Drilling is expected to continue throughout Q1 2025 at Falcon Metals’ (ASX:FAL) Pyramid Hill Project with all results expected in the first half of next year.
Falcon expects to complete an initial phase of about 20,000m of aircore drilling throughout Q1 with the potential for follow-up drill programs dependent on results.
Pyramid Hill is prospective for gold and mineral sands and is located near Bendigo in Victoria, Australia.
In May 2024 Falcon announced the discovery of the ‘high-grade’ Farrelly Mineral Sands deposit, 12km south of the town of Boort.
Falcon has completed a review of its large tenement holding in this region of the prospective Murray Basin and has planned a program of regional reconnaissance aircore drilling which will focus on the discovery of Farrelly-style mineral sands deposits.
This drilling will be conducted on roadsides, with results anticipated in H1 2025. Falcon continues to seek access to conduct further low-impact exploration drilling on private land to test the extent of the high-grade discovery at the Farrelly Mineral Sands deposit.
Gold follow-up drilling continues at Pyramid Hill with the focus on several areas that delivered anomalous results in the company’s previous drilling season.
Priority targets include the Eddington, Loddon Vale, Pyramid Hill and Mead prospects.
Falcon will also carry out further regional screening to generate new targets, in addition to a program of re-drills at Ironbark and Pyramid Hill, where select holes in previous campaigns failed to reach target depth.
Write to Adam Orlando at Mining.com.au
Images: Falcon
