# FAL: First Hole at Errabiddy Hits 12m @ 2.8g/t Gold from Surface Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fal-first-hole-at-errabiddy-hits-12m-2-8g-t-gold-from-surface--cfbdccd8-2b26-48b7-a347-0cf233824ae8 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153802 Publisher: asx Original announcement: 2026-10-18T22:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T22:17:21.113Z Atlas analysis updated: 2026-10-18T22:17:21.113Z - Company: Falcon Metals Limited - Ticker: FAL - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-10-18 22:17:21 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Falcon Metals has reported its first drill results from the Olsen Well prospect at the Errabiddy Gold Project, with hole OWRC0001 intersecting 12m @ 2.8g/t gold from surface. The result confirms the bedrock source of a 5.8km gold-in-soil anomaly, prompting an expansion of the drilling program to 7,000 metres. Reasoning: The first hole of a new greenfield program at a large soil anomaly returned a significant high-grade intercept from surface, validating the geochemical target. - Positive factor: First hole at Olsen Well confirms bedrock gold mineralisation - Positive factor: High-grade intercept of 12m @ 2.8g/t Au from surface - Positive factor: Significant sub-interval of 4m @ 4.7g/t Au - Positive factor: Confirms extensive 5.8km soil anomaly - Positive factor: Program expansion to 7,000m indicates high prospectivity - Negative factor: Other four holes in initial batch returned only low-level anomalism - Negative factor: True width not yet determined Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release includes details on sampling techniques, standards, blanks, and duplicates. Evidence · text > Standards were taken every 50th sample. Blanks were inserted at the start of each drillhole. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Downhole lengths are reported but true widths are not yet known. Evidence · text > Down hole lengths are reported, true widths are not known at this stage. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### OWRC0001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-first-hole-at-errabiddy-hits-12m-2-8g-t-gold-from-surface--cfbdccd8-2b26-48b7-a347-0cf233824ae8#fact-drill-facts-0) Errabiddy · gold #### Identity - Hole ID: OWRC0001 - Project: Errabiddy - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: FAL #### Geometry - Grade: 2.8 - Grade Unit: g/t - Intercept: 12 m - From: 0 m - To: 12 m - Hole Depth: 130 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: OWRC0001:0-12 - Mining Method: unknown #### Location - Location: Olsen Well - Easting: 442379 - Northing: 7168036 - Elevation: 390 m - Azimuth: 50 ° - Dip: -59 ° - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Strong maiden intercept confirming a known geochemical anomaly. - Positive factor: Significant width and grade from surface Evidence · text > OWRC0001 12 metres @ 2.8g/t gold from surface #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Falcon Metals Limited T: +61 3 8648 6684 ASX: FAL E: info@falconmetals.com.au Level 6, 350 Collins St, Melbourne VIC 300" ### OWRC0001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-first-hole-at-errabiddy-hits-12m-2-8g-t-gold-from-surface--cfbdccd8-2b26-48b7-a347-0cf233824ae8#fact-drill-facts-1) Errabiddy · gold #### Identity - Hole ID: OWRC0001 - Project: Errabiddy - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: FAL #### Geometry - Grade: 4.7 - Grade Unit: g/t - Intercept: 4 m - From: 0 m - To: 4 m - Hole Depth: 130 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: OWRC0001:0-4 - Mining Method: unknown #### Location - Location: Olsen Well - Easting: 442379 - Northing: 7168036 - Elevation: 390 m - Azimuth: 50 ° - Dip: -59 ° - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Strong high-grade component within the main intercept. - Positive factor: High-grade sub-interval Evidence · text > 4 metres @ 4.7g/t gold from surface #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Falcon Metals Limited T: +61 3 8648 6684 ASX: FAL E: info@falconmetals.com.au Level 6, 350 Collins St, Melbourne VIC 300" ### OWRC0001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-first-hole-at-errabiddy-hits-12m-2-8g-t-gold-from-surface--cfbdccd8-2b26-48b7-a347-0cf233824ae8#fact-drill-facts-2) Errabiddy · gold #### Identity - Hole ID: OWRC0001 - Project: Errabiddy - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: FAL #### Geometry - Grade: 1 - Grade Unit: g/t - Intercept: 4 m - From: 4 m - To: 8 m - Hole Depth: 130 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: OWRC0001:4-8 - Mining Method: unknown #### Location - Location: Olsen Well - Easting: 442379 - Northing: 7168036 - Elevation: 390 m - Azimuth: 50 ° - Dip: -59 ° - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Lower grade component of the main intercept. Evidence · text > 4 metres @ 1.0g/t #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Falcon Metals Limited T: +61 3 8648 6684 ASX: FAL E: info@falconmetals.com.au Level 6, 350 Collins St, Melbourne VIC 300" ### OWRC0001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-first-hole-at-errabiddy-hits-12m-2-8g-t-gold-from-surface--cfbdccd8-2b26-48b7-a347-0cf233824ae8#fact-drill-facts-3) Errabiddy · gold #### Identity - Hole ID: OWRC0001 - Project: Errabiddy - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: FAL #### Geometry - Grade: 2.8 - Grade Unit: g/t - Intercept: 4 m - From: 8 m - To: 12 m - Hole Depth: 130 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: OWRC0001:8-12 - Mining Method: unknown #### Location - Location: Olsen Well - Easting: 442379 - Northing: 7168036 - Elevation: 390 m - Azimuth: 50 ° - Dip: -59 ° - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Lower grade component of the main intercept. Evidence · text > 4 metres @ 2.8g/t #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Falcon Metals Limited T: +61 3 8648 6684 ASX: FAL E: info@falconmetals.com.au Level 6, 350 Collins St, Melbourne VIC 300" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.