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 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.