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Falcon Gold TSXV-FG Assays 19.2% Cu & 10.9% Zinc from Grab Samples, Begins Exploration Program
Falcon Optioned up to 80% of the New York Canyon Copper Property which has a historical resource of 139 Million Pounds of Copper
By: Falcon Gold Corp.
The New York Canyon Copper Property
On August 20, 2014, the Company announced the acquisition of the New York Canyon property. During June 2014, the Company visited the property to confirm and evaluate the occurrence and distribution of Copper mineralization. The assay results of grab samples collected during the site visit include high values of 19.2% Copper (“Cu”) and 10.9% Zinc (“Zn”) and are summarized in the table below.
Sample ID Cu % Pb ppm Zn ppm Au ppb Ag ppm
FG-NYC-01 2.65 6 280 39 11.3
FG-NYC-02 0.45 6 139 16 3.5
FG-NYC-03 0.34 5 113 25 2.6
FG-NYC-04 0.05 14 64 12 0.4
FG-NYC-05 0.06 65 60 15 0.9
FG-NYC-06 2.37 4 10,900 19 5.9
FG-NYC-07 5.78 5 844 5 2.4
FG-NYC-08 19.20 14 3,440 9 1.5
FG-NYC-09 0.13 18 64 14 0.7
FG-NYC-10 0.15 7 119 62 1.4
FG-NYC-11 0.20 8 122 39 3.3
The Company has initiated the compilation, evaluation, and interpretation of historical exploration data generated on the New York Canyon property including verification of the historical mineral resource estimate. It is anticipated that this work will continue through the fall and winter. The Company will also be initiating a ground exploration program which will include geological mapping, bedrock sampling, and soil sampling. The field work will initially focus on the gold and silver potential in the northern claims which are contiguous with the past producing Santa Fe gold mine property. The Santa Fe mine is reported to have produced in excess of 350,000 ounces Au and 700,000 ounces Ag prior to closure in 1994 (Victoria Gold Corp.: www.vitgoldcorp.com )
The Washington Silver Property
The Company plans to complete approximately 12 kilometers (“km”) of Induced Polarization (“IP”) surveys on the Washington Silver property in Republic, Washington this fall. During the 2012 exploration program, the Company collected a number of anomalous to very well mineralized grab samples from outcrops on the property which include three samples that returned assay values of 559 grams per tonne (“g/t”) Ag and 0.90 g/t Au; 458 g/t Ag and 0.39 g/t Au; and 232 g/t Ag and 0.50 g/t Au. These samples form a north-northeast linear trend which, including the Silver Bell Mine Pit, has a strike length of approximately 1.7 km. The IP survey is being designed to test this potentially mineralized trend. The results of the IP survey will be evaluated and integrated with previous exploration results which will form the basis of continued exploration activities.
Qualified Person and NI 43-101 Disclosure
Jamie Lavigne, P.Geo is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved this news release and is responsible for the technical information reported herein. Analyses of samples from the New York Canyon Copper property were completed at American Assay Laboratories located in Reno, Nevada and analyses of samples from the Washington Silver property were completed at ALS Minerals located in Vancouver, BC. Both laboratories are certified and accredited. All analytical results reported herein are from grab samples. While the Company considers the results of the grab samples to be significant and indicative of mineralization potential, they may not be representative of the grade and tonnage of mineralization on the respective properties.
On Behalf of the Board of Directors
FALCON GOLD CORP.
For Further Information:
Investor Relations Consultant
IR PRO COMMUNICATIONS INC.
1-866-503-3377 toll free
This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.