Falcon Gold releases more data from Central Canada Project

FALCON GOLD CORP. is pleased to announce it has completed 3 drill holes totalling 468 metres along the Central Canada Mineralized Zone, a continuation of the initial mineralized zone defined by Terra-X in 2012. The 3 holes successfully intersected a highly altered felsic intrusive rock unit with significant pyrite, arsenopyrite, lead telluride, and visible gold mineralization. A summary of Falcon's examination is included below:

• CC20-01 intersected the gold bearing zone from 33.46 to 79.83 metres (46.39 m width), which was designed to intersect the zone 20 metres west along strike of the historic producing shaft at the 100 ft (30 metre) production level. 
   
• CC20-02 intersected the gold bearing zone a further 70 metres west along strike of the shaft from 26.9 to 62.23 metres (35.33 m width). Falcon's geologist identified several sections of >2% pyrite, arsenopyrite, and lead telluride mineralization. This zone includes a 3.91 metre interval (31.61 to 35.52 m depth) which hosts significant visible gold mineralization associated with arsenopyrite and late-stage fractures within the felsic unit.
   
• CC20-03 intersected the gold bearing zone 155 metres west along strike of the shaft from 26.8 to 59.83 metres (32.98m width) and exhibits strong chlorite, fuchsite, and ankerite alteration along with >2% arsenopyrite mineralization.

The company is currently preparing an additional 6 drill pads along strike of the mineralized zone to further test the extents of mineralization. A total of 344 samples have been collected for gold assay from the drill core and submitted to Activation Laboratories in Thunder Bay, ON.

Gold mineralization can be traced across the Central Canada structure with more recent drilling by Interquest Resources Corp. (1985) intersecting over 1 metre @ approximately 30 g/t gold in diamond drill core and 23.3 metres @ 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.

Tags: Northern Ontario / Exploration / Gold / All Articles