Falcon Metals is flying high on positive final assay results for all diamond and aircore holes at the Karri and Ironbark prospects in the Pyramid Hill Gold Project, located north of Bendigo in Victoria.
Falcon drilled a total of eight diamond holes at Karri, one diamond hole each at Ironbark North and East, and 37 aircore holes to blade refusal at Ironbark East.
Falcon Metals managing director Tim Markwell said results from the drilling were highly encouraging, confirming primary gold mineralisation within the diorites at both Ironbark North and East.
“The aircore results at lronbark East have helped further define the prospective zone and provide additional encouragement that diorites within the Bendigo Zone are a valid exploration target,” he said.
“The results at Karri have further extended the zone of primary mineralisation intersected by diamond drilling with grades greater than 1 gram per tonne gold now identified over a strike length of 2.5 kilometres.”
The next step for Pyramid Hill is a detailed assessment of these results and finalisation of the forward work plan. Drilling is expected to recommence in October 2022, with Falcon at the advanced stages of securing a quality drilling contractor for an extensive regional program to screen its substantial prospective land holding for large scale and high-grade gold systems.
“The results are indicative of the quality of our ground position and targets, and the potential of the Bendigo Zone to host high-grade gold mineralisation. Being in the fortunate position of having a strong cash balance, we look forward to completing an assessment of these encouraging results and planning for a major work program in the coming months,” Markwell said.