Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Falcon Gold discovers a new high-grade gold vein at its Central Canada gold mine project in Ontario

% of readers think this story is Fact. Add your two cents.


Falcon Gold Corp (CVE:FG) (OTCPINK:FGLDF) announced that it has received the preliminary gold analyses for the balance of drill hole CC 20-12 and for all of the holes CC 20-13 and CC 20-14 from the company’s Central Canada gold mine project in northern Ontario, in which another high-grade vein was identified 2.2 meters (m) below the main zone. 

The company said the new results included an intersection of 10.80 grams per tonne (g/t) gold over a length of 30 centimetres (cm).

“We are continuing to expand and test new boundaries while building a data and knowledge base for a better understanding of the Central Canada gold zones in the mine shaft area. In terms of overall strike length, we have drilled the Central Canada mine trend for a surface distance of 275 m plus, while hitting mineralization to new depths,” Falcon Gold CEO Karim Rayani said in a statement.

READ: Falcon Gold intersects high-grade, visible gold at its Central Canada gold mine project in Ontario

He added: “There remain a material number of core samples from the drilling that we are awaiting the results of. We have begun the planning stage of Phase 3 of the 2021 exploration program and look forward to commencing shortly.”

The company noted that its geological team re-examined the core from holes CC 20-04 to CC 20-07 and sampled several intervals of mineralized and altered felsic porphyries, finding fine visible grains of gold in the vein.

And with assays pending for certain mineralized sections including from 71.0m to 79.2m, which is above the main gold zone, and from 81.5m to 89.0m, Falcon Gold said it is possible the breadth of the drilled main zone is much wider than previously reported.

Going forward, the company anticipates collaring up to 20 diamond drill holes, targeting the gold mineralization in the shaft area and to test other gold zones including the No. 2, or Northern vein, which it said could lead to a preliminary resource estimation in addition to sighting areas for further drilling.

Falcon Gold noted that preliminary results of its new geophysical surveys appear to confirm a “significant” anomaly and the on-going follow-up analyses of the survey data is anticipated to offer several drill targets to compliment the 2021 program.

Falcon Gold’s flagship Central Canada gold mine project lies 160 kilometres (km) west of Thunder Bay, Ontario, and has a 230,000 ounce – at 9.9 g/t  gold – historic resource, which the company is bringing up to NI-43 101 standards.

The project sits about 20 km 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 [email protected]

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/942764/falcon-gold-discovers-a-new-high-grade-gold-vein-at-its-central-canada-gold-mine-project-in-ontario-942764.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.