- Falcon Metals (FAL) shares are soaring higher after intersecting high-grade gold from aircore drilling at its Pyramid Hill gold project in Victoria
- The company reports the final assays from its diamond and aircore drilling undertaken at the Karri and Ironbark prospects
- One hole aircore hole at Ironbark East intersected 40 metres at 2.81 grams per tonne gold from 50 metres
- The company plans to further assess the results to map out future plans
- Shares are jumping 37.8 per cent higher today to 25.5 cents each at 10:58 am AEST
Falcon Metals (FAL) shares soared higher after it intersected high-grade gold from aircore drilling at its Pyramid Hill gold project in Victoria.
The company reported the final assays from diamond and aircore drilling undertaken at the Karri and Ironbark prospects.
One of the best results came from aircore hole PHAC1030 within Ironbark East which intersected 40 metres at 2.81 grams per tonne (g/t) gold from 50 metres.
The drill program completed a total of 10 diamond drill holes and 37 aircore holes.
The results confirmed gold mineralisation within the diorites at Ironbark and further defined prospective zones.
Meanwhile, results from Karri extended the zone of primary mineralisation.
Looking ahead, the company has planned to conduct a detailed assessment of the results to map out further plans.
Drilling is expected to recommence in October with Falcon working to secure a drilling contractor for an extensive regional program.
Shares jumped 37.8 per cent higher today to 25.5 cents each at 10:58 am AEST.