Investors Keep an Eye on Gold as Governments Worldwide Take Action - Seite 2

Falcon is also pleased to report that each of the three drill holes of this release penetrated the Central Canada main mine trend with gold mineralized intersections including the visible gold core sample from CC20-12. Highlights of the drill intersections for CC20-12 are as follows:

• The Central Canada main gold zone occurred from 89.6m to 102.9m for 14.8m core length;
• The weighted average grade of the main gold zone is 1,570 ppb gold or 1.57 grams per tonne gold ("g/t Au");
•  Within the main zone intersections, the first meter of core returned 5.68 g/t Au: and,
• Intersections from 97.4m to 98.6m (1.2m) averaged 6.06 g/t Au which includes the visible gold sample that assayed 20.5 g/t Au over 0.3m.

The Central Canada main gold zone as intersected in drill holes, CC20-10 and -11, was somewhat narrower being approximately 3.5m and mineralized with 0.5% to 2.0% pyrite in silicified and chloritic units and quartz veins. The host rock lithologies include metamorphosed quartz feldspar porphyries, felsic pyroclastic units and mafic volcanic flows and intrusive units, all of which may be intensely altered to such a degree as to obliterate most original features.

The Company's hole, CC20-12 was collared approximately 70m north-north-west of the shaft to target the main gold zone at a vertical depth of approximately 75m. This hole reported entering high-grade gold mineralization of 5.68 g/t Au in a 1m sample at 89.6m within altered porphyry. This intersection was the first of a 14.8m core length zone with an average grade of 1.57 g/t Au. In addition, visible gold was identified in a 0.3m vein at 97.6m that returned an assay of 20.5 g/t Au.

Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, 'Our drill program is continuing to expand the potential of the Central Canada gold mine. The results from Falcon's fall drilling gives us more than encouragement that the historic gold resources of this mine were as advertised back in 1934. We have a substantial number of samples pending analysis and look forward to reporting on our findings as soon as the results are available.'

Qualified Person: The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects."

For our latest "Buzz on the Street" Show featuring Falcon Gold Corp. recent corporate news, please head over to: https://www.youtube.com/watch?v=AWMJO9D0b48

Agnico Eagle Mines Limited (NYSE: AEM) reported back in October quarterly net income of $222.7 million, or net income of $0.92 per share, for the third quarter of 2020. The increase in cash provided by operating activities in the third quarter of 2020, compared to the prior-year period, was mainly due to an increase in revenues from mining operations resulting from higher average realized gold and silver prices, and higher gold sales volume, offset by higher production costs from the Meadowbank Complex, the LaRonde Complex and the Meliadine mine as a result of higher throughput levels, and higher income and mining taxes related to higher operating margins in the quarter.