Spitfire & Sunny Boy BC | Falcon Gold Corp. | TSX:FG.V

Spitfire - Sunny Boy Project

Merritt, B.C.

Highlights

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2021 - Phase 2 Results

Sampling - Backpack Drilling

 Highlights of the Sunny Boy prospecting and backpack sampling program, 2021.

Highlights

  • The program was designed to test the 6 subparallel vein structures identified at Spitfire-Sunny Boy from previous exploration efforts. Results were very positive with anomalous gold values for almost every sample. Geologists and prospectors collected rock samples over 300m strike length along the Master Vein and up to a 250m strike length over other veins at Spitfire-Sunny Boy.

  • Due to visible gold noted in many of the samples, Falcon has commissioned total metallics gold analyses to determine the effect of the nuggety nature of gold may have had original fire assay method results. These values will be released once they have been obtained. Grab samples are select samples and may not necessarily be representative of the mineralization on the property. Backpack drilling is a portable drill utilizing chips of rock from a small-sized diameter hole drilled from surface.

2020 - Phase 1 Results

Sampling

Table of selected assay results from the Spitfire & Sunny Boy Claims 2020 sampling program.

Highlights

The Spitfire - Sunny Boy Structure

The Spitfire-Sunny Boy discovery has been referred to as an epithermal gold discovery by past operators and is hosted within the Quesnellia terrane, characterized by submarine volcanic and volcaniclastic rocks of the Nicola group to the south and the Takla group in the north. Two major north trending structures divide the area into three structure subdivisions. The Central and Eastern belts are separated by the Summers Creek Fault. The Central and Western belts are separated by the Allison Fault system. Locally, dacite and rhyolite flows, welded tuff and breccia and intercalated intermediate to felsic heterolithic volcaniclastic rocks are interpreted as representative of centres of felsic volcanism. The gold mineralization and geological setting of the project bears similarities to other developed projects in the region such as the epithermal gold deposits, Prospect Valley and Shovelnose, currently being explored by Westhaven Ventures Inc.

History

1908
The first recorded discoveries were made on the Spitfire &Sonny Boy claims in 1908, which is currently located in the north east portion of the property claim block. Most of the early exploration focused on quartz veins that hosted gold, copper and silver. High grade gold values have been reported at 124 to 127 g/t Au and 309 to 514 g/t silver (“Ag”) in quartz vein material from underground workings by Quilchena Mining and Development Company Ltd. The high-grade veins have been trenched, pitted, blasted, and drilled but have never been commercially mined.
1974
The main showing, Master Vein, boasts high-grade gold mineralization up to 50.53 oz/t as sampled by Ken Sanders, P. Eng in 1974. To the south-west of the Sunny Boy Zone in an area referred to as the “AL” showing soil geochemistry, geophysics (magnetometer/VLF), trenching, sampling and diamond drilling have been performed on the mineralized veins. The best drill result was reportedly 3.77 g/t Au, 0.24 % copper, and 32.9 g/t Ag over 13.4 meters.