Falcon Metals (ASX:FAL) received partial results from the first diamond drilling hole at the Blue Moon prospect at the Pyramid Hills projects in Victoria, intersecting several narrow high-grade gold-bearing quartz lodes, according to a Thursday Australian bourse filing.
The company reported intersects of 2.2 meters at 6.5 grams per tonne (g/t) grade of gold from 41.2 meters, as well as 2.4 meters at 8.4 g/t grade of gold from 600 meters, the filing said. Visible gold was observed at 600.2 meters in a bedded quartz-carbonate vein.
The first wedge hole has been started in the area, targeting possible wider zones of gold mineralization, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.