Falcon Gold to resume exploration north of Atikokan
Falcon Gold is renewing interest in its exploration project near Atikokan.
The company is seeking a new permit to conduct drilling at its Central Canada Gold project.
It last worked in the area three years ago.
Falcon Gold states that the permit will enable it to drill up to 20 holes, focusing on expanding known gold zones and testing new areas identified during its 2021 exploration work.
“The submission of our Exploration Permit represents the next step in unlocking the scale potential of the Central Canada Gold Project,” states Karim Rayani, President and Chief Executive Officer of Falcon Gold, in a release.
“Our prior drilling confirmed multiple high-grade intercepts and continuity along a 1.6-kilometre corridor within a proven gold-bearing structure. We believe we’re only beginning to understand the size of this system, and with our Phase III program, we aim to connect the historic mine zones with newly defined gold mineralization along strike.”
The Central Canada Project is located 20 kilometres southeast of the gold-rich Hammond Reef deposit, which Agnico Eagle Mines recently announced it was again reviewing.
Falcon Gold has retained Bjorkman Prospecting of Atikokan to lead the permitting process and drilling operations.
The company is also ending its interest in a Chile project, saying it will redirect the resources towards its Canadian assets.