Flynn Gold reports outstanding metallurgical results from its new Grenadier Prospect in NE Tasmania, with assays averaging 10.5g/t gold and 95% recovery via conventional leaching. Maiden drilling is set to begin soon, promising to unlock further potential.
- Bulk sample assays average 10.5g/t gold
- Gold recovery averages 95% using standard cyanide leach
- Results align with previous Trafalgar Prospect testwork
- Maiden drilling at Grenadier Prospect imminent
- Grenadier is a new greenfields discovery with significant upside
Strong Metallurgical Performance at Grenadier
Flynn Gold Limited has delivered a promising update from its Golden Ridge Project in Northeast Tasmania, revealing excellent metallurgical test results from a bulk sample taken at the newly discovered Grenadier Prospect. The assays returned an average gold grade of 10.5 grams per tonne, coupled with an impressive 95% gold recovery rate using conventional cyanide leaching techniques. These results closely mirror those from the nearby Trafalgar Prospect, reinforcing the potential of Flynn’s Tasmanian assets.
Implications for Processing and Project Viability
The high recovery rate achieved through standard leaching processes is a critical milestone. It suggests that the high-grade gold mineralisation at Grenadier can be efficiently extracted using well-established, cost-effective methods. This early metallurgical success reduces technical risk and lays a solid foundation for future processing plant design, a key consideration for advancing the project towards development.
Upcoming Drilling Campaign to Test Mineralisation Continuity
With all necessary permits secured, Flynn Gold is poised to commence its maiden drilling program at Grenadier in the coming weeks. This initial drilling will focus on shallow, first-pass holes aimed at confirming the down-dip continuity of the high-grade quartz-sulphide veins identified during recent trenching. The drilling results will be pivotal in defining the scale and geometry of the mineralised system, which remains a greenfields discovery outside previous exploration targets.
Strategic Significance of the Grenadier Prospect
Located on the western margin of the Golden Ridge Granodiorite intrusion, Grenadier represents a fresh opportunity for Flynn Gold, distinct from its more advanced Trafalgar Prospect. The discovery of high-grade gold mineralisation in an area with no historical mining activity underscores the prospect’s exploration upside. Flynn’s methodical approach, combining geological mapping, bulk sampling, and now drilling, positions the company well to unlock value from this new target.
Next Steps and Market Outlook
Flynn Gold plans to undertake more detailed metallurgical testing on a larger bulk sample to refine recovery estimates and processing parameters. Meanwhile, the imminent drilling campaign will provide critical data to assess resource potential. Investors will be watching closely as these developments unfold, with the Grenadier Prospect poised to become a key growth driver within Flynn’s portfolio.
Bottom Line?
Flynn Gold’s Grenadier Prospect is shaping up as a compelling new chapter, with metallurgical success and drilling on the horizon promising to reshape the company’s exploration narrative.
Questions in the middle?
- Will the upcoming drilling confirm the extent and continuity of high-grade mineralisation at Grenadier?
- How will detailed metallurgical testing influence future processing strategies and project economics?
- What impact could Grenadier’s success have on Flynn Gold’s overall resource base and market valuation?