General News
30 January, 2023
New explorer checks ground
NEW gold exploration company Falcon Metals has launched a large-scale aircore drilling program at its Pyramid Hill Gold Project with samples being taken near Serpentine over the past month. The Melbourne-based company has picked up exploration...
NEW gold exploration company Falcon Metals has launched a large-scale aircore drilling program at its Pyramid Hill Gold Project with samples being taken near Serpentine over the past month.
The Melbourne-based company has picked up exploration territory from Chalice Mining Ltd after that company opted to concentrate on its nickel-copper PGM project in Western Australia.
The Pyramid Hill project area that stretches north from Bendigo had been a key asset for Chalice Mining in Victoria since 2018.
Falcon managing director Tim Markwell said the current aircore drilling program was likely to be one of the most extensive regional exploration programs by a gold explorer in Victoria, with more than 50,000 metres of aircore drilling expected in a single season.
He said latest drilling was following up results from 2022 sampling and focusing on the Ironbark section of its exploration area.
“We have had a couple of nice hits but nothing definite yet,” he said.
Mr Markwell said future drilling would be result-driven and he expected the current season to finish in early April.
Exploration was expected to stretch in a corridor north to Boort with the bulk of work by two drill crews around Serpentine and Marong.