Falcon Metals Limited (ASX: FAL) has commenced diamond drilling at the Ironbark East Prospect at the Company’s Pyramid Hill Gold Project, located 40km northwest of Bendigo in Victoria, Australia.
The planned diamond drilling is following up on the results of a 57-hole Air Core programme at Ironbark East that included multiple gold intercepts within weathered diorite that are associated with quartz veining, arsenopyrite and pyrite.
These results appear to be aligned along a NNW-SSE trend that crosscuts the Ironbark East diorite, with high-grade results over 400m strike length along this trend. Follow-up Air Core drilling has been completed testing for strike extensions to this zone with results expected in March 2023.
Initially the diamond drilling will be focused on Ironbark East and is expected to continue over the remainder of the field season, subject to results. Diamond drilling is also expected at Ironbark North with finalization of the programme awaiting results from infill Air Core drilling.
Following completion of the Air Core drilling at Ironbark, the two Air Core rigs have mobilized to the Wandoo Prospect, located approximately 20km west of Bendigo.
Victorian-based contractor Deepcore Drilling was appointed to undertake the diamond drilling campaign.
“The definition of bedrock mineralization over 400m in strike extent at Ironbark East is a great result and gives us confidence to fast track our diamond drilling programme,” Managing Director, Tim Markwell, said.
“There are a number of assays awaited from infill Air Core drilling at the Ironbark prospects and these results may influence the diamond drilling programme throughout the course of the field season.
“We are also excited to be commencing Air Core drilling at the Wandoo Prospect which, being only 20km west of the historic Bendigo Goldfield, is a high-priority target for Falcon.”
For further information please visit: https://www.falconmetals.com.au/