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Goldman New visible gold zone intersected; second drill rig mobilising in October
Falcon Metals Limited (ASX:FAL) has reported final assay results for wedge holes BMDD001W2 and BMDD001W3 at the Blue Moon prospect, located within its Bendigo Goldfield tenure.
Among the standout intercepts from the latest drilling:
- BMDD001W3: 0.3m @ 185 g/t Au from 773.0m
- BMDD001W3: 1.1m @ 6.0 g/t Au from 679.9m
- BMDD001W3: 0.8m @ 4.1 g/t Au from 557.8m
- BMDD001W2: 1.0m @ 4.6 g/t Au from 446.0m
In total, high-grade visible gold has now been intersected in four distinct zones from the first section at Blue Moon. This includes a previously reported intercept of 1.2m @ 543 g/t Au from 544.2m depth in BMDD001W1, confirming continuity of reef-style mineralisation historically mined to the south at the Garden Gully Anticline (~5.2Moz @ 15 g/t Au).
Drilling is ongoing, with BMDD001W4 completed and BMDD001W5 currently in progress. All assays for these holes are pending.
A second diamond drill rig has been secured to continue testing the high-grade zone. Subject to approvals, it is expected to mobilise to site in October 2025.
Falcon Metals’ Managing Director Tim Markwell said:
The drilling at Blue Moon has now hit multiple zones of high-grade with visible gold, providing us with confidence to secure a second diamond drill rig, which we expect to begin drilling in October. This will enable Falcon to rapidly test the Garden Gully line, with the objective of confirming that high-grade mineralisation continues further to the north where Falcon has several kilometres of strike extent to explore. We look forward to providing more frequent updates from Blue Moon once the second drill rig is up and running.
