Date: Sep 7, 2018
Falcon Gold is acquiring an exploration property near the Ring of Fire to scope out the area for vanadium and titanium.
The Vancouver company signed a letter of agreement with an undisclosed vendor for the right to acquire a remote 144-hectare Coomer Lake property, south of the deposits in the James Bay region.
The property is within 40 kilometres of Noront Resource’s chromite and nickel deposits, and 12 kilometres west of where a proposed north-south access road would go. It’s accessible only by plane or boat. The Attawapiskat River is less than 1,000 metres from the property line.
“The Coomer Lake property represents an excellent opportunity for Falcon to add a potentially high-value asset to its growing international project portfolio,” said Falcon CEO Stephen Wilkinson in a Sept. 5 news release.
