Falcon Gold Receives Assay Results Including 2,700 g/t Silver and 5.58 g/t Gold from Washington Silver Project
2012年8月23日 - 9:30PM
Marketwired Canada
Falcon Gold Corp. ("Falcon Gold" or "the Company") (TSX VENTURE:FG) is pleased
to announce that it has received assays from rock samples taken at its
Washington Silver Project including one sample that assayed 2,700 grams per
tonne (g/t) silver (Ag) and 5.58 g/t gold (Au).
The samples were taken and analyzed in conjunction with detailed geological
mapping completed in, and proximal to, the Silver Bell open pit which is located
on Falcon Gold's 100%-owned Washington Silver Property. A total of 43 grab
samples of various rock types mapped in the pit and pit area, representing
strongly mineralized veins and breccias to relatively unaltered volcanic rocks,
were analyzed for Ag and Au. Of the 43 samples taken, 20 samples returned Ag
assays greater than 100 g/t and had an average Ag grade of 651 g/t. Gold grades
of the same 20 samples average 1.25 g/t. A very strong correlation between Ag
and Au grades is noted in the assay data. The results of all samples taken are
contained in the table below.
The Silver Bell mapping and sampling is part a larger exploration program
currently being completed on the Washington Silver Property that includes
geological mapping across the 80 acre Silver Bell Mining Lease and adjacent
exploration claims (800 acres). The results of the Silver Bell pit work
completed to date form the basis for the planning and design of a 1,000 metre
diamond drill program.
The Washington Silver Project
The Washington Silver property encompasses approximately 880 acres and is
located in the Ferry and Okanogan Counties in north central Washington State,
approximately 14 kilometres (km) northwest of the town of Republic and 50 km
south of the Canada-USA border.
The district has been an active precious metal mining region for over 100 years.
A number of past producing silver and gold mines collectively represent an
Epithermal Ag-Au district which extends from Northern Washington into British
Columbia. Hecla Mining operated the Knob Hill Mine near Republic, which produced
an estimated 2.4 million ounces of gold before closing, and current projects in
the region include Midway Gold's Golden Eagle deposit (discovered by Hecla
Mining in 1988) and Kinross Gold Corporation's Buckhorn Gold deposit and K1/K2
deposit. Kinross' 1,800 tpd capacity Kettle River Mill is located approximately
8 km from the Washington Silver Property. Silver was first discovered in the
area of the Washington Silver Property in 1897 and the property has had a
sporadic production history including 1907, 1940, and 1980-1983. During the
period 1980-1983 production came from the Silver Bell Open Pit located on the
Silver Bell Mining Lease. The property contains a number of Au and Ag showings
consisting of veins, vein stocks works, and siliceous breccias consistent with
the district style of epithermal mineralization.
Qualified Person
Jamie Lavigne, P.Geo, Vice President Exploration and Director of Falcon Gold
completed and supervised the geological mapping and sampling on the Washington
Silver Property and has reviewed and approved the technical contents in this
press release.
Analytical and QA/QC
Assays were completed at ALS Minerals in Reno, Nevada. All samples received are
crushed to 70% of the sample less than 2mm diameter. A 1 kg split of the crushed
sample is pulverized to 85% less than 75 microns. Gold is analyzed by Fire Assay
on a 30 gram split of the pulverized sample with an AAS finish (ALS method
Au-AA23). Silver is analyzed by a multi-acid digestion followed by hydrochloric
acid leach and AAS analysis (ALS method Ag-AA61). Samples with Silver
concentrations greater than 5 g/t were re-analyzed using fire assay on a 30 gram
split followed by gravimetric finish (ALS method Ag-GRA21). QA and QC measures
implemented by Falcon Gold include the use of Certified Reference Materials,
sample blanks, and analyses at a check laboratory.
Washington Silver Project Rock Sample Results
----------------------------------------------------------------------------
WEI-21 Au Ag Ag
Rec'd Wt. Au-AA23 Ag-AA61 Ag-GRA21
SAMPLE NUMBER kg ppm ppm ppm
----------------------------------------------------------------------------
SBP-01 1.07 5.58 greater than 100 2700
SBP-02 2.11 1.655 greater than 100 988
SBP-03 2.09 0.014 6.8 9
SBP-04 2.21 0.103 87.5 75
SBP-05 1.91 0.252 greater than 100 205
SBP-06 1.36 1.22 greater than 100 573
SBP-07 2.95 1.145 greater than 100 697
SBP-08 2.07 0.029 16.1 17
SBP-09 1.56 0.023 16.9 15
SBP-11 3.07 0.291 greater than 100 136
SBP-12 2.68 less than 0.005 2.7
SBP-13 2.81 2.18 greater than 100 801
SBP-14 0.45 0.012 10.4 9
SBP-15 3.09 0.02 18.7 19
SBP-16 3.22 less than 0.005 2.8
SBP-17 2.91 0.131 55.8 82
SBP-18 2.68 0.005 3.8
SBP-19 3.42 less than 0.005 2.3
SBP-21 2.28 less than 0.005 0.5
SBP-22 2.54 0.008 5.3 7
SBP-23 3.91 0.01 2.9
SBP-24 2.39 0.007 5.2 7
SBP-25 2.51 0.245 greater than 100 143
SBP-26 2.34 0.007 4.1
SBP-27 3.08 less than 0.005 26.6 28
SBP-28 2.4 0.023 10.3 7
SBP-29 2.47 1.135 greater than 100 642
SBP-31 3.04 0.203 greater than 100 158
SBP-32 2.13 0.922 greater than 100 555
SBP-33 2.28 0.506 greater than 100 225
SBP-34 3.28 0.714 greater than 100 235
SBP-35 2.75 4.03 greater than 100 2110
SBP-36 2.21 0.604 greater than 100 200
SBP-37 2.25 0.046 greater than 100 129
SBP-38 0.94 0.008 3.9
SBP-39 2.35 0.178 96.2 92
SBP-41 2.81 1.035 greater than 100 680
SBP-42 1.55 1.685 greater than 100 940
SBP-43 0.94 0.026 7.9 7
SBP-44 0.52 0.31 greater than 100 173
SBP-45 1.05 1.34 greater than 100 729
SBP-46 1.75 0.13 60.4 59
SBP-47 1.67 0.022 30.5 20
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About Falcon Gold Corp.
Falcon Gold Corp. is a Canadian mineral exploration company focused on
generating, acquiring, and exploring quality mining opportunities in the
Americas.
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, 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.
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