Flynn Gold Ltd (ASX:FG1) has expanded the Trafalgar Prospect at the 100%-owned Golden Ridge Project in northeast Tasmania with visible gold revealed in new zones during diamond drilling.
The latest results from five diamond drill holes completed to date identified two high-grade gold intersections in TFDD005B, an offshoot of parent hole TFDD005.
First assays from priority sampling of TFDD005B returned significant quartz veining with zones of sulphides and visible gold, with highlights including:
- 14.7 metres at 5.5 g/t gold and 6.0 g/t silver from 109.4 metres, including 0.6 metres at 109 g/t gold and 96.1 g/t silver from 121.8 metres; and
- 2.3 metres at 19 g/t gold and 4.5 g/t silver from 345.7 metres, including 0.9 metres at 47.8 g/t gold and 18.7 g/t silver from 346.1 metres.
Core from TFDD005B showing quartz-sulphide veining.
Significant gold system
“Once again, Flynn Gold has delivered some very exciting high-grade gold intersections from its drilling program which is ongoing at the Trafalgar Prospect in northeast Tasmania,” chief executive officer Neil Marston said.
“The latest results in drill hole TFDD005B have not only confirmed the high-grade gold mineralisation intersected in TFDD005 but also added a second high-grade gold zone with occurrences of visible gold.
"This result demonstrates to us that Trafalgar is a significant gold system that is open in all directions.
“The most pleasing aspect of these latest results is that we now have laboratory confirmation of high-grade gold mineralisation in at least two vein zones over a strike length exceeding 200 metres in a generally east-west corridor.
“With historical gold workings located to the north, south, east and west of the Trafalgar Prospect, we see huge potential for this area to yield further exciting results as drilling continues.”
Cross-section showing drill holes TFDD005 and TFDD005B.
Other gold finds
In addition to TFDD005B, further assays have been received for parts of holes TFDD002B, TFDD004 and a portion of TFDD006.
TFDD007, meanwhile, is being drilled to test for gold mineralisation within the Mathinna sediments between TFDD006 and TFDD005.
The hole is in progress to a depth of 192.5 metres, with a planned depth of 250 metres.
TFDD002B
This drill hole was wedged off parent TFDD002 and hit strong intercepts including:
- 11 metres at 2.44 g/t gold and 1.84 g/t silver from 148 metres, including 5 metres at 3.42 g/t gold and 1.96 g/t silver from 148 metres and 1-metre at 9.28 g/t gold and 8.14 g/t silver from 158 metres;
- 0.6 metres at 1.99 g/t gold and 0.94 g/t silver from 178.4 metres;
- 3 metres at 1.87 g/t gold and 0.59 g/t silver from 247 metres; and
- 8.5 metres at 1.07 g/t gold and 7.27 g/t silver from 291 metres, including 1-metre at 7.03 g/t gold and 5.46 g/t silver from 295 metres.
TFDD004 was drilled to test for extensions to mineralisation below TFDD003 and TFDD002 and intersected quartz-sulphide veins at 184-191 metres, 297-300 metres and 474-478 metres.
Significant intercepts include 3.1 metres at 1.29 g/t gold and 0.49 g/t silver from 474.9 metres and 0.5 metres at 1.73 g/t gold and 1.3 g/t silver from 489 metres.
TFDD006
This infill hole was designed to test for continuity of mineralisation between holes TFDD002 and TFDD005.
First assays show low-grade gold from this zone, only up to a maximum of 0.13 g/t.
More samples will be sent for processing and sampling.
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