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Falcon Metals Ltd (ASX:FAL)

ALERT: Price-sensitive ASX Announcement for FAL
Current share price for FAL : $0.375 -0.435 (-53.70%)+
Announcement
Release
16 Feb 2026 9:40AM
Price at Release
$0.810
Full Release
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Summary
Falcon Metals Ltd (ASX: FAL) announced new high-grade gold results from the Blue Moon Gold Project, part of the Bendigo Goldfield extension. Drilling extended the Lotus Zone 80 meters along strike, hitting 0.4 meters at 167g/t gold within a broader intersection of 0.8 meters at 86.2g/t gold from 635 meters downhole. The Lotus Zone, now confirmed over a strike length of 280 meters, is open along strike and down-dip. The project has identified three high-grade zones: Morning Glory, Lotus, and Dahlia, with drilling ongoing to further test these zones. The results emphasize Blue Moon's potential as a high-grade extension into Falcon's tenement with promising continuity in the mineralization.
Key Points
  • Falcon Metals Ltd extended Blue Moon 80m along strike.
  • Lotus Zone confirmed over a 280m length with high-grade gold intersections.
  • BMDD004W1 intersected 0.8m @ 86.2g/t Au, including 0.4m @ 167g/t Au.
  • Three high-grade zones identified: Morning Glory, Lotus, and Dahlia.
  • Ongoing drilling aims to further define the project's scale and mineralization.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.