Falcon Gold (FG.V) has put out the results of their preliminary gold analyses for drill holes CC 20 – 15, – 16 and – 17.

 

The drilling took place at their flagship Central Canada Gold & Polymetallic project, approximately 21.5 km east of Atikokan, and about 160 km west of Thunder Bay. The drilling took place between December 12 – 20, 2020.

 

 

The three holes totalled 471m and were drilled south-south-east to target the main gold zone. As you can see above in Table 1, the drill hole CC 20-15 produced the best results. Its highlights are a half-meter portion with 5.77 Au g/t, four meters of 1.35 Au g/t, and a 0.8 meter portion of 3.95 Au g/t. The other drill holes higher graded portions were between 0.46 and 1.5 Au g/t, with lengths between 0.6 and 12.4 meters.

Mr. Karim Rayani, Falcon’s Chief Executive Officer, commented, “We are very pleased with the results of the first round of drilling on the Central Canada gold project.  The mineralization is proving to be quite robust – existing over a respectable strike length.  Our next job will be to determine what geological structures control the high-grade sections and what may be the potential for the broad porphyry-hosted gold zones to be incorporated in the resource estimations.”

The samples were processed by Activation Laboratories, an ISO/IEC 17025:2017 accredited facility, who have been providing analysis for geochemical and geo-metallurgical companies since 1987. The gold was analyzed by fire assay with an Atomic Absorption finish, and samples with >5 g/t Au were re-analyzed by fire assay with gravimetric finish. Gold results from the holes reported herein varied from below detection to 5.77 g/t. There were no quality control issues reported.

 

These results show there is definitely some gold there, even if it is not a bonanza hole. As figure 1 shows, some of Falcon’s most promising drilling took place in the latter half of 2020. These most recent results provide Falcon Gold with useful information for their future exploration.

 

The stock price has not moved following the news.

Full disclosure: Falcon Gold is an Equity.Guru marketing client.

Written By:

Piers Eaton

Canadian, English, and American writer, interested in human behavior. Can usually be found on reading or on a walk. Passable musician and decent snowboarder.

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