Grenadier Trench Samples Yield Up to 13.8g/t Gold in New Vein System
Flynn Gold has confirmed a significant new quartz vein system at its Grenadier Prospect in Tasmania, with high-grade gold assays and a 10-tonne bulk sample collected for metallurgical testing. Drilling approvals are now in place to further explore this promising greenfield discovery.
- New quartz vein system extends over 300m strike length at Grenadier
- High-grade gold assays up to 13.8g/t from trench sampling
- 10-tonne bulk sample collected for metallurgical testwork
- Drilling approvals granted to test vein continuity and structure
- Ongoing drilling at Trafalgar Prospect with assays pending
Significant Discovery at Grenadier
Flynn Gold Limited (ASX: FG1) has announced a major breakthrough at its 100%-owned Golden Ridge Project in northeast Tasmania, revealing a substantial new quartz vein system at the Grenadier Prospect. The vein system extends over a strike length of at least 300 metres, marking the widest and longest mineralised vein uncovered by the company to date.
Recent trenching campaigns have exposed this extensive vein system, with assays from channel sampling returning impressive gold grades, including 0.6 metres at 13.8 grams per tonne (g/t) and multiple intervals exceeding 1.5 g/t. Notably, trench 9 revealed gold grades ranging from 6.6 to 11.8 g/t over an 11-metre strike, highlighting the vein's high-grade potential.
Bulk Sampling and Metallurgical Testing
To advance understanding of the vein's characteristics, Flynn Gold has collected a 10-tonne bulk sample from trench 9, recently approved by Mineral Resources Tasmania. This sample, rich in pyrite and arsenopyrite mineralisation, is destined for initial metallurgical testwork aimed at assessing gold grade variability and processing characteristics. The results of these tests will be critical in evaluating the economic viability of the mineralisation.
Drilling Plans and Exploration Upside
With drilling permits now secured, Flynn Gold is preparing to commence an initial drilling campaign at Grenadier. This program will focus on testing the down-dip continuity of the high-grade quartz-sulphide veins and investigating the structural controls of gold mineralisation. The Grenadier Prospect, a genuine greenfield discovery with no prior recorded mining activity, lies outside the company's current Exploration Target, suggesting significant upside potential.
Meanwhile, drilling continues at the Trafalgar Prospect, the company's most advanced target on the eastern side of the Golden Ridge granodiorite intrusion. Assay results from this 2,000-metre Phase 4 diamond drilling program are awaited and expected to provide further insights into the project's resource potential.
Broader Project Context
The Golden Ridge Project encompasses a 167 square kilometre area with multiple prospects, including the newly active Double Event Prospect where trenching and drill pad construction have recently commenced. Flynn Gold's portfolio also includes other Tasmanian assets and exploration projects in Western Australia, positioning the company well within the Australian gold exploration sector.
Managing Director Neil Marston emphasised the significance of the Grenadier discovery, noting the rapid progress from soil sampling to trenching, bulk sampling, and now drilling. He highlighted the prospect's substantial scale and the consistent high-grade assays as key drivers for the company's exploration strategy moving forward.
Bottom Line?
As Flynn Gold advances drilling and metallurgical testing, the Grenadier Prospect could redefine the company's growth trajectory in Tasmania's gold sector.
Questions in the middle?
- What will the metallurgical testwork reveal about the processing characteristics of the Grenadier bulk sample?
- How will upcoming drilling results at Grenadier and Trafalgar influence resource estimates and project valuation?
- Could further exploration uncover additional parallel vein systems within the extensive gold-in-soil anomaly at Grenadier?
