Falcon Metals reports multiple high grade gold hits, incl. 12m @ 6.18g/t gold from 74m, at flagship project in VictoriaMatsa Resources discovers pegmatites grading up to 7.4% Li2O across two prospects in ThailandSky Metals identifies multiple undrilled rare earths targets at the Doradilla project in NSWHere are the biggest small cap resources winners in morning trade, Tuesday February 14. FALCON METALS (ASX:FAL)The Chalice Mining (ASX:CHN) spinout has reported multiple high grade gold hits at Ironbark East, part of the flagship Pyramid Hill project in Victoria.Highlights include 12m @ 6.18g/t gold from 74m, including 1m @ 52.9g/t from 77m – the highest-grade gold intercept to date at Pyramid Hill.The drill program was focused on infilling around last year’s program which hit 40m @ 2.8g/t Au from 50m, including several 1m intercepts above 10g/t.FAL has now defined high grade gold over 400m at Ironbark East. A program of more than 50,000m across the wider project remains on track to complete in May.“Intersecting high-grade mineralisation at Ironbark East over a 400m strike length is a great result and provides us with encouragement ahead of the commencement of our diamond drilling program later this month,” FAL managing director Tim Markwell says.“The results at Ironbark confirm the potential of diorite to host economic zones of mineralisation, especially with the intersection of a new zone at Ironbark Central announced earlier this month.“Our success to date gives us the confidence to further ramp up our activity at Pyramid Hill and we look forward to putting out more updates over coming weeks.”Pyramid Hill was CHN’s No 1 focus before it hit the motherlode at Julimar, and is highly prospective for high-grade gold deposits like the nearby, world-class Fosterville mine.According to the Victorian government there’s 32Moz of undiscovered gold in the North Bendigo zone where FAL has a dominant landholding.FAL is notably chaired by Mark Bennett, discoverer of the Nova nickel discovery.The $46m capped stock is flat year-to-date. It had a massive $23m in the bank at the end of December.
