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FG:TSX-V $0.04

Central Canada Cobalt & Gold Project

Overview

COMPRISED OF 2 RECENT ACQUISITIONS:

  1. English Claims Option
    • Six claims with 55 claim units
    • Includes the historic Staines Co Occurrence
  2. Central Canada Gold Mine Property
    • Seven claims with 25 units
    • Covers historic producer with shaft and mill site
    • Is contiguous with above English Claims Option


Central Canada Project and Significant Mineral Deposits of NW Ontario

  1. Rainy River Gold Mine
    • 6.2 million oz Au and 13.3 million oz Ag
  2. Werner Lake Cobalt Deposit
    • 181,000 tonnes of 0.4% Co
  3. Red Lake Gold Mines
    • 2.17 million oz Au (Reserves)
    • 29 million oz Au historical production
  4. Musselwhite Gold Mine
    • 1.85 million oz Au (Reserves)
    • +4 million oz Au produced
  5. Pickle Lake District
    • 2.5 million oz Au Produced, and,
    • Thierry mine historically produced 113.6 million lb. Cu, 27.7 million lb Ni, 17,500 oz Pt and 47,000 oz Pd.
  6. Lac des Isles Palladium Mine
    • 2.7 million oz Pd. (Reserves)
  7. Shebandowan Ni-Cu-Co Mine
    • 1971 to 1998, produced 8.7 million tonnes of ore at 2.07% Ni, 1.00% Cu and approx.3.0 g/t PGE
  8. Hammond Reef Gold Deposit
    • Measured and Indicated Resource of 208 million tonnes containing 4.5 million oz.

English Claims Option

  • Six claim units (#4276779 to 4276783 and 4276795), comprise 55 claim units and cover an area of approximately 880 ha
    • Historic Staines Occurrence with reported drill intersection of 0.64% Cu, 0.15% Co, 1.1% Zn and 0.35 g/t Au over a true width of 40 m.
  • Strategically close to important infrastructure including highway and rail access, and electrical power and natural gas pipeline;
  • Numerous cobalt, copper and gold occurrences that have seen historical surface & shallow drilling

Central Canada Gold Mine Property

  • Is contiguous with the English Claims.
  • Approximately 21.5 km east of Atikokan, and about 160 km west of Thunder Bay.
  • Access is from Hwy 11 to Hwy 623 to the mine access road on the north side of Sapawe Lake.
  • The Property has two geological regimes.
    • Northern claims are underlain by Archean age greenstone rocks that include mafic volcanic flows, gabbroic intrusions and quartz feldspar porphyries in which the gold mineralization is hosted.
    • The south part of the Property is covered by Sapawe Lake and is underlain by iron formation and greenstone rock units that host Falcon's targeted cobalt and gold occurrences.
  • The Staines Cobalt Occurrence is 1.5 km west of the Property's western boundary.

Central Canada Gold Mine -- History of Operations

  • 1901 to 1907 -- Shaft to a depth of 12 m and 27 oz of gold from 18 tons using a stamp mill.
  • 1930 to 1935 -- Central Canada Mines Ltd. deepened the shaft to 40 m with about 42 m of crosscuts and installed a 75 ton per day gold mill.
  • 1965 -- Anjamin Mines Limited completed diamond drilling and in hole S2 returned a 2 ft section of 37.0 g/t Au and hole S3 assayed 44.0 g/t Au across 7 ft.
  • 1985 -- Interquest Resources Corp. drilled 13 diamond holes totaling 1,840 m in which a 3.8 ft intersection showed 30.0 g/t Au.
  • 2018 -- Falcon Gold plans to begin with airborne geophysics to target sulphide iron formations for follow-up diamond drilling on cobalt and gold zones.