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Falcon Metals Ltd (ASX:FAL)

ALERT: Price-sensitive ASX Announcement for FAL
Current share price for FAL : $0.715 -0.115 (-13.86%)+
Announcement
Release
7 Oct 2025 9:27AM
Price at Release
$0.830
Full Release
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Summary
Falcon Metals Ltd has reported significant results from its sixth wedge hole (BMDD001W6) at the Blue Moon project, with a notable downhole intercept of 6.5 metres at 33.0g/t gold, including high-grade zones of 0.4m at 325g/t gold and 0.5m at 158g/t gold. This result, the widest high-grade intercept to date at Blue Moon, is approximately 55m east of the Garden Gully anticline, enhancing the project's potential for high-grade mineralisation. The drilling, part of a program targeting the eastern limb of the Garden Gully anticline, is ongoing, with more assays pending. Falcon has also received approval for seven additional drill pads, with a second drill rig expected to mobilize soon to further accelerate exploration efforts.
Key Points
  • Sixth wedge hole BMDD001W6 hits 6.5 metres at 33g/t gold.
  • High-grade zones include 0.4m at 325g/t gold and 0.5m at 158g/t gold.
  • Intercept located 55m east of the Garden Gully anticline.
  • Drilling program targets eastern limb of Garden Gully anticline.
  • Ongoing exploration with additional assays pending.
  • Approval for seven additional drill pads at Blue Moon.
  • Second drill rig expected to mobilize soon.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.