Drill rig at Viking. Source: Falcon Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Falcon Metals (FAL) begins a reverse circulation (RC) drilling program at its Viking gold project in Western Australia
  • Drilling will be undertaken by WA-based contractor Strike Drilling with 1600 metres initially planned
  • Strike arrived at the project last week and began drilling on the weekend with work targeting the down dip and potential down-plunge extensions to the previous intercepts
  • Drilling is planned to take several weeks to complete with results expected within two to three months
  • Falcon has ended the day 2.56 per cent in the green at 20 cents

Falcon Metals (FAL) has begun a reverse circulation (RC) drilling program at its Viking gold project in Western Australia.

Drilling will be undertaken by WA-based contractor Strike Drilling with 1600 metres initially planned.

Strike arrived at the project last week and began drilling on the weekend with work targeting the down dip and potential down-plunge extensions to the previous intercepts.

Previous drilling returned results of five metres at 44.5 grams per tonne (g/t) gold from 50 metres, four metres at 15.4 g/t gold from 40 metres and three metres at 15.3 g/t gold from 28 metres.

Drilling is planned to take several weeks to complete with results expected within two to three months.

“Commencing drilling at the Viking gold project is a significant milestone in the short history of Falcon Metals as a listed entity on the ASX,” Managing Director Tim Markwell said.

“We are also delighted to have Strike Drilling on site undertaking this program as our drilling contractor and are confident this campaign will improve our understanding of the geology at the Viking Project.

“With the program at Viking expected to last several weeks, we look forward to receiving results in the coming months with these initial results to drive future exploration plans.”

Falcon has ended the day 2.56 per cent in the green at 20 cents.

FAL by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index claws back intraweek losses | 26 July, 2024

The ASX200 closed up 0.76% today. Losses from earlier in the week were clawed back with…
A visual representation of e-commerce.

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Several ASX-listed businesses have been gaining ground in the retail sector based on their focus on…
The Market Online Video

ASX Market Update: Mining and Energy stocks lead rising bourse | July 26, 2024

The ASX200 is trading up around 0.87% to just about 7930 points. Materials has been the…