Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) has kicked off exploration at its 100% owned Gander North property in the central Newfoundland gold belt, with initial results now available from its reconnaissance exploration programme. The company has also filed for a drill permit.
The project commenced in late June, with initial prospecting and till sampling. Preliminary efforts have identified numerous evidence for quartz veins, including sub-crop and float.
Surface samples collected to date have been submitted for assay, and initial results have returned values of up to 885 ppb gold from sub cropping quartz veins, up to 0.15% copper, and up to 26.8 g/t silver from quartz float. Several samples have returned anomalous tungsten, and further analysis is required to confirm the content, the company says.
“Excellent progress is being made… We now have multiple geophysical targets to go after that have been identified – with the help of publicly available data sets, we have now submitted our drill plan application and are awaiting final approval for our inaugural drill campaign,” said Karim Rayani, Falcon’s chief executive officer.
These targets were identified over the project area earlier this year through review of publicly available datasets, and these will be the focus of ongoing reconnaissance. Detailed work, including systematic sampling and geological mapping will commence this fall to better define targets in advance of drilling. Work permit applications have been submitted for the drill program, and approval is pending.
“This is an opportunistic time for Falcon,” Mr Rayani continued, “as we have set ourselves apart from our peers.
“We control a sizeable area of influence totalling 108,000 hectares when combining this with our JV partner Marvel Discovery (TSXV: MARV) at Baie Verte and Golden Brook, the number jumps to 150,000 hectares making us one of the dominant players on the island.
“We look forward to reporting back on the remaining sample results with the drill permit news when received.”
To find out more, visit: https://falcongold.ca/
