6.5m at 33g/t Gold Marks Falcon’s Biggest Intercept at Blue Moon

A Breakthrough at Blue Moon

Falcon Metals Limited has announced a breakthrough in its ongoing exploration at the Blue Moon gold project, located just north of the historic Bendigo Goldfield in Victoria. The company’s sixth wedge hole, BMDD001W6, has yielded the widest high-grade gold intercept recorded so far in the program – 6.5 metres grading 33 grams per tonne (g/t) gold, including spectacular narrower zones of 0.4m at 325g/t and 0.5m at 158g/t. Visible gold was observed within quartz veins, underscoring the exceptional nature of this find.

Expanding the Known Mineralisation Footprint

This intercept is particularly notable for its location approximately 55 metres east of the Garden Gully anticline hinge, a key structural feature that has historically hosted significant mineralisation. The discovery extends the potential high-grade target zone well into the eastern limb of the anticline, suggesting that the mineralised system may be more extensive than previously understood. Falcon’s drilling to date has focused on unraveling the complex geology of this fold structure, and these results validate the strategy of targeting subsidiary folds and associated veins beyond the main hinge zone.

Accelerating Exploration with New Drill Pads and Rig

In response to these encouraging results, Falcon has secured approval for seven additional drill pads spanning more than two kilometres of strike length at Blue Moon. This expansion will enable a systematic step-out drilling campaign designed to test the continuity and extent of mineralisation along strike. A second diamond drill rig is expected to mobilise to site shortly, which will significantly accelerate the pace of exploration and allow for multiple holes and wedges to be drilled concurrently.

Context Within the Bendigo Goldfield

Blue Moon represents the down-plunge northern extension of the prolific Garden Gully anticline, a structure that has historically produced over 5 million ounces of gold at an average grade of 15g/t. Falcon’s work is the first modern exploration effort in this area, leveraging detailed 3D geological reconstructions and historical data to identify promising targets. The recent high-grade intercepts, including visible gold, reinforce the prospectivity of Blue Moon as a potential new source of high-grade gold mineralisation within the broader Bendigo Goldfield region.

Next Steps and Outlook

Drilling is ongoing at BMDD001W6, with assays pending for the remainder of this hole and the previous wedge hole BMDD001W5. Falcon plans to drill an additional wedge hole between the parent hole and BMDD001W6 to better understand the continuity of mineralisation. The company is also preparing to test a one-kilometre strike length northwards along the eastern limb, with the potential to extend further if results remain positive. These developments position Falcon Metals to rapidly advance its understanding of Blue Moon’s gold system and potentially delineate a significant resource in the near term.