Falcon Gold announces that Great Lakes Exploration Inc. has extended the due diligence period for up to 21 days to June 22, 2020 to formalize the definitive agreement. Falcon entered into a Memorandum of understanding dated April 23, 2020 to acquire the 2 large patented claim blocks from GLE. The transaction includes 476 hectares of patented mining claims including patented surface rights. The patented lands lie along [...]
Falcon Gold is pleased to announce it has applied for an exploration permit on its Bruce Lake Gold Project in the Red Lake Mining Camp. The permit will allow the company to perform overburden trenching, line cutting, and diamond drilling to follow-up on gold targets identified by past operators. The 1,400 hectare property is contained within the Birch-Uchi-Confederation Lakes greenstone belt which hosts the world-renowned [...]
Falcon Gold announces that it has fully subscribed its non brokered private placement announced May 12th 2020, then further increased on May 13th 2020. The company has received a total of $157,247.50 in subscriptions pending TSX Venture Exchange approval. The Company has also received an additional $167,250 from the exercise of common share purchase warrants since April 17th2020. In connection with the current offering [...]
Falcon Gold announces that it has applied to the TSX Venture Exchange to extend the term of 4,420,000 common share purchase warrants originally set to expire on May 18, 2020. The warrants were originally issued pursuant to a private placement dated April 6th2018. The exercise price will remain the same at $ 0.10 cents per common unit. The warrants will hold a forced acceleration in the event the common shares close at or [...]
Falcon Gold is pleased to announce that due to investor demand the company is increasing its previously announced non-brokered placement. Falcon now plans to raise up to $130,000 from the issuance of 1,733,333 units at a purchase price of $0.075 cents up from the $100,000 target. Each unit will consist of one common share and one transferable purchase warrant. Each warrant shall have a term of 24 months commencing on the [...]
Falcon Gold will proceed with a private placement financing for up to $100,000 priced at $ 0.075 cents per common unit. Each unit will consist of one common share and one transferable purchase warrant. Each warrant shall have a term of 24 months commencing on the closing date at a deemed price of $ 0.10 cents. Proceeds will be used for general working capital and further exploration activities on its Central Canada Gold [...]
Falcon Gold is pleased to announce it has completed 3 drill holes totalling 468 metres along the Central Canada Mineralized Zone, a continuation of the initial mineralized zone defined by Terra-X in 2012. The 3 holes successfully intersected a highly altered felsic intrusive rock unit with significant pyrite, arsenopyrite, lead telluride, and visible gold mineralization. A summary of Falcon's examination is included [...]
Falcon Gold is pleased to announce it has entered into a MOU to acquire 2 large patented claim blocks from Great Lakes Exploration Inc. The transaction includes 476 hectares of patented mining claims including patented surface rights. The patented lands lie along strike of Falcon's Central Canada Project. The claims cover 8,400 meters of strike length of mineralized magnetite-sulphide lenses varying from less than 10 to [...]
Falcon Gold Corp. is pleased to announce completion of drill hole CC-20-01 at the Central Canada Project. The hole was drilled to a depth of 201 metres and targeted the Central Canada Mineralized Zone along strike from the historical Central Canada Mine. The hole is the first of a series of planned holes in a 1,000 meter program. Hole CC-20-01 has successfully intersected three sulphide-telluride mineralized zones to a [...]
Falcon Gold Corp. is pleased to announce the acquisition of the Spitfire and Sunny Boy claims in south central British Columbia. The claims are located approximately 16 kilometers east of Merritt and total 502 hectares. The properties are close to excellent infrastructure and access is gained via paved highway and ranch and logging roads. The Merritt district has a lengthy history of mineral exploration and development [...]
Falcon Gold Corp. is pleased to announce that the drilling has commenced on its Central Canada Gold Project. The program is designed to target a significant induced polarization anomaly interpreted by Terra-X Minerals Ltd. 2010 ground geophysics survey which extends 200-meters along strike of the Central Canada mineralized zone which has sampled up to 44 g/t Au over 2 m. Gold mineralization can be traced across the [...]
Falcon Gold Corp.'s board of directors, in compliance with the company's stock option plan, has granted 1.5 million incentive stock options exercisable for up to 2 years at a price of $ 0.05 cents a unit to certain directors, officers and consultants of the company. About Falcon Gold Corp. Falcon is a Canadian, mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Its [...]