Gaspard Gold Property | Clinton Mining District | Falcon Gold

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Gaspard Gold Project

Clinton Mining District, BC

Gaspard Gold - Highlights

 The Gaspard property cover 7,969 hectares in the Clinton Mining District of central British Columbia.

The Property covers similar geology to the Spences Bridge Gold Belt (the “SBGB”) that hosts Westhaven Gold Corp.’s (TSXV:WHN) Shovelnose gold project and the Blackdome Zone gold-silver deposit owned by Tempus Resources (ASX:TMR).

The Spences Bridge Gold Belt

The SBGB forms a northwest trending belt of Cretaceous-aged, volcaniclastic and sedimentary rocks 430 km long and up to 24 km wide extending in central BC

The relatively underexplored volcanic rocks are highly prospective for low-sulphidation epithermal gold mineralization. Recent drilling on the Shovelnose Gold Project by Westhaven Gold Corp. reported 614 g/t Au and 2,070 g/t Ag over 0.45 m within 41.55m of 8.17 g/t Au and 34.64 g/t Ag (see press Westhaven press release dated June 1, 2021).

The Blackdome Gold Mine

The Blackdome Zone located 26km to the south was a former mine having produced 225,000 of gold at an average grade of 20 g/t Au.

Indicated grading 11.29 grams per tonne (“g/t”) gold and 50.01 g/t silver, and 90,600 t Inferred grading 8.79 g/t gold and 18.61 g/t silver (as currently reported by Tempus Resources Ltd.)

On, February 3rd ,2022, Falcon announced results from heavy mineral concentrates from three creek drainages grading 0.236 g/t Au, 1.097 g/t Au and 0.525 g/t Au. The stream sediment samples were collected over 3km southeast of previous and historical anomalous stream samples taken in 1990 from 4 parallel drainage patterns. The total apparent length of a gold anomaly that would potentially support an extensive drainage system at Gaspard is now 5km in length.

Historical Work

Stream sediment sampling and soil sampling in the northern part of the claims group that successfully discovered gold geochemical anomalies.

Discovery Consultants Ltd. was hired during the 1990 field season to collect eleven (11) heavy mineral stream sediment samples. This survey covered four creek drainages on the current Gaspard 3 claim from the base to headwaters. A follow-up survey consisting of 212 “B-Horizon” soil geochemistry samples was also completed. 

  • Anomalous grades of the stream sediment samples returned from 94 ppb Au to 5,910 ppb Au within 4 adjacent streams, defining a continuous gold anomaly over an upstream distance of 1.8 kilometers.
  • Anomalous B-Horizon soil samples assayed by standard fire assay ranged up to 1127 ppb Au and confirmed the findings of the stream sediment survey. In combination, the gold anomaly defined gold anomaly is defined over a surface area of 1800 m x 1200 m and much of the claims to the south east remain to be tested.
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The Spences Bridge Gold Belt

The SBGB forms a northwest trending belt of Eocene-age, volcaniclastic and sedimentary rocks more than 430 km long and up to 24 km wide extending to the north east from town of Princeton.  The volcanic units are dominated by dacitic to rhyolitic volcaniclastic rocks, breccias and domes that are well known to host significant gold occurrences.  The volcanic sequence observed on the Gaspard Gold Claims includes a low-dipping dacitic flow unit overlain by a central volcaniclastic rhyolitic unit capped by basalts.  The Property is located immediately east of the northernmost mapped limit of the Spences Bridge Group, in an area that is presented on regional BC geological maps as unnamed Eocene-age, intermediate to felsic volcaniclastic rocks bearing remarkable similarity to the Spences Bridge Group.