Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) has reported the acquisition of 413 claims covering 22,302ha of strategic ground through an option agreement and staking contiguous and proximal to Go Metals Corp (CSE: GOCO), HSP Nickel Copper PGE Project 130km north of Havre St. Pierre, Quebec.
Karim Rayani, Falcon’s Chief Executive Officer, commented: “Falcon continues to build shareholder value thinking outside the box. Over the last six 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 staking covers approximately 135km 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”. 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 2.2km from prominent airborne TDEM anomalies identified by Go Metals and host to the nickel-copper mineralization.
Additional staking by the company includes an additional four 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.
“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 like Go Metals strategy in outlining targets of high merit.” Karim added.
Potential also exits for magmatic iron-titanium in the HSP. Rio Tinto has staked a magnetic low south of the Havre St Pierre Anorthositic Complex. The Lac Tio Mine located 100km south of Falcon’s HSP Property owned by Rio Tinto produces titanium dioxide.
To read more, please visit www.falcongold.ca
