- Flynn Gold (FG1) receives first assay results from the Flynn Gold’s Brilliant prospect in Tasmania
- Diamond drilling began in late April to confirm historical gold grades and test the continuity and strike extensions to the mineralisation
- Five holes have been drilled to date with grades peaking at 12.20 grams of gold per tonne
- A sixth hole is currently in progress, with the presence of visible gold considered encouraging
- Shares in Flynn Gold are up 8.33 per cent on the market and are trading at 16.3 cents at 1:14 pm AEST
Flynn Gold (FG1) has received first assay results from the Flynn Gold’s Brilliant prospect at the Golden Ridge Project.
The Golden Ridge Project lies 75 kilometres east of Launceston in Tasmania and since acquiring it in 2019, Flynn Gold has undertaken exploration mapping and sampling programs.
Results from this surface rock chip sampling have indicated the gold mineralisation system at Golden Ridge is significantly more extensive than previously thought.
Diamond drilling began at the Brilliant prospect in late April with 4100 metres planned to confirm historical gold grades and test the continuity and strike extensions to the mineralisation.
Five holes, for 1463 metres, have been drilled to date with best results including 26.5 metres at one gram of gold per tonne (g/t) from 79 metres including 0.5 metres at 12.20g/t gold from 99.5 metres.
A sixth hole is currently in progress, with the presence of visible gold considered encouraging.
Executive Director Sam Garrett is pleased with the findings.
“Hitting visible gold in half of our first six drill holes at Golden Ridge both validates the historical results and significantly extends the drilled strike extent of the mineralisation at the Brilliant prospect,” Mr Garrett commented.
Additionally, Khumsup Geophysics completed a gradient array induced polarisation (GAIP) survey over the main target areas at Golden Ridge throughout July and August.
The survey indicated that extensive zones of anomalous chargeability are associated with areas of known mineralisation as well as areas yet to be explored.
Due to the encouraging nature of the results, Flynn Gold plans to extend the survey to the west, south and east.
Shares in Flynn Gold were up 8.33 per cent on the market and were trading at 16.3 cents at 1:14 pm AEST.