Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Falcon Metals Ltd.
Project name: Viking
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 6m at 5.11g/t Au from 141m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Falcon Metals Limited (ASX: FAL) (“Falcon” or “the Company”) advises that it has now received assays for its first reverse circulation (RC) drilling program comprising 10 holes for 1,691m at the Company’s Viking Gold Project (“Viking”) in Western Australia. Viking is located 30km southeast of Norseman in the Northern Foreland of the Albany Fraser Province (see Figure 1), where historical drilling programs intersected numerous high-grade shallow intercepts in the oxide zone, with limited follow-up drilling. Drilling tested for primary mineralisation down-dip to the oxide zone intercepts at the Beaker 1 and Beaker 2 Prospects, with high-grade results intersected in multiple holes with grades up to 28.5g/t in shallowly dipping mineralised shear zones up to 6 metres wide. The structures are open along strike and down plunge at both prospects. There are also indications of a potential new target zone to the northeast of Beaker 2 where deeper cover precluded effective testing by previous exploration. A diamond drilling program is set to commence in December to further test the extent of the mineralised structures at Viking.
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