Falcon Metals Unveils 543 g/t Gold Hit at Blue Moon, Igniting Bendigo Hopes
Falcon Metals has reported a spectacular 1.2m intercept grading 543 grams per tonne gold at its Blue Moon project in Victoria’s Bendigo Goldfield, signaling a promising new chapter in high-grade gold exploration.
- Exceptional 1.2m @ 543 g/t Au intercept with visible gold at Blue Moon
- Ongoing wedge drilling targeting multiple high-grade reef zones
- Blue Moon open for 6 km northward with multiple reef lines identified
- Strong cash position of A$7.8 million supports aggressive exploration
- Broader portfolio includes mineral sands discovery at Farrelly and WA gold projects
A Breakthrough in Bendigo Gold Exploration
Falcon Metals Ltd has delivered a striking update from its Blue Moon project, nestled within the world-renowned Bendigo Goldfield in Victoria. The company’s first wedge drill hole intersected an extraordinary 1.2 metres grading 543 grams per tonne of gold, with visible gold reported, a rare and highly encouraging find that underscores the untapped potential of this historic gold province.
The Bendigo Goldfield, famous for its high-grade reef-style gold since the 19th century, hosts over 22 million ounces of gold at an average grade of approximately 15 g/t. Falcon is targeting the northern down-plunge extension of this prolific system, focusing on the Garden Gully anticline trend, which has historically produced around 5.2 million ounces at similar grades.
Drilling Program and Geological Insights
Falcon’s drilling campaign is actively testing multiple priority zones along the Blue Moon project, with several wedge holes underway. The initial wedge hole, BMDD001W1, delivered the standout intercept, while subsequent holes are drilling down the fold hinge, intersecting zones of visible gold, quartz veining, and sulphides. A notable 7.6-metre zone of intense quartz vein development may represent a saddle reef, a geological feature often associated with high-grade gold mineralisation.
While assays from the second and third wedge holes are pending, the visual presence of gold and quartz veins is promising. Falcon plans to extend drilling along strike and test lateral fold hinge targets, aiming to delineate the extent of these high-grade zones. The Blue Moon project remains open for at least 6 kilometres to the north, with multiple reef lines identified for future exploration.
Corporate Strength and Broader Portfolio
Backing this exploration push is a strong financial position, with Falcon holding A$7.8 million in cash as of June 2025 and no debt, providing ample runway for an aggressive drilling program. The company’s leadership team brings decades of experience in gold and base metals exploration, including notable discoveries at Sirius Resources and Chalice Mining.
Beyond Blue Moon, Falcon’s portfolio includes the Farrelly Mineral Sands Project in Victoria, where it has reported a high-grade mineral sands discovery with encouraging metallurgical characteristics, and the Errabiddy Gold Project in Western Australia, where it is earning into a joint venture targeting structurally analogous gold systems to the Tropicana mine.
Looking Ahead
Falcon Metals’ recent results at Blue Moon not only reaffirm the enduring prospectivity of the Bendigo Goldfield but also highlight the company’s potential to unlock new high-grade gold resources in a historically prolific region. With ongoing drilling, assay results pending, and multiple targets across its portfolio, Falcon is positioning itself as a compelling player in Australia’s gold exploration landscape.
Bottom Line?
Falcon’s Blue Moon breakthrough could redefine Bendigo’s northern frontier; next assays will be pivotal.
Questions in the middle?
- What will the pending assay results from the latest wedge holes reveal about the extent of high-grade mineralisation?
- How might Falcon’s exploration success at Blue Moon influence its capital raising or partnership strategies?
- What are the prospects for converting the Farrelly mineral sands discovery into a JORC-compliant resource?
