Falcon Metals (ASX:FAL) confirmed visible gold and/or high-grade gold mineralization on every section drilled to date on the Lotus Zone, within its Blue Moon project in Victoria, according to a Monday filing with the Australian bourse.
Results confirmed over 750-meter strike length at the Lotus Zone, which remains open to the north, returning three meters at nearly 14 grams per tonne grade of gold from 825 meters, including 0.6 meters at 60 g/t grade of gold from 826 meters, 2.6 meters at nearly 18 g/t grade of gold from 642 meters, including 0.7 meters at 64 g/t grade of gold from 642 meters, the filing said.
The interpretation of results is still in progress, awaiting all pending assays for each completed section, per the filing.
Shares fell 1% in morning trade Monday.