Flynn Gold Ltd (ASX:FG1) has identified gold mineralisation in previously unsampled portions of core, demonstrating the growing scale and potential of the multi-vein system at the Trafalgar prospect, part of the Golden Ridge Project in Tasmania.
Phase 1 diamond drilling at Trafalgar was completed in February 2023 with seven diamond holes drilled.
Assay results for previously unsampled portions from holes TFDD004 and TFDD005B have now returned high-grade gold intersections, including veins containing visible gold:
TFDD004:
- 2m (metres) at 4.88g/t Au (gold) from 276m including 0.3m at 13.47g/t Au from 276m and 0.55m at 8.9g/t Au from 277.45m;
- 1m at 2.16g/t Au from 290m; and
- 1m at 5.91g/t Au from 298m.
- 0.7m at 4.64g/t Au from 160.5m, and
- 2.75m at 2.49g/t Au from 173m including 0.75m at 7.44g/t Au from 175m.
Figure 1: Flynn Gold’s Golden Ridge Project showing prospect areas.
Flynn chief executive officer Neil Marston said: “The latest assay results from Flynn Gold’s Phase 1 diamond drilling program at the Trafalgar prospect have revealed further gold intersections, which demonstrate the growing scale and potential of the multi-vein system at Trafalgar.
“Results from infill sampling between previously sampled vein zones in TFDD004 and TFDD005B are encouraging with newly defined veins hosting similar gold grades.
“More infill and step-out drilling is now underway to demonstrate the potential of the system.
“The company has recently commenced its Phase 2 drilling program at Trafalgar with the aim being to test for strike and down dip/plunge extensions of the high-grade gold vein zones identified to date in Phase 1.
“We look forward to reporting additional results as this second drilling program progresses.”
Drill hole location plan of Trafalgar Prospect. Significant intercepts are reported as downhole lengths.
To date drilling has successfully intersected high-grade gold in multiple vein zones over a strike length of ~200 metres and to depths of up to 400 metres from surface, confirming a significant new gold discovery at Trafalgar.
The gold-bearing vein zones at Trafalgar, currently referred to as T1, T2, TM and T4, remain open along strike and at depth.
The Trafalgar discovery further emphasises the potential of the Golden Ridge Project to host additional gold deposits (such as Brilliant) that collectively enhance the company’s aim of establishing a significant gold mineral resource through targeted exploration at the project.
The remaining samples from drill hole TFDD005B are currently being processed by the company’s contracted laboratory.
Sampling/assaying for all of hole TFDD007 and parts of TFDD008 remain outstanding to complete the analysis of the Phase 1 core.
Meanwhile, Phase 2 drilling is underway to test for strike and dip/plunge extensions of the high-grade gold zones.
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