Blue Moon Drilling Hits 0.8m at 86.2g/t Gold, Extending Lotus Zone 280m
Falcon Metals has successfully extended the high-grade Lotus Zone at its Blue Moon Gold Project by 80 metres, intersecting visible gold in all three drilled sections over a 280-metre strike length. Ongoing drilling continues to reveal multiple stacked Bendigo-style gold zones, underscoring significant exploration potential.
- Lotus Zone extended 80m with visible gold intersected in three drill sections
- Three stacked high-grade zones identified – Morning Glory, Lotus, Dahlia
- Latest drill hole BMDD004W1 hits 0.8m at 86.2g/t gold including 0.4m at 167g/t
- Drilling ongoing with two rigs; third rig planned to test New Chum reef line
- Results validate geological models and suggest large-scale resource potential
Extending the Lotus Zone
Falcon Metals Limited (ASX, FAL) has reported a significant extension of the high-grade Lotus Zone at its 100%-owned Blue Moon Gold Project in Victoria. The latest wedge hole, BMDD004W1, intersected 0.8 metres grading 86.2 grams per tonne (g/t) gold from 635 metres downhole, including a remarkable 0.4 metres at 167 g/t gold. This intercept lies approximately 80 metres north along strike from previous high-grade results, confirming the continuity of the mineralised structure.
Visible gold was observed in quartz carbonate veins across all three drilled sections of the Lotus Zone, which now spans a strike length of 280 metres and remains open for further extension. These findings reinforce Falcon’s geological interpretation of the Garden Gully anticline as a prolific host for Bendigo-style gold mineralisation.
Multiple Stacked High-Grade Zones
Blue Moon hosts three distinct, stacked high-grade gold zones plunging gently northwards at varying depths, the shallow Morning Glory Zone (~30-40m), the mid-depth Lotus Zone (~500-700m), and the deeper Dahlia Zone (~750-900m). Recent drilling has confirmed the Dahlia Zone over a 200-metre strike length, with assays including 3.0 metres at 6.5 g/t gold from 837.1 metres, featuring higher-grade sub-intervals.
Drilling continues aggressively with two diamond rigs targeting step-out holes along strike and down-dip, focusing on both the Lotus and Dahlia Zones. A third rig is planned to commence stratigraphic drilling to test the New Chum line of reef, a historically prolific gold-bearing structure that produced 3.8 million ounces at 15 g/t gold.
Validating Geological Models and Future Potential
Falcon’s Managing Director Tim Markwell highlighted that the new results validate the company’s geological models and step-out drilling strategy. The consistent intersection of high-grade mineralisation where predicted increases confidence that the Garden Gully line of reef extends through Falcon’s tenement, potentially connecting to the historically productive Bendigo Goldfield.
With visible gold occurrences and high-grade assays confirming multiple stacked zones, Falcon is well positioned to demonstrate the scale potential of Blue Moon. The company’s methodical approach, focusing on quartz veins with confirmed visible gold rather than solely assay results, aims to mitigate the nugget effect and grade variability typical of coarse gold deposits.
Next Steps in Exploration
Ongoing drilling will continue to test extensions of the Lotus and Dahlia Zones with additional wedge holes and step-outs planned. Shallow drilling targeting the Morning Glory Zone is also scheduled to commence shortly. Meanwhile, preparations for deploying a third diamond rig to explore the New Chum reef line are underway, potentially unlocking further high-grade targets within the Blue Moon permit.
Falcon’s extensive review of historical data combined with modern drilling techniques is progressively revealing the northern extension of the world-class Bendigo Goldfield. The Blue Moon Project’s proximity to major gold operations like Fosterville and Agnico Eagle’s Swan Zone adds strategic value to these exploration advances.
Bottom Line?
Falcon Metals’ expanding high-grade zones at Blue Moon signal a compelling exploration story, with ongoing drilling poised to unlock further value along the Bendigo Goldfield extension.
Questions in the middle?
- How will upcoming assay results from Dahlia Zone wedges influence resource estimates?
- What impact will the third diamond rig have on accelerating exploration progress?
- Could Blue Moon’s extensions materially increase Falcon’s resource base and attract strategic partnerships?
