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Falcon’s Chief Executive Officer, Issues Corporate Update Letter

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce a corporate update letter to shareholders in an address from its Chief Executive Officer Karim RayaniDear Shareholders:As a new year begins, I would like.

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Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce a corporate update letter to shareholders in an address from its Chief Executive Officer Karim Rayani

Dear Shareholders:

As a new year begins, I would like to share some of our successes over the past year and objectives for the ensuing year. With the world scale pandemic continuing its attack on the globe, it can be sometimes hard to discern the clear road ahead. Despite all that is happening, my commitment remains the same to our Company since the first day I signed on as Chief Executive Officer. My focus is and always has been on creating shareholder value, and it will be no different as we embark on a new year. I'm very pleased with Falcon's progress during 2021, we have a clear roadmap going into 2022 and we are committed to continuing that success.

Central Canada Project

We continue to make great progress at the historic Central Canada gold mine trend in the developing Atikokan camp. This flagship project lies just 20 kms southeast of Agnico Eagles Hammond Reef Deposit which hosts a measured resource of 3.32 million ounces of gold.

Falcon has completed two successful rounds of drilling that complement and validate the historic workings as we work towards our main goal of delineating a resource. In addition to the extensive mapping and sampling of outcrop exposures of the Central Canada mine trend, Falcon has received the reinterpretation of the 2021 heliborne high-resolution magnetic and time-domain electromagnetic survey utilizing artificial intelligent (AI) computer analyses. This type of AI system is an evolving and promising application that may be capable of identifying areas of complex folding and faulting and could accelerate the process of deciphering and modelling the complex structural setting of the property.

Through our past year exploration efforts, we are now pleased to report that the Central Canada Mine trend has been extended to a strike length of over 140m. This mine trend includes the historical J.J. Walshe Shaft. Detailed mapping and sampling across the property also resulted in new discoveries of the Sugar Shear, Monte, Honey, and Hoist Zones. The Sugar Shear returned grab sample results up to 23 g/t Au and has been traced on surface for over 360m and presents a previously undocumented target of high merit for future exploration efforts (Figure 1).

Figure 1. Gold-bearing zones of the Central Canada gold project.

The company is now ready to begin an exciting chapter in its future exploration efforts at Central Canada. Plans are in place to begin a Phase 3 drilling program. The objective of the drilling will be to target the gold mineralization in the J.J. Walshe shaft area and to test other strong gold-bearing zones such as the No. 2 Vein, the Sugar Shear Zone and drill the Honey Zone. As the snow melts in the spring, summer programs will consist of further mapping, ground-truthing the targets of merit highlighted by the AI analyses, stripping and a Phase 4 drill program scheduled for the fall of 2022.

Newfoundland Acquisitions

Falcon continues to search out opportunities and build value by project generation and has made a number of acquisitions in Central Newfoundland as of late. The Hope Brook and Baie Verte Projects are the first in a number of announcements to come. Both these acquisitions are very strategic in our long-term objective of securing key areas that have seen little historical exploration and host structural similarities to the recent success of the Newfoundland exploration boom. The ever-evolving understanding of the geological nature of the central Newfoundland gold belt is also presenting opportunities through the success of First Mining, Sokoman-Benton JV and Matador Resources which all have a large presence in the area with defined resources. Matador's Cape Ray deposit hosts 837,000 ounces of Au at an average grade of 2 g/t and is contiguous to Falcon's ground. First Mining's Hope Brook project located to the south of Falcon has a resource of 5.5 million tonnes containing 844,000 ounces Au grading 4.77 g/t. Falcon's claims are located along the same structural trend as the Hope Brook Project.

Not only known for its gold the Hope Brook camp is quickly becoming an area of interest for lithium, just recently the Benton - Sokoman JV announced the first lithium-bearing pegmatite discovery located 400m meters away from our property boundary. Recent geophysical interpretation shows the same controlling structures that host the Kraken Pegmatite dyke swarm discovered by Benton-Sokoman extend onto Falcon's ground. Falcon now controls a large footprint in the Hope Brook camp of the southern central Newfoundland gold belt along key structural trends and the discovery of lithium in the area presents an additional layer of potential success for more discoveries. The Company has applied for the necessary permitting and is looking forward to mobilizing crews as soon as conditions allow.

Falcon's Baie Verte project consisting of 13,700 hectares is located along the Baie Verte Brompton Line (BVBL) of the central Newfoundland gold belt. The BVBL is a major crustal scale structural feature and through the Baie Verte peninsula and currently hosts all of Newfoundland's gold production. Current producing mines include Anaconda Mining Inc.'s Point Rousse gold mine and Rambler Metals Mining operations. Former producing mines include the Terra Nova mine and deposits of the Rambler mining camp. All these current gold mines and former producers are in close proximity to the Baie Verte Brompton line. Additionally, there are more than 100 gold prospects along the BVBL, and Falcon has taken advantage of this key structural corridor having acquired ground over a 70 km strike length.

On November 17th Falcon announced a strategic partnership with Marvel Discovery in the Hope Brook camp of the central Newfoundland gold belt. Called the Golden Brook, this strategic alliance covers additional ground along the Baie Verte Brompton Line. The 50-50 joint venture between Falcon and Marvel now brings total landholdings to 115,000 hectares. This alliance provides numerous upside potential to both companies including synergies of shared capital and administration costs while collectively targeting those areas of high merit for a Tier 1 gold discovery that is not hampered by property boundaries.

The newly formed JV also controls strategic ground 13 kilometers (km) southwest of the Glover Island (GI) trend. The GI trend is an 11km mineralized corridor host to 17 base metal, polymetallic mineral prospects and numerous gold showings and anomalies. The GI trend hosts the Lunch Pond South deposit with inferred resources of 120,000 ounces of gold. Not only known for its base and precious metals, the GI Trend and BVBL corridor contains the Four Corners project which hosts an apparent large iron-titanium-vanadium bearing deposit owned by Triple Nine Resources. This deposit has thus far been outlined for over 3km in length with widths of up to 200m and to a depth of 600m. The Falcon-Marvel JV is well positioned along this important mineralized corridor and by combining exploration strategies and synergies is well poised for success.

British Columbia Projects:

Gaspard Claims

Falcon announced on February 4, 2021, the acquisition of the Gaspard Gold Claims near Spences Bridge. The Gaspard claims are located in what may be an extension of the Spences Bridge gold belt. The Spences Bridge gold belt is host to several significant developing gold deposits such as Westhaven Gold Corp.'s Shovelnose gold project and the Blackdome Zone gold-silver deposit owned by Tempus Resources. The former Blackdome mine produced 225,000 of gold at an average grade of 20 g/t Au. The Blackdome has a reported resources of 144,500 tonnes with an average grade of 11.29 grams per tonne gold and 50.01 g/t silver, and an inferred resource of 90,600 tonnes grading 8.79 g/t gold and 18.61 g/t silver (Tempus Resources Ltd.) The Blackdome is classified as low-sulphidation epithermal gold and silver mineralization and represents a similar target type for the Gaspard claims.

Historical exploration programs at Gaspard reported anomalous heavy mineral concentrate stream sediments returning grades from 94 parts per billion gold to 5,910 parts per billion gold within four adjacent streams. This defines a continuous gold anomaly over an upstream distance of 1.8km. To date, Falcon has completed its first phase of exploration to delineate and investigate the styles of gold mineralization associated with this stream sediment anomaly.

Falcon has fulfilled its obligations in expenditures during the 2021 field season and now controls 100% interest in the project.

Sunny Boy-Spitfire

On August 09, 2021, the Company announced the commencement of Phase 2 exploration efforts at the High-Grade Sunny Boy-Spitfire project near Merritt B.C. The company's first phase in 2020, was successful in identifying gold mineralization over a 300-metre strike length through grab and channel sampling. Highlights of the September 2020, sampling program were a 2.2 m channel sample that averaged 59.8 g/t Au which included a one meter channel sample that assayed 122 g/t Au. Both channel samples were taken from the Master Vein.

In 2021 Falcon's second phase of exploration consisted of packsack drilling along the Master Vein and parallel mineralized horizons.

Highlights of the 2021 exploration efforts include:

  • Grab samples on the Master vein ranging from 1.09 g/t Au to 168 g/t Au and 17.5 g/t silver and 0.7 per cent Cu;
  • Backpack drilling from surface of 68.7 g/t Au and 11.8 g/t Ag over a drilled intersection of 0.47 m;
  • A grab sample from Vein 2 reporting 1.52 g/t Au;
  • A grab sample from Vein 3 reporting 2.58 g/t Au and 1.2 g/t Ag.

Falcon Gold is very encouraged by the results of the pack-sack drilling and sampling along six parallel vein structures with anomalous to high grade gold results in every sample reported. Due to visible gold noted in many of the samples, Falcon has commissioned total metallics gold analyses to determine the effect of the nuggety nature of gold may have had original fire assay method results. These values will be released once they have been obtained.

Alex Pleson, P.Geo. Dispute

On November 23, 2021, the Company filed a lawsuit in the Supreme Court of British Columbia against Alex Pleson, P.Geo (PGO) of Pleson Geoscience of Ontario Canada. Mr. Pleson failed to transfer claims he staked on behalf of the company and did not report the work he performed for the company to the standards expected of a professional geoscientist. The lawsuit does not affect any of our plans moving forward and the company is optimistic the matter will be solved in a timely manner.

Viernes Project, Northern Chile

On December 16,2021 Falcon signed a definitive option to-purchase agreement on the Viernes Project. The Viernes project is located 122km southeast of Antofagasta city in northern Chile. The claims encompass 13 claim blocks covering 3,300 hectares and are directly adjacent to Yamana's El-Penon gold-silver mine. Production from the El-Penon in 2021 was 160,000 ounces of gold and 5,000,000 million ounces of silver. The property is also located 30 km from the Escondida copper-gold porphyry cluster operated by BHP and Rio Tinto.

Since the 1990's this area has produced 30.6 million tonnes of copper (57 times the annual Canadian production), 9.2 million ounces of gold (1.5 times the annual Canadian production) and 129.3 million ounces of silver (8.6 times the Canadian annual production) through multiple world class discoveries. Terms of the option to-purchase agreement are subject to TSX Venture Exchange policy.

Latamark Resources formed; South America Issuer planned

On October 7,2021 the Company formed Latamark Resources Corp., a wholly owned subsidiary of Falcon Gold., The company intends to spin out its Argentine gold asset located in the renowned Sierra de Las Minas district of southern La Rioja province in San Juan. The district is reported to host several formerly producing gold and silver mines.

On Feb. 9, 2021, the company was able to reinstate the property option for a reduction from the original agreement. The original terms were calling for escalating annual payments over a six-year term totaling $500,000 (U.S.) and the issuance of four million common shares with property expenditures of US$1.74 million Falcon was successful in reworking the terms to share payments of 500,000 common shares plus 500,000 warrants to be paid to the vendors and by spending US$350,000 in exploration expenditures to earn an 80-per-cent interest in the project. Upon completion of payments and expenditures, Falcon will hold an 80-per-cent interest and the vendors would retain 20-per-cent ownership in the property. For a 30-month period following acquiring 80% Falcon reserves the right to purchase the vendors' 20% remaining interest for a further payment of two million Falcon common shares and a one-time US$1.5-million payment. The vendor retains a 2% NSR with a buyback clause of 1% for $$$$$ which Falcon Gold can elect to do so at any time.

The company will update shareholders in the coming weeks on the necessary requirements for shareholder approval. Falcon can make no assurances that a spinout will take place as it is subject to several conditions that include board approval, satisfying the TSX Venture requirements, legal and tax ramifications, determining the final details of the transaction, receipt of all regulatory approval, the availability of financing for the new subsidiary, and the overall market conditions. The company will be providing further details in the coming weeks.

In Closing

The Company is looking forward to a robust exploration season in 2022. Falcon continues to build value for stake holders by acquiring, advancing, and exploring opportunities in the Americas. The Company is continuing to build upon the historic results and new discoveries at the Central Canada project as we complete further drilling, modeling, and resource delineation. The recent acquisitions in Newfoundland which is witnessing the largest exploration boom and discoveries in history is testament to Falcon recognizing where opportunities for success are the highest. Strategies in Chile are opportunistic in building shareholder value in the largest copper producing areas in the world. Copper demand is expected to increase dramatically in the near future as the world turns to green metal energy. We believe that Falcon presents incredible upside potential in 2022 when currently valued at such a low market capitalization as compared to some of our peers in the same jurisdictions. We thank all our current shareholders for their continued support and look forward to rewarding them with success.

Wishing you the best for 2022.

Cordially,
Karim Rayani

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 8 additional projects. The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina. The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

CONTACT INFORMATION:

Falcon Gold Corp.

"Karim Rayani"

Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
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.

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.

SOURCE: Falcon Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/681496/Falcons-Chief-Executive-Officer-Issues-Corporate-Update-Letter

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Government

Pfizer Inc (NYSE: PFE) To Acquire Global Blood Therapeutics For $5 Billion

According to sources familiar with the matter, the Wall Street Journal reported that Pfizer Inc (NYSE: PFE) was in advanced discussions to acquire pharmaceutical…

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According to sources familiar with the matter, the Wall Street Journal reported that Pfizer Inc (NYSE: PFE) was in advanced discussions to acquire pharmaceutical company Global Blood Therapeutics (NASDAQ: GBT) for $5 billion.

Pfizer, too, acquired Global Blood Therapeutics 

Pfizer wants to close a deal soon, but there are still other interested parties, according to the article.

Global Blood Therapeutics, which manufactures Oxbryta, the blood disorder medication, saw its shares jump 44%  on Friday afternoon to a two-year high. As of Thursday’s closing, the company’s market cap was $3.12 billion.

A spokesman for Global Blood stated the company does not “comment on market rumors or speculation,” while Pfizer declined to respond on the matter.

With plenty of cash left over after selling its COVID-19 vaccine, New York-based Pfizer is searching for deals that may generate billions of dollars annual sales by 2030.

Its $11.6 billion acquisition of migraine medication manufacturer Biohaven Pharmaceutical Holding (NASDAQ: BHVN) in May was the most recent in a series of purchases that also included Trillium Therapeutics and Arena Pharmaceuticals in recent years.

Oxbryta received approval last year for sickle cell disease management 

In 2019, the US government approved Global Blood’s Oxbryta to manage sickle cell disease in individuals aged 12 and over. The oral medication was approved in December 2021 to treat the illness in younger children. The drug’s sales increased by almost 50% to $194.7 million in 2021.

After a gloomy start to the calendar year, when a lack of significant purchases and clinical-stage treatment failures lowered investor morale and restricted funding, the biotech dealmaking pace has recently picked up again.

Also, Amgen Inc (NASDAQ: AMGN) also decided to purchase ChemoCentryx Inc on Thursday for $3.7 billion to obtain access to a possible breakthrough medication for inflammatory illnesses. AstraZeneca’s $39 billion acquisition of Alexion Pharmaceuticals in 2020 has put the realm of immune diseases in the limelight. The deal, which was announced before trading opened, will also give the corporation control of at least two investigational immune disorders medicines.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.

The post Pfizer Inc (NYSE: PFE) To Acquire Global Blood Therapeutics For $5 Billion appeared first on Wall Street PR.

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Science

AEMD: Positive Results in a Range of Conditions, Including COVID-19 & Monkey Pox

By M. Marin
NASDAQ:AEMD
READ THE FULL AEMD RESEARCH REPORT
Expanding the Potential Indications for Hemopurifier Treatment
Aethlon Medical’s (NASDAQ: AEMD)…

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By M. Marin

NASDAQ:AEMD

READ THE FULL AEMD RESEARCH REPORT

Expanding the Potential Indications for Hemopurifier Treatment

Aethlon Medical's (NASDAQ: AEMD) clinical trials are moving forward and expanding, as AEMD continues to demonstrate the effectiveness of its lead product, the Aethlon Hemopurifier®, in a broad range of viruses and conditions in single patient emergency use cases and in in vitro analysis, including COVID-19 and various variants and Monkey Pox, among others. The Aethlon Hemopurifier® is being studied in a severe COVID-19 clinical trial under the company's open IDE (Investigational Device Exemption) for life-threatening viral infections.

The safety and feasibility of the Hemopurifier is being evaluated in an Early Feasibility Study (EFS) that will enroll up to 40 COVID-19 ICU patients. The first patient was enrolled in this study in June 2022 and has completed the Hemopurifier treatment. AEMD has nine fully activated hospitals that are actively screening patients for the trial.

In addition to this study, the Hemopurifier has demonstrated positive results in two severely ill patients under individual emergency use and in in vitro analysis. The Hemopurifier has produced positive results in binding seven variants of the SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) virus in vitro, as discussed in an article1  that AEMD's CEO Dr. Charles J. Fisher Jr. and the company's Chief Medical Officer Dr. Steven LaRosa contributed to.

The company is also conducting a study of the impact of the ...

Full story available on Benzinga.com

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Economics

Where Are Interest Rates Headed? Is The Fed Correct Or The Eurodollar Curve?

Where Are Interest Rates Headed? Is The Fed Correct Or The Eurodollar Curve?

Authored by Mike Shedlock via MishTalk.com,

The Eurodollar curve…

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Where Are Interest Rates Headed? Is The Fed Correct Or The Eurodollar Curve?

Authored by Mike Shedlock via MishTalk.com,

The Eurodollar curve implies four quarter-point cuts are on the way starting in 2023. The Fed believes otherwise. Let's discuss stock market implications.

Data from CME and Fed via Wall Street Journal.

Eurodollar Curve

The eurodollar curve has nothing to do with euros or dollars. Rather it is an interest rate curve and one of the world's most widely traded futures.

After peaking at about 3.9% this year, eurodollar betters believe the Fed will then cut rates all the way down to 2.8%. 

Five Not-Quite-Impossible Things the Market Believes

Wall Street Journal Contributor James Macintosh discussed the above chart in Five Not-Quite-Impossible Things the Market Believes

  1. Inflation is transitory. 

  2. The Fed realizes this in time.

  3. The jobs market cools enough to slow wage rises. 

  4. But not so much it means falling household spending.

  5. So consumer spending rises in real terms. 

In reference to the led chart, Macintosh says "The first assumption is the hardest to believe."

I disagree. The hardest thing to believe is the overall goldilocks scenario and that the current rally makes any sense at all. 

Inflation may easily come down if the Fed tightens too much too fast causing a severe recession. What would that do to corporate profits? 

But assume otherwise, that inflation does not come down more. What would that do to corporate profits? 

While any of the first three points may easily be correct, the combination of all five being correct and that stocks will rise in a goldilocks scenario is what I find hard to believe.

Is the Market Forward Looking?

Goldilocks proponents will tell you that the market is forward looking. 

The market isn't forward looking and never was. It is a coincident indicator of current sentiment, wildly wrong at major turns.

If the market was forward looking, what precisely was it looking forward to at the November 2007 peak with recession starting the next month? 

What was it looking forward to at the 1929 peak, the 1933 bottom, the 2009 bottom or any other top or bottom?

The Fed Will Hike Until It Breaks Something

I believe the eurodollar curve is more likely to be correct than the Fed. When has the Fed gotten much of anything correct?

The eurodollar view has two ways to win. The first is the Fed actually does tame inflation to the degree that it wants.

That's possible in a severe enough recession. And the global picture is easily weak enough for that to happen.

The second way the eurodollar curve might be correct is if the Fed breaks the credit market. 

The Fed would immediately reverse course, regardless of inflation, should that happen. 

Neither a credit event nor strong recession would be good for the stock market.

The least likely thing is that the Fed achieves a goldilocks soft landing. Yet, assume that happens. 

Macintosh says, and I agree, "The bull case that stocks and corporate bonds are pricing requires the combination of low joblessness and wage rises to allow spending to rise faster than inflation even after pandemic savings run out. But not so much faster that it hits capacity constraints and accelerates inflation."

The problem with goldilocks is stocks are priced so much beyond perfection that they may decline anyway. 

Globally Speaking 

  1. China Does Surprise Rate Cut to Help Its Economy, But It Won't Work

  2. German Costs to Ship by Barge are up Twenty Times and May Soon Be Impossible

  3. UK Average Electricity Cost Will Soar to $5,370 Per Year By 2023

  4. US Industries Are Buckling Under Pressure of Surging Electricity Costs

Good luck with goldilocks, especially with the Fed still hiking. 

*  *  *

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Tyler Durden Wed, 08/17/2022 - 09:45

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