Falcon Gold Announces Termination of CentreLine Drilling Contract, Engagement of New Drilling Contractor for its Great Burnt Copper-Gold Project in Central Newfoundland
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 (TSX-V:FG, OTCQB:FGLDF) ha terminato il contratto di perforazione con CentreLine Drilling per il Great Burnt Copper-Gold Project nel centro di Terranova a causa di ritardi significativi. L'azienda ha ingaggiato un nuovo appaltatore di perforazione, i cui dettagli saranno annunciati in seguito, sottolineando la necessità di migliori capacità operative e tecniche. Il CEO Karim Rayani ha enfatizzato che il cambiamento era necessario per mantenere l'efficienza del progetto. Tutte le operazioni sono state temporaneamente sospese e riprenderanno dopo la pausa natalizia.
Falcon Gold (TSX-V:FG, OTCQB:FGLDF) ha terminado su contrato de perforación con CentreLine Drilling para el Great Burnt Copper-Gold Project en el centro de Terranova debido a retrasos significativos. La empresa ha contratado a un nuevo contratista de perforación, cuyos detalles se anunciarán más adelante, citando la necesidad de mejores capacidades operativas y técnicas. El CEO Karim Rayani enfatizó que el cambio era necesario para mantener la eficiencia del proyecto. Todas las operaciones han sido temporalmente pausadas y se reanudarán después del receso navideño.
팔콘 골드 (TSX-V:FG, OTCQB:FGLDF)는 심각한 지연으로 인해 중앙 뉴펀들랜드의 그레이트 번트 구리-금 프로젝트에 대한 센터라인 드릴링과의 드릴링 계약을 종료했습니다. 이 회사는 운영 및 기술 역량을 향상시키기 위해 나중에 발표될 새로운 드릴링 계약자를 참여시켰습니다. CEO 카림 라이아니는 프로젝트 효율성을 유지하기 위해 변화가 필요하다고 강조했습니다. 모든 작업은 일시 중지되었으며 크리스마스 휴식 후에 재개될 예정입니다.
Falcon Gold (TSX-V:FG, OTCQB:FGLDF) a résilié son contrat de forage avec CentreLine Drilling pour le Great Burnt Copper-Gold Project dans le centre de Terre-Neuve à cause de retards significatifs. L'entreprise a engagé un nouveau contractant de forage, dont les détails seront annoncés ultérieurement, soulignant la nécessité de meilleures capacités opérationnelles et techniques. Le PDG Karim Rayani a souligné que ce changement était nécessaire pour maintenir l'efficacité du projet. Toutes les opérations ont été temporairement suspendues et reprendront après les vacances de Noël.
Falcon Gold (TSX-V:FG, OTCQB:FGLDF) hat seinen Bohrvertrag mit CentreLine Drilling für das Great Burnt Copper-Gold Project in Zentral-Neufundland aufgrund erheblicher Verzögerungen beendet. Das Unternehmen hat einen neuen Bohrauftragnehmer engagiert, dessen Einzelheiten später bekannt gegeben werden, und dies aufgrund des Bedarfs an besseren Betriebs- und technischen Fähigkeiten. CEO Karim Rayani betonte, dass der Wechsel notwendig war, um die Effizienz des Projekts aufrechtzuerhalten. Alle Operationen wurden vorübergehend pausiert und werden nach der Weihnachtszeit wieder aufgenommen.
- New drilling contractor with better technical capabilities and reliability engaged
- Significant delays in drilling operations with previous contractor
- Operations temporarily paused until after Christmas break
- Project timeline disruption due to contractor change
VANCOUVER, BC / ACCESSWIRE / December 13, 2024 / Falcon Gold Corp. (TSX-V:FG)(GR:3FA)(OTCQB:FGLDF);("Falcon" or the"Company") announces the termination of its drilling contract with "CentreLine" Drilling for its Great Burnt Copper-Gold Project in Central Newfoundland. The company has engaged a new drilling contractor better equipped to meet the operational and technical requirements of the project.
Due to significant delays the company had no choice but to terminate its contract with CentreLine. This decision comes as part of Falcon Gold's commitment to ensuring efficient and timely exploration activities while maintaining high standards of operations.
Karim Rayani Chief Executive Officer states; "The delays and challenges we experienced necessitated a change. Our newly selected drilling contractor brings the expertise and reliability required to meet the project's demands and keep us on track with our exploration goals."
The new drilling contractor, whose details will be disclosed in a subsequent update, is recognized for their extensive experience in mineral exploration and ability to adapt to complex geological conditions. Falcon Gold anticipates an efficient handover and minimal disruption to project timelines as drilling activities resume under the new partnership.
The Company has paused all operations and plans to resume after the Christmas break, we look forward to updating shareholders once operations have resumed.
About Falcon Gold Corp.
Falcon Gold Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and advancing quality projects in the Americas. The company's portfolio includes properties with significant potential for gold, silver, and base metals. Falcon Gold's mission is to create long-term value for shareholders through responsible exploration and development.
For more information, please visit www.falcongold.ca or contact:
CONTACT INFORMATION:
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: info@falcongold.ca
CHF Capital Markets
Cathy Hume
Telephone: (416) 868-1079 x 251
Email: cathy@chfir.com
Website: www.falcongold.ca
Twitter: @FalconGoldCorp
Facebook: @FalconGoldCorp
LinkedIn: @FalconGoldCorp
Instagram: @FalconGoldCorp
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Language and Forward-Looking Statements
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Falcon Gold Corp.
View the original press release on accesswire.com
FAQ
Why did Falcon Gold (FGLDF) terminate its contract with CentreLine Drilling?
When will Falcon Gold (FGLDF) resume drilling operations at Great Burnt Project?
Who is the new drilling contractor for Falcon Gold's (FGLDF) Great Burnt Project?
How will the drilling contractor change affect FGLDF's project timeline?
