Falcon Metals reports high grade gold intersection at Ironbark east

Falcon Metals Limited (ASX: FAL) announced that it received final assay results for all the remaining diamond and aircore holes at the Karri and Ironbark prospects in the Pyramid Hill Gold Project, located north of Bendigo in Victoria, Australia.

Aircore hole PHAC1030 at Ironbark East has intersected:

• 40m @ 2.81g/t Au from 50m. It includes:

• 26m @ 4.20 g/t Au from 51m, that includes:

• 2m @ 15.42g/t Au from 51m;
• 1m @ 17.06g/t Au from 62m;
• 1m @ 10.07g/t from 70m; and
• 1m @ 11.95g/t from 76m

Assay results have been returned for all aircore as well as diamond drilling by Falcon at Pyramid Hill. The Company confirmed that the results are highly encouraging and Falcon is in its advanced stage of planning for substantially larger drill program later in 2022.

Also, FAL is well placed to continue its large-scale exploration programs in Victoria with  more than A$26 million in cash as of 31 March 2022.

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