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 13 claims 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.
Numerous gold and cobalt occurrences that have seen historical surface & shallow drilling.
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.
- The Central Canada property is situated approximately 20 kilometers SE of Agnico Eagle’s Hammond Reef Gold Deposit which has a Measured & Indicated estimated resource of 208 Million Tonnes containing 4.5 Million ounces of Gold.
- The Hammond Reef gold property lies on the Hammond fault which is the control for the gold deposit. The Central Gold property lies on a smilar major structure – the Quetico Fault
- 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.
Falcon Gold plans to begin with detailed geological mapping & airborne geophysics and follow-up diamond drilling on gold and cobalt zones.