3FA: OFF
Update includes enabling progress, project expansions, portfolio optimization and strategic outlook for Falcon’s Canadian assets.
Falcon Gold Corp. (TSXV: FG,OTC:FGLDF) (FSE: 3FA) (OTC-Pinks: FGLDF) (“Falcon” or the “Company”) is pleased to provide a business update highlighting its progress, strategic portfolio developments and expansion opportunities in Central Canada, Central Newfoundland and British Columbia.
Allow updates and portfolio optimization
Falcon continues to operate with the discipline of a mid-tier and the agility of a junior. The company has adopted an aggressive licensing strategy across its portfolio to eliminate future bottlenecks and ensure all key assets are positioned for timely progress as market conditions improve.
Licensing is underway at Falcon’s Central Canada Gold Project (Ontario), are 17,000 hectares Central Newfoundland land package (Stoney Lake Claims), and the Sunny Boy-Spitfire project British Columbiawhere updated field permits now support Falcon’s inaugural drilling campaign.
At Stoney Lake, the land is directly tied to the recent acquisitions of Sokoman and Benton. This area is quickly becoming one The one from Newfoundland most exciting new exploration camp. Field crews are being mobilized and work is underway to define priority drilling targets.
Gold project in Central Canada – Ontario (Updated)
Falcon’s 100% owned Central Canada Gold Project is located approximately 20 km southeast of Agnico Eagle’s Hammond Reef Deposit in the Shebandowan Greenstone Belt.
Warning regarding adjacent properties:
Mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on Falcon property.
Project History of Central Canada
- 1901–1907: shaft built to 12 m depth; 27 oz of gold extracted from 18 tons of ore. (MNDM assessment file 41J06NE0019)
- 1930–1934: Central Canada Mines Ltd. installed a 75 ton per day gold mill; 1,829 m of drilling, vertical shaft up to 45 m and 42 m of cuts/drifts. Operations ceased due to the Great Depression.
- 1965: Anjamin Mines drilled several holes; main results:
- Hole S2: 2 ft @ 37 g/t Au
Hole S3: 7 ft @ 44 g/t Au
(Source: Ontario MNDM Assessment File 41J06NE0019; Ontario Mineral Deposit Inventory MDI52B14SW00034) - 1985: Interquest Resources drilled 13 diamond holes totaling 1,840 m; notable intercepts included 3.8 ft @ 30 g/t Au.
- 2010–2012: TerraX Minerals completed line cutting, geological survey and drilled 363 m. (Source: TerraX Minerals Assessment File 20000009230)
- 2020–2021 (Falcon): ~1,055 m of drilling completed, confirming visible gold and high-grade intercepts along strike and at depth. (Source: Falcon Gold Assessment File 20000020989; News reports July 2020, February 2021)
Exploratory objective (conceptual)
Based on verified drilling by Anjamin Mines, Interquest Resources, TerraX Minerals and Falcon’s 2020–2021 programs, Falcon has identified a conceptual target zone along the Central Canada Gold Project’s main shear structure.
- Potential tonnage: 500,000 – 1,200,000 tons
- Potential grade: 8 – 12 g/t Au
Warning:
The potential quantity and quality are conceptual in nature. Further exploration, including drilling, is required to confirm the size, tonnage and degree of mineralization. There is no assurance that future results will correspond to historical observations or provide a mineral resource.
Important: Falcon has not verified this estimate and is not treated as a current or historical resource compliant with NI 43-101. This figure is given solely as context for the property’s potential.
Expansion of Central Newfoundland
Falcon has expanded its footprint in a proven exploration belt by staking approximately 17,000 hectares of future land immediately north of its Great Burnt Copper-Gold Project, known as the Stoney Lake Claims. The claims secure a district level land position in a highly promising corridor within the Victoria Lake Shear Zone. The company is conducting groundwork to define priority drilling targets and has begun the permitting process to support exploration activities in 2026. Field crews are being mobilized.
British Columbia – Sunny Boy-Spitfire Project
Falcon has updated its permits to support the company’s first drilling campaign targeting high-grade surface mineralization zones at the Sunny Boy-Spitfire Project. During its 2020 program, Falcon collected channel samples that returned values up to 122 g/t Au. Channel and grab samples are selective in nature and may not represent the overall mineralization on the property. For Falcon’s results November 3, 2021 – “Backpack Drill Program at Sunny Boy”, visit the company website.
CEO Karim Rayani noted:
“Falcon’s portfolio is positioned to develop assets with the greatest near-term potential, while maintaining exposure to high-quality opportunities across our broader land holdings. With permit updates and new exploration targets underway, we are focusing on projects where we can deliver meaningful results and long-term shareholder value.”
Market outlook and strategic positioning
Gold recently reached the limit $4,100/oz, up from around $1,800/oz a few years ago, underscoring its resilience amid macroeconomic uncertainty and inflationary pressures from global monetary expansion. Persistent money printing, central bank interventions and geopolitical tensions continue to fuel investor demand for tangible assets such as gold, reinforcing its role as a hedge against currency devaluation and rising inflation.
In this environment, companies like Falcon, with high-quality Canadian projects and near-term catalysts, are well positioned to capture value. Falcon’s projects are located in some of the most exploration-rich regions in the world Canadaincluding the Central Canada Gold Project, Central Newfoundland acquisitions and the Sunny Boy-Spitfire project in BC. The portfolio benefits from aggressive licensing, systematic exploration and a focus on advancing the most potential assets. These characteristics provide a clear vector for attracting institutional and strategic investments, while Falcon remains open to late-stage acquisitions to accelerate growth.
References
- Agnico Eagle Mines – Hammond Reef Project (adjacent property; not necessarily indicative). https://www.agnicoeagle.com/English/operations-and-projects/exploration-projects/hammond-reef/default.aspx
- Inventory of mineral deposits in Ontario http://www.geologyontario.mines.gov.on.ca/mineral-inventory/MDI52B14SW00034
- Ontario Ministry of Northern Development and Mining (MNDM) Assessment File, 41J06NE0019
- Falcon Gold Assessment file 20000020989 (drilling 2020-2021)
- Historical Mining Magazines and Fort William Daily Times Journal (1930-1934)
- Falcon Gold news items (2020-2021)
- Reference gold spot price www.apmex.com
This press release may contain forward-looking information about Falcon Gold’s exploration programs, permits and project plans. Such statements are based on current expectations and available information and are subject to risks and uncertainties that could cause actual results to differ. Readers should interpret these statements in the context of the uncertainties inherent in early-stage exploration.
Qualified person
The technical contents of this press release have been reviewed and approved by Mike Kilbourne, P.Geo., a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Kilbourne is independent of the company.
On behalf of the Board of Directors
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused on generating, acquiring and exploring opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is located approximately 20 km southeast of Agnico Eagle’s Hammond Reef Gold Deposit, which currently contains an estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). Reference: https://www.agnicoeagle.com/English/exploration/exploration-projects/Hammond-Reef/default.aspx The golden Hammond Reef estate is located on the Hammond shear zone, which is northeast trending outside the Quetico Fault Zone (“QFZ”) and may control the gold deposit. The Central Gold object lies on a similarly major northeasterly trend of the QFZ. Results from adjacent properties do not necessarily apply to the current project or property being disclosed.
The company has several additional projects: a 49% interest in the Burton Gold estate with Iamgold near Sudbury Ontario; Spitfire-Sunny Boy, claims in BC; Major burnt copper-gold project in Central Newfoundlandand most recently battery metals projects, Timmins West Nickel-Copper-Cobalt Property Ontario, Outarde Nickel-Copper-Cobalt Property and the Nickel North property in Quebec.
Cautionary Language and Forward-Looking Statements
This press 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 title, etc. Forward-looking statements relate to future events and circumstances and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/falcon-gold-provides-corporate-and-strategic-update-on-canadian-portfolio-302623376.html
SOURCE Falcon Gold Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2025/21/c5441.html
#Falcon #Gold #corporate #strategic #updates #Canadian #portfolio