Bridge Creek Drilling Yields 3m at 34.71g/t Gold, Expanding Resource Boundaries
Far Northern Resources has reported promising Phase 1 drilling results at its Bridge Creek gold project, revealing significant gold grades and extending mineralisation footprints both north and south of the current resource. The company awaits further assay results to refine future drilling plans.
- Phase 1 drilling confirms and extends mineralisation beyond current resource boundaries
- High-grade intercepts include 3m at 34.71g/t gold and multiple significant zones above 1g/t
- Drilling verified historically excluded holes and tested down dip targets
- 1m split assays submitted for further confirmation, results expected within six weeks
- Potential for resource growth and improved geological understanding highlighted
Phase 1 Drilling Success at Bridge Creek
Far Northern Resources Limited (ASX:FNR) has announced encouraging results from the first phase of its drilling program at the Bridge Creek gold project in the Northern Territory. The recent reverse circulation drilling campaign has delivered multiple significant gold intercepts, including a standout 3 metres at 34.71 grams per tonne (g/t) gold from 12 metres depth. These results not only confirm the presence of high-grade mineralisation but also extend the known gold footprint both north and south of the previously defined resource.
Extending the Mineralisation Footprint
The Phase 1 program was designed to verify historically excluded drillholes and test down dip targets within and around the current resource area. Notably, the drilling extended mineralisation approximately 80 metres north of the existing resource boundary, with intercepts such as 9 metres at 1.76 g/t gold, including a higher-grade 3-metre section at 4.58 g/t. To the south, several holes confirmed mineralisation continuity with grades consistently above 1 g/t over multiple metre intervals.
Implications for Resource Growth
These assay results suggest that the Bridge Creek deposit has a larger and more continuous gold system than previously understood. Managing Director Cameron Woodrow emphasised the evolving geological understanding, noting that each batch of results enhances the company’s ability to model mineralisation controls and target future drilling effectively. The current inferred resource stands at 1.97 million tonnes grading 1.12 g/t gold for approximately 70,560 ounces, but these new results hint at the potential for meaningful resource expansion.
Next Steps and Market Outlook
Far Northern Resources has submitted 1-metre split samples from the Phase 1 drilling for more detailed assay analysis, with results expected within six weeks. These finer-scale assays will provide greater resolution on grade distribution and help validate the composite results reported so far. The company plans to use this data to refine drilling targets and design subsequent exploration phases aimed at further resource delineation and potential upgrade.
While the economic viability and resource classification upgrades remain to be confirmed, the Phase 1 results mark a significant step forward for Bridge Creek. Investors will be watching closely as the company progresses towards a more comprehensive resource update and feasibility assessments.
Bottom Line?
Bridge Creek’s expanding gold footprint signals growing potential, but finer assays and further drilling will be critical to confirm resource upgrades.
Questions in the middle?
- Will the upcoming 1m split assays confirm the high-grade composite results and support resource expansion?
- How might these drilling results influence the timing and scale of future development plans at Bridge Creek?
- What are the implications of the mineralisation extensions for the overall valuation of Far Northern Resources?