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FG:TSX-V $0.05

Esperanza ("ERSA") Gold & Copper Project

Esperanza ("ERSA") Gold & Copper Project

  • Located in southern La Rioja province north-central Argentina.
  • Accessed by paved highway from the city of San Juan to the town of Chepes, then by gravel road for a distance of approx. 35 km.
  • Within the Sierra de Las Minas belt (shaded blue on map) known for its historical mines and occurrences.

ERSA Concessions

  • Composed of 7 mineral concessions covering approximately 20,000 ha. & include several past producing and artisanal gold mines.
  • Principal occurrences such as Callanas and Callanas Este hosted in structures running several kilometers on a south-east strike

ERSA Concessions 2018 Exploration

  • Falcon's 2018 sampling produced high grade gold, copper, assays
  • Zones are typically lensoid quartz veins that occur in structures, strung over significant strike distances like strings of pearls
  • The veins are typically mineralized with gold and copper and lead sulphides
  • Of the 24 samples taken, the table below contains the significant results for 14 samples
ERSA VIII - IX - X
Sample Number
Au
g/t
Ag
g/t
Cu
ppm
Pb
ppm
Mineralized
Zone
Sample
Width (cm)
40032 15.63 8.20 >10000 3,462 ERSA VIII 30
40033 28.43 92.00 596.10 370 ERSA VIII FLOAT
40036 6.92 55.40 3,250.40 1,477 ERSA VIII FLOAT
40040 27.03 >100 >10000 >10000 Callana III 50
40041 4.36 31.90 7,849.00 >10000 Callana VI 40
40042 18.45 >100 9,122.40 >10000 Callana VI 40
40044 22.16 11.90 597.50 9,194 Callana VII 40
40047 1.04 >100 >10000 >10000 Callanas 10
40048 (VG) 28.23 >100 >10000 >10000 Callana V 80
40049 1.44 8.80 491.80 9,741 Callana V 30
40050 (VG) 45.71 >100 7,869.60 >10000 Callana IV 50
40051 (VG) 0.66 78.90 8,397.50 609 San Isidro Norte 40
40052 (VG) 23.13 4.00 8,200.40 292 San IsidroSur 60
40053 (VG) 24.75 19.90 6,182.90 363 San IsidroSur 100