Falcon Gold Receives Final Assay Results from Phase I Drill Program at Burton Gold Property, Ontario
September 12 2011 - 10:11AM
Marketwired
Falcon Gold Corp. (TSX VENTURE: FG) is pleased to announce assay
results from the 3,000 metre, 21 hole drill campaign completed at
its Burton Property. The Burton Property consists of 6 patented
mining claims and 16 unpatented mining claims encompassing 22 claim
units (356 hectares) and is located in the Swayze Greenstone Belt,
Northeastern Ontario, approximately 150 kilometres (km) south of
Timmins and 180 km north of Sudbury.
The diamond drill program at the Burton Property, completed
during the spring and summer, was planned to test: 1) Targets
associated with historically know gold mineralization, 2) Targets
derived from an Induced Polarization ("IP") survey completed by
Falcon Gold, and 3) Geological targets resulting from the
compilation of historical geological and exploration data.
Historical diamond drill intercepts at the Burton Property include
9.34 grams per ton ("g/t") over an intersection length of 7.75
metres ("m") at the Shaft Zone and 9.53 g/t over an intersection
length at the East Zone. On July 27, 2011, Falcon Gold announced
the results of the first 13 holes completed in the Burton property
drill campaign that included the intersection 3.74 g/t over an
intersection length of 9.96 m (including 10.98 g/t gold over 2.17
m) at the Shaft Zone. The results of the last 8 holes completed are
summarized in the table below.
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Hole ID From (m) To (m) Length (m) Au (g/t) Target
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FG-11-017 132.29 132.61 0.32 2.58 IP/Geology
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FG-11-018 no significant assays IP
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FG-11-019 no significant assays IP
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FG-11-020 no significant assays Shaft Zone
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FG-11-021 5.00 7.50 2.50 4.78 Shaft Zone
----------------------------------------------------------------------------
FG-11-022 4.70 6.60 1.90 10.30 Shaft Zone
----------------------------------------------------------------------------
FG-11-022 13.5 14.85 1.35 2.82 Shaft Zone
----------------------------------------------------------------------------
FG-11-023 33.70 34.70 1.00 2.20 Shaft Zone
----------------------------------------------------------------------------
FG-11-024 3.85 14.20 10.35 3.25 Shaft Zone
----------------------------------------------------------------------------
includes 11.35 14.20 2.85 5.65 Shaft Zone
----------------------------------------------------------------------------
Note: Length equals intersection length and true widths of mineralization
are not known g/t equals grams per tonne
The Burton Property is located in the Swayze Greenstone Belt of
Northeastern Ontario which is the target of a number of active
exploration programs. The Burton property is located approximately
38 km northwest of the Cote Lake Deposit of Trelawney Mining and
Exploration Inc. which has an inferred resource of 4.22 M oz Au
(131 M tonnes @ 1.00 g/t)(1) and is approximately 8 km northwest of
the past producing Jerome Gold Mine which produced 56,878 ounces
gold from 1941 to 1943 (303,966 tonnes @ 6.72 g/t)(2) and has an
inferred resource of 1.03 M oz Au (18.7 million tonnes averaging
1.7 g/t)(3).
In addition to the significant assays tabulated, the drilling at
the Burton Property has intersected sheared and altered volcanic
rocks with locally anomalous gold values that include an intercept
of 0.24 g/t gold over an intersection length of 1.95 metres located
at a vertical depth of approximately 200 metres and approximately
150 metres below the tested vertical limit of the Shaft Zone.
Ed Stringer, Falcon Gold's President and CEO comments, "We are
very pleased with the significant results from our first phase
diamond drilling program on the Burton Gold Property. The results
of this drilling, in conjunction with the compilation of historical
data on the Burton Gold Property, will form the basis for further
evaluation of the Shaft Zone and targeting potentially gold bearing
structures elsewhere on the property".
Sampling and QA/QC
Diamond drill core is logged by qualified geological staff on
site at the Burton Property. Upon completion of geological and
geotechnical logging, the core for sampling and assaying is
transported by Company personnel to the Falcon Gold offices in
Sudbury Ontario. The core is cut using a diamond saw. One half of
the sample is bagged with a sample identification tag. The
remaining half sample is returned to the core box with the
corresponding sample tag and is archived, in a secure facility, in
Sudbury. Samples are delivered by Company personnel to Agat
Laboratories in Sudbury.
Upon receipt at Agat Laboratories, the samples are dried,
weighed and are crushed to 90% passing 2 mm. A 250 gram riffle
split of the crushed sample is pulverized to 85% passing 75
microns. Au concentration is determined on all samples from a 30
gram split of the pulverized sample by Fire Assay with Atomic
Absorption finish. All samples with an Au concentration greater
than 5 grams per tonne are re-assayed using Fire Assay with a
Gravimetric finish.
Falcon Gold uses quality assurance and quality control ("QA/QC")
procedures that include the analyses and evaluation of Certified
Reference Materials and blank samples as well as the routine
analysis of duplicate samples.
Qualified Person
Jamie Lavigne, P.Geo, Vice President of Exploration, and
Director of Falcon Gold supervised the diamond drilling exploration
program at the Burton Property, is responsible for the verification
and quality assurance of the Burton property exploration data, and
has reviewed and verified the contents of this news release.
Sources of information referenced in this news release include:
1) Trelawney Mining and Exploration Inc. press release dated March
7, 2011, 2) Ministry of Northern Development and Mines, Ontario,
and 3) Augen Gold Corp. press release dated July 18, 2011.
About Falcon Gold Corp.
Falcon Gold Corp. is a Canadian mineral exploration company
focused on generating, acquiring, and exploring a quality pipeline
of mining opportunities in the Americas. The advanced-stage 100%
owned Burton Gold Property is located in the Abitibi
Greenstone/Swayze Extension Gold Belt which hosts the world-class
mining centres of Kirkland Lake, Timmins, and Val d'Or and is
situated approximately 8 km west of Augen Gold's Jerome Mine
deposit and 38 km west of Trelawney Mining's Cote Lake deposit.
On Behalf of the Board of Directors of FALCON GOLD CORP.
Edward Stringer President, CEO and Director
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, native issues, etc. Forward looking
statements address future events and conditions and therefor,
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.
Contacts: Falcon Gold Corp. Timea Carlsen Manager, Corporate
Communications 778-998-2473 (BIRD) timea.carlsen@falcongold.ca
www.falcongold.ca
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