Falcon Metals Limited has reported encouraging early results from its first diamond drill hole at the Blue Moon Prospect. The drill hole, designated BMDD001, intercepted several narrow high-grade gold-bearing quartz lodes, including an interval of 2.2 meters averaging 6.5 grams per tonne gold from 41.2 meters, with a sub-interval of 0.3 meters at 39.2 grams per tonne gold. Further down-hole, at around 600 meters, the drill encountered 2.4 meters averaging 8.4 grams per tonne gold, with a particularly notable 0.3-meter segment registering 48.7 grams per tonne and another segment at 602.1 meters at 18.2 grams per tonne gold. The Blue Moon Prospect is strategically positioned directly north of the historically prolific Bendigo Goldfield, where the Garden Gully anticline once produced 5.2 million ounces of gold at an average grade of 15 grams per tonne. By targeting the northern down-plunge extension of this anticline, Falcon Metals is following a conceptual model derived from historical data and regional geological observations. The initial objective was to intersect lateral quartz veins, which are interpreted as vectors to nearby thicker saddle reefs within the fold hinge zone—a process confirmed by the observed mineralisation and visible gold in the drill core. The diamond drill hole was completed to a depth of 778.1 meters at an azimuth of 132 degrees and a dip of minus 70 degrees, staying within the east limb of the anticline to maximize the chance of intersecting multiple mineralised structures. Although the hole did not reach the anticipated fold hinge at 700 meters, the success in intersecting multiple high-grade zones has prompted the commencement of a wedge drill hole aimed at testing targets closer to the fold hinge. This step is expected to help delineate wider zones of Bendigo-style mineralisation and could potentially extend the known high-grade footprint into the licence area. Bullish sentiment surrounds the recent drill results, as the high-grade intersections and presence of visible gold strongly validate the project’s conceptual model and geological interpretation. The close similarity to historical high-grade mineralisation in the Bendigo Goldfield supports further exploration and drilling programs, which are seen as a promising vector for additional discoveries. Conversely, cautious investors may note that a portion of the assay results remains pending and that the true extension of the fold hinge, where thicker mineralisation is expected, is still to be confirmed through subsequent wedge drilling. Overall, while the news is positive, the advancement of the Blue Moon Prospect will depend on upcoming assay confirmations and broader drilling success.