Falcon Metals Extends Blue Moon Gold System As Cash Reaches $38 Million
Closing price · 2026-10-26: $0.435 · +0.00%
Falcon Metals reported that mineralisation at its Blue Moon Gold Project now extends over a longer strike, with high-grade results from the Jasmine and Lotus zones and a fifth gold-bearing zone identified. At Errabiddy, the first hole at Olsen Well intersected gold from surface, while several Corfu holes confirmed broad, shallow mineralisation; further drilling and assays are planned or pending. The company ended the quarter with approximately $38 million in cash after raising $30 million, with most quarterly operating outflow directed to exploration.