Gold remains as strong as it’s ever been, no surprise, given the uncertain state of the world.
Vancouver-based Falcon Gold Corp. (TSX-Venture:FG) has completed two more holes totaling 221 metres along strike of the historical Central Canada Gold Mine. In all, five holes have been drilled in this current program and with the intersection of mineralized and potentially gold-bearing zones another two drill holes are being planned. Each of the initial five holes successfully intersected the historical mine trend to a depth of 75 metres below surface.
Commenting on the progress to date of the exploration program, CEO Karim Rayani said "Our geological team has performed exceptionally well, interpreting the past work on our Central Canada property. We seem to have found and are defining both high-grade gold veins within or associated with broader halo mineralization that is also gold-bearing.
“Furthermore and very importantly, our recently discovered reports on the old mine indicate the possible presence of high-grade gold resources that had been earmarked for production about 90 years ago."
Shares in FG caught the buzz, too, jumping half a cent, or 6.3%, to 8.5 cents, on volume of 100,000 shares.
