FALCON GOLD ESTABLISHES NEW GOLD CAMP IN CENTRAL NEWFOUNDLAND AND ENGAGES GEOXPLORE SURVEYS INC - FOR AGGRESSIVE PHASE 1 EXPLORATION

Core Insights - Falcon Gold Corp has initiated Phase 1 exploration on a newly consolidated land package of 17,225 hectares in central Newfoundland, engaging GeoXplore Surveys Inc. for the project [1][4]. Strategic Importance - The acquisition positions Falcon at the center of Newfoundland's emerging gold camp, strategically located along the Valentine Lake Fault System, which is known for its gold-bearing potential [2][3]. - The land package captures an underexplored section of the Valentine Lake structural trend, which is associated with the Valentine Gold Mine operated by Equinox Gold, Newfoundland's largest gold mine [3][5]. Exploration Program - The Phase 1 exploration program will include various activities such as regional scale till geochemistry, prospecting, geological mapping, high-resolution magnetic reinterpretation, 3D structural modeling, IP-resistivity surveying, and trenching across priority targets [6]. - GeoXplore will mobilize immediately for a high-velocity, discovery-focused program [4]. Company Overview - Falcon Gold Corp is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas, with its flagship project being the Central Canada Gold Mine [7]. - The company also holds multiple additional projects, including interests in the Burton Gold property and various battery metals projects [7].