Flynn Gold Ltd (ASX:FG1) has fielded bonanza-grade rock chip results from trenching and sampling at the Golden Ridge Project in northeast Tasmania.
Exploration was centred 250 metres north of the Trafalgar Mine, where 17 of 36 grab rock chip samples assayed over 10 g/t gold, with bonanza grades including 99.4 g/t gold, 76.6 g/t gold and 67.1 g/t gold.
Trenching revealed the mineralisation stretches over a minimum of 65 metres in width, interpreted to lie in multiple sub-parallel quartz-sulphide veins.
Confirming potential for “significant scale”
“The company is excited by the discovery of multiple high-grade gold veins approximately 250 metres north of the main Trafalgar gold deposit at Golden Ridge in Northeast Tasmania,” Flynn Gold managing director and CEO Neil Marston said.
“These gold veins were exposed in trenching over an area of historical mine workings which appear unrecorded since they were dug about a century ago.
“The vein system potentially expands the footprint of gold mineralisation at Trafalgar to a 500-metre-wide corridor which remains open in all directions, once again confirming the potential for significant scale at the Golden Ridge Project.
“With so many high-grade gold assays recorded at the surface we have adjusted our ongoing diamond drilling program to test beneath these old workings and we look forward to reporting the results of this drilling shortly.”
Assays from initial trench sampling were promising, including high-grade intervals such as:
- 11 metres at 2.0 g/t gold, including 3.3 metres at 6.3 g/t gold; and
- 16.5 metres at 1.3 g/t gold, including 1.5 metres at 6.8 g/t gold and 4 metres at 2.4 g/t gold.
Flynn has already set the diamond drill turning at this new discovery, targeting mineralisation at depth below the trenching and rock chip samples.
Phase 3 drilling at Trafalgar prospect
FG1 has also been drilling at the main Trafalgar prospect, testing strike and dip extensions and infill around previously discovered high-grade gold intercepts.
The company sought to test the three main veins, Trafalgar Main, Magazine and Trafalgar South, and associated splay mineralisation.
Highlights not previously reported include:
- 0.4 metres at 6.0g/t gold within 1.3 metres at 2.1g/t gold from 315.1 metres;
- 1-metre at 2.5g/t gold within 3.0 metres at 1.3g/t gold from 232.0 metres;
- 0.5 metres at 2.9g/t gold from 231.5 metres;
- 1.1 metres at 4.9g/t gold from 281.9 metres; and
- 0.3 metres at 16.3g/t gold within 1-metre at 5.5g/t gold from 292.6 metres.
The company is also soil sampling over the un-explored areas within the granodiorite and along the granodiorite contact at Golden Ridge, as well as follow-up infill soil sampling, rock chip sampling and field mapping.
Flynn has engaged a structural geology consultant to interpret the fault architecture at Trafalgar and the overall Golden Ridge Project, which will be used to target veins further east of the Trafalgar prospect.