Falcon Metals Hits 12m @ 2.8g/t Gold at Errabiddy
Key points
- First hole at Olsen Well intersects 12m @ 2.8g/t gold from surface
- Confirms high-grade bedrock source to soil and rock-chip anomaly
- Drilling program expanded to 7,000 metres
- Assays pending for additional 30 holes
Full summary
Falcon Metals Limited has announced assay results from the first five reverse circulation drill holes at Olsen Well, a large greenfield prospect within the Errabiddy Gold Project in Western Australia. The first hole, OWRC0001, intersected 12 metres @ 2.8g/t gold from surface, including 4 metres @ 4.7g/t gold from surface. This confirms a high-grade bedrock source to the previously defined extensive soil and rock-chip gold anomaly, which extends over 5.8 kilometres of strike. The remaining four holes, which tested the broader soil anomaly 200-400m west of OWRC0001, returned low-level anomalism, with additional drilling planned to adequately test this area. Drilling is currently focused on defining the extent of the mineralised structure with the program expanded to 7,000 metres. Assays are pending for a further 30 completed holes.
Outlook
Falcon Metals plans to continue drilling to better define the extent of the mineralisation and evaluate its broader scale potential.
Summary generated by a large language model. Please interpret with care.