The company may plan for a "greatly expanded drill program" in 2020.

Some pension funds are now bowing to pressure from the divestment movement and shedding at least some of their oil and gas investments. So are insurance companies.

Shares of Falcon Gold surged over 14% during Monday's trading session.

Elsewhere, the company completed a 1,096-line km airborne vertical time domain survey at the Wales Lake property.

Having refined the location of the porphyry target, an aggressive drilling program is being planned for next year.

Sirios Resources has completed a private placement for aggregate gross proceeds of C$1.48 million.