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Falcon Metals Ltd ( (AU:FAL) ) has provided an announcement.
Falcon Metals Limited has accelerated its drilling activities at the Blue Moon Gold Project by deploying a second diamond drill rig. This move follows the confirmation that the Bendigo Goldfield’s high-grade mineralization extends into Falcon’s territory. The company has received approval for additional drill pads, enabling exploration of over 2km of the Garden Gully line of reef. With $24.6 million in cash, Falcon is well-funded to continue its exploration strategy, which could significantly impact its operations and position in the gold mining industry.
More about Falcon Metals Ltd
Falcon Metals Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in exploring high-grade gold deposits, with a significant market focus on the Bendigo Goldfield region in Victoria, Australia.
Average Trading Volume: 1,666,603
Technical Sentiment Signal: Buy
See more insights into FAL stock on TipRanks’ Stock Analysis page.