Falcon Gold Finalizes Third and Fourth Drill Hole at Great Burnt Copper-Gold Project, And Prepares for the Fifth Drill Pad
Falcon Gold Corp (TSXV: FG) (OTC: FGLDF) has completed its third drill hole and is finalizing the fourth at the Great Burnt Copper-Gold Project in Newfoundland. The company is preparing to move to Pad #5, targeting a high-priority airborne electromagnetic anomaly coincident with a strong magnetic response.
Recent drilling has revealed increased sulphide mineralization, including blebby to stringer sulphides, pyritic vuggy smoky quartz veins, and pyrite, pyrrhotite, and chalcopyrite mineralization. These findings suggest proximity to a larger mineralized body with potential for higher-grade copper and gold mineralization.
Despite challenging weather conditions, Falcon has established an on-site base camp to accelerate drilling operations. Core samples are being sent to IOS-accredited Eastern Analytical Laboratory in Springdale, Newfoundland for priority processing.
Falcon Gold Corp (TSXV: FG) (OTC: FGLDF) ha completato il suo terzo foro di perforazione e sta finalizzando il quarto presso il Great Burnt Copper-Gold Project in Newfoundland. L'azienda si sta preparando a spostarsi sul Pad #5, puntando a un'anomalia elettromagnetica aerea di alta priorit脿 coincidente con una forte risposta magnetica.
Le recenti perforazioni hanno rivelato un'aumentata mineralizzazione da solfuri, inclusi solfuri a bolla e a filamenti, vene di quarzo fumoso pirico e mineralizzazioni di pirite, pirrotite e calcopirite. Questi risultati suggeriscono la prossimit脿 a un corpo mineralizzato pi霉 grande con potenziale per una mineralizzazione di rame e oro di qualit脿 superiore.
Nonostante le condizioni meteorologiche difficili, Falcon ha stabilito un campo base in loco per accelerare le operazioni di perforazione. I campioni di nucleo vengono inviati al laboratorio Eastern Analytical, accreditato da IOS, a Springdale, Newfoundland per un'elaborazione prioritaria.
Falcon Gold Corp (TSXV: FG) (OTC: FGLDF) ha completado su tercer pozo de perforaci贸n y est谩 finalizando el cuarto en el Great Burnt Copper-Gold Project en Newfoundland. La compa帽铆a se est谩 preparando para trasladarse a la Plataforma #5, apuntando a una anomal铆a electromagn茅tica a茅rea de alta prioridad coincidente con una fuerte respuesta magn茅tica.
Las perforaciones recientes han revelado un aumento en la mineralizaci贸n de sulfuros, incluyendo sulfuros en burbujas y en filamentos, venas de cuarzo ahumado pir铆tico y mineralizaci贸n de pirita, pirrotita y calcopirita. Estos hallazgos sugieren la proximidad a un cuerpo mineralizado m谩s grande con potencial para una mineralizaci贸n de cobre y oro de mayor calidad.
A pesar de las desafiantes condiciones clim谩ticas, Falcon ha establecido un campamento base en el sitio para acelerar las operaciones de perforaci贸n. Las muestras de n煤cleo se env铆an al laboratorio Eastern Analytical, acreditado por IOS, en Springdale, Newfoundland para un procesamiento prioritario.
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Falcon Gold Corp (TSXV: FG) (OTC: FGLDF) a achev茅 son troisi猫me trou de forage et finalise le quatri猫me au Great Burnt Copper-Gold Project 脿 Terre-Neuve. L'entreprise se pr茅pare 脿 se d茅placer vers le Pad #5, ciblant une anomalie 茅lectromagn茅tique a茅rienne de haute priorit茅 co茂ncidant avec une forte r茅ponse magn茅tique.
Les forages r茅cents ont r茅v茅l茅 une augmentation de la min茅ralisation en sulfures, y compris des sulfures en boules et en filaments, des veines de quartz fum茅 pyritique, ainsi que des min茅ralisations de pyrite, de pyrrhotite et de chalcopyrite. Ces d茅couvertes sugg猫rent la proximit茅 d'un corps min茅ralis茅 plus grand avec un potentiel de min茅ralisation en cuivre et en or de plus haute qualit茅.
Malgr茅 des conditions m茅t茅orologiques difficiles, Falcon a 茅tabli un camp de base sur site pour acc茅l茅rer les op茅rations de forage. Des 茅chantillons de carottes sont envoy茅s au laboratoire Eastern Analytical, accr茅dit茅 par l'IOS, 脿 Springdale, Terre-Neuve pour un traitement prioritaire.
Falcon Gold Corp (TSXV: FG) (OTC: FGLDF) hat sein drittes Bohrloch abgeschlossen und finalisiert das vierte im Great Burnt Copper-Gold Project in Neufundland. Das Unternehmen bereitet sich darauf vor, zu Pad #5 zu wechseln, wobei ein hochpriorisiertes luftgest眉tztes elektromagnetisches Anomalie angestrebt wird, das mit einer starken magnetischen Reaktion 眉bereinstimmt.
Die j眉ngsten Bohrungen haben eine erh枚hte Sulfidmineralisierung offenbart, einschlie脽lich blasenf枚rmiger und fadenf枚rmiger Sulfide, pyritischer, rauchiger Quarzadern sowie Mineralisierungen aus Pyrit, Pyrrhotin und Chalcopyrit. Diese Ergebnisse deuten auf die N盲he zu einem gr枚脽eren mineralisierten K枚rper mit Potenzial f眉r hochgradige Kupfer- und Goldmineralisierungen hin.
Trotz herausfordernder Wetterbedingungen hat Falcon ein Basislager vor Ort eingerichtet, um die Bohrarbeiten zu beschleunigen. Kernproben werden zur priorisierten Verarbeitung an das von IOS akkreditierte Eastern Analytical Laboratory in Springdale, Neufundland, gesendet.
- Increasing sulphide mineralization indicates potential proximity to higher-grade copper-gold deposits
- Discovery of new mineralization types (pyritic vuggy quartz veins) suggests gold-bearing potential
- Strategic establishment of on-site base camp enables accelerated drilling operations
- Weather conditions causing operational challenges
- No assay results available yet to confirm mineralization grades
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2025) - Falcon Gold Corp. (TSXV: FG) (OTC Pink: FGLDF) (FSE: 3FA) ("Falcon" or the "Company") is pleased to announce the successful completion of its third drill hole at the Great Burnt Copper-Gold Project in Newfoundland. Drilling on the fourth hole is now being finalized, and preparations are underway to move the drill rig to Pad #5, marking a critical step forward in Falcon's aggressive and systematic exploration of this highly prospective copper-gold system.
This progress follows Falcon's March 13, 2025, release of core images from its late 2024 exploration program. Despite facing unprecedented rains and early spring conditions, Falcon has taken proactive steps to mitigate logistical challenges by establishing an on-site base camp. With this infrastructure in place, the team is now well-positioned to accelerate drilling and unlock the full potential of Great Burnt's mineralized system.
Drilling updates and Key observations:
"We are highly encouraged by the latest results from Great Burnt," stated Karim Rayani, CEO of Falcon Gold. "The geological indicators we are seeing – particularly the significant increase in sulphide mineralization – strongly suggest we are closing in on a major mineralized system. This aligns with our technical team's expectation, reinforcing confidence in our exploration model."
Hole #5 represents one of the most exciting drill targets in the program. It is designed to test a high-priority airborne electromagnetic (EM) anomaly coincident with a strong magnetic response – a textbook geophysical signature for volcanogenic massive sulphide (VMS) deposits, which are known for their high copper and gold content.
If Hole #5 confirms a direct link between this anomaly and the expanding mineralized zones already identified, it could represent a significant discovery, further strengthening the project's potential as a major copper-gold asset.
Increasing Sulphide Mineralization: A Strong Indicator of System Expansion
Recent drilling has revealed a clear uptick in sulphide content, an encouraging development as Falcon moves towards the heart of the mineralized zone. Notable observations include:
Blebby to stringer sulphides, transitioning to semi-massive and massive sulphide bands
Pyritic, vuggy, smoky quartz veins, which were not present in earlier drill holes and are strong indicators of a gold-bearing hydrothermal system
Pyrite, pyrrhotite, and chalcopyrite mineralization, confirming the presence of a robust copper-gold system
These results strongly suggest that Falcon is vectoring towards a larger mineralized body, with the potential for both higher-grade copper and gold mineralization.
Figure 1: Disseminated Pyrite in a Vuggy Quartz Vein. Grey Coloured (smokey) Quartz Veins, Vugs, and Pyrite are Typical Indicators of a Gold Mineralization System.
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Figure 2: Stringers and Blebs of Strong Sulphide (Pyrite & Pyrrhotite with minor Chalcopyrite) Mineralization.
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Figure 3: Narrow, Centimeter-scale Semi-massive Sulphide (pyrite and pyrrhotite) Band.
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Next Steps: Unlocking Great Burnt's Full Potential
With drilling progressing on schedule, Falcon Gold is prioritizing:
Hole #5's completion, targeting a strong EM anomaly with the potential to significantly expand the known mineralized system
Rapid core analysis, with samples being shipped to IOS-accredited Eastern Analytical Laboratory in Springdale, Newfoundland for priority processing
Strategic drill planning, incorporating these latest results to refine and optimize future drill targets
Falcon Gold is committed to unlocking the full potential of the Great Burnt Copper-Gold Project, and all signs point to continued success. With each hole, the team is gaining a deeper understanding of this mineralized system, and upcoming assay results will be pivotal in shaping the next phase of exploration.
Qualified Person
Victor French, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit which currently has an estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). Ref: . The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ. The neighboring properties results do not necessarily apply to the current project or property being disclosed
The Company holds multiple additional projects: the Viernes Gold/Silver/Copper project in the world-class copper cluster located in Antofagasta, Chile; the Springpole West Property in the world-renowned Red Lake mining camp; a
CONTACT INFORMATION:
Falcon Gold Corp.
"Karim Rayani"
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: [email protected]
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.
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FAQ
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