Falcon Gold Corp increases drill program up to 2,000 meters at Central Canada Mine project in Ontario


The company, in anticipation of the Phase III program, has also filed an additional drill permit to target the J.J. Walshe mine trend where recent sampling of a new zone returned results from 11.2 grams per tonne (g/t) gold (Au) to 79.7 g/t Au

Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) said its upcoming Phase III drill program will be increased from 1,000 meters (m) to 2,000m at the historic Central Canada Mine Project in the Atikokan mining camp of northwestern Ontario.

Drill contractor delays and drill rig availability are the reasons for the postponement, the company said in a statement.

The company, in anticipation of the Phase III program, has also filed an additional drill permit to target the J.J. Walshe mine trend where recent sampling of a new zone returned results from 11.2 grams per tonne (g/t) gold (Au) to 79.7 g/t Au. 

READ: Falcon Gold acquires Valentine Gold South project

Assay results also highlight several gold-bearing zones across the property previously undocumented, including the Sugar shear (22.9 g/t Au), Monte (3.63 g/t Au), Honey (1.04 g/t Au), and Hoist zone (1.12 g/t Au). 

To date, Falcon said it has completed 17 diamond drill holes totaling 2,942.5m since 2020. A portion of the Phase III drilling will include three holes totaling approximately 1,000m targeting the J.J Walshe Zone (Central Canada Mine Trend) at vertical depths between 200m and 300m. This will potentially extend the gold-bearing zones beyond the current drilled depth of 160m.

Fifteen drill holes of Falcon’s 2020 programs intersected the J.J. Walshe Zone, and parallel mineralization within the Central Canada Mine trend.

Highlights include 10.1 g/t Au over 3.0m starting at 67.0m and 18.6 g/t Au over 1.0m (with visible gold) from 104m in CC20-01; 3.1 g/t Au over 2.5m from 33m in CC20-02; 0.6 g/t Au over 10m from 93.0m and 7.2 g/t Au over 1m from 114.0m in CC20-07; 2.8 g/t Au over 7.5m from 158.1m in CC20-09; 0.9 g/t Au over 6.8m from 44.1m in CC20-14; 1.35 g/t Au over 4.1m starting at 59.5m downhole in CC20-15; 0.5 g/t Au over 12.4m from 9.8m in CC20-17 and 1.57 g/t Au over 14.8m starting at 89m downhole in CC20-12. 

The Central Canada Mine Trend has now been traced for 275m in strike length and to a depth of 160m (Hole CC20-09). The J.J. Walshe zone is open at depth along strike with potential for parallel mineralized zones. 

Falcon said the March 2022 drill program will add understanding to the structural controls on mineralization in addition to exploring for a down-dip extension of the mineralization. The remaining 1,000m of drilling will be focused on the Monte Zone and the No. 2 Vein.

“Our drilling campaigns have now intersected gold mineralization at the Central Canada Mine Trend (CCMT) to 200m vertically. We look forward to extending this trend at depth below any historical drilling by previous operators,” said Falcon CEO Karim Rayani.

“Falcon has been successful in intersecting 4 parallel zones along the CCMT adding almost 200m of strike length. We are also pleased to be expanding the drill program to the Monte Zone and the No. 2 Vein where our 2021 mapping and prospecting program confirmed gold-bearing structures and lithologies that have yet to be drilled.”

Contact the author: patrick@proactiveinvestors.com

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