Falcon Metals Limited // ASX:FAL

Demerger der Pyramid Hill, Viking & Mount Jackson projekte von chalice mining in Falcon Metals Limited.
Ipo 12/21 - 30 mio aud cash
https://www.falconmetals.com.au

A tremendous start to listed life for Falcon Metals Ltd (ASX: FAL) with the company doubling its share price in the first few weeks of existence after spinning out from Chalice Mining Ltd (ASX: CHN). MD Tim Markwell joins Paydirt TV to lay out the company's gold exploration plans in Victoria and Western Australia

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https://www.falconmetals.com.a…oads/2022/01/61072438.pdf

Falcon commences drilling at Pyramid Hill’s Karri Prospect;
new Victorian permit granted
Diamond drilling underway at the Karri Prospect

o Initial hole planned along strike from previous high-grade intercept of 5.1m @
14g/t Au incl. 2.2m @ 32.1g/t Au
o More than 5,500m of diamond drilling planned across the Karri and Ironbark
prospects
o The first drilling program following Falcon’s ASX listing in December 2021
Falcon granted new highly prospective 434km2 permit adjacent to Karri and Ironbark

Investor Presentation
Exploring for the next discovery in Victoria
FEBRUARY 2022

https://www.falconmetals.com.a…oads/2022/02/61076395.pdf

https://www.falconmetals.com.a…oads/2022/07/61099813.pdf

HIGH GRADE GOLD INTERSECTED IN AIRCORE AT
IRONBARK EAST
• Aircore hole PHAC1030 at Ironbark East has intersected:
o 40m @ 2.81g/t Au from 50m; including
• 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
o Hole PHAC1030 is located 100m to the east of previous aircore result PA953
which intersected 13m @ 1.52g/t from 113m depth (ending in mineralisation)
o Due to the high grades encountered and analytical variability as a result of the
presence of coarse gold, additional time was needed for resampling and to
complete a rigorous validation process
o Possibility of some downhole contamination within the zone of bedrock
mineralisation due to the presence of a gold bearing quartz gravel at the top of
the mineralised zone
• Assay results have now been returned for all aircore and diamond drilling by Falcon at
Pyramid Hill
• Results are highly encouraging with Falcon currently in advanced stages of planning for
a substantially larger drill program later in 2022
• Other highlights from the drilling include:
o Karri - diamond drilling
• PHKADD025: 9m @ 1.28g/t from 141m; including
o 4.8m @ 2.23g/t from 144.2m
o Ironbark North – diamond drilling
• PHIBDD005: 8.2m @ 1.70g/t from 301m; including
o 3.6m @ 3.74g/t from 305.6m
o Ironbark East – diamond drilling
• PHIBDD006: 0.4m @ 5.91g/t from 162.9m
• Falcon remains exceptionally well-positioned to continue its large-scale exploration
programs in Victoria with >A$26 million in cash as of 31 March 2022