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FALCON INITIATES GEOPHYSICAL INTERPRETATION, LITHIUM POTENTIAL ON ADJACENT GROUND TO BENTON-SOKOMAN’S LITHIUM DISCOVERY


VancouverFALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (‘Falcon’ or the ‘Company’) is pleased to announce it has undertaken a preliminary lithostructural interpretation of high-resolution magnetic and radiometric data on its Hope Brook Property.

The Hope Brook Property lies contiguous to the Benton-Sokoman spodumene lithium-bearing pegmatite discovery referred to as the ‘Kraken Pegmatite Swarm’. This pegmatite field measures 2,200 m long by 850 m wide and is open along strike in both directions.

Falcon is delighted to announce compelling evidence for the presence of the same or similar lithologies and structures, within its Hope Brook claims. An analysis of publicly available magnetic datasets over the Benton-Sokoman Kraken Pegmatite Swarm shows similar northeast trending structures with a southeast dip, fold orientations and complex fault kinematics that could indicate a complex structural setting. These structural and magnetic signatures are comparable to those seen hosting the Kraken Pegmatite Swarm and provide Falcon Gold with exploration targets of merit.

Falcon’s Chief Executive Officer, Karim Rayani commented, ‘The Newfoundland Government data archives provides explorers with a tremendous database upon which to build exploration success. The existing claims are covered by historical high resolution magnetic datasets allowing us to remotely assess the potential by our team of structural geologists and geophysicists and providing target areas to guide our boots on the ground field crews. We are quite excited with the preliminary observations from these studies and our preliminary litho-structural interpretations suggest that the Hope Brook property contains structural features observed in datasets that host the neighbouring Kraken Pegmatite Swarm. We intend to investigate these areas in the immediate future.’

Falcon’s land position straddles both the eastern and western extents of recent land acquisitions by the Benton-Sokoman JV partnership with Falcon now controlling areas of considerable structural complexity marked by large scale fold and fault structures which provide important structural controls (traps) for gold mineralization within this area and now potentially lithium.

Falcon’s Hope Brook Gold Property

Falcon’s new land acquisition is hosted within the Exploits Subzone of the central Newfoundland gold belt. The property covers extensions or is proximal to two major structures linked to significant gold prospects (Cape Ray, Matador Mining) and deposits (Hope Brook, First Mining) in southern Newfoundland. Rock lithologies and structures on the property are also related to those associated with Marathon Golds Valentine Gold Deposits, Sokoman’s.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately 20 km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone (‘QFZ’) and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 8 additional projects. The Esperanza Gold/Silver/Copper mineral concessions located in La Riojo Province, Argentina. The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Benton-Sokoman’s JV, and Marvel Discovery in Central Newfoundland.

Contact:

Tel: (604) 716-0551

Email: info@falcongold.ca

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



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