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Golden Brook JV

Newfoundland

Falcon has formed a strategic partnership with Marvel Discovery Corp. with the goal of exploring prospective claims recently acquired in the Hope Brook and Baie Verte Brompton Districts. The combined total of both projects covers 115,170 hectares and will be explored together on 50-50 Joint Venture basis. This Alliance further empowers Falcon and Marvel to work together sharing in the potential upside of this impressive land package while reducing costs and capital.

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Hope Brook Zone

  • The Hope Brook now owned by First Mining has since been optioned to Big Ridge Exploration which has outlined an additional 6.33 million tonnes at an average grade of 4.68 grams per tonne Au for 954,000 ounces of gold

  • Initial permits for the first phase of exploration on the company’s Hope Brook project in Newfoundland (09-20-2021) Including: high-resolution magnetic gradiometry surveys and prospecting crews to the area.

  • Sokoman-Benton’s new High Grade lithium discovery is less than 10km away. The 35 grab and chip samples are noted in the Sokoman-Benton NR (September 16th 2021) were collected over a 2km distance.

Baie Verte Zone

  • The Baie Verte Property hosts the Baie Verte Brompton Line (BVBL). The BVBL is an important structural corridor hosting over 100 gold occurrences.

  • Historical drilling intersected 3.77 grams per tonne gold, 0.24 % copper, and 32.9 grams per tonne silver over 13.4 meters

    • Backpack drilling from surface of 68.7 g/t Au and 11.8 g/t Ag over a drilled intersection of 0.47m.

  • The Baie Verte Property also has the potential to host iron, titanium and vanadium. The Four Corners Project owned by Triple Nine Resources is surrounded by Falcon Gold. Mineralization at Four Corners has been outlined over 3 km with intercepts 200 m wide and 600 m vertically. The project contains sufficient tonnage and grades to warrant developing a world class mineral resource (https://triplenineresources.com/2020/10/triple-nine-updates-new-initiatives-on-the-four-corners-project/).

The BVBL structure is strategically located in a peninsula that hosts all of Newfoundland’s current gold production. Producing mines include Anaconda Mining Inc.’s Point Rousse gold mine and Rambler Metals Mining operations. Former producing mines include the Terra Nova mine and deposits of the Rambler mining camp. All of these mines are in close proximity to the BVBL. There are more than 100 gold prospects and zones, many of which are orogenic-style, related to major splays and related second-order structures linked to the BVBL. The Matador Mining Ltd. Cape Ray Project reporting 837,000 ounces of gold is also proximal to the BVBL (https://matadormining.com.au/cape-ray/resource/). The Falcon–Marvel partnership now control ground over a 70-kilometer corridor along the BVBL.