Northeast trending structural lineaments first recognized by Sassy Resources to the immediate east are interpreted to continue onto the Property. An interpretation of the regional magnetics shows NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-fractures, which indicate a regional setting similar to that to the highly prospective eastern Exploits Subzone. Gold mineralization models along the Exploits Subzone are based on analogous structural settings to those at Fosterville in Victoria, Australia (https://exploitsdiscovery.com/projects/).
Recent exploration by Sassy Resources on their Gander North Project have returned spectacular results from soil geochemistry sampling surveys as evidenced with recent published results of 1,432 ppb Au in northeast trending zones.
Falcon’s Gander South Property is hosted within the Exploits Subzone of the central Newfoundland gold belt. The property covers extensions or is proximal to major structure, the Dog Bay-Appleton-Grub Line fault system, a crustal scale fault zone that extends from the north coast of Newfoundland, southwest through Gander and these structural corridors are intimately associated with recent gold discoveries including New Found Golds Queensway Project. The property lies within a domain of ambiguous geophysical signatures with the only coverage being large-scale regional geophysical surveys and even with these coarse lines spacings, preliminary interpretations indicate zone boundaries and mapped units differ significantly from published regional geological maps.