Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) has commenced a summer exploration at its Springpole West property in the Red Lake mining district within the underexplored Birch-Uchi Greenstone Belt.
The Birch-Uchi Greenstone Belt is a tectonically complex volcano-sedimentary belt in Northwestern Ontario. The property comprises 197 claims covering 217 units and sits northeast of McNaughton Township. The northeastern part of the property is less than 4km from the Springpole Gold deposit, one of the largest undeveloped gold projects in Ontario.
“Falcon is pleased to initiate our first boots-on-ground exploration programme at Springpole West. With First Mining improving the local infrastructure in partnership with local First Nations communities and the Ontario Government, the company identified the rising potential of the area,” commented Falcon CEO Karim Rayani.
“The project is perfectly situated on a major fault covering 13.5km of strike length. We look forward to reporting back once we have received the initial results from our prospecting and soil programme.”
The company has initiated a two-phase surface exploration programme that will include a GPS-controlled magnetometer surface survey, and a soil geochemistry programme. It’s original “first pass” reconnaissance programme is expected to wrap up in mid-July.
Historical work has identified significant gold and silver values on surface and at depth. In 1979, a diamond drill hole by Sherritt Gordon Mines Ltd. intersected 19.40g/t Au over 30cm within a deformation zone within a quartz vein-stockwork system.
In addition, massive sulphide pods along the fault zone have reportedly been historically exploited by former operators who have reported surface grab samples that returned up to 8.38% Zn, 16g/t Ag, and 0.05g/t Au. Historic drilling of geophysical anomalies along the fault zone have reportedly intersected 0.25% Cu, 2.68% Zn, and 0.05g/t Au over 1m (BP Resources, 1985).
The area is accessible by float plane, ATV trail, and winter road. The property is within 6km of an all-weather gravel road and hydro-electric transmission lines are close by.
For further information, please visit: www.falcongold.ca
