Falcon Gold Corp. (FG: TSX-V |3FA: GR | FGLDF: OTCQB) has reached two separate agreements to acquire a 100% interest in two battery metals projects collectively known as the Timmins West and Outarde Nickel Project northwest of Baie Comeau, Quebec.
The first purchase agreement includes five mining claims totalling 1,940 hectares within the Kamiskotia Gabbroic Complex located 20km northwest of Timmins, Ontario. The second acquisition covers 93 claims of 5,138 hectares situated 120km northwest of Baie Comeau, Quebec. Both properties have documented nickel-copper-cobalt mineralization.
“Falcon continues to build value for stakeholders and is pleased to add these ‘green metal’ projects to our portfolio. The increasing demand for green metals and current supply deficits make projects like these very attractive long term in attracting new investments,” stated Karim Rayani, Falcon’s CEO.
About Falcon Gold
Falcon Gold is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which has currently estimated 3.32M ounces of gold (123.5M tonnes grading 0.84 g/t gold) mineral reserves, and 2.3M ounces of measured and indicated mineral resources (133.4M tonnes grading 0.54 g/t gold).
The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone (“QFZ”) and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.
For further information please visit: https://falcongold.ca/