Valentine Lake Fault

Falcon Gold is advancing exploration on its 17,225-hectare Valentine Lake Fault land package in Newfoundland, a burgeoning gold district. The company has engaged GeoXplore Surveys Inc. to conduct Phase 1 exploration, employing till geochemistry, geological mapping, geophysics, and 3D structural modeling to identify drill targets. Falcon’s land position strategically bridges active exploration fronts and aligns with the Valentine Lake Fault System, near Equinox Gold’s Valentine Gold Mine, aiming to define targets and establish a new gold camp.

Sokoman Minerals is expanding its land position along Newfoundland’s Valentine Lake Fault through property acquisitions and option agreements. They’re acquiring 100% of the Keats Property via cash, shares, and an NSR, retaining the option to repurchase half the NSR. They’ve also secured an option to acquire 100% of the Stony Lake Property by issuing shares and funding exploration. Underwriters also have the option to purchase additional flow-through shares generating potential further gross proceeds. This consolidation underscores Sokoman’s belief in significant resource potential.