TSXV:FG $0.035 OTCQB:FGLDF $0.025 FSE:3FA $0.0000
TSXV:FG $0.035 OTCQB:FGLDF $0.025 FSE:3FA $0.0000
Located in the historic Atikokan Gold Camp of northwestern Ontario, the Central Canada Gold Project combines past-producing mine workings, high-grade historical results, modern drilling, and strategic exposure to the Hammond Reef Gold District.
Past-Producing Asset
Atikokan Gold Camp
10.17 g/t Au over 3.0 m
Confirmed in Drilling
The Central Canada Gold Project is Falcon Gold’s flagship gold asset located in the historic Atikokan Gold Camp of northwestern Ontario, approximately 180 kilometres west of Thunder Bay.
The core property consists of 7 unpatented mining claims comprising 42 claim shares and covers the historic Central Canada Gold Mine, including past-producing mine workings, shaft development, and historical milling infrastructure. The project benefits from excellent access and is situated within a well-established mining district with a long history of gold exploration and development.
The project lies within the prolific Hammond Reef Gold District, approximately 20 kilometres southeast of Agnico Eagle Mines Limited’s Hammond Reef Gold Deposit.
According to Agnico Eagle’s mineral reserve and resource disclosure, Hammond Reef hosts approximately 3.3 million ounces of gold in open-pit probable mineral reserves, in addition to measured mineral resources of approximately 819,000 ounces of gold and indicated mineral resources of approximately 1.5 million ounces of gold.
The presence of this major gold system highlights the prospectivity of the broader district and reinforces the significance of Falcon’s strategic land position within a proven gold-bearing geological corridor.
The project combines historic production infrastructure, modern drilling success, high-grade intercepts, and a strategic location in a recognized gold district.
Past-producing mine workings and historical milling infrastructure.
Comprising 42 claim shares in northwestern Ontario.
Located in a district with a long history of exploration and development.
Approximately 20 kilometres southeast of the Hammond Reef Gold Deposit.
Modern drilling completed during 2020 and 2021.
Visible gold encountered in drilling across target areas.
Including 10.17 g/t Au over 3.0 metres.
500,000–1,200,000 tonnes grading 8–12 g/t Au, subject to cautionary statement.
Falcon has completed two phases of diamond drilling at the Central Canada Project, including programs conducted in 2020 and 2021, which confirmed structurally controlled gold mineralization and visible gold across multiple target areas.
Notable drill results include 10.17 g/t gold over 3.0 metres, including 18.6 g/t gold over 1.0 metre with visible gold, as well as 2.8 g/t gold over 7.5 metres.
Historical underground development, combined with modern drilling and exploration, continues to demonstrate the project’s potential. Falcon’s exploration strategy remains focused on advancing known mineralized zones, refining priority drill targets, and evaluating the broader potential of the Central Canada Gold Project within one of Ontario’s most prospective gold districts.
Notable Falcon drill result 10.17 g/t gold over 3.0 metres
Included interval 18.6 g/t gold over 1.0 metre with visible gold
Additional drill result 2.8 g/t gold over 7.5 metres
The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the delineation of a mineral resource. The conceptual target is not a mineral resource estimate and is not compliant with National Instrument 43-101. Additional drilling and technical work will be required to verify continuity, grade, and overall scale potential.
Historical records indicate that initial shaft construction began between 1901 and 1907, reaching approximately 12 metres in depth, with reported recovery of approximately 27 ounces of gold from 18 tons of processed material.
Central Canada Mines Ltd. advanced the project through underground development, shaft sinking, drifting, and the installation of a 75-ton-per-day gold mill.
Historical records indicate approximately 1,829 metres of drilling were completed, along with the development of a vertical shaft to 45 metres and approximately 42 metres of underground crosscuts and drifts. Operations were ultimately suspended during the Great Depression.
Anjamin Mines completed diamond drilling programs on the property and reported several high-grade gold intersections, including Hole S2 returning 2 feet grading 37 g/t gold and Hole S3 returning 7 feet grading 44 g/t gold.
Interquest Resources completed 13 diamond drill holes totaling approximately 1,840 metres and reported intercepts including 3.8 feet grading 30 g/t gold.
TerraX Minerals completed modern exploration programs including line cutting, geological surveys, mapping, and diamond drilling.
Falcon Gold subsequently advanced the project through its 2020 and 2021 drill campaigns, confirming visible gold, high-grade mineralization, and extensions of known mineralized structures.
The integration of historical exploration data with Falcon’s modern drilling programs continues to support the Company’s exploration model and the broader discovery potential of the Central Canada Gold Project.
Surface level plan view of the 2020 drill program showing the Falcon, TerraX and Anjamin drill intersections. Gold intervals define a broad mineralized trend that includes the historical shaft vein.
The newly documented Sugar Shear extends over 360m along the northern shore of Sapawe Lake, 650m southwest of the J.J. Walshe workings and returned values up to 22.9 g/t Au in blast rock from historical workings. Mineralization occurs within strongly quartz-sericite-ankerite-chlorite-pyrite altered felsic to mafic volcanic schist with millimeter to decimeter wide quartz-chlorite-pyrite-chalcopyrite veins with a strike width of 5-7m across.
The Monte Zone, 970m east-northeast of the J.J. Walshe shaft, is also newly documented and returned values up to 3.63 g/t Au in ankerite-sericite-chlorite-pyrite altered volcanic schist, and anomalous values in altered quartz-feldspar porphyritic intrusions and quartz veins in the schist.
The Honey Zone is a new discovery located on the north shore of Sapawe Lake, 600m east-southeast of the J.J. Washe showing with up to 1.04 g/t Au. Gold mineralization occurs within and along a strongly altered, steeply north-dipping, boudinaged quartz porphyritic intrusion in very highly strained volcanic rocks, associated with arsenopyrite and pyrite in fractures, quartz veins and disseminated in wall rock.
The Hoist Zone occurs 1900m east-northeast of the J.J. Walshe shaft, within mixed tonalite, granodiorite and gabbro near the folded contact of the greenstone and intrusive complex to the north. Mineralization consists of mm quartz-pyrite-chalcopyrite veins near gabbro-granodiorite contacts displaced by steep north dipping shear zones. Up to 1.12 g/t gold occurs in altered granodiorite.
The following references were provided as technical and historical sources for the Central Canada Gold Project page.