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Falcon Metals has made an encouraging start at its Olsen Well prospect in Western Australia, intersecting gold mineralisation from surface in its first drill hole and expanding its exploration program to 7000m.
The maiden reverse circulation (RC) drill hole, OWRC0001, returned 12m at 2.8 grams per tonne (g/t) gold from surface, including a higher-grade interval of 4m at 4.7g/t gold.
The result marks what Falcon said was an encouraging start to drilling at the Errabiddy gold project, confirming bedrock gold mineralisation beneath a previously identified 5.8km-long gold-in-soil anomaly.
Falcon Metals managing director Tim Markwell welcomed the discovery, which has strengthened the company’s confidence in the prospect’s potential.
“Intersecting 12 metres at 2.8g/t gold from surface in the first hole drilled at Olsen Well is an exciting start to the program at Errabiddy,” Markwell said.
“The result confirms that the strong surface geochemical anomaly reflects bedrock gold mineralisation and provides confidence in the prospectivity of the target.”
The drilling program is targeting a central 2.5km section of the broader soil anomaly, where gold-in-soil values exceed 25 parts per billion (ppb), including areas returning more than 1g/t gold.
Hole OWRC0001 was positioned at the highest-grade portion of the anomaly, coinciding with a 30m-wide zone of anomalous bedrock where previous rock-chip sampling returned grades of up to 6.4g/t gold.
The mineralised interval was intersected in oxidised biotite-quartz-feldspar gneiss containing minor quartz veining, with low-level gold anomalism continuing below the main intercept.
While the first hole delivered promising results, four additional wide-spaced holes drilled between 200m and 400m west of the first returned no significant gold intercepts.
However, Falcon identified low-level anomalism in these holes and plans further drilling to better understand the orientation, continuity and potential extent of mineralisation.
The company has completed 35 RC holes totalling 4556m, with assays received for the first five and results pending for another 30.
Following the initial discovery, Falcon has expanded its drilling campaign to 7000m, allowing additional testing along strike and at depth around OWRC0001.
“With drilling continuing and additional assays pending for a further 30 holes at this stage, we are now focused on understanding the geometry of the mineralisation and evaluating its broader scale potential,” Markwell said.
The Errabiddy project lies along the Errabiddy Shear Zone, a major geological structure separating the Yilgarn Craton from the Glenburgh Terrane.
Located approximately 35km southeast of Benz Mining’s Glenburgh gold project, Olsen Well forms part of Falcon’s broader exploration strategy targeting gold mineralisation along prospective craton margins.
Falcon can earn a 70 per cent interest in the relevant exploration tenement from West Coast Silver, excluding graphite rights, as it continues to evaluate the project’s gold potential.
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