Falcon Metals’ Blue Moon Drilling Could Unlock New Risks and Rewards in Bendigo Goldfield
Falcon Metals has initiated diamond drilling at the Blue Moon target, aiming to unlock extensions of the historically rich Garden Gully anticline near Bendigo. Results expected by August 2025 could reshape exploration prospects in Victoria’s prolific gold belt.
- Diamond drilling commenced on exploration licence EL007839 north of Bendigo Goldfield
- Targeting untested northern down-plunge extension of Garden Gully anticline trend
- Initial hole planned to reach 850m with potential for deeper or additional drilling
- All regulatory approvals secured including Traditional Owner consultation
- Company holds $8.3 million cash to fund ongoing exploration
Exploration Kicks Off at Blue Moon
Falcon Metals Limited has taken a significant step forward in its gold exploration efforts by commencing diamond drilling at the Blue Moon target, situated on exploration licence EL007839 just north of the renowned Bendigo Goldfield in Victoria. This initiative marks the first time the northern down-plunge extension of the Garden Gully anticline trend, a historically prolific gold-bearing structure, has been tested in this area.
Tapping into a Historic Gold Producer
The Garden Gully anticline has a storied legacy, having produced an estimated 5.2 million ounces of gold at an impressive grade of 15 grams per tonne in its historically mined sections. Falcon’s drilling program aims to confirm the presence of the prospective stratigraphy and laminated quartz veins, known as leg reefs, which have been key to past high-grade production. The initial hole is planned to reach a depth of 850 metres, with flexibility to deepen or add wedge holes depending on early findings.
Balancing Progress with Responsibility
Falcon has secured all necessary approvals to proceed, including adherence to the Victorian Government’s low-impact exploration guidelines and consultation with the Dja Dja Wurrung Traditional Owners. The company has engaged Deepcore Drilling, which is utilising a portable acoustic enclosure to minimise noise and visual disturbance, reflecting a commitment to responsible exploration practices.
Well-Funded for the Journey Ahead
With $8.3 million in cash as of March 2025, Falcon is well-positioned to sustain its high-impact exploration strategy. The drilling is expected to take approximately six weeks, with initial results anticipated in August 2025. These results will be closely watched by investors and industry observers eager to see if the Blue Moon target can deliver new discoveries in one of Australia’s most celebrated gold regions.
Bottom Line?
As Falcon Metals drills deeper into the Blue Moon target, the coming months could redefine the next chapter of gold exploration near Bendigo.
Questions in the middle?
- Will the initial drilling confirm the presence of high-grade gold-bearing structures at Blue Moon?
- Could successful results lead to an expanded drilling program or resource upgrade?
- How might Falcon’s exploration progress influence investor sentiment and regional gold exploration activity?
