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FALCON GOLD CORP (FGLDF) is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities. The company's core project, the Great Burnt Copper Project in Central Newfoundland, is strategically located in a high potential area for copper and gold mineralization. Falcon aims to capitalize on the untapped VMS potential of the region, with plans to conduct extensive drilling and exploration to unlock the mineral wealth of the Great Burnt Greenstone Belt. The company's commitment to delivering value to shareholders is evident through its strategic acquisitions and exploration efforts in key jurisdictions known for significant mineral resources.
Falcon Gold (TSX-V:FG, OTCQB:FGLDF) has terminated its drilling contract with CentreLine Drilling for the Great Burnt Copper-Gold Project in Central Newfoundland due to significant delays. The company has engaged a new drilling contractor, whose details will be announced later, citing the need for better operational and technical capabilities. CEO Karim Rayani emphasized that the change was necessary to maintain project efficiency. All operations have been temporarily paused and will resume after the Christmas break.
Falcon Gold has completed the second tranche of its non-brokered private placement, raising $360,000 through the issuance of 9,000,000 flow-through units at $0.04 per unit. Each unit includes one flow-through share and half a warrant, with each whole warrant exercisable at $0.08 for two years. The proceeds will fund Canadian exploration expenses in Newfoundland, Ontario, and Quebec properties. The company paid $25,200 in finder's fees and issued 630,000 finder's warrants exercisable at $0.08 for two years.
Falcon Gold has closed the first tranche of its non-brokered private placement, raising $235,000 through the issuance of 5,000,000 flow-through units at $0.04 per unit and 1,000,000 non flow-through units at $0.035 per unit. The flow-through proceeds will fund Canadian exploration expenses in Newfoundland, while non flow-through funds will be used for working capital. The company paid $16,450 in finder's fees and issued 420,000 finder's warrants. Company insiders Karim Rayani and Brian Crawford subscribed for 1,142,858 NFT Units.
Falcon Gold Corp. (TSXV:FG, OTCQB:FGLDF) has commenced drilling at its Great Burnt Copper Project in Central Newfoundland. The company has completed 8km of additional road to the drill site. Falcon holds 2,275 hectares in the Great Burnt camp, adjacent to Benton Resources Inc. - Homeland Nickel's joint venture property. The area is known for its copper and gold potential, with Benton recently reporting drill results of 7.20% Cu, 7.12 g/t Ag, and 0.05% Co over 12.30 metres. Falcon plans to initially test ten geophysical anomalies and may extend the program pending government approvals. The Great Burnt Greenstone Belt hosts several copper-gold zones along a 14 km mineralized corridor, with a conductive trend extending into Falcon's property.
Falcon Gold Corp. (TSXV:FG, OTCQB:FGLDF) has mobilized drill crews and equipment to its Great Burnt Copper Project in Central Newfoundland. The company plans to test up to ten geophysical anomalies with an initial 1,100 meters of drilling. Falcon has completed 3 km of additional road to access the drill site and is applying for a secondary permit for an additional 2,000-3,000 meters of drilling.
The Great Burnt Copper Property covers 2,275 hectares in the Great Burnt camp, adjacent to the Benton Resources Inc. - Homeland Nickel joint venture. The area is known for high-grade copper deposits, with recent drilling by Benton reporting 7.20% Cu over 12.30 metres. Falcon's property is located along a conductive trend that continues from the neighboring joint venture's mineralized corridor.
Falcon Gold Corp. (TSXV:FG, OTCQB:FGLDF) reports on the status of its inaugural drill program at the 100%-owned Great Burnt Copper Project in Central Newfoundland. The company faced delays due to high water levels and had to apply for additional permits to build 8 km of road to access the drill site. Drilling is expected to commence soon, testing up to ten geophysical anomalies with a maximum of 1100 metres of drilling.
Falcon holds 2,275 hectares in the Great Burnt camp, adjacent to the Benton Resources Inc. - Homeland Nickel joint venture. The area is known for high-grade copper deposits, with the nearby Great Burnt Copper Zone reporting indicated resources of 381,300 tonnes at 2.68% Cu and inferred resources of 663,100 tonnes at 2.10% Cu. Recent drilling in the area has yielded impressive results, including 7.20% Cu over 12.30 metres.
Falcon Gold Corp. (TSXV:FG, GR:3FA, OTCQB:FGLDF) announced the commencement of a drilling program at its 100% owned Great Burnt Copper Project in Central Newfoundland. The company plans to drill up to ten geophysical anomalies across 1,100 meters. Falcon holds 2,275 hectares in the Great Burnt camp, adjacent to the Benton Resources-Spruce Ridge Resources joint venture, which recently reported significant drill results including 7.20% Cu, 7.12 g/t Ag, and 0.05% Co over 12.30 meters. The Great Burnt Greenstone Belt is rich in copper and gold potential. CEO Karim Rayani expressed optimism about exploring the untapped VMS potential of the area.
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