Pal Group’s Royal Falcon Mining Strikes Gold

Abu Dhabi’s Royal Falcon Mining LLC received the results of the first assays for the drilling programme it commenced the Falun Project in Sweden. The results confirm the presence of very high-grade gold and broad zones of gold-copper-bismuth mineralisation. Royal Falcon Mining is a wholly owned subsidiary of PAL Group of Companies and is involved with exploration and mining projects all over the world, with major interests in the North African region. The company is managed by the Australian concern, Golden Rim Resources Limited.

The drilling operation commenced during August this year near the historical mining centre of Falun. The site is 200 kilometres northwest of Stockholm, and was first mined in around 700 AD, before closing in 1992 after operating for more than 1,400 years.

“We are very pleased with the first assays from the Falun drilling programme and some of the new gold assays are spectacularly high. These new tests provide confirmation of high grade historic gold and that broad zones of gold, copper and bismuth mineralisation extend at a depth below the previous near-surface drilling,” said Craig Mackay, Managing Director, Royal Falcon Mining.

"We are looking forward to the remaining assays as the data will better define the distribution of the mineralisation,” he added.

The recent results indicate 11.6m @ 61.2 g/t gold, 1.2% copper and 0.09% bismuth from 57.0m including 0.75m @ 887 g/t gold, 5.92% copper and 0.7% bismuth. 21.4m @ 6.8 g/t gold, 0.9% copper and 0.07% bismuth, from 16.6m including 0.6m @ 91.4 g/t gold, 1.6% copper and 0.8% bismuth and 32.8m @ 1.8 g/t gold, 0.5% copper and 0.02% bismuth, from 51.8m.

To date, eleven holes have been completed for a total of 1,360m in the Eastern Copper-Gold Zone of the site. The drilling programme now comprises 20 diamond holes, for a total of 3,600m and is testing the large volumes of remnant mineralisation.

The received assays are only for the first two drill holes.
 

View News Headlines