Falcon Gold Acquires Strategic Nickel Copper Claim Group Contiguous To Go Metal’s HSP Property

VANCOUVER, BC / ACCESSWIRE / October 5, 2022 / Falcon Gold Corp. (FG:TSX-V)(3FA:GR)(FGLDF:OTCQB); ("Falcon" or the "Company")., is pleased to report the acquisition of 413 claims covering 22,302 hectares of strategic ground through an option agreement and staking contiguous and proximal to Go Metals Corp, HSP Nickel Copper PGE Project 130 km north of Havre St. Pierre, Quebec (Figure 1). The staking covers approximately 135 km of prospective contact of the Havre St. Pierre Anorthositic Complex (HSAP) where Go Metals Corp recently announced the discovery of "Wide Intervals of Nickel and Copper Sulphides". (Go Metals Press Release Dated September 13, 2022). The most westerly block of the Falcon Gold claims covers the southwest extension of the anorthositic complex, on a prospective fold nose structure and is located less than 2.2 km from prominent airborne TDEM anomalies identified by Go Metals and host to the Nickel-Copper mineralization (Figure 2).

Foto: Accesswire

Figure 1. Location of Falcon Gold's Havre St. Pierre acquisition.

Foto: Accesswire

Figure 2: Proximity of Falcon Gold Property to Go Metals Corp Mineralized Targets

Foto: Accesswire

Figure 3: Additional Staking by Falcon Gold on the Havre St Pierre Anorthositic Complex with overlay of total magnetic intensity.

Additional staking by the Company includes an additional 4 target areas along the regional geological contact between the Havre St Pierre Anorthosite and adjacent ferro-diorite/gneiss units. This regional contact has been recognized by Go Metals as an important target area where they continue to stake and acquire ground (see Go Metals press release dated September 26, 2022) (Figure 3).

Karim Rayani, Falcon's Chief Executive Officer, commented: "Falcon continues to build shareholder value thinking outside the box. Over the last 6 months we have expanded our property portfolio with a focus on battery metals in both Northern Quebec and Timmins Ontario. Our first acquisition was the Outarde Project in Quebec within the De La Blanche Mafic Plutonic Suite within a similar geological environment as the Havre St. Pierre intrusive complex. The recent success of Go Metals in the HSP demonstrates these intrusive complexes are excellent hosts for Ni-Cu mineralization. Our immediate exploration plans include airborne TDEM surveys similar to Go Metals strategy in outlining targets of high merit."