Expedition by Look Gold on their Look North Task has actually returned amazing arise from soil geochemistry tasting studies as evidenced in current released outcomes of 1,432 ppb gold in northeast-trending zones. The Look South residential or commercial property is hosted within the Exploits Subzone of the main Newfoundland gold belt and is proximal to significant structure, the Pet dog Bay-AppletonGrub Line fault system, a crustal-scale fault zone that extends from the north coast of Newfoundland, southwest through Look. These structural passages are thoroughly related to current gold discoveries consisting of New Found Gold’s Queensway task.
Valentine Gold South
The Valentine Gold South includes 605 claims covering 15,300 hectares adjoining to Marvel Discovery Corp, Matador Mining, and Tru Valuable Metals Corp (TRU). and lies within the Cape Ray-Valentine Lake structural passage which hosts Marathon Gold Corp.’s Valentine Task with reserves and resources of 7.1 million ounces of gold. The Valentine gold deposits consist of 3.09 Moz gold determined and suggested: 54.9 NT @ 1.75 g/t gold and 0.906 Moz gold presumed and 16.77 NT @ 1.78 g/t gold.
Victoria West
Victoria West includes 166 claims or 4,150 hectares) and is adjoining to Marvel Discovery Corp, Benton Resources, Buchans Minerals Corp., and a considerable land plan staked by Shawn Ryan. In 2011, Buchans Minerals and Benton Resources finished prospecting activities in the instant location that recognized plentiful mineralized quartz vein product including trace to a number of percent sulphides. Analytical outcomes of the grab samples assayed in between 1.65 to 18.24 g/t gold and in between 5.4 to 87.1 g/t silver in subcrop samples. Get samples from outcrop assayed approximately 8.52 g/t gold and 30.7 g/t silver.
Management Group.
Karim Rayani – Chairman and CEO
For the previous 15 years, Karim Rayani has actually concentrated on funding domestic and worldwide mineral expedition and advancement. Most just recently, Rayani was head of Bloomberry Capital Group, a Vancouver-based merchant bank and capital advisory company. He worked individually as a management expert and investor. He is presently chair of R7 Capital Ventures Ltd; director of Fiber Crowne Production Inc., chair of District 1 Expedition Corp. Rayani has actually established a comprehensive network of contacts throughout The United States and Canada and Europe, concentrating on business advancement and financing.
Brian Crawford – Chief Financial Officer
Brian Crawford holds a B. Com. from the University of Toronto and has comprehensive experience as a senior monetary executive with public and personal business and as a partner in a nationwide company of chartered expert accounting professionals. Crawford established and/or co-founded a number of business presently noted on the TSXV or the CSE. Crawford presently functions as a director, business secretary, and/or CFO of a number of TSX Endeavor Exchange or Canadian Securities Exchange noted business consisting of Colibri Resource Corporation, Searchlight Resources Inc., CBLT Inc., and Tempus Capital Inc.
James Farley – Director
James Farley has actually been associated with the capital markets for over 25 years, at first as a monetary consultant and consequently as a personal business person. He is presently an organization expert for the mining and oil and gas markets, concentrating on health security and ecological management.
Michelle Suzuki – Director
Michelle Suzuki has actually invested the last 25 years as a consultant with a focus in publishing and media relations. She has actually handled financier interaction projects for Canada’s biggest digital material companies for numerous C-Suite customers throughout The United States and Canada, from life sciences, and innovation to mining business.
In the Canadian markets, she is extensively understood for her experience in these fields dealing with lots of leading CEOs, senior financier relations executives, financial investment broker-dealers and newsletter authors on digital syndication assisting inform on the value of mining and the future of the market.
Ian Graham – Geological Consultant
Ian Graham is an accomplished mining executive with over twenty years of worldwide experience checking out and establishing mineral deposits. He has actually invested over half of his profession working for significant mining business, consisting of functions at Rio Tinto and Anglo-American. Graham has commercial mineral experience and is popular for his successes within the diamond sector.
From 1990 to 1994, Graham served as primary geologist in expedition for Anglo-American and partner in De Beers Group’s South Africa department. In 1994, he signed up with Rio Tinto in Canada as the examination supervisor for the Diavik diamond mine, then went on to end up being primary geologist for diamonds with Rio Tinto’s Task Generation Group. Throughout his 15 years at Rio Tinto, Graham was included with the examination and pre-development of a number of jobs, consisting of the Diavik diamond mine in the Northwest Territories and the Resolution copper deposit in Arizona.
Glayton Dias – Expedition Supervisor
Glayton Dias is a geologist with 12 years of experience both locally and worldwide, establishing, handling and checking out mineral deposits from early-stage to mine advancement and 3D ore evaluation. Most just recently his work has actually been concentrated on the Spences Bridge Gold Belt, having actually been published as a task supervisor for the Shovelnose Deposit presently established by Westhaven Resources with a resource of 791,000 ounces of gold and 3,894,000 ounces of silver Shown (Referral listed below). Prior to being a Job Supervisor for Westhaven, he worked as a consulting geologist for Ximen Resources on its multi-metallic Treasure Mountain deposit, expedition supervisor for Avant and Gdgeo, leading jobs in first-rate deposits as Andrade (Arcelor Mittal), Germano (Samarco) and Serra das Eguas (Magnesita SA).
Dias understanding and experience in valuable and base metal jobs on top-quality epithermal low sulfidation consisting of porphyry copper-gold geology will be worth include as we launch operations once again at both Spitfire-Sunny Young boy, Gaspard jobs in B.C., and our South America jobs.