Welcome to our dedicated page for Falcon Gold news (Ticker: FGLDF), a resource for investors and traders seeking the latest updates and insights on Falcon Gold stock.
Falcon Gold Corp. is a Canadian mineral exploration company whose updates center on gold and copper-gold projects in Ontario, Newfoundland, and British Columbia. News releases describe permitting and drill planning at the 100%-owned Central Canada Gold Project near Atikokan, exploration results and geological work at the Great Burnt Copper-Gold Project, and field work at the Sunny Boy-Spitfire project near Merritt, British Columbia.
Recurring developments include staking and acquisitions of mineral claims in Central Newfoundland, notices of work and exploration permit applications, diamond drilling, trenching, geophysical surveys, core observations, assay results, and appointments of technical personnel to manage project programs.
Falcon Gold Corp. (OTC PINK:FGLDF) announced preliminary gold analyses from its drill holes CC 20 - 12, - 13, and - 14, revealing significant intersections such as 10.80 g/t Au over 30 cm in CC 20 - 12. The company has also sent 308 samples from holes CC 20 - 15, - 16, and - 17 for analysis and is reevaluating core from previous holes. The Central Canada property, where Falcon aims to drill up to 20 new holes in 2021, has shown promise for high-grade gold and copper-cobalt sulphides, with a potential for resource estimation. The preliminary results from geophysical surveys confirm significant anomalies in the area.
Falcon Gold Corp. announced an update on its fall 2020 drilling program at the Central Canada gold mine. Preliminary analyses of drill holes CC20-10, CC20-11, and CC20-12 indicate significant gold mineralization, with CC20-12 showing a weighted average grade of 1.57 g/t Au. Notable intersections from CC20-12 include a meter sampling at 5.68 g/t Au and visible gold at 20.5 g/t Au. The drilling program highlights the mine's potential, with additional assay results pending from 264 samples.
Falcon Gold Corp (FGLDF) announced a restated agreement to acquire up to a 100% interest in the ERSA mineral concessions in La Rioja, Argentina, currently owned by Esperanza Resources S.A. The property, covering 11,072 hectares, is near historical gold and silver mines. Under the new option agreement, Falcon will initially earn 80% interest by making payments of 500,000 shares and warrants over four years, along with a minimum expenditure of $350,000. Following completion, Falcon can acquire the remaining 20% for an additional 2 million shares and $1.5 million.
Falcon Gold Corp. has signed a renegotiated agreement to acquire up to 100% interest in the ERSA mineral concessions in La Rioja Province, Argentina. The agreement is pending TSX Venture Exchange approval. The ERSA Property covers 11,072 hectares and is well-located near historical mining sites. The company plans to make total payments of 500,000 shares and 500,000 warrants over four years, alongside minimum expenditures of $350,000. Upon completion, Falcon will own 80%, with an option to acquire the remaining 20% for 2 million shares and $1.5 million.
Falcon Gold Corp. (FGLDF) has announced its agreement to acquire the Gaspard Claims in central British Columbia, covering 3,955 hectares. This property may extend the Spences Bridge Gold Belt, known for significant gold deposits. CEO Karim Rayani noted the potential of high-grade soil and stream sediment samples. The acquisition involves a payment of $15,000, issuance of 200,000 common shares, and 200,000 warrants. Falcon will also invest $34,000 in exploration during the 2021 season. Historical data indicates promising gold anomalies, suggesting further exploration is warranted.