Australia's Falcon Metals soars on high-grade gold find at Victoria project

Falcon Metals

15/07/2022 02:42

** Shares of gold explorer Falcon Metals  FAL.AX  climb as
much as 73% to A$0.320, marking their biggest intraday pct gain
ever
    ** Co says final assay results for all remaining diamond and
aircore holes at Karri and Ironbark prospects at Pyramid Hill
Gold Project in Victoria returned high-grade gold
    ** Says it is at the advanced stages of securing two aircore
rigs for a large drill program at the project later in 2022
    ** Stock, last up 38%, hits its highest since June 2
    ** More than 2.5 mln share change hands, 3.5 times the
30-day average of 718,362 shares
    ** As of last close, stock down 67.8% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))