#Canada #Newfoundland #Falcon Gold #Newfoundland Gold #Crippleback Lake

Falcon Gold Makes Strategic Acquisition in Newfoundland's Gold Belt

Falcon Gold Corp. (TSXV: FG) has recently made a significant move in the mining sector by staking and acquiring 689 mineral claims that encompass a total of 17,225 hectares in Central Newfoundland. This strategic acquisition positions Falcon at a prime location, bridging the established gold trends of Crippleback Lake to the west and Stony Lake Caldera to the east.

The Victoria Lake Shear Zone, where these claims are located, is known for its high-grade gold mineralization. This geological feature provides a ripe opportunity for exploration and exploitation due to the promising indications of valuable resources within the ground. Company CEO Karim Rayani expressed confidence in this acquisition, emphasizing that Falcon now controls a pivotal structural corridor that connects two active gold trends.

Strategic Importance of the Acquisition

Falcon's recent step is not merely just land acquisition; it represents a strategic leap into an underexplored section of the Central Newfoundland gold belt. With the Crippleback Lake Trend operated by Sokoman Minerals on one side and the Benton Resources Stony Lake Caldera on the other, Falcon's land effectively fills the gap in this region, allowing for a commanding exploration agenda across a key structural corridor.

Key Highlights of the Acquisition:

• - Sizeable Claim Acquisition: Falcon now holds 17,225 hectares, marking a significant control over a prospective geological corridor.
• - Proximity to Active Trends: The corridor lies along the Valentine Lake Fault system, an area known for gold deposits and home to the Valentine Gold Mine operated by Equinox Gold.
• - Identified Targets: Preliminary structural analysis and geophysical studies have unveiled multiple high-priority targets, indicating strong potential for discovery.

Immediate Work Program Initiatives

With the acquisition complete, Falcon is keen to initiate a high-velocity exploration campaign to unlock the area's potential. Exciting plans include:
1. Magnetic Reinterpretation and 3D Structural Modeling: Advanced technologies will be employed to gain a better understanding of geological structures beneath the surface.
2. Extensive Geochemical Sampling: Sampling strategies will be carried out systematically to analyze the mineral content in various locations across the new claims.
3. IP-Resistivity Surveying: This technique will help in identifying conductivity variations to further decide where to focus drilling efforts.
4. Trenching and Scout Drilling: Following the survey phases, shallow trenching and initial drill tests will provide concrete evidence of mineralization in the targeted areas.

CEO Rayani emphasized the company's swift move to advance exploration across the corridor, highlighting the immediate work program's goal of generating targets that could lead to significant discoveries.

Project Leadership

To ensure effective execution of this ambitious project, Falcon has appointed Mike Kilbourne, a seasoned geoscientist with over 40 years of experience, as the Project Manager. His profound expertise and track record of overseeing significant drilling campaigns bode well for Falcon's future endeavors in this region.

Looking Ahead

Falcon Gold's expanded land position has the potential to create a robust platform for systematic exploration in one of the most underexplored areas within Newfoundland. As Falcon mobilizes their resources and senior leadership into this promising project, all eyes in the mining community will be on the developments that unfold in the coming months.

Through this strategic acquisition, Falcon Gold is poised to make significant strides in the Canadian gold exploration scene, enhancing its reputation and potential for valuable discoveries in the rich mineral landscapes of Central Newfoundland.