Central Canada Gold & Polymetalic Project
Approximately 21.5 km east of Atikokan, and about 160 km west of Thunder Bay.
Access is from Hwy 11 to Hwy 623 to the mine access road on the north side of Sapawe Lake.
The property consists of 10,392 ha and covers an historic producer with shaft and mill site as well as the Historical Staines Copper & Cobalt with reported drill intersection of 0.64% Cu, 0.15% Co, 1.1% Zn and 0.35 g/t Au over a true width of 40 m.
The Property has two geological regimes. Northern claims are underlain by Archean age greenstone rocks that include mafic volcanic flows, gabbroic intrusions and quartz feldspar porphyries in which the gold mineralization is hosted.
The south part of the Property is covered by Sapawe Lake and is underlain by iron formation and greenstone rock units that host Falcon’s targeted gold and cobalt Occurrences.
Falcons most recent drilling locations can be seen on the map below. Each of the program’s 7 core holes successfully intersected the historical mine trend with mineralized quartz veins intersected to a depth of 175 m below surface. The final two holes have confirmed the mineralization along strike for a distance of 200 m west of the reported resource area. Drilling also defined a well-mineralized quartz porphyry unit from the 40 m to 65 m depth. The deepest hole, CC20-07, discovered a previously unidentified mineralized fault zone with extensive quartz veining from 142 m to 177.46 m. Significant chalcopyrite, pyrite, and arsenopyrite were noted by the logging geologist throughout the intersection.
The field team has completed logging and samples have been delivered to Activation Laboratories Ltd. (“Actlabs”) in Thunder Bay, ON to undergo fire assay gold analysis.
- The northern staked claims are contiguous with the Hammond Reef property on its northern boundary and are located approximately 3.5 km north of the main part of the Hammond Reef gold zone that reportedly hosts a reported Measured and Indicated Resource in the order of 4.5 million ounces (“oz”).
These highly strategic acquisitions have been completed as Falcon continues to develop and constrain gold, silver, and base metal mineralization along the 25 kilometers of the Quetico Fault Zone. The southern acquisition covers a prospective geological trend with both ferrous and non-ferrous base metal deposits and precious metal mineralized zones.
- 1901 to 1907 – Shaft to a depth of 12 m and 27 oz of gold from 18 tons using a stamp mill.
- 1930 to 1935 – Central Canada Mines Ltd. deepened the shaft to 40 m with about 42 m of crosscuts and installed a 75 ton per day gold mill.
- 1965 – Anjamin Mines Limited completed diamond drilling and in hole S2 returned a 2 ft section of 37.0 g/t Au and hole S3 assayed 44.0 g/t Au across 7 ft.
- 1985 – Interquest Resources Corp. drilled 13 diamond holes totaling 1,840 m in which a 3.8 ft intersection showed 30.0 g/t Au.
- 2020 – Falcon Gold Corp. The 7 holes, totaling 1,055 meters (“m”) assayed high-grade gold mineralization over a 3 m interval of 10.17 g/t Au at 67 m depth. Falcon also intersected a new mineralized zone untested by previous operators at 104 m depth, which sampled 18.6 g/t Au over 1 m.