Falcon Gold Corp. (TSXV: FG | 3FA: GR | OTCQB: FGLDF) has awarded a drilling contract to CentreLine Drilling of Newfoundland to conduct a diamond drilling programme at its 100% owned Great Burnt Copper Project in Central Newfoundland. The company initially plans to test up to 10 geophysical anomalies with a maximum of 1100m of drilling. Falcon will provide further guidance on an estimated drill start date once logistics for the programme are determined and remaining service providers are confirmed.
Karim Rayani, CEO, commented; “We are very excited to move forward on our first phase of exploration drilling at our Great Burnt Copper Project. The Great Burnt camp is quickly becoming recognized for its high-grade copper tenor demonstrated by Benton Resources Inc.’s recent successful drilling.
Falcon holds 2,275ha in the Great Burnt camp, with licences located north of, and contiguous to, Benton Resources Inc. – Spruce Ridge Resources Ltd. Great Burnt Copper-Gold joint venture. Benton Resources Inc. recently optioned the Great Burnt Copper-Gold Project from Spruce Ridge Resources Ltd. in an agreement that allows Benton to earn a 70% interest in the property. The Benton-Spruce Ridge property is host to the Great Burnt Copper Zone, a deposit with an indicated resource of 381,300t at 2.68% Cu and inferred resources of 663,100t at 2.10% Cu. Recent drilling by Benton at the Great Burnt Copper Deposit reported drill results that returned 7.20% Cu, 7.12 g/t Ag, and 0.05% Co over 12.30m. Previous drilling in 2020 by Spruce Ridge reported 8.06% Cu over 27.2m.
The Great Burnt Greenstone Belt is prospective for copper and gold, and further hosts the South Pond A and South Pond B copper-gold zones, and the End Zone copper prospect along a 14km mineralized corridor. The mineralized corridor occurs along a conductive trend, and this conductive trend continues into Falcon’s Great Burnt Copper Property. The presence of mineral occurrences within ground adjacent to Falcon’s Great Burnt Copper Property cannot be used as an indication of mineralization within Falcon’s property itself.
“Benton’s success at Great Burnt and recent press releases from FireFly Metals Ltd that disclose plans to advance the high-grade Green Bay Copper-Gold project in the Rambler camp have put the copper potential of VMS Deposits in Newfoundland front and centre. The Green Bay Copper-Gold project hosts a mineral inventory that includes aggregate measured, indicated, and inferred resources of 39.2Mt @1.83% Cu. We believe that Benton’s recent success at Great Burnt is a testament to the untapped VMS potential of the Great Burnt area, and we are thrilled to hold an extensive strike extent of this unexplored, never-drilled horizon.” Added Karim.
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