Flynn Gold Limited (ASX: FG1) has recorded a significant high-grade gold interval close to the end of the hole in drilling at the Trafalgar Prospect, which is part of the company’s 100% owned Golden Ridge Project in Northeast Tasmania, Australia.
The highlight hole returned 3.5m @8.33g/t Au from 379.5m including 2.0m @13.75g/t Au from 380.3m.
“Flynn Gold’s diamond drilling programme at the Trafalgar prospect continues to deliver exciting high-grade gold results,” CEO, Neil Marston, said.
“The latest assays reveal further significant gold intersections, in addition to the exceptional results previously reported for this hole. This is a clear indication of the growing scale and significant potential of the multi-vein system at Trafalgar.
“The Trafalgar discovery emphasises the potential of the Golden Ridge Project to host additional gold deposits which collectively enhance the company’s aim of establishing a significant gold mineral resource at the Project.
“The company is awaiting laboratory assays for over 500 core samples from Phase 1 and the first hole on Phase 2 drilling and we look forward to updating the market with these results as they become available over the coming weeks.”
Phase 1 Trafalgar Drilling
Phase 1 diamond drilling at the Trafalgar Prospect was completed in February 2023 with seven diamond holes completed (TFDD002-TFDD008).
Results reported previously have been highly encouraging and include the best gold intersections recorded to date at Golden Ridge, of 12.3m @16.8g/t Au from 108.7m in TFDD005.
The Phase 1 drilling has successfully intersected high-grade gold in multiple vein-zones over a strike length of approximately 200m and to depths of up to 400m from surface, confirming a significant new gold discovery at Trafalgar.
The main gold-bearing mineralized zones at Trafalgar, currently referred to as T1, T2, TM and T4, remain open along strike and at depth.
Several batches of core samples, mainly from drill holes TFDD007 and parts of TFDD008, remain outstanding to complete laboratory analysis of the Phase 1 core.
Phase 2 Trafalgar Drilling
The first hole of the company’s Phase 2 drilling programme at Trafalgar (TFDD009) was completed to a depth of 213 m and was designed to test the western extension of the Trafalgar vein system.
The first batch of TFDD009 samples, from 179m-213m depth have been submitted for laboratory analysis with the remainder of the hole being logged and cut ahead of sample submission.
Hole TFDD010 has commenced to test the eastern and depth extension of the high-grade mineralization observed in TFDD005B.
The next drillhole will be re-entry of TFDD008 to extend the hole to intercept the T1 mineralized zone and test for continuity of the intercepts reported here from hole TFDD005B.
For further information please visit: https://flynngold.com.au/
