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FALCON ENERGY INC (FCYI)
Current Price: 1.14

Current news for the company

Falcon Energy, Inc. (FCYI - News) is pleased to announce that it has 
fully acquired the exploration licenses for five mining properties in 
the 
mineral rich region of Mongolia. Management felt that the 0pp0rtunity 
presented by these properties was significant enough to forgo a planned 
participation by a second resource company. 

Mongolia has a wide variety of mineral resources. As of 1998, about 88% 
of the country had been geologically mapped but only 20% of the 
country's landmass had been licensed for exploration and exploitation.

Falcon Energy's interest in the region is driven in part by the 
anticipation of deploying modern prospecting methods to an area that 
abounds 
in both base and precious metals. Exploitable mineral resources found 
in 
the area in which the licenses are held include: Gold, base metals such 
as Copper, Molybdenum, Lead and Zinc as well as Fluorite and Uranium. 


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