Vancouver, B.C., August 22, 2019. FALCON GOLD CORP. (FG: TSX-V) (“Falcon” or the “Company”) reports
it has commenced an exploration sampling program on its Wabunk Bay gold and base metal property
located in the Red Lake District of northwestern Ontario.
The claims cover an area of approximately 304 hectares and are contained within the Birch-Uchi-
Confederation Lakes greenstone belt which hosts the world-renowned Red Lake gold deposits as well as
Great Bear Resources’ (GBR:V) Dixie project. The Wabunk property appears to be hosted within a similar
geological structure to the Dixie lake project.
Several small gold mines were developed in this greenstone belt during the 1930s, including the Uchi
Mine, which produced 114,000 ounces of gold. The Red Lake mining district has produced over
30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major
active mining operations including the Red Lake Gold Mine of Goldcorp Inc.
The objective of this initial program is to follow-up on historical trenching and drilling activity and entails
prospecting and sampling showings that historically have produced encouraging surface and drill core
assay values. General prospecting and sampling of the favourable geological host rock will be initiated and
traced away from the mineralized trenches.
The property has potential for gold in the greenstone volcanic rocks which host the past producing Uchi
Mine located approximately 2 km to the west; and base metals with anomalous cobalt and precious
metals found with copper and nickel mineralization in the gabbro. The correlation between the base metal
mineralization and previously completed airborne magnetics will also be evaluated during the site visit.
The Wabunk area was covered by an airborne geophysical survey completed by a previous operator in
2003 that identified two magnetic and conductive anomalies.
The technical content of this news release has been reviewed and approved by Robert T. Chataway, P. Geo., who is
a member of the Association of Professional Geoscientists of Ontario and is a Qualified Person as defined by
National Instrument 43-101, Standards of Disclosure for Mineral Projects
About Falcon Gold Corp.
Falcon is a Canadian, mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Its Ontario, Canada projects include: The Central Canada gold and copper projects in Atikokan; The Bruce and Camping lake projects in Red lake; The Wabunk Bay base metal project in Red Lake and an interest in the Burton gold property located near Sudbury.
Falcon Gold Corp.
Cautionary Language and Forward-Looking Statements
This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.