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Falcon Gold drilling at Central Canada property near Atikokan

Apr 17, 2020

FALCON GOLD CORP. (TSXV: FG), (FSE: GR); ("Falcon" or "the Company") is pleased to announce that the drilling has commenced on its Central Canada Gold Project. The program is designed to target a significant induced polarization ("IP") anomaly interpreted by Terra-X Minerals Ltd. 2010 ground geophysics survey which extends 200-meters along strike of the Central Canada mineralized zone which has sampled up to 44 g/t Au over 2 meters (Anjamin Mines Ltd. 1967).

Gold mineralization can be traced across the Central Canada structure, interpreted as a large splay along the Quetico Fault Zone. With more recent drilling by Interquest Resources Corp. intersecting over 1 meter @ approximately 30 g/t gold in diamond drill core and 23.3 meters @ 0.83 g/t gold and 10.61m @ 1.32 g/t gold in 2012 by Terra-X Minerals. Trenching work in 2011 indicated significant gold mineralization to the south of the historic Sapawe Gold Mine, where the operator sampled up to 6.7 g/t gold along a strongly mineralized shear zone.

Gold prospects in the Central Canada Project are typically associated with metavolcanics and felsic intrusive rocks which are cross-cut by quartz-porphyry dykes and sills with later-stage quartz veining. Economic mineralization has been observed in highly mineralized shear zones and quartz veins.

The largest nearby deposit discovered to date is represented by the Sapawe Gold Mine which milled 33,013 tonnes of ore (producing 4,547oz gold & 1,315 oz silver) with an unclassified resource of 528,614 tonnes @ 0.31 oz/t gold calculated by Sapawe Gold Mines Ltd. in 1995. Significant gold mineralization has also been identified in the halo of the original Sapawe Mine of up to 24 g/t.


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