Announcement Date: 2023-02-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Falcon Metals Ltd.
Project name: Pyramid Hill
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 32m at 0.52g/t Au from 100m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Falcon Metals Limited (ASX: FAL) (“Falcon” or “the Company”) provides the following exploration update for its Pyramid Hill Gold Project (“Pyramid Hill”) located north of Bendigo in Victoria and the Viking Gold Project (“Viking”) situated 30km southeast of Norseman in Western Australia. At Pyramid Hill, Falcon has identified a new zone of mineralisation at Ironbark Central with primary mineralisation intersected in drill hole PHAC1070 returning 4m @ 3.03g/t Au from 100m within a broader 32m zone from 100m to the end of hole. Ironbark Central is a new diorite interpreted during the drone magnetic survey Falcon conducted late in 2022. The confirmation of primary mineralisation makes this a priority target for infill aircore drilling which is expected to be completed during February 2023. An additional phase of infill drilling has also been completed at Ironbark East, with 57 aircore holes for 5,245m drilled following up on the high-grade intercept in previously announced aircore hole PHAC1030 which returned 40m @ 2.8g/t Au from 50m, including several 1m metre intercepts above 10g/t Au (refer to ASX Announcement dated 15 July 2022). Results from the Ironbark East infill drilling are anticipated in February 2023.
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