Flynn Gold (ASX:FG1) reports assays from the latest drilling program have revealed an ‘outstanding shallow high-grade’ gold intercept at the Trafalgar Prospect, located within the Golden Ridge Project in northeast Tasmania.
The first assay results from TFDD003 represent partial sampling from zones in the upper 168m of the hole that were prioritised for assay following observation of mineralised vein zones in the drill core.
Intersections recorded in TFDD003 include 1.2m @ 65.9g/t Au from 57.5m, including 0.5m @ 143g/t Au from 57.5m, as well as 1.3m @ 2.28g/t Au from 149.2m, including 0.5m @ 5.26g/t Au from 150m.
Flynn CEO Neil Marston said the company is very pleased with these latest results from their second hole at Trafalgar.
“What is most pleasing is that we have intersected a bonanza-grade interval at a shallow depth which at this early stage appears to be unrelated to the multiple vein zones intersected in our first drillhole TFDD002″
“What is most pleasing is that we have intersected a bonanza-grade interval at a shallow depth which at this early stage appears to be unrelated to the multiple vein zones intersected in our first drillhole TFDD002.
TFDD002 intersected multiple gold zones beneath the old Trafalgar mine workings. Step-out drillhole TFDD003 was drilled to test for mineralisation about 100m west of the first hole, so these latest results enhance our view that there is potential for a significant mineralised gold system at Trafalgar.
Hole TFDD004 was targeted below TFDD003 with similar vein zones intersected and our current drillhole, TFDD005 will test for a continuation of these mineralised zones about 100m east of our first hole.
Trafalgar is the first location at Golden Ridge where the intrusive hornfels contact has been drill tested by the company. This geological contact has been identified over an 8km strike length, demonstrating that the Golden Ridge Project has the potential to become a significant gold system.”
TFDD003 is the company’s second drillhole at Trafalgar, designed as a 100m step-out to the west of hole TFDD002, and a third hole, TFDD004 was collared at the same location and was drilled below TFDD003.
The reported ‘high-grade’ interval of 0.5m @ 143g/t Au is associated with a massive quartz-sulphide (pyrite-galena-sphalerite-arsenopyrite) vein hosted in altered granodiorite and is interpreted by Flynn to be a possible continuity of ‘high-grade’ gold assays returned from outcrop rock chip samples in the area.
Flynn reports further assays from TFDD003 are pending, including additional zones of prioritised sampling of quartz-sulphide vein structures at 286m to 303m and the company will report these results once received.
The company also states drillhole TFDD004 was completed last week to a depth of 503.5m testing for extensions to the mineralised zones intersected in TFDD002 and TFDD003.
Logging and cutting of core from TFDD004 is underway, and significant zones of mineralised vein structures at 85m to 100m, 184m to 191m, 297m to 300m and 474m to 478m have been noted in TFDD004 with assays pending.
Flynn started drilling TFDD005 this week, and it is being drilled to test for extensions of the mineralised zones around 100m east of the zones intersected in TFDD002.
Further drilling at Trafalgar to test the extensions and continuity of gold mineralisation is planned, and the company will report the results once they are received.
Flynn Gold is an Australian mineral exploration company with a portfolio of exploration projects in Tasmania and Western Australia. The company has 8 100% owned tenements located in northeast Tasmania, and has established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia.
It also has tin projects within its northeast Tasmania gold project, as well as 2 zinc-silver tenements on Tasmania’s west coast.
Images: Flynn Gold Ltd & iStock