Date: Sep 19, 2018
Coomer Lake property increased from 144 to 800 hectares; Property encompasses a continuous strike length of 7 kilometres of favorable stratigraphy; Historical diamond drilling high-grade intercept of 4.90 meters of 0.75% V2O5, 7.56% TiO2;
Vancouver, British Columbia–(Newsfile Corp. – September 18, 2018) – FALCON GOLD CORP. (FG) (“Falcon” or the “Company”) is pleased to report it has acquired through staking, a further 41 mining claim units that are contiguous with its Coomer Lake Vanadium–Titanium property in the James Bay Lowlands in the Porcupine Mining Division of northern Ontario. As announced on September 5th, 2018, Falcon has the right to earn a 100% interest in the Coomer Lake property that now comprises an area of approximately 800 hectares (“ha”).
Stephen Wilkinson, Falcon’s CEO stated: “The Vanadium-Titanium mineralization on Coomer Lake property may not be exposed at surface but is associated with a strong, arcuate magnetic anomaly. This geophysical signature has been mapped for several kilometers and our new ground covers what we consider to be the best part of a potentially high-value asset.”
The Coomer Lake V-Ti Property
The Property is located within numbered township BMA 524861 of the Porcupine Mining Division, District of Cochrane, 250 kilometres (“km”) north of the town of Nakina, Ontario, and approximately 40 km south of Noront Resources Ltd. mining leases at the Ring of Fire developments. Noront’s proposed north-south access corridor is 12 km east of the Property. The Property is accessible only by floatplane and boat. The Attawapiskat River is the main waterway and is less than 1,000 m east of the boundary of the Property.
