A maiden diamond drilling program by Flynn Gold Ltd (ASX:FG1) has confirmed a near surface gold system at its 100%-owned Warrentinna Project in northeast Tasmania.
Flynn Gold acquired the Warrentinna Project (EL30/2004), which is 40-kilometres northwest of the company’s Golden Ridge Project, from Greatland Gold last June. The Warrentinna goldfield features numerous historic workings and largely untested prospects over a 6-kilometre strike length that presents potential for near-surface gold resources.
The drilling program has now confirmed highly prospective orogenic-style gold mineralisation, coinciding with historical mine workings.
The diamond drilling program consisted of two drillholes for a total of 357 metres of drilling. The best intercepts were reported in hole DNDD001:
- 7.2-metres at 2.5g/t of gold from 68.9-metres, including 2.1-metres at 7.0g/t gold from 75.1-metres; and
- 4.8-metres at 1.2g/t gold from 92-metres, including 0.3-metres at 5.6g/t gold from 94.6-metres.
Flynn gold managing director and CEO Neil Marston said: “Our maiden diamond drilling program has confirmed that the Warrentinna Project has potential for gold resources near-surface and proven to extend the depth of mineralisation to greater than 100 metres.
“The Warrentinna goldfield is defined by shallow historic workings over a strike length of 6 kilometres, and with this campaign targeting gold mineralisation in the north of the goldfield, the remainder is largely untested.”
The drillholes also provided valuable structural data. This will be used for targeting in future campaigns, which will aim to prove mineralisation along strike from historical drill results including:
- 5-metres at 28.93g/t gold from 36-metres, including 1-metre at 103.25g/t gold from 37-metres;
- 21.7-metres at 3.3g/t gold from 9.3-metres, including 2.2-metres at 12g/t gold from 10.8-metres; and
- 11.7-metres at 2.8g/t gold from 115-metres.
“Previous explorers have produced some remarkable high grades at Warrentinna. Our drilling has confirmed the existence of multiple zones of gold mineralisation and added a structural context which will be used in targeting for future drilling campaigns,” added Marston.
Cross section of DNDD001 highlighting main mineralised zones. Mineralised zones conform with vein model (red) used to plan the campaign.
What’s ahead?
The company is now reviewing the results of the maiden drill program at Warrentinna, which will lead to refinement of the geological model and preparation of a preliminary mineral resource model. This work will be used to identify the best locations for follow-up drilling.
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