WESTERN AUSTRALIA, E63/1963 (51%, 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 51% interest in the project and is earning an additional 19% (70% total) from ASX-listed Metal Hawk by funding an additional $1.75M over 30 months. Falcon has the option to discontinue the earn in at any time, in which case its interest would remain at 51% and a joint venture will be formed with Metal Hawk.
Figure 1. Location of the Viking Gold Project
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.
The exploration strategy for the project will focus on the Viking Shear to the northeast of the Beaker 2 prospect that is interpreted to continue into Falcon’s 100% application (E63/1994) (see Figure 2). This structure is considered to be prospective and yet to be adequately tested by historical exploration.
Figure 2. Viking Shear Zone on magnetic image