Falcon Metals Ltd (AU:FAL) has released an update.
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Falcon Metals Ltd has reported promising results from its latest aircore drilling program at the Pyramid Hill Gold Project, with significant gold mineralization found at both the Eddington and Pyramid Hill prospects. The exploration has revealed multiple zones of primary gold mineralization and gold-bearing alluvial quartz gravel, suggesting potential large gold systems and encouraging prospects for future drilling. The company plans to resume follow-up and regional reconnaissance gold drilling in the fourth quarter of 2024, alongside work on a new mineral sands discovery.
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