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Falcon Gold confidence boosted after strong results at second hole, Central Canada Gold Mine, Atikokan

Aug 14, 2020

FALCON GOLD has received fire assay results and certain check assays for its second diamond drill hole, CC20-02, from its Central Canada Gold Mine project, near Atikokan in north-western Ontario. Falcon's Chief Executive Officer, Karim Rayani commented, "These commanding results from the Central Canada mine's main trend have given our Company another boost in confidence. The mine's historical gold zone was reported to be a narrow, high-grade quartz vein and our first two drill holes support the historical reports. Our geological team believes we are seeing definite confirmation that the zones are present and very importantly, the zones are contained within gold mineralized halos that may be several meters thick. In my opinion, these high-grade veins and attendant gold-mineralized halos give us a previously unidentified exploration target with much greater economic potential." 

Includes highlight drill core assay of 23.11 grams/tonne gold ("g/t Au") over 0.52 meters ("m") within a continuous 5.83 meter mineralized zone

This hole and the previously announced CC20-01 were drilled east of the historic mine shaft with the second hole confirming the high-grade mine trend for approximately 75 m of strike to west-southwest. In addition, this second hole, CC20-02, is the first of the seven holes completed for the 2020 summer program to report visible gold within a mineralized intersection.

The presence of visible gold within mineralized drill core may be common for such high-grade zones as at the Central Canada project. However, the "nugget-affect" can often cause difficulties for assayers to accurately determine the grade of mineralization. As experienced by Falcon's results, the company has assays and check assays that have varied by as much as 320%. Two of the highly variable gold grades determined within the hole CC20-02, are included in the table of results, below. The average grade for the varied results was calculated and used for the weighted average grade for the zone. It is important to note that the initial assays and the check assays were conducted independently at different laboratories, each of which is an accredited assayer.


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