Falcon Gold Commences Drill Program at Washington Silver Project
SUDBURY, ONTARIO -- (Marketwire) -- 09/17/12 -- Falcon Gold Corp. ("Falcon Gold" or "the Company") (TSX VENTURE: FG) is pleased to announce that it has commenced a 1,000 metre diamond drill program at the Silver Bell open pit located on its 100% owned Washington Silver Property. The drill program is focused on testing and evaluating the potential for Silver-Gold mineralization below and immediately adjacent to the historic Silver Bell open pit mine.
Falcon Gold completed a summer exploration program on the Washington Silver Property that included property wide geological mapping as well as detailed mapping and sampling in the Silver Bell open pit area. Recent grab samples collected by Falcon Gold (news release August 23, 2012) returned numerous high grade silver assays including a high of 2,700 grams per tonne (g/t) silver and 5.58 g/t gold.
The Washington Silver Project
The Washington Silver property encompasses approximately 880 acres, consisting of the Silver Bell Mining Lease and exploration claims, is located in the Ferry and Okanogan Counties in north central Washington State, approximately 14 kilometres (km) northwest of the town of Republic and 50 km south of the Canada-USA border.
The district has been an active precious metal mining region for over 100 years. A number of past producing silver and gold mines collectively represent an Epithermal Ag-Au district which extends from Northern Washington into British Columbia. Hecla Mining operated the Knob Hill Mine near Republic, which produced an estimated 2.4 million ounces of gold before closing, and current projects in the region include Midway Gold's Golden Eagle deposit (discovered by Hecla Mining in 1988) and Kinross Gold Corporation's Buckhorn Gold deposit and K1/K2 deposit. Kinross' 1,800 tpd capacity Kettle River Mill is located approximately 8 km from the Washington Silver Property. Silver was first discovered in the area of the Washington Silver Property in 1897 and the property has had a sporadic production history including 1907, 1940, and 1980-1983. During the period 1980-1983 production came from the Silver Bell Open Pit located on the Silver Bell Mining Lease. The property contains a number of Au and Ag showings consisting of veins, vein stocks works, and siliceous breccias consistent with the district style of epithermal mineralization.
Qualified Person
Jamie Lavigne, P.Geo, Vice President Exploration and Director of Falcon Gold has reviewed and approved the technical contents in this press release.
About Falcon Gold Corp.
Falcon Gold Corp. is a Canadian mineral exploration company focused on generating, acquiring, and exploring quality mining opportunities in the Americas.
On Behalf of the Board of Directors
FALCON GOLD CORP.
Edward Stringer, President, CEO and Director
This news 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 property titles, etc. Forward looking statements address future events and conditions and therefor, 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.
Contacts:
Falcon Gold Corp.
Timea Carlsen
Manager, Corporate Communications
Toronto Cell: 647-991-2473 (BIRD)
Vancouver Cell: 778-998-2473 (BIRD)
timea.carlsen@falcongold.ca
