Falcon Metals Limited (ASX: FAL), a company focused on gold exploration in Victoria, has announced a significant high-grade gold intersection at its Blue Moon prospect, located north of the Bendigo Goldfield. The first wedge hole drilled at Blue Moon hit a laminated quartz vein containing visible gold, returning an exceptional result of 1.2 metres at 543 grams per tonne (g/t) gold from 544.2 metres depth. This includes sub-intervals of 0.6m @ 557 g/t Au and 0.6m @ 529 g/t Au.
The mineralised zone is situated 5 metres up-dip from target T552, a bedding-parallel quartz vein identified in the parent hole. According to Falcon Metals, assays from this zone were expedited due to the abundance of visible gold observed in the core. Managing Director Tim Markwell expressed excitement about the results, stating that it demonstrates the untapped potential of the Bendigo Goldfield as it extends northwards through Falcon’s ground.
The company also reported that the first wedge hole is still in progress, with a planned depth of approximately 670 metres. Further assay results from remaining samples of both the parent hole and the first wedge hole are expected later in July. Planning is underway for additional wedge holes targeting zones closer to the fold hinge, where historically wider zones of mineralisation have been found in Bendigo.
Falcon Metals anticipates further drilling to test the mineralised veins closer to the Garden Gully Anticline hinge position. The Blue Moon prospect represents the northerly down-plunge extension of the Garden Gully Anticline, a target developed from historical Bendigo workings and field mapping.
