Falcon Metals Limited commenced diamond drilling at the Ironbark East Prospect at the Company's Pyramid Hill Gold Project, located 40km northwest of Bendigo in Victoria, Australia. The planned diamond drilling is following up on the results of a 57-hole aircore program at Ironbark East that included multiple gold intercepts within weathered diorite that are associated with quartz veining, arsenopyrite and pyrite. These results appear to be aligned along a NNW-SSE trend that crosscuts the Ironbark East diorite, with high-grade results over 400m strike length along this trend. Follow-up aircore drilling has been completed testing
for strike extensions to this zone with results expected in March 2023. Initially the diamond drilling will be focused on Ironbark East and is expected to continue over the remainder of the field season, subject to results. Diamond drilling is also expected at Ironbark North with finalisation of the program awaiting results from infill aircore drilling. Following completion of the aircore drilling at Ironbark, the two aircore rigs have mobilised to the Wandoo Prospect, located approximately 20km west of Bendigo.
Victorian-based contractor Deepcore Drilling was appointed to undertake the diamond drilling campaign.