Falcon Metals has reported compelling high-grade gold assay results from its Blue Moon drilling program near the historic Bendigo Goldfield, revealing wide mineralised quartz zones and visible gold that underscore the project's potential.
- 6.5m @ 33.0g/t Au and 3.4m @ 16.9g/t Au intercepts in BMDD001W6
- BMDD001W7 reveals widest mineralised quartz zone to date with multiple gold intercepts
- Visible gold confirmed in multiple wedge holes, supporting high-grade reef potential
- Step-out drilling underway with two rigs targeting extensions along Garden Gully anticline
- Pending assays and further wedge drilling to refine reef geometry and strike extent
Exploration Breakthrough at Blue Moon
Falcon Metals Limited (ASX, FAL) has released final assay results from its recent wedge drilling campaign at the Blue Moon gold prospect, located just north of the historic 22 million ounce Bendigo Goldfield in Victoria. The results confirm the presence of significant mineralised quartz reefs with high-grade gold intercepts, including a standout 6.5 metres grading 33.0 grams per tonne (g/t) gold in wedge hole BMDD001W6.
These latest assays build on earlier promising results and reveal a complex system of quartz veining and sulphide mineralisation consistent with the prolific Bendigo-style gold deposits. Visible gold was observed in multiple holes, a positive indicator given the notoriously nuggetty nature of gold in this region.
Widening Zones and Structural Insights
Notably, BMDD001W7 intersected the widest zone of mineralised quartz veining seen at Blue Moon to date, spanning a 30-metre downhole interval with several gold intercepts, including 1.2m at 8.0g/t Au. This broad zone, coupled with the high-grade hits in BMDD001W6, suggests the potential for a substantial quartz reef system of scale, analogous to historically mined reefs in the Bendigo Goldfield.
The drilling program has also refined the understanding of the Garden Gully anticline’s structural setting, a key control on mineralisation. The accurate location of the anticline hinge has allowed Falcon to optimise drill hole orientations, improving targeting precision for subsequent wedge and step-out holes.
Ongoing Drilling and Future Targets
Drilling continues with two diamond rigs operating around the clock. The first rig is progressing wedge hole BMDD001W10 to test the mineralised structure further west, while the second rig has commenced a new parent hole, BMDD003, with an optimized orientation to better test the target zone near the anticline hinge. Step-out drilling is planned to extend the strike length of the mineralised zones, with a 400-metre step-out hole from BMDD001 and a 200-metre step-out from BMDD003 in the pipeline.
Falcon is also reviewing parallel reef lines within its Blue Moon tenement, including extensions of the New Chum and Hustlers reef systems, which could provide multiple additional targets for exploration.
Strategic Significance
Blue Moon represents a compelling exploration opportunity as the down-plunge northern extension of the Garden Gully anticline, a structure that historically produced over 5 million ounces of gold at attractive grades. Falcon’s systematic drilling and structural interpretation are unlocking new insights into this underexplored area, potentially setting the stage for a significant resource discovery.
Managing Director Tim Markwell highlighted the encouraging nature of the visible gold and high-grade intercepts, emphasizing the priority placed on understanding the geometry of these quartz reefs to guide accelerated step-out drilling along the Garden Gully line of reef.
Bottom Line?
Falcon Metals’ Blue Moon drilling is shaping up as a high-priority gold discovery campaign with structural clarity and high-grade zones driving the next phase of exploration.
Questions in the middle?
- What will the pending assay results from BMDD002 and BMDD002W1 reveal about the hinge zone mineralisation?
- How will the new orientation of BMDD003 influence the targeting and success of future wedge holes?
- Can Falcon extend the mineralised quartz reefs significantly along strike to justify a resource upgrade?