DGAP-News

Falcon Gold Corp.: Falcon Receives High Grade Gold Results from Sampling - Backpack Drill Program, Spitfire-Sunny Boy - Merritt BC - Seite 2

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.

Falcon's Chief Executive Officer, Karim Rayani commented, " The sampling and backpack drill program has been a success - this further validates the theory of an epithermal gold system by past operators with its high-grade nature. We have identified multiple parallel gold-silver bearing vein structures over impressive strike lengths. We will continue to evaluate the property in preparation for an inaugural drilling program where historical drilling intersected 3.77 grams per tonne gold, 0.24 % copper, and 32.9 grams per tonne silver over 13.4 meters."

The Spitfire-Sunny Boy Gold Project

High grade gold values have been reported at 124 to 127 g/t gold (Au) and 309 to 514 g/t silver (Ag) in quartz vein material from underground workings by Quilchena Mining and Development Company Ltd. The narrow but high-grade veins have been trenched, pitted, blasted, and drilled but have never been commercially mined. 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 3.77 grams per tonne gold, 0.24 % copper, and 32.9 grams per tonne silver over 13.4 meters (AR #8494, AR# 15572 AR#1582, AR#18887).

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. Gold mineralization and the 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.