Falcon Gold Corp (TSXV:FG) (OTCQB:FGLDF); has increased its land position at the Gaspard Property in Central British Columbia from 3,955 hectares to 7,969 hectares.
The Property covers similar geology to the Spences Bridge Gold Belt (SBGB) that hosts Westhaven Gold Corp.’s Shovelnose gold project and the Blackdome Zone gold-silver deposit owned by Tempus Resources.
On, February 3rd ,2022, Falcon announced results from heavy mineral concentrates from three creek drainages grading 0.236 g/t Au, 1.097 g/t Au and 0.525 g/t Au. The stream sediment samples were collected over three km southeast of previous and historical anomalous stream samples taken in 1990 from four parallel drainage patterns.
The total apparent length of a gold anomaly that would potentially support an extensive drainage system at Gaspard is now five km in length.
“We now have evidence that 6 separate drainage systems exist over a five km strike length. The results from the heavy mineral concentrates combined with the four parallel drainage patterns further validate our thesis,” CEO, Karim Rayani, said.
“The geology and host rock shares many characteristics to Westhaven’s and Blackdome’s deposits. We now control over 7,969 hectares in one of the last key areas in the Spences Bridge Camp known for low-sulphidation high grade.”
The SBGB forms a northwest trending belt of Cretaceous-aged, volcaniclastic and sedimentary rocks 430km long and up to 24km wide extending in central BC.
The relatively underexplored volcanic rocks are highly prospective for low-sulphidation epithermal gold mineralisation.
Recent drilling on the Shovelnose Gold Project by Westhaven Gold Corp. reported 614 g/t Au and 2,070 g/t Ag over 0.45m within 41.55m of 8.17 g/t Au and 34.64 g/t Ag.
The Blackdome Zone located 26km to the south was a former mine having produced 225,000 of gold at an average grade of 20 g/t Au.
Current 43-101 compliant resources completed by SRK in 2010 report 144,500 tonnes Indicated grading 11.29 g/t gold and 50.01 g/t silver, and 90,600 tonnes Inferred grading 8.79 g/t gold and 18.61 g/t silver, Tempus Resources.
For further information please visit: https://falcongold.ca/
