Structural Challenges Emerge as Flynn Gold Advances Drilling at Golden Ridge Prospects
Flynn Gold has initiated its first diamond drilling campaign at the newly discovered Grenadier Prospect in Northeast Tasmania, targeting high-grade gold zones identified through recent trench sampling. Concurrently, drilling at the Trafalgar Prospect confirms mineralisation extensions, with further assay results awaited.
- Maiden diamond drilling underway at Grenadier Prospect targeting high-grade gold
- First drill hole testing down-dip extension of trench samples with 10.5g/t average grade
- New trenching program to explore southeastern portion of 1km x 1km gold-in-soil anomaly
- Phase 4 drilling at Trafalgar Prospect completed; assays confirm strike extensions
- Strong metallurgical recoveries and excellent infrastructure access at Golden Ridge
Exploration Momentum Builds at Golden Ridge
Flynn Gold Limited (ASX, FG1) has taken a significant step forward in its exploration campaign by commencing a maiden diamond drilling program at the Grenadier Prospect, a recent greenfields gold discovery within its 100%-owned Golden Ridge Project in Northeast Tasmania. This initial program, comprising five drill holes totaling approximately 600 metres, aims to test the down-dip continuity of high-grade gold mineralisation previously identified through surface trench sampling.
The first hole, currently in progress, targets the down-dip extension of mineralisation exposed in Trench 9, where bulk sampling returned an impressive average grade of 10.5 grams per tonne (g/t) gold with 95% recovery using conventional cyanide leach methods. This promising metallurgical result underscores the potential economic viability of the mineralised zones.
Expanding the Gold Footprint with Trenching
Alongside drilling, Flynn Gold has initiated a new trenching program to explore the southeastern portion of a broad 1km by 1km gold-in-soil anomaly at Grenadier. This anomaly, defined by ultra-fine fraction soil sampling, remains largely untested and could reveal additional high-grade targets. The ongoing trenching campaign is designed to unlock further potential and generate new drill targets, leveraging the success of previous trenching efforts that have proven effective in delineating mineralised zones.
Progress at Trafalgar Prospect Reinforces Confidence
Meanwhile, Flynn Gold has completed Phase 4 diamond drilling at the Trafalgar Prospect, the project's most advanced target. This phase focused on in-fill and extensional drilling to increase geological confidence and support future resource estimation. Assay results for two holes at Trafalgar North confirm mineralisation continuity along strike, extending the known footprint by approximately 60 metres in both directions. Assays for four additional holes at the main Trafalgar zone are pending, with the market eagerly awaiting these results.
Structural complexities encountered in some drill holes, such as TFDD022, suggest potential fault offsets or truncations affecting mineralisation continuity, highlighting the nuanced geology Flynn Gold is navigating. Nonetheless, the company’s systematic approach to drilling and trenching is steadily building a clearer picture of the mineralised system.
Strategic Advantages and Outlook
Flynn Gold’s Golden Ridge Project benefits from excellent infrastructure access and a strategic location in a historically underexplored region. The company’s disciplined exploration methodology, including the use of photon assay technology and rigorous quality control, enhances confidence in the data quality and the prospects’ potential.
Managing Director Neil Marston emphasised the excitement around Grenadier’s potential, describing it as a compelling discovery that could significantly add to the project’s value. The combination of high-grade surface results, encouraging metallurgical recoveries, and ongoing drilling activity positions Flynn Gold well to advance its resource base in the coming months.
Bottom Line?
As Flynn Gold advances drilling at Grenadier and awaits key assay results from Trafalgar, the next updates could be pivotal in defining the scale and quality of its Tasmanian gold assets.
Questions in the middle?
- Will the remaining Grenadier drill holes confirm the continuity and extent of high-grade gold mineralisation?
- How will pending assay results from Trafalgar’s Phase 4 drilling influence resource estimates and development plans?
- What structural complexities might impact the overall resource model and mining feasibility at Golden Ridge?