FG Falcon Gold Corp

Falcon Gold Corp. ("Falcon Gold" or "the Company") (TSX VENTURE:FG) is pleased
to announce that shareholders holding over 57% of the Company's common shares
have consented to the Company's Mining Option Agreement ("the Agreement") with
Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR) ("Trelawney") on its
Burton Gold Property located in the Abitibi Greenstone/Swayze Extension Gold
Belt in Northeastern Ontario as originally announced on February 23, 2012.


Under the terms of the Agreement, Trelawney can earn up to a 75% interest in the
Burton Gold Property through the successful execution of the following two
stages:




1.  Trelawney may earn a 51% interest in the Burton Gold Property by paying
    $150,000 in cash to Falcon Gold and completing $600,000 in exploration
    expenditures on or before February 16, 2013 (Phase 1 of the Option
    Agreement), and 
2.  Trelawney may earn an additional 24% interest by incurring an additional
    $600,000 in exploration expenditures on the property on or before
    February 16, 2014 (Phase 2 of the Option Agreement).



Under the terms of the Agreement, Falcon Gold will act as operator for the Phase
1 of the Option Agreement and upon the completion of Phase 1, Falcon Gold and
Trelawney may form a Joint Venture on the Burton Gold Property. Should Trelawney
not complete Phase 2, they will retain their 51% interest in the Burton Gold
Property and the Joint Venture Agreement will remain in place. Falcon Gold is
currently preparing an exploration plan for Phase 1 of the option agreement for
Trelawney's approval and plans to start work on the Burton Gold Property once we
receive approval of the plan.


Falcon Gold would also like to announce that it has completed two diamond drill
holes totaling 325 metres on its Fenton Township Property and assays from that
project will be released when received.


About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on
generating, acquiring, and exploring a quality pipeline of mining opportunities
in the Americas. The Burton Gold Property is located in the Abitibi
Greenstone/Swayze Extension Gold Belt which hosts the world-class mining centres
of Kirkland Lake, Timmins, and Val d'Or and is situated approximately 8 km west
of Trelawney Mining's Jerome Mine deposit and 38 km west of Trelawney Mining's
Cote Lake deposit. The Fenton Township Property is located in the Saganash
Greenstone Belt approximately 100 kilometres northwest of Timmins.


Qualified Person

Jamie Lavigne, P.Geo, Vice President of Exploration and Director of Falcon Gold
supervised the diamond drilling exploration programs at the Burton and Fenton
Properties, is responsible for the verification and quality assurance of the
Burton and Fenton properties exploration data, and has reviewed and verified the
technical contents of this news release.


On Behalf of the Board of Directors

FALCON GOLD CORP.

Edward Stringer President, CEO and Director

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, native issues, etc.
Forward looking statements address future events and conditions and therefor,
involve inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements.

Falcon Gold (TSXV:FG)
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から 5 2024 まで 6 2024

Falcon Gold (TSXV:FG)
過去 株価チャート
から 6 2023 まで 6 2024