Copper, Exploration/Development, News, Nickel

Falcon Metals eyes new prey at Mt Jackson

BHP Anglo American, falcon metals, copper

Falcon Metals has identified multiple new nickel-copper targets at its Mt Jackson project in Western Australia.

These targeted conductors coincide with nickel, copper, and platinum group element soil anomalies associated with interpreted ultramafic rocks, which Falcon Metals says further enhances their prospectivity.

Mt Jackson is located at the convergence of the Southern Cross greenstone belt and the regional-scale Koolyanobbing shear zone at the northern end of the belt.

The Southern Cross greenstone belt is a well-endowed mineral province and has historically produced roughly 384,000 tonnes of nickel from the Forrestania greenstone belt, the southern extension of the Southern Cross greenstone belt, and more than 15 million ounces of gold.

A drilling campaign is scheduled for the fourth quarter of the year.

Falcon Metals is also progressing the Pyramid Hill project in Victoria. The company is targeting a Tier 1-scale discovery with its greenfield exploration program, which commenced in 2018.

More than 2000 drill holes have been completed to date, outlining multiple high-priority targets.

The ‘Gold Undercover’ initiative by the Victorian Government in 2006–2009 estimated a potential 32 million ounces of undiscovered gold beneath Murray Basin cover in the Bendigo Zone.

Agnico Eagle’s Fosterville mine is a prime example of this prospectivity, with operations producing almost 288,000 ounces of gold in 2023.

However, the vast majority of the region outlined by the Victorian Government remains sparsely explored.

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