Falcon Gold hires GeoXplore for exploration in Nfld.

Executive Summary

• Falcon Gold Corp. has consolidated a 17,225-hectare (689-claim) land package in central Newfoundland, positioning itself within the Valentine Lake fault system, a proven gold-bearing structural trend hosting the Equinox Gold-operated Valentine mine.
• The company has engaged GeoXplore Surveys Inc. to lead an aggressive Phase 1 exploration program designed to define targets and establish the area as a new gold camp.
• The new land package strategically bridges the Sokoman Minerals' Crippleback Lake trend and Benton Resources' Stony Lake Caldera corridor, offering discovery potential in a largely underexplored segment of a major crustal-scale deformation zone.

Key Details

• Land Package: 17,225 hectares (689 claims) in central Newfoundland.
• Strategic Location: Located along the Valentine Lake fault system, a 200+ kilometre strike length structural trend responsible for the Valentine gold mine (Equinox Gold: EQX), which holds 2.7 million ounces in reserves and 1.3 Moz measured and indicated resources.
• Geological Context: The corridor bridges two active exploration fronts: Sokoman Minerals' Crippleback Lake trend (west) and Benton Resources' Stony Lake Caldera corridor (east).
• Exploration Partner: GeoXplore Surveys Inc. (Bathurst, N.B.) engaged to lead Phase 1 exploration.
• Phase 1 Program Activities:
  • Regional scale till geochemistry.
  • Prospecting and detailed geological mapping.
  • High-resolution magnetic reinterpretation and 3-D structural modelling.
  • IP-resistivity surveying across priority targets.
  • Trenching across target areas.
• Qualified Person: Mike Kilbourne, PGeo, reviewed and approved the technical content.
• Company Context: Falcon Gold is a Canadian mineral exploration company with its flagship Central Canada gold mine project located near Agnico Eagle's Hammond Reef deposit.

Notable Quotes

• "This land package gives Falcon control over one of the most overlooked segments of the Valentine Lake structural trend. We are moving aggressively to define targets and establish this area as Newfoundland's newest emerging gold camp." — Karim Rayani, Chief Executive Officer