Join our daily newsletter At The Bell to receive exclusive market insights
- Flynn Gold (FG1) intersects up to 52.20g/t gold under the maiden drilling program at the Trafalgar prospect within the Golden Ridge Project in Tasmania
- Between three to four holes will be drilled under the maiden drill program at Trafalgar to test the mineralised granodiorite-hornfels contact
- Assays come from hole TFDD002 and confirm observations of visible gold associated with zones of quartz-sulphide veining and breccia
- Additionally, geological logging of TFDD002 has identified a second parallel zone of significant quartz veining and potential mineralisation from 264 to 297 metres
- Flynn Gold ends the day 50 per cent in the green with shares trading at 15 cents
Flynn Gold (FG1) has intersected up to 52.20g/t gold under the maiden drilling program at the Trafalgar prospect within the Golden Ridge Project in Tasmania.
Between three to four holes will be drilled under the maiden drill program at Trafalgar to test the mineralised granodiorite-hornfels contact.
Assays have come from the first hole, TFDD002, and confirm observations of visible gold associated with zones of quartz-sulphide veining and breccia.
Due to the presence of visible gold, an 11-metre wide zone has been prioritised for sampling and assaying.
Significant results include 5.4 metres at 10.63g/t gold from 160.1 metres including 1.9 metres at 19.88g/t gold from 160.1 metres including 0.4 metres at 52.20g/t gold.
Hole TFDD002 was designed to target extensions to a historical intercept of five metres at 12.56g/t gold and provide stratigraphic, structural and mineralogical information.
Additionally, geological logging of TFDD002 has identified a second parallel zone of significant quartz veining and potential mineralisation from 264 to 297 metres.
While assays aren’t available as of yet, the zone is consistent with the position of previously drilled mineralisation that intersected up to 150g/t gold.
“This is a very exciting start to the drilling campaign at Trafalgar. The results validate the
importance of the intrusive contact as an exploration target and now significantly enhance the prospect with the potential for multiple parallel high-grade gold veins,” Executive Director Sam Garrett said.
“We eagerly anticipate the assay results for the remainder of the hole.”
Flynn Gold has ended the day 50 per cent in the green with shares trading at 15 cents.
