- Falcon Gold (FG) has completed an expanded summer drill program at the historic Central Canada Gold Mine in Ontario
- The campaign was designed to test the strike extensions of the mine, and comprised seven holes over a total of 1,055 metres
- Each of the holes intersected mineralised quartz veins to a depth of 175 metres below surface
- The final two holes of the program confirmed continued mineralisation along strike for a distance of 200 metres west of the resource area
- Falcon Gold (FG) is up 3.57 per cent and is trading at C$0.14 per share
Falcon Gold (FG) has completed an expanded summer drill program at the historic Central Canada Gold Mine in Ontario.
Located roughly 21.5 kilometres east of Atikokan, the project consists of 13 claims and includes a past-producing mine with shaft and mill sites.
The program was focused on testing the strike extensions of the historic mine, and comprised seven drill holes for a total of 1,055 metres. Each of these holes intersected mineralised quartz veins to a depth of 175 metres below surface.
Notably, the final two holes, which totalled 363 metres, confirmed the continuity of mineralisation along strike for a distance of 200 metres west of the resource area. Drilling also identified a well-mineralised quartz porphyry unit extending from 40 metres to 65 metres in depth.
In addition, the deepest of the seven holes intersected a previously unknown mineralised fault zone with substantial quartz veining from 142 metres to just over 177 metres in depth.
Logging by Falcon’s team of geologists confirmed the presence of significant chalcopyrite, pyrite, and arsenopyrite throughout the intersection.
Logging has now been completed for all of the holes drilled, with samples sent to Activation Laboratories in Thunder Bay, Ontario, for further analysis.
Karim Rayani, CEO of Falcon Gold, noted that for an inaugural exploration effort, the drill program returned outstanding visual zones of mineralisation.
“The field work by our geological team has been first rate. The discovery of high-grade gold zones both within or associated with the broad halo mineralisation may well be the harbinger of a company-making project.
“The company is awaiting results of the re-analysis of core samples with visible gold and expanded sample intervals from holes 1 through 3 and will be released as they are made available,” he said.
Falcon Gold (FG) is up 3.57 per cent and is trading at C$0.14 per share at 10:22am EDT.