F&G Annuities & Life(US:FG) Prnewswire·2025-11-07 16:57Core Insights - Falcon Gold Corp. has acquired 689 mineral claims totaling 17,225 hectares in Central Newfoundland, enhancing its position in a highly prospective gold corridor within the Victoria Lake Shear Zone [1][6] - The acquisition connects two active gold trends, namely Sokoman Minerals' Crippleback Lake Trend to the west and Benton Resources' Stony Lake Caldera to the east, positioning Falcon strategically in an underexplored section of the Central Newfoundland gold belt [2][5] Acquisition Details - The newly acquired land secures a district-scale platform for systematic exploration and potential discovery, with multiple high-priority targets identified through geological and magnetic analysis [3][6] - The corridor lies along the Valentine Lake Fault system, known for hosting the Valentine Gold Mine, indicating a proven gold-bearing trend [5] Immediate Work Program - Falcon plans to initiate a high-velocity exploration campaign, which includes magnetic reinterpretation, geochemical sampling, IP-Resistivity surveying, trenching, and Phase I scout drilling [4][5] - The company aims to generate targets that could lead to significant discoveries in the region [4] Project Leadership - Mike Kilbourne has been appointed as Project Manager for the Central Newfoundland portfolio, bringing over 40 years of exploration experience and a track record of overseeing extensive drilling and target generation [4][5] Company Overview - Falcon Gold Corp. is focused on generating, acquiring, and exploring mineral opportunities in the Americas, with its flagship project located approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit, which has estimated reserves of 3.32 million ounces of gold [8]