WESTERN AUSTRALIA, E63/1963 (EARNING UP TO 70%) & APPLICATION E63/1994 (100%)
The project is located approximately 30 km east of the regional township of Norseman within the high-grade metamorphic Albany-Fraser Province.
The project consists of one granted exploration licence (E63/1963) and one licence application (E63/1994) which collectively totals 307.6 km². Falcon has a commitment with ASX-listed Metal Hawk to spend a minimum of A$200k within two years as part of a A$1M earn-in for an initial 51% interest in E63/1963. On achieving 51% Falcon has the right but not obligation to earn a further 19% (70% total) by funding an additional $1.75M over 30 months.
Viking is located in the highly prospective Albany-Fraser Province, host to the world-class Tropicana Gold Mine which has produced over 3Moz since 2013. At Viking, a significant amount of systematic surface geochemistry and drilling has been completed across the Beaker (1, 2, 3 and 4) prospects, by both AngloGold Ashanti and Genesis Minerals.
Significant gold mineralisation has been returned on the project with a relatively small amount of follow-up drilling completed at depth surrounding these intersections. These will be the focus for follow-up exploration drilling which will target down dip and potential down-plunge extensions to the existing oxide gold intercepts.
Figure 1. Drilling results to date at the Beaker Prospects at Viking, WA.