BIG NEWS!
FALCON REPORTS ON ITS 2020 CENTRAL CANADA DRILL PROGRAM HITTING GRADES AS HIGH AS 20.5 G/T FROM THE VISIBLE GOLD INTERCEPT!
FG currently has $0.80 million in cash. We estimate that in the money options and warrants can bring in over $2.5 million.
We expect a number of catalysts in the near-term based on multiple exploration programs planned across its properties.
Falcon started a new 2,000m program November 2020 to prove up a resources estimate at Central Canada Gold mine.
We expect support from gold prices as our Q4-2020 forecast is US $1,925 per oz versus the current US$1,905.
Spitfire and Sunny Boy claims in B.C. returned very high-grade values of 59.8 g/t gold over 2.2m, including 122 g/t golf over 1m.
Management and board members hold 17% of the outstanding shares.
Covers more than 10 km of highly prospective Quetico Fault Zone Historical Gold Production
Located approximately 20 km southerly, of Great Bear Resources recent Dixie Lake high-grade gold discoveries
Located 16km east of Merritt with excellent infrastructure and access.
IAMGOLD earned a 51% interest by paying $150,000 in cash to Falcon Gold and completing $600,000 in exploration expenditures
Falcon continues to impress hitting multiple zones of Visible Gold - as high as 18.2 g/t the company his working towards bringing its historical resource of 230,000 Au to a current 43101 Compliant resource.
Borders Agnico Eagle's 4.6 Million Ounce Hammond Reef Deposit- Covers more than 10 km of highly prospective Quetico Fault Zone
Falcon returns to drilling, 2,000m (estimating 9 holes) to create the projects first compliant mineral resources estimate
The 502 ha Spitfire and Sunny Boy claims in B.C. (16km east of Merritt) with excellent infrastructure and access.
In August 2020, the company acquired the 4,400 ha Springpole West property northeast of Red Lake. It is close to First Mining Gold Corp.’s (TSX: FF)
Channel samples returned up to 122 grams/tonne (3.56 oz/ton) gold over a meter. Historical samples as high as 50.53 oz/ton from the Master Vein.
Unit 110 - 175 Victory Ship Way
North Vancouver, BC
Canada, V7L 0B2
Tel:
604-670-0019
Clark Wilson LLP
900 - 855 West Georgia Street
Canada, V6C 3H1
Tel: 604-687-5700
Clark Wilson LLP
900 - 855 West Georgia Street
Canada, V6C 3H1
Tel: 604-687-5700
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