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The Central Canada Gold Mine is around 20 kilometres south east of Agnico Eagle’s Hammond Reef gold deposit
() (OTCPINK:FGLDF) reported new gold results from its drill program at the Central Canada Mine property in northwestern Ontario.
Results from the final three holes showed “robust mineralization,” said Falcon’s CEO Karim Rayani in a statement.
In hole CC 20 – 15, the interval from 29.7 metres (m) to 34m averaged 0.8 gram per ton (g/t) gold with the first 0.5m grading 5.8 g/t gold. The 4.1m interval beginning at 59.5m returned a grade of 1.4 g/t gold with the last 0.8m assaying 4 g/t gold.
READ: Falcon Gold discovers a new high-grade gold vein at its Central Canada gold mine project in Ontario
Drill hole CC 20 – 17 intersected three zones of gold mineralization between 9.8m and 40.1m that appear to correspond to the Central Canada main gold zone, Falcon reported, adding continuity to the 275m strike length and depth of more than 160m of the mineralized trend.
Vancouver-based Falcon also said that it completed a re-examination of the core from holes CC 20 – 04 to – 07 and sampled several intervals of mineralized and altered felsic porphyries and volcanic rocks. The company has delivered 168 samples to be assayed as part of the last batch from the 2020 drill program.
“We are very pleased with the results of the first round of drilling on the Central Canada gold project,” Rayani added. “The mineralization is proving to be quite robust – existing over a respectable strike length. Our next job will be to determine what geological structures control the high-grade sections and what may be the potential for the broad porphyry-hosted gold zones to be incorporated in the resource estimations.”
The Central Canada Gold Mine is around 20 kilometres south-east of Agnico Eagle’s Hammond Reef gold deposit, which has approximately 3.3 million ounces of gold mineral reserves and 2.3 million ounces of measured and indicated mineral resources.
Contact Angela at angela@proactiveinvestors.com
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