Infill target definition drilling and regional prospect generation will be completed, with an AC rig commencing a regional exploration program before another AC rig mobilises to site a few weeks later.
Falcon will recommence infill drilling its Ironbark East prospect with both rigs in early January. Previous AC drilling at Ironbark East returned wide zones of high-grade gold, such as 40m at 2.81 grams per tonne (g/t) gold from 50m, including 26m at 4.2g/t gold from drill hole PHAC1030.
Further target generation drilling will follow, allowing the company to further refine its search area and focus on higher potential target areas in subsequent drill seasons.
Once Falcon has received results from its infill program, the company intends to complete a targeted diamond drill program at Pyramid Hill in the first quarter of 2023.
The AC drill program, which will extend at least five months and cover more than 50,000m, is one of the more extensive regional exploration programs by a Victorian gold explorer.
“The magnitude of the proposed program potentially makes this one of the larger aircore drilling programs undertaken in Victoria,” Falcon Metals managing director Tim Markwell said.
“This is made possible by the scale and quality of Falcon’s strategic ground position in the Bendigo Zone, as well as the strong financial position of the company.
“We are especially excited by the infill drilling at Ironbark East and Wandoo, plus there are high expectations of new priority prospects being generated by our regional program.”
The drill program will also include infill AC drilling at the Wandoo, Karri and Banksia prospects, with results to be progressively released over the course of the drill program.