Vancouver, B.C., October 01, 2020. FALCON GOLD CORP.(FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS); (“Falcon” or the “Company”) is pleased to announce it has contracted ProspectAir of Gatineau, Québec to complete an airborne geophysics survey of the 10,000-hectare Central Canada Gold Project in Northwestern Ontario. The survey will consist of high-resolution airborne magnetics and time-domain electromagnetic data collection over 1510-line kilometers at 100m spacing. The survey has been optimized based on the local geological trends corresponding to the Central Canada Gold Mine and Jack Lake Mine Trend. The survey will provide high-definition magnetic signatures and electromagnetic conductors which will aid in the delineation of gold bearing lithologies and structures along the prospective trends. The high-resolution data will also assist in determining drill targets at the Central Canada Mine in which gold mineralization is open in both the east and west directions.

Recently, the company has pursued additional historic government and personal archives of data based on further understanding the new zone identified by the intersections of CC20-07 of 7.23 g/t Au @ 114 meters depth and CC20-01 of 18.6 g/t Au @ 104 meters depth (NR FG June 2nd and NR FG September 14th). Through the research performed by consultants of the company, new data was discovered in the Vendors paper archives from 1966 where an article in the Northern Miner on December 15th, 1966 listed a map (shown in Figure 1) with 4 high-grade zones (outlining grab and channel samples ranging 0.5 oz/t gold or higher) outside of the current drilling area were discovered. The company intends to examine and ground-truth these areas before finalizing the second stage of drilling as outlined in the September 14th 2020 new release.

Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Falcon Gold Corp., The Central Canada Gold Mine Project, and Jack Lake Trend

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 south east of Agnico Eagle’s Hammond Reef Gold Deposit which has Measured & Indicated estimated resources of 208 million tonnes containing 4.5 million ounces of gold.  The Hammond Reef gold property lies on the Hammond fault which is a splay off of the Quetico Fault Zone (“QFZ”) and may be the control for the gold deposit.  The Central Gold property lies on a similar major splay of the QFZ.  

History of Central Canada gold mine includes;

The Company also holds 4 additional projects.  The Camping Lake Gold property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; the Spitfire-Sunny Boy Gold Claims near Merritt, B.C.; and most recently, the Springpole West Property near Red Lake, Ontario.


Falcon Gold Corp.
“Karim Rayani”  Karim Rayani
Chief Executive Officer, Director

Telephone: (604) 716-0551


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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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