Falcon Metals Limited announced that it has commenced drilling at its Pyramid Hill Gold Project, north of Bendigo in Victoria, Australia. The program comprises a two-pronged approach, with both infill target definition drilling and regional prospect generation to be undertaken. Initially one aircore rig is in operation on the regional exploration program, with a second aircore drill rig mobilising to site a few weeks later.

Falcon anticipates recommencing infill drilling at the high-priority Ironbark East prospect in early January 2023 with both rigs. Once the infill programs are completed, both rigs will return to the target generation program, allowing Falcon to refine its search area and focus on higher potential target areas in subsequent drill seasons. Falcon intends to complete a targeted diamond drill program in first quarter of 2023 once results from the infill programs are received.

Falcon's proposed aircore drilling program is likely to be one of the more extensive regional exploration programs by a gold explorer in Victoria, with more than 50,000m of aircore drilling expected in a single season.