Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.
According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and copper zones and test newly discovered mineralization areas.
The program produced 24 samples that have been sent to a local lab for multi-element analyses and fire assays.
"This initial round of exploration has surpassed our expectations with the reporting of visible gold at several sites. The geological team has demonstrated that diligent field work combined with the application of good scientific methodology can be highly productive," Stephen Wilkinson, Falcon's CEO, said in a media brief.
The Esperanza Resources mineral concessions are located about 50 kilometres south-southeast of the town of Chepes. Also known as the ERSA property, the site is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares within the renowned Sierra de Las Minas district, which is reported to host several past producing gold and silver mines.
According to the Vancouver-based miner, the first discovered gold mineralization within the district reportedly occurred within the ERSA IX concession in or about 1865. Limited mining has been conducted on gold, silver and copper zones within the area.