Flynn Gold (ASX:FG1) has returned gold (Au) grades upwards of 109g/t Au from an ongoing diamond drilling (DD) program at the Trafalgar prospect, as part of its wholly owned Golden Ridge Project in Tasmania.
The results, generated by drillhole TFDD005B, indicate the presence of 2 additional zones of visible gold bearing quartz-sulphide veining about 160-161m and 174-176m downhole.
‘High-grade’ intercepts returned from the drillhole TFDD005B include 14.7m @ 5.5g/t Au and 6.0g/t silver (Ag) from 109.4m, including 0.6m @ 109g/t Au and 96.1g/t Ag from 121.8m, and 2.3m @ 19g/t Au and 4.5g/t Ag from 345.7m, including 0.9m @ 47.8g/t Au and 18.7g/t Ag from 346.1m.
Drilling to date has completed 5 diamond drillholes with the diamond rig currently drilling TFDD007 to test for continuity of vein zones between holes TFDD002 and TFDD005/5B.
The company notes the 2 aforementioned zones of visible gold bearing quartz-sulphide have been prioritised for sampling and assays.
Addressing the results, Flynn Gold Chief Executive Officer (CEO) Neil Marston says: “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 north-east Tasmania. The latest results in drillhole 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 latest results … have not only confirmed the high-grade gold mineralisation … but also added a second high-grade gold zone”
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 200m 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.”
Flynn Gold is an Australian mineral exploration company with a portfolio of projects across Tasmania and Western Australia. The company’s Golden Ridge project is situated in an underexplored region that shares similarities to Victoria’s Goldfields and boasts potential to host a multi-million-ounce bulk tonnage gold deposit.
Other projects included within its exploration arsenal include the Portland Gold Project in Tasmania, as well as the Mt Dove and Shay Gap Projects in Western Australia.