Falcon Metals Reports Positive Gold Results at Errabiddy
Key points
- Falcon Metals reports 12m @ 2.8g/t gold from surface at Olsen Well
- Initial assay results highlight potential for high-grade mineralization
- Further drilling planned to define extent and continuity of mineralization
- West Coast Silver retains 100% ownership of adjacent tenements
Full summary
West Coast Silver Limited (ASX: WCE) is pleased to report encouraging initial gold drilling results announced by its joint venture partner Falcon Metals Limited (ASX: FAL) at the Olsen Well prospect, located within WCE's wholly owned Exploration Licence E09/2457 in Western Australia. The first reverse circulation drill hole (OWRC0001) returned 12m @ 2.8g/t gold from surface, including 4m @ 4.7g/t gold. Four additional holes to the west returned low-level gold anomalism, indicating the need for further drilling to determine the orientation and continuity of the mineralization. Falcon has expanded its drilling program to 7,000m to test the mineralized zone along strike and at depth. Assays are pending for a further 30 holes. WCE retains exposure to the Errabiddy Gold Project and holds 100% of the prospective Parrot Bore tenements, which have previously identified gold geochemical anomalism.
Outlook
Falcon Metals plans to continue drilling to better define the extent and scale of the high-grade gold mineralization at Olsen Well. Follow-up drilling will focus on extensions along strike and at depth. WCE will assess the results as they become available and evaluate opportunities for targeted follow-up exploration in its 100% owned tenements.
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