PEAKE-DENISON PROJECT – GRAWLER CRATON- SOUTH AUSTRALIA
The Peak-Denison Project is located on the western margin of Lake Eyre in northern South Australia. It consists of two granted tenements EL4350 and EL4536 and these tenements are considered prospective for iron-oxide copper gold mineralisation (IOCG).
Previous mineral explorers have completed geophysical surveys and tested some IOCG targets with reverse circulation and diamond drilling. The best copper intersection was reported from a deep diamond hole at the Davenport Creek Prospect that intersected 3m at 2.75% Cu from 330m as well as a broader zone of elevated copper at the bottom of the hole (13m at 0.07% Cu from 391m).
Falcon is seeking to divest this project.