Falcon Metals is uncovering what could be one of the most significant early-stage gold targets north of the historic 22-million-ounce Bendigo Goldfield in Victoria.
New drilling at the Blue Moon project has intersected unusually wide zones of mineralised quartz, including visible gold, offering a glimpse of reefs that could rival the scale of those in the region’s historic mines.
The latest wedge holes from the project’s first parent drill have confirmed the persistence and thickness of the quartz veins, with some intercepts containing visible gold.
“The results from BMDD001W6 and BMDD001W7 have defined a significant zone of mineralised quartz veining,” Falcon Metals managing director Tim Markwell said.
“These large mineralised structures are the primary target during this initial phase of drilling at Blue Moon, and this is the widest zone we have intersected to date. Seeing visible gold in both holes is very encouraging.”
The drilling program, the first ever at Blue Moon, is continuing around the clock, with two diamond rigs testing strike extensions and the geometry of the reefs. After encountering technical issues in one hole, Falcon has optimised the orientation of its next drill to target deeper zones, with results pending.
What makes Blue Moon intriguing is not just the grades but the scale and continuity of the quartz structures. Unlike many modern gold targets, these reefs could host “nuggetty” Bendigo-style gold, where small high-grade pockets sit within broader zones, a hallmark of some of Australia’s most famous historic mines.
As Falcon continues to step out along the Garden Gully anticline, the company is aiming to map these potential reefs at depth and along strike, offering a fresh perspective on what could be a substantial addition to the Bendigo gold story.
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