Falcon Gold Corp. Unveils High-Resolution Images of First Two Drill Holes from Late 2024 Exploration Program

Rhea-AI Summary

Falcon Gold Corp (TSXV: FG) (OTC Pink: FGLDF) has released high-resolution images from the first two drill holes of its late 2024 exploration program at the Great Burnt Copper-Gold Project in Central Newfoundland. The images showcase detailed core recovery and geological features from the initial drilling phase.

The visual documentation includes three core images displaying:

• Black shale with sulfide mineralization
• Close-up view of sulfide mineralization in shale
• Sulfide mineralization in quartz veins

CEO Karim Rayani indicated that while it's early in the first phase of exploration, the findings suggest evidence of an extensive mineralized system. The company aims to provide further updates once additional results become available.

Positive

• Initial drill cores show presence of sulfide mineralization, indicating potential mineral system
• High-quality core recovery achieved in drilling program

Negative

• No assay results or mineral grades reported yet
• Early stage exploration with unconfirmed economic potential

Toronto, Ontario--(Newsfile Corp. - March 13, 2025) - Falcon Gold Corp. (TSXV: FG) (OTC Pink: FGLDF) (FSE: 3FA) is pleased to announce the public release of high-resolution images from the first two drill holes of its late 2024 exploration program at the Great Burnt Copper-Gold Project in Central Newfoundland. The images, now available on the Company's website and social media channels, provide an unprecedented visual insight into the early stages of the drilling campaign and the quality of recovery obtained.

"Our release of these high-resolution images marks a significant step forward in our exploration program," said Karim Rayani, CEO of Falcon Gold Corp. "They not only highlight the excellent quality of the core recovery but also provide tangible evidence of the promising geological features we are beginning to uncover at the Great Burnt Copper-Gold Project. It's still early days in our first phase of exploration however we believe what we are seeing is evidence of an extensive mineralized system. We look forward to updating shareholders once we have further results."

Key Highlights:

• Visual Progress: The released images showcase detailed views of the first core recovered from our late 2024 program, illustrating the promising geological characteristics and mineralization encountered in the initial two holes.

• Exploration Milestone: This visual documentation supports previous press releases and reinforces the Company's robust exploration strategy in the Great Burnt camp, further validating geophysical targets identified during prior surveys and historical drilling.

• Enhanced Transparency: By sharing these images, Falcon Gold aims to keep its stakeholders and the broader investor community well informed about the project's progress, underlining its commitment to transparency and open communication.

Great Burnt Project Core Image #1, Black Shale with Sulfide Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4151/244469_8c53b342a4dfbaf9_001full.jpg

Great Burnt Project Core Image #2 , Close up View of Sulfide Mineralization in Shale

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4151/244469_8c53b342a4dfbaf9_002full.jpg

Great Burnt Project Core Image #3 , Sulfide Mineralization in Quartz Veins

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4151/244469_8c53b342a4dfbaf9_003full.jpg

Qualified Person
Victor French, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

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 currently has an 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 multiple additional projects: the Viernes Gold/Silver/Copper project in the world-class copper cluster located in Antofagasta, Chile; 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; the Spitfire-Sunny Boy, claims in B.C.; the Great Burnt Copper Project Central Newfoundland, and most recently battery metals projects, Timmins West Nickel-Copper-Cobalt Property Ontario, Outarde Nickel-Copper-Cobalt Property, HSP Nickel-Copper property in northern Quebec and the Havre St. Pierre Anorthosite Complex respectively.

CONTACT INFORMATION:

Falcon Gold Corp.
"Karim Rayani"

Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: k@r7.capital

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244469

FAQ

What did Falcon Gold's (FGLDF) recent drill core images reveal at the Great Burnt Project?

The images showed sulfide mineralization in black shale and quartz veins from the first two drill holes, suggesting potential evidence of an extensive mineralized system.

When did Falcon Gold (FGLDF) complete its initial drilling at the Great Burnt Copper-Gold Project?

The initial drilling was completed in late 2024 as part of their exploration program in Central Newfoundland.

What type of mineralization was found in FGLDF's Great Burnt Project drill cores?

The drill cores revealed sulfide mineralization present in both black shale and quartz veins.

Where is Falcon Gold's (FGLDF) Great Burnt Copper-Gold Project located?

The Great Burnt Copper-Gold Project is located in Central Newfoundland.