Falcon Metals Limited (ASX: FAL) has intersected bedrock gold mineralized zones in Air Core drilling over a strike length of >400m at Ironbark East Prospect located in the company’s Pyramid Hill Gold Project, 40km northwest of Bendigo in Victoria, Australia.
This programme was focused on infilling the results received in last year’s drill programme, where Falcon announced a high-grade intercept in Air Core hole PHAC1030 of 40m @2.8g/t Au from 50m, which included several one metre intercepts above 10g/t Au.
Highlights from the current Air Core results include multiple gold intercepts within weathered diorite that are associated with quartz veining, arsenopyrite and pyrite. These higher-grade results appear to be aligned along a NNW-SSE trend that crosscuts the diorite, with high-grade results over 400m strike length along this trend.
Planning of a diamond drill programme is currently being finalized and is expected to commence in February 2023 at Ironbark East.
Air Core drilling remains ongoing, with two rigs active at Ironbark East testing the strike extent of the mineralized trend before they move to the Wandoo Prospect.
“Intersecting high-grade mineralization at Ironbark East over a 400m strike length is a great result and provides us with encouragement ahead of the commencement of our diamond drilling program later this month,” Managing Director, Tim Markwell, said.
“We are thrilled that we have achieved this key objective of the Air Core drilling at the prospect following on from the drill result from the 2022 program. The results at Ironbark confirm the potential of diorite to host economic zones of mineralization, especially with the intersection of a new zone at Ironbark Central announced earlier this month.
“Our success to date gives us the confidence to further ramp up our activity at Pyramid Hill and we look forward to putting out more updates over coming weeks.”
For further information please visit: https://www.falconmetals.com.au/
