Newrange Gold Corp., Unique Gold Opportunity in Nevada, CEO Clip Video

Vancouver, British Columbia–(Newsfile Corp. – February 15, 2019) – Robert Archer, CEO of Newrange Gold Corp. speaks on the company’s exploration in the old Pamlico gold district in Nevada.

If you cannot view the video above, please visit:
https://www.b-tv.com/newrange-gold-ceo-clip-90sec/

Newrange Gold Corp. is being featured on BNN Bloomberg on Feb. 16 – Feb. 17, 2019, throughout the day and evenings.

Newrange Gold Corp. (TSXV: NRG)

www.newrangegold.com

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 15 top financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV – Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42880

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RETRANSMISSION: Roscan Starts Phase Two Drilling at Its Kandiole Project in Western Mali

Toronto, Ontario–(Newsfile Corp. – February 15, 2019) – Roscan Gold Corporation (“Roscan” or the “Company”) (TSXV: ROS) is pleased to announce it is continuing its drill program at its Kandiole Project in Mali, West Africa. This drill program was initiated to follow-up on the recent gold discovery at its Mankouke permit (see location map and cross-section below), where an initial Air Core (AC) drill program (see news release of January 24, 2019) returned grades of:

  • 5.94 g/t gold over 14 metres (including 26.7 g/t gold over 2 metres)
  • 8.68 g/t gold over 14 metres (including 41.5 g/t gold over 2 metres)
  • 8.47 g/t gold over 18 metres (including 29.0 g/t gold over 4 metres)
  • 3.06 g/t gold over 8 metres (laterite-hosted)
  • 2.71 g/t gold over 4 metres (laterite-hosted)

Note: True widths cannot be determined with the information available

Drilling access roads are being constructed and a multi-purpose drilling rig (AC and reverse circulation capability) is being mobilized. The drill program has been designed to test for the extensions of the mineralization discovered.

QUALIFIED PERSON
The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a Qualified Person as defined by NI 43-101.

ABOUT ROSCAN
Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:
Greg Isenor
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
Email: gpisenor@roscan.ca

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Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at http://www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42855

Rise Gold Announces Financing of C$2.0 million

Vancouver, British Columbia–(Newsfile Corp. – February 15, 2019) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (“Rise Gold“) announces that it intends to raise up to C$2.0 million through the issuance of up to 20,000,000 units (each a “Unit“) at a price of C$0.10 per Unit, with each Unit comprising one share of common stock (a “Share“) and one-half of one share purchase warrant (the “Private Placement“). Each whole warrant (a “Warrant“) entitles the holder to acquire one Share at an exercise price of C$0.13 for a period of two years from the date of issuance.

Rise Gold is pleased to announce that Yamana Gold Inc. (“Yamana“) through its wholly-owned subsidiary, Meridian Jerritt Canyon Corp. (the “Acquiror“), has agreed to purchase 10,000,000 Units for proceeds of C$1.0 million (the “Committed Funds“). Yamana’s investment in the Private Placement is conditional upon the Private Placement being completed for minimum gross proceeds of C$1.8 million, including the Committed Funds. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.

The Committed Funds are being advanced to Rise Gold prior to the closing of the Private Placement pursuant to the terms of a secured convertible debenture (the “Debenture“). The Debenture has a term of six months and an annual interest rate of 12%, calculated and compounded monthly, payable in cash or Units at Yamana’s option, except as described below. The principal amount of the Debenture and any accrued interest thereon is convertible into Units at a conversion price of C$0.10 per Unit (the “Conversion Price“) at any time in the sole discretion of the Acquiror. In addition, the principal amount of the Debenture will automatically be converted into Units at the Conversion Price if, during the term of the Debenture, Rise Gold is able to raise proceeds of C$800,000 under the Private Placement from investors other than Yamana. Assuming that the Debenture is held to maturity, if the total principal amount of the Debenture and any accrued interest thereon is converted into Units, the Acquiror will receive up to 10,615,200 Shares and 5,307,600 Warrants.

Assuming that the Debenture is held to maturity and converted in accordance with its terms, the Acquiror will own an aggregate of up to 28,115,200 Shares and warrants to purchase an aggregate of 14,057,600 Shares, representing approximately 17.95% of Rise Gold’s issued and outstanding Shares on a non-diluted basis, and approximately 24.71% of Rise Gold’s issued and outstanding Shares on a partially diluted basis, assuming the exercise of the warrants held by the Acquiror. Prior to the issuance of the Debenture, the Acquiror owned 17,500,000 Shares and warrants to purchase an aggregate of 8,750,000 Shares, representing approximately 11.99% of Rise Gold’s issued and outstanding Shares on a non-diluted basis, and approximately 16.96% of Rise Gold’s issued and outstanding Shares on a partially diluted basis, assuming the exercise of the warrants held by the Acquiror.

Yamana is an insider of Rise Gold by virtue of its shareholdings, and as a result, the transactions with Rise Gold constitute a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to subsection 5.5(a) of MI 61-101, and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to subsection 5.7(1)(a) of MI 61-101 as the fair market value of the transactions do not exceed 25% of the Rise Gold’s market capitalization. A material change report as contemplated by the related party transaction requirements under MI 61-101 was not filed more than 21 days prior to the proposed closing of the Debenture financing, as the funds to be advanced are presently required to meet Rise Gold’s anticipated short-term cash and project requirements.

All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

The securities offered have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

While the Acquiror currently has no plans or intentions with respect to the Rise Gold securities, the Acquiror may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Shares, warrants or other securities of Rise Gold based on market conditions, general economic and industry conditions, trading prices of Rise Gold’s securities, Rise Gold’s business, financial condition and prospects and/or other relevant factors.

A copy of the early warning report filed by the Acquiror will be available under Rise Gold’s profile on SEDAR at www.sedar.com or by contacting Sofia Tsakos, Senior Vice President, General Counsel and Corporate Secretary at 416-815-0220. The Acquiror’s head office is located at Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, Toronto, ON, M5J 2J3.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. Rise Gold’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although Rise Gold believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42860

McLaren Provides Update on Exploration in Timmins, Ontario

Toronto, Ontario–(Newsfile Corp. – February 14, 2019) – McLaren Resources Inc. (“McLaren” / the “Company”) (CSE: MCL) (FSE: 3ML) (OTC: MLRNF) announces that it has completed 3,189 metres (“m”) of exploration diamond drilling in six holes to test historic gold mineralization on the north section of the TimGinn Gold Property (“TimGinn”) which is situated adjacent to the Hollinger and McIntyre Gold Mines owned by Goldcorp Canada Ltd. (“Goldcorp”). Furthermore, the company has commenced planning for its 2019 exploration program in the Timmins area. In addition to exploration on TimGinn, McLaren plans to evaluate its other attractive gold properties, the Augdome Gold Property (“Augdome”) and the Blue Quartz Gold Property (“Blue Quartz”). A discussion of possible exploration targets on Augdome and Blue Quartz follows below.

TimGinn

McLaren intersected geology favorable for gold mineralization in its recent drill program on TimGinn but was unable to confirm the mineralization indicated in the assessment file T-200, Consolidated Gilles Lake Mine Ltd., Ontario Ministry of Northern Development and Mines. The historic diamond drill hole intersected 6.3 grams per tonne gold (“gpt Au”) over 16.7 m including 30.2 gpt Au over 2.7 m.

Consequently, McLaren has elected to shift its focus back to the vicinity of the former producing Gilles Lake Mine situated 150 m north of the Hollinger Gold Mine in order to pursue positive showings intersected in the spring 2018 drilling program (see image below). The gold mineralization which was intersected in McLaren’s spring 2018 drill program crosses onto TimGinn from the Hollinger Mine property. TimGinn contains similar geology to that hosting the gold mineralization at the Hollinger and McIntyre gold deposits (30M oz. of Au production). Hydrothermally altered volcanic sequences and quartz-feldspar porphyry are excellent environments for gold deposition and have been intersected in drill holes on TimGinn. The spring 2018 diamond drill program was successful in extending the hydrothermal alteration systems that hosted the gold values in earlier holes. Attempts to expand the mineralization to the west encountered favourable geology with gold values. Potential remains to expand the mineralization to depth as well as to the west at deeper levels following up on earlier exploration.

Diamond drilling near the former producing Gilles Lake Mine from November 2011 to present has intersected the following gold mineralization (see McLaren press releases):

  • MTG-11-02 – 24.2 gpt Au / 1.1 metres
  • MTG-11-04 – 7.0 gpt Au / 7.4 metres
  • MTG-11-05 – 4.1 gpt Au / 5.5 metres
  • MTG-11-12 – 1.6 gpt Au / 20.0 metres
  • MTG-11-14 – 7.4 gpt Au / 3.2 metres

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Augdome

In January 2018, McLaren completed a diamond drill program that was successful in intersecting gold mineralization on the west boundary of Augdome which is situated adjacent to the Dome Mine operated by Goldcorp. The gold mineralization which was intersected in McLaren’s drill program crosses onto Augdome from the Dome Mine property. This gold mineralization is hosted within the gold-bearing Destor-Porcupine Fault structure in an area that has been disrupted and intruded by felsic intrusive porphyries. Augdome overlies approximately 2,300 metres of the Destor-Porcupine structure.

On October 25, 2017, Goldcorp announced a base case pre-feasibility study with a contained resource which included approximately 4.5 million gold ounces having a diluted grade of 0.87 gpt to be integrated into the proposed Dome Mine expansion plus an additional 0.9 million ounce inferred resource. The proposed Dome Century Project could significantly expand the footprint of the Dome Mine Open Pit.

Blue Quartz

In 2011, McLaren completed 1,690 m of exploration diamond drilling in six holes that resulted in multiple high grade gold intercepts at various depths including; 13.3 gpt Au over 1.0 m at the depth of 77.3 m and 10.5 gpt Au over 1.3 m at the depth of 155.6 m (see press release of April 21, 2011). The two deepest holes drilled on the property intersected a wide interval of hydrothermal alteration with gold mineralization that included a substantial width of lower grade mineralization, 1.21 gpt Au 76.1 m as well as a higher-grade core of 12.8 gpt Au 1.5 m and 13.95 gpt Au over 2.0 m. These two holes were located at the west end and below the historic underground workings as well as below the majority of the drilling completed on the property to date. The mineralized zone is open to depth and down plunge with indications that the hydrothermal alteration system is increasing in intensity along with both the grade and width of the mineralization.

Encouraged by the following results, McLaren plans to revisit Blue Quartz in the near future.

Hole # From (m) To (m) Width (m) Au-gpt
BQ-89-12 254.9 288.8 33.8 0.927
incl 256.5 261.0 4.6 3.497
BQ-90-18 158.7 278.0 119.2 0.64
incl 263.3 278.0 14.6 1.97
incl 275.8 278.0 2.1 6.50
RBQ-10-02 373.7 375.9 2.2 11.89
RBQ-10-03 326.5 328.0 1.5 7.94
MBQ-11-07 77.3 78.3 1.0 13.30
MBQ-11-09 341.7 343.7 2.0 13.95
MBQ-11-10 155.6 158.7 3.1 5.52
351.0 414.0 63.0 1.21
incl 358.0 359.5 1.5 12.80

Blue Quartz is located in the gold producing area 70 km east of Timmins where several current and past producing mines are located. The property consists of 25 patented mining claims, 400 hectares, situated on gold mineralized geological structures within the Abitibi Greenstone Belt. The Blue Quartz mine is located in the north central part of Beatty Township and is approximately 8 kilometers (“km”) northwest of the producing Black Fox Mine, 12 kms northwest of the Hislop Mine and 14 kms northwest of the former producing Ross Mine.

All drilling was completed using NQ size core. Gold analyses of the samples collected by McLaren were undertaken by ALS Canada Ltd. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 10.0 gpt Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance Program is in place, using control samples such as blanks, standards and duplicate checks.

About McLaren

McLaren is focused on exploration work on its three gold properties which are located in the Timmins Gold District of Northeastern Ontario. These properties include, TimGinn, Augdome and Blue Quartz. TimGinn consists of nine patented mining claims covering 238 hectares in Tisdale Township, Central Timmins that lie between the Hollinger Mine (19.3 million oz) and the McIntyre Mine (10.7 million oz). Gold production took place at TimGinn during the 1920’s from a 940 foot deep shaft at the Gilles Lake Gold Mine. Augdome, which consists of 414-hectares is located in Tisdale and Whitney Townships adjacent to the Dome Mine operated by Goldcorp. Blue Quartz, which hosts the former Blue Quartz Mine, consists of 25 patented mining claims and 8 crown claims covering a total of 640 hectares in Beatty Township and is located 10 km north of McEwen Mining’s Black Fox Mine in East Timmins.

McLaren has stopped development of the blockchain project announced on January 22, 2018.

The information presented in this news release has been reviewed and approved for release by Kenneth Guy, P.Geo, the Qualified Person for McLaren for exploration on TimGinn, as defined by National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

For more information, please contact: Radovan Danilovsky, President, Phone: 416-203-6784, www.mclarenresources.com

MCLAREN RESOURCES INC.
44 Victoria Street, Suite 1616
Toronto, Ontario M5C 1Y2

The Canadian Securities Exchange has neither approved nor disapproved the contents of the press release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute “forward looking statements”. When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”, “planned”, and similar expressions are intended to identify forward looking statements or information. These statements are based on current expectations of management; however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. McLaren Resources Inc. does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42857

Roscan Starts Phase Two Drilling at Its Kandiole Project in Western Mali

Toronto, Ontario–(Newsfile Corp. – February 14, 2019) – Roscan Gold Corporation (“Roscan” or the “Company”) (TSXV: ROS) is pleased to announce it is continuing its drill program at its Kandiole Project in Mali, West Africa. This drill program was initiated to follow-up on the recent gold discovery at its Mankouke permit (see location map and cross-section below), where an initial Air Core (AC) drill program (see news release of January 24, 2019) returned grades of:

  • 5.94 g/t gold over 14 metres (including 26.7 g/t gold over 2 metres)
  • 8.68 g/t gold over 14 metres (including 41.5 g/t gold over 2 metres)
  • 8.47 g/t gold over 18 metres (including 29.0 g/t gold over 4 metres)
  • 3.06 g/t gold over 8 metres (laterite-hosted)
  • 2.71 g/t gold over 4 metres (laterite-hosted)

Note: True widths cannot be determined with the information available

Drilling access roads are being constructed and a multi-purpose drilling rig (AC and reverse circulation capability) is being mobilized. The drill program has been designed to test for the extensions of the mineralization discovered.

QUALIFIED PERSON
The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a Qualified Person as defined by NI 43-101.

ABOUT ROSCAN
Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:
Greg Isenor
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
Email: gpisenor@roscan.ca

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Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at http://www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42855

Falcon Completes Check Assays of High-Grade Results from Gold, Silver and Copper Concessions, La Rioja, Argentina

HIGHLIGHTS:

  • 13 samples from three gold mineralized structures selected for checking;
  • All repeat analyses returned very high grades of base and precious metals;
  • All high grade gold results checked, returned very good reproduced assays ranging up to 44.90 grams per tonne gold (“g/t Au”); and,
  • Several previous silver (“Ag”) sample analyses that indicated “beyond detection limits”, returned grades up to 424.14 g/t Ag (see Table 1).

Vancouver, British Columbia–(Newsfile Corp. – February 14, 2019) – FALCON GOLD CORP. (“Falcon” or the “Company”) is pleased to report on the results of check analyses and assays of select samples from its 2018 exploration program on the Esperanza Resources S.A. (“ERSA”) mineral concessions located in La Rioja Province, Argentina. Thirteen samples were selected for the checks where the original results included very high-grade gold analyses and in samples with visible gold. In addition, certain of the silver, copper, lead or zinc results were beyond the detection limits of the initial analytical method and required further definition.

Table 1: Comparison of the original analytical results for the 2018 exploration program on Falcon’s Argentine concessions, ERSA VIII, IX & X, with the check assays. The check gold assays represent the weighted average of screened fine and coarse fractions. See Table 2 attached to this release for the original and complete analytical results.

Au
g/t
Au
g/t
Ag
g/t
Ag
g/t
Cu
ppm
Cu
%
Pb
ppm
Pb
%
Zn
ppm
Zn
%
Sample Original Check Original Check Original Check Original Check Original Check
40032 15.63 13.55 8.20 7.66 >10000 1.96 3,462 0.32 136.50 0.01
40033 28.43 32.14 92.00 86.04 596.10 0.06 370 0.03 197.20 0.02
40036 6.92 7.64 55.40 71.56 3,250.40 0.36 1,477 0.16 500.30 0.05
40040 27.03 26.07 >100 424.14 >10000 1.23 >10000 >5.00% >10000 >2.50%
40041 4.36 3.56 31.90 35.06 7,849.00 0.75 >10000 4.16 854.00 0.09
40042 18.45 16.47 >100 26.76 9,122.40 0.97 >10000 >5.00% 225.30 0.02
40044 22.16 22.64 11.90 19.87 597.50 0.10 9,194 1.94 9,194 0.09
40047 1.04 0.89 >100 256.28 >10000 2.44 >10000 1.34 81.70 0.01
40048 (VG) 28.23 27.00 >100 203.92 >10000 1.17 >10000 >5.00% >10000 >2.50%
40050 (VG) 45.71 44.90 >100 123.21 7,869.60 0.73 >10000 3.69 2,527.80 0.24
40051 (VG) 0.66 0.98 78.90 76.71 8,397.50 0.77 609 0.09 148.50 0.02
40052 (VG) 23.13 21.88 4.00 <5 8,200.40 0.85 292 0.05 149.20 0.02
40053 (VG) 24.75 17.65 19.90 17.03 6,182.90 0.58 363 0.04 168.20 0.02

Stephen Wilkinson, Falcon’s CEO commented, “The very high grades of gold, silver and copper found within Esperanza project have not only been confirmed but we are pleased the results are so well reproducible. The outstanding grades achieved for the base and precious metals are noteworthy. Our 2019 field programs will be adjusted and expanded to search for other like high grade zones within the laterally extensive host structures.”

Comments on the Results

Historical work has generated limited similar multi-element analyses for comparison. However, the reproducibility of the high-grade gold assays is a positive, possibly indicating that standard fire assay could be a reliable method for determining grades even in the presence of coarse visible gold particles.

Even though the grades of silver and gold vary independently, the very high grade silver assays (greater than 100 g/t) are associated with comparably high grades of the base metals; copper, lead and zinc. With only one exception so far, these high base metal analyses are also accompanied with strong gold numbers. The implication for these results is that new zones of gold mineralization may be discovered through the use of geochemical surveys to identify priority targets. Historical exploration work has (over limited areas) employed stream sediment geochemical sampling. Falcon’s team will be re-examining these surveys and may expand the survey areas of the ERSA concessions to look for new copper, lead and zinc anomalies as an effective tool for discovering gold mineralization.

The ERSA Property

The ERSA Property is comprised of seven (7) mineral concessions covering an aggregate area of 20,461 hectares (“ha”) within the renowned Sierra de Las Minas District, which is reported to host several past producing gold and silver mines. The Property is located about 50 kilometres (“km”) south-southeast of the town of Chepes. The city of San Juan is about 250 km by paved highway to the west-southwest.

The first discovered gold mineralization within the District reportedly occurred within the ERSA IX concession in or about 1865 and is referred to as the “Callanas occurrences”. Limited mining has been conducted on gold, silver and copper zones within the Callanas areas.

Qualified Person

Dr. Daniel Rubiolo, P. Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects has reviewed and approved the technical content of this news release.

About Falcon Gold Corp.

Falcon is a Canadian based mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Its Ontario, Canada projects include: the Central Canada cobalt, copper, gold project; the Coomer Lake vanadium and titanium project; the Wabunk Bay cobalt, copper and nickel project, and the Burton gold property. Falcon also has an agreement to acquire 20,461 hectares within the Sierra de Las Minas District, Argentina which has hosted several past producing gold, copper and silver mines. The Company has 38,020,184 common shares outstanding and is listed on the TSX Venture exchange with the trading symbol: “FG”. For information on the Company, please visit our website: www.falcongold.ca.

CONTACT INFORMATION:

Falcon Gold Corp.

David Tafel
Chairman

Stephen Wilkinson
CEO & Director

Telephone: +1 604-683-1991
Email: info@falcongold.ca

Cautionary Language and Forward-Looking Statements

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 therefore, 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.

Table 2: Summary of the sampling and original analyses results for the 2018 exploration program on concessions, ERSA VIII, IX & X. Note the high-grade gold beyond the analytical detection limit of 10,000 ppb Au were assayed for better upper grade results.

ESPERANZA PROJECT
ERSA VIII – IX – X
Au
ppb
Au
g/t
Ag
ppm
Cu
ppm
Pb
ppm
V
ppm
Zn
ppm
Analytical Method FAA313(1) FAG303(2)  ICP40B(3) ICP40B ICP40B ICP40B ICP40B Description
Lower Detection Limit 5 0.50 0.20 0.50 2 2 0.50 Mineralized
Zone
Sample
Type
Sample
Width (cm)
Upper Detection Limit 10,000   100 10,000 10,000 10,000 10,000
Sample Number                    
40031 28 2.70 655.20 92 18 51.20 ERSA VIII(4) FLOAT N/A
40032 >10000 15.63 8.20 >10000 3,462 604 136.50 ERSA VIII CHIP ROCK 30
40033 >10000 28.43 92.00 596.10 370 85 197.20 ERSA VIII FLOAT N/A
40034 392 1.70 67.40 39 42 52.40 ERSA VIII CHIP ROCK 30
40035 272 0.80 61.60 18 26 20.50 ERSA VIII CHIP ROCK 30
40036 6,923 55.40 3,250.40 1,477 104 500.30 ERSA VIII FLOAT N/A
40037 81 0.80 69.00 46 16 16.60 ERSA VIII CHIP ROCK 40
40038 30 0.20 21.30 18 11 11.00 ERSA VIII CHIP ROCK 300
40039 58 <0.2 10.00 28 206 46.00 ERSA VIII CHIP ROCK 40
40040 >10000 27.03 >100 >10000 >10000 105 >10000 Callana III CHIP ROCK 50
40041 4,362 31.90 7,849.00 >10000 2,423 854.00 Callana VI CHIP ROCK 40
40042 >10000 18.45 >100 9,122.40 >10000 679 225.30 Callana VI CHIP ROCK 40
40043 121 4.40 67.90 2,205 113 43.10 Callana VII CHIP ROCK 30
40044 >10000 22.16 11.90 597.50 9,194 315 81.70 Callana VII CHIP ROCK 40
40045 129 1.30 55.80 458 61 33.80 Callana VII CHIP ROCK 20
40046 31 0.50 31.90 488 73 84.00 Callana VII CHIP ROCK 25
40047 1,037 >100 >10000 >10000 15 48.90 Callanas CHIP ROCK 10
40048 (VG)(5) >10000 28.23 >100 >10000 >10000 329 >10000 Callana V CHIP ROCK 80
40049 1,438 8.80 491.80 9,741 96 1,432.20 Callana V CHIP ROCK 30
40050 (VG) >10000 45.71 >100 7,869.60 >10000 724 2,527.80 Callana IV CHIP ROCK 50
40051 (VG) 662 78.90 8,397.50 609 243 148.50 San Isidro Norte CHIP ROCK 40
40052 (VG) >10000 23.13 4.00 8,200.40 292 120 149.20 San Isidro Sur CHIP ROCK 60
40053 (VG) >10000 24.75 19.90 6,182.90 363 95 168.20 San Isidro Sur CHIP ROCK 100
40054 159 1.00 118.60 345 9 118.60 San Isidro Sur CHIP ROCK 20

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InvestmentPitch Media Video Discusses Red Pines Exploration’s Drill Highlights Including 4.9 gpt Gold over 16.3 Meters at its Wawa Gold Project in Northern Ontario – Video Available on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – February 14, 2019) – Red Pine Exploration, (TSXV: RPX), a gold exploration and development company operating in the prolific greenstone belt of Northern Ontario, announces further drill results at its Surluga Deposit. Drill highlights include 4.9 grams per tonne gold over 16.3 meters – true width, by a hole drilled in an exploration gap within the deposit and a confirmation drill hole that returned 1.9 grams per tonne over 38.5 meters including 5 grams per tonne over 8.7 meters true width.

InvestmentPitch Media has produced a “video” which discusses the news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Red Pine” in the search box. Quentin Yarie, President and CEO, was recently interviewed in this “video” by David Morgan of the Morgan Report.

Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_gjvyhz2t/Red-Pine-Exploration-intersects-49-gpt-gold-over-163-metres-true-width-including-161-gpt-gold-over-27-metres-true-width-at-its-Wawa-Gold-Deposit-in-Ontario

The Surluga deposit is one of the company’s two deposits on its Wawa Gold Project encompassing over 6,500 hectares of land located just 2 kilometers outside of the town of Wawa in northern Ontario. The Surluga Deposit currently hosts a NI 43-101 Inferred Resource of 1,088,000 ounces of gold at an average grade of 1.71 grams per tonne, using a 0.5 gram per tonne cut-off, contained within 19.82 million tonnes. The company previously issued a maiden resource for its second deposit, the Minto Mine South Deposit, in November 2018 of 100,000 ounces indicated and inferred, using a 3.5 gram per tonne cut-off.

The diamond drill program conducted from July 2018 to early January 2019, targeted strategic areas in the Surluga Deposit where geological modelling suggested that high-grade mineralization could be discovered. These results are part of an ongoing drill program that will be included in a revised 43-101 resource estimate for the Surluga Deposit expected to be issued in Q2 2019.

To date, the company has completed over 59,000 meters of drilling and made 4 discoveries along the extension of the Surluga Deposit, with further assay results still pending for the remaining 40 holes completed in the Surluga Deposit.

Red Pine’s infill drilling program is intersecting wide zones of high-grade mineralization, not included in the present resource. Drilling results to date support the potential for the Surluga Deposit to host a higher-grade gold resource, accessible using the existing underground developments of the Surluga Mine. Recent drilling is also confirming that additional gold zones exist below the Jubilee Shear Zone (host of the Surluga Deposit) and that higher-grade mineralization can be found in those gold zones.

The program’s aim is to shift the 43-101 resource from a low-grade open-pit to a higher-grade underground resource that can use existing infrastructure.

Quentin Yarie, President and CEO of Red Pine stated: “The discovery of significant mineralization in exploration gaps of the Surluga Deposit validates our model that significant zones of gold mineralization remain to be discovered and quantified. The addition of these discoveries has the potential to add higher-grade ounces to the Surluga Deposit, accessible by the historical underground workings of the Surluga Mine. We expect pending results from the remainder of our infill drilling program to fall in line with what we’ve observed so far, and we’re on track to issue a revised NI 43-101 for Surluga in Q2 2019.”

For more information, please visit the company’s website www.redpineexp.com, or contact Quentin Yarie, President & CEO at 416-364-7024, or email qyarie@redpineexp.com. Investor relations is handled by Mia Boiridy, who can be contacted at 416-364-7024, or by email at mboiridy@redpineexp.com.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42839