Falcon Metals' Gold Drilling Update at Pyramid Hill Project

Falcon Metals Limited (ASX: $FAL) has received assay results for 166 aircore holes at the Pyramid Hill Project in Victoria, including a high-grade primary gold intercept at the base of infill aircore hole PHAC1975 near the town of Pyramid Hill. The company remains well funded with $15.1 million in cash as at 31 December 2023.

Executive Commentary on Gold Drilling Update

The high-grade intercept in PHAC1975 is a significant development for Falcon Metals as it indicates the potential for primary mineralization at the site. The ongoing follow-up drilling is crucial to confirm the significance of this result. We are encouraged by the results from the Wandoo and Eddington prospects, and the regional reconnaissance drilling has generated several new target areas with promising bedrock intercepts. The company is committed to continuing the gold drilling program until May 2024 to further explore these prospects.

Summary of Gold Drilling Update

Falcon Metals (ASX: $FAL) has received encouraging assay results for gold exploration at the Pyramid Hill Project, including a high-grade intercept at PHAC1975. The company's well-funded status and the ongoing follow-up drilling indicate a positive outlook for the project. The results from the Wandoo and Eddington prospects, as well as the regional reconnaissance drilling, demonstrate the potential for further discoveries. Falcon Metals remains focused on its strategic tenement position and is dedicated to exploring large high-grade gold systems. The company's commitment to the gold drilling program until May 2024 reflects its determination to unlock the full potential of the Pyramid Hill Project.