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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 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.