Diamond drilling has commenced at Flynn Gold Ltd (ASX:FG1)'s Warrentinna Project in northeastern Tasmania, with a focus on high-grade, near-surface gold targets.
Initial drilling at Warrentinna will consist of two diamond drill holes, totalling 300 metres, aimed at better understanding the continuity and extension of gold mineralisation previously identified by Greatland.
Near-surface gold
The company is confident that the near-surface gold mineralisation at Warrentinna represents a huge opportunity.
The operation aims to examine the potential of orogenic-style gold mineralisation, based on previous promising results such as:
- 5 metres at 28.93 g/t gold from 36 metres, including 1 metre at 103.25 g/t from 37 metres;
- 21.7 metres at 3.3 g/t from 9.3 metres, including 2.2 metres at 12.0 g/t from 10.8 metres; and
- 11.7 metres at 2.8 g/t from 115 metres.
“We are delighted to have commenced the company’s first drilling program at this recently purchased project where previous campaigns have produced some remarkable, high-grade drill intercepts.
“Importantly, the gold mineralisation is near-surface and represents an opportunity for shallow gold resources.
Multiple programs planned
“Outside of the company’s exciting Golden Ridge Project, this is the first of multiple drilling programs that Flynn has planned to test across the company’s regional exploration projects over the coming months.”
Location of Warrentinna Project and other Flynn Gold tenements in northeast Tasmania.
The drill program comes as the final core samples from the recent Trafalgar Prospect drilling at the Golden Ridge Project are submitted for laboratory analysis.
The Warrentinna Project, previously acquired from Greatland Gold PLC, encompasses two historical goldfields - Forester and Warrentinna.
These fields were mined in the late 1800s and early 1900s for high-grade gold quartz lodes.