INT. Montoro Resources & Falcon Gold Corp. acquire additional land near Red Lake

International Montoro and Falcon Gold Corp. have significantly increased their land position in the Camping Lake Gold Property with the staking of an additional 57 mining claims. The new claims add approximately 1,200 hectares (“ha”) to the Camping Lake Project near the Red Lake gold camp in northwestern Ontario and increases the project size to 3,400 ha of contiguous mining units. The Property expansion incorporates a major magnetic anomaly which reportedly correlates to a mineralized fault zone identified during Montoro’s May 2020 sampling and geological mapping program which confirmed historical “gold in soils” anomalies. Similar magnetic anomalies in the region are currently being explored by BTU Metals Corp where drilling in the fall of 2019 uncovered a potential Cu-Ag-Au Volcanogenic Massive Sulphide – style system with a 44.1-meter intersection of precious-metal enriched chalcopyrite-pyrite mineralization.

Tags: Northern Ontario / Deals & Financial / Gold / All Articles