Falcon Metals is hot on the trail of Bendigo’s famed Garden Gully reef, intersecting high-grade gold 200m beyond its previous drilling at the Blue Moon project.
Prioritised assays from diamond hole BMDD003 have returned 2.75m at 41.9 grams per tonne (g/t) gold from 605.3m, including an outstanding 0.5m at 222g/t gold, within quartz-carbonate veins hosting visible gold.
The intercept sits approximately 200m north along strike from Falcon’s first deep intersection, highlighting strong geological continuity across the project area.
The new result is interpreted to lie in the same stratigraphic position as BMDD001W1, which previously delivered 1.2m at 543g/t gold from 544.2m. Geological modelling indicates the zone plunges gently northward, a prediction now supported by drilling, with the mineralised structure remaining open further along strike.
“These initial prioritised results from BMDD003 have validated our 200m step-out from the high-grade intercepts encountered on our first section on the prolific Garden Gully anticline,” Falcon Metals managing director Tim Markwell said.
“The most encouraging aspect of this new result is that the mineralised zone was intersected where it was predicted by the Falcon team, based on the geological interpretation of stratigraphy and plunge from the first line of drilling.”
Drilling continues with two diamond rigs. BMDD003 is advancing toward a planned depth of about 900m, while a follow-up hole, BMDD004, is testing the same target position a further 200m to the north.
“This increases our confidence going forward that the established along-strike continuity in the 10km of mining at the 5.2-million-ounce Garden Gully line of reef to the south of our tenement continues through the Falcon permit,” Markwell said.
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