{"id":1178774,"date":"2020-04-17T08:15:43","date_gmt":"2020-04-17T13:15:43","guid":{"rendered":"https:\/\/www.mining.com\/?p=1020641"},"modified":"2020-04-17T08:15:43","modified_gmt":"2020-04-17T13:15:43","slug":"falcon-acquires-two-gold-projects-in-british-columbia","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1178774","title":{"rendered":"Falcon acquires two gold projects in British Columbia"},"content":{"rendered":"<p>Vancouver-based Falcon Gold (TSXV: FG) acquired this week the Spitfire and Sunny Boy claims in south-central British Columbia, Canada.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>In a press release, the miner said the claims occupy 502 hectares and are located approximately 16 kilometres east of Merritt, in the Quesnellia terrane. The area is characterized by submarine volcanic and volcaniclastic rocks of the Nicola group to the south and the Takla group in the north.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>To earn 100% interest, Falcon has agreed to issue 2.5 million common shares and 2.5 Million warrants to the vendor. The company will also make a one-time cash payment of $ 25,000<\/p>\n<\/blockquote>\n<\/figure>\n<p>\u201cThe Merritt district has a lengthy history of mineral exploration and development that began in the late 1800s with first recorded discoveries being made on the Nicola Lake property in 1908, which location is presently covered by the northeast portion of the Sunny Boy claim block. A resurgent focus in the area makes it B.C.&#8217;s newest emerging gold belt,\u201d Falcon&#8217;s media statement reads. \u201cThe original exploration and discoveries were of gold, platinum (in tulameenite, a Pt-Cu-Fe metallic mineral) and copper. Numerous copper discoveries became major mines in the area, including Craigmont, Copper Mountain, Afton and Highland Valley.\u201d<\/p>\n<p>According to the company, its 2019 due-diligence work at Sunny Boy confirmed the presence of gold mineralization along the project\u2019s Master Vein over a 300-meter strike length with samples ranging from 0.33 to 2.74 oz\/t Au.\u00a0<\/p>\n<p>\u201cRecent data compilation of historic exploration work suggests that the best exploration targets on the property are high-grade gold vein deposits along flexures in structure in the northeastern portion of the project,\u201d the brief states. \u201cThe company is planning tightly spaced soil sampling, EM and IP geophysics, and structural mapping as the best approach for identifying new mineralized structures for both gold and base metals occurrences.\u201d<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Vancouver-based miner purchased the Spitfire and Sunny Boy claims near Merritt.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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