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Last C$0.04 CAD
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As of 3:15 PM 08/21/15 All times are local (Market data is delayed by at least 15 minutes).

falcon gold corp (FG) Snapshot

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09/17/14 - C$0.25
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falcon gold corp (FG) Details

Falcon Gold Corp., an exploration stage company, is engaged in the acquisition, exploration, and dealing in mineral properties in North America. The company’s principal property includes the Washington Silver property that coves an area of 880 acres and is located in the Wauconda and Eureka Mining districts of Ferry and Okanogan counties, north central Washington state. It also holds interests in the Burton gold property, which consists of 6 patented claims and 16 unpatented claims covering approximately 350 hectares and is located in Esther Township, Porcupine Mining District, Ontario, Canada; and the Fenton property that covers an area of 512 hectares and is located in Fenton Township, northern Ontario, Canada. The company was formerly known as Chesstown Capital Inc. and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is based in Vancouver, Canada.

falcon gold corp (FG) Top Compensated Officers

Interim President, Chief Geologist, Director ...
Total Annual Compensation: C$25.0K
Chief Financial Officer, Director and Member ...
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2014.

falcon gold corp (FG) Key Developments

Falcon Gold Corp. Provides Update on its 2014 Activities

Falcon Gold Corp. provided an update on its recent work programs and the outlook for the work proposed to advance its two key projects in Nevada and Washington. The New York Canyon Copper Property, Nevada: On August 20, 2014, Falcon closed an option/joint venture agreement pursuant to which the Company has the right to earn up to an 80% interest in the New York Canyon property. Subsequent to the closing, the primary focus has been on collecting and compiling the disparate sources of data relating to the NYC Property including a large amount of historical exploration data generated by several previous operators since copper was initially discovered in 1875. The objective of Falcon's work has been two-fold: to verify the compliant and non-compliant historical mineral resource estimates; and, to design the next stages of exploration and development of the numerous targets that exist on the NYC Property. A database is being established to incorporate the locations of the majority of the historical drill holes, some of which date back approximately 50 years. A mineralization model will be developed utilizing this database in order to follow-up a porphyry-style target that could be up to 400 million tons (363 million tonnes) in size as reported in the 2010 NI 43-101 report prepared on behalf of Canyon Copper Corp. The model presently spans the historical drilling of several identified zones within the property including, the Copper Queen, the Ideal, the Champion and the historical Cu-oxide resources of the Longshot zone. This database has also identified areas where assay or geological data is incomplete or missing. The compilation of this information has enabled Falcon's technical team to develop and implement a new exploitation strategy for the project. Falcon's next steps will focus on completing the tasks required to upgrade and possibly expand the historical resources of the NYC Property to comply with NI43-101 standards. To this end, the company is implementing a plan to recover and catalog all of the existing sample material currently stored underground in one of the historical mining adits within the Champion (patented claim) zone. It appears that much of the sample material including drill core, drill cuttings and assay reject material and pulps are in good condition and may be instrumental in the completion of an updated mineralization model for the property. Falcon also intends to conduct an exploration program in the northern part of the Property which will include geological mapping, bedrock sampling, and soil sampling. The field work will initially focus on the gold and silver potential in the northern claims which are contiguous with the past producing Santa Fe gold mine property. The objective of this program will be to determine if gold mineralization similar to the Santa Fe gold mine extends onto the NYC property claims. The budget for the NYC work amounts to approximately $200,000 with approximately 75% allocated to the sampling and modeling of the copper zones and the balance spent on the northern claims gold target. The Washington Silver Bell Property: The company is nearing completion of the field portion of an Induced Polarization ("IP") survey on the Silver Bell Property in Republic, Washington. The IP survey was intended to test the on- strike extension of the silver and gold mineralization previously mined in the Silver Bell open pit. The results of the IP survey will be evaluated and upon completion will be integrated with previous exploration and drilling results and will form the basis of establishing high priority drill targets.

Falcon Gold Corp. Announces Management Appointments

Falcon Gold Corp. announced that at its AGM held on October 02, 2014, shareholders approved the appointment of David Tafel as chairman, Mr. Stephen Wilkinson as chief executive officer, Mr. James Lavigne as chief geologist and Mr. Kenneth Cawkell as secretary.

Falcon Gold Corp. Initiates Exploration in Nevada and Washington

Falcon Gold Corp. announced that it has finalized plans for exploration programs on the New York Canyon Copper property located in the Santa Fe Mining District, Mineral County, western Nevada and the Washington Silver property located in the historical Republic Mining District, northern Washington. On August 20, 2014, the company announced the acquisition of the New York Canyon property. During June 2014, the Company visited the property to confirm and evaluate the occurrence and distribution of Copper mineralization. The assay results of grab samples collected during the site visit include high values of 19.2% Copper and 10.9% Zinc. The Company plans to complete approximately 12 kilometers of Induced Polarization surveys on the Washington Silver property in Republic, Washington this fall. During the 2012 exploration program, the Company collected a number of anomalous to very well mineralized grab samples from outcrops on the property which include three samples that returned assay values of 559 grams per tonne Ag and 0.90 g/t Au; 458 g/t Ag and 0.39 g/t Au; and 232 g/t Ag and 0.50 g/t Au. These samples form a north-northeast linear trend which, including the Silver Bell Mine Pit, has a strike length of approximately 1.7 km. The IP survey is being designed to test this potentially mineralized trend. The results of the IP survey will be evaluated and integrated with previous exploration results which will form the basis of continued exploration activities.


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