Maiden Drilling at Double Event Yields Up to 35.1 g/t Gold Intercepts

Exploration Breakthrough at Double Event

Flynn Gold Limited (ASX, FG1) has reported encouraging results from its maiden diamond drilling program at the Double Event Prospect, part of its 100%-owned Golden Ridge Project in northeast Tasmania. The drilling successfully intersected high-grade gold mineralisation hosted in quartz-sulphide veins, with assay highlights including 2.5 metres at 6.3 grams per tonne gold, featuring narrower intervals grading as high as 35.1 g/t Au.

This initial drilling campaign comprised nine holes totaling 670 metres, designed to test historical high-grade veins and recent surface trenching results. Notably, every hole intersected mineralised structures, confirming the continuity and scale of the gold system beneath the surface. The results reinforce the potential of the Golden Ridge intrusive-related gold system, which extends along a granodiorite-sediment contact over a 9-kilometre strike length.

Expanding the Golden Ridge Gold Corridor

The Double Event Prospect lies just one kilometre north of Flynn’s Trafalgar Prospect, where previous drilling has returned spectacular gold grades exceeding 100 g/t. The recent drilling at Double Event, which was not included in Flynn’s earlier Exploration Target, adds a new dimension to the project’s potential. Soil geochemical sampling using the advanced Ultrafine Fraction (UFF+) technique has further delineated gold and arsenic anomalies, expanding known anomalies at Double Event, Big Penny, and Trafalgar North prospects.

These soil anomalies outline a continuous corridor of mineralisation exceeding 2 kilometres in strike length, with multiple sub-parallel vein systems yet to be fully explored. The geochemical footprint extends westward into the granodiorite interior, suggesting a complex and extensive mineralised system consistent with large intrusive-related gold deposits.

Historical Context and Future Exploration

Historical records dating back to 1899 describe high-grade gold veins at Double Event, including assays up to 133.7 g/t from old shafts and adits. Flynn Gold has confirmed these historical findings with recent rock-chip sampling and trenching, which exposed significant gold mineralisation over a 275-metre strike length. The current drilling tested only about 80 metres of this strike, leaving substantial untested targets for follow-up.

Flynn plans to complete assays for the remaining three drill holes and conduct additional trenching to explore further sub-parallel mineralisation. Geological modelling will integrate these new data to refine exploration targets. Meanwhile, drilling has commenced at the nearby Mangana Project, targeting high-grade gold beneath historical workings at the Golden Entrance Mine, located 25 kilometres southwest of Golden Ridge.

Strategic Implications for Flynn Gold

These results mark a significant step forward for Flynn Gold’s exploration strategy in Tasmania. The confirmation of high-grade gold veins at Double Event, combined with expanding soil anomalies and multiple prospects along the granodiorite contact, supports the company’s view of a district-scale intrusive-related gold system. The ongoing exploration programs aim to grow the existing Exploration Target and potentially define a substantial Mineral Resource in the near future.

Flynn Gold’s disciplined approach, combining modern geochemical techniques with targeted drilling and trenching, positions it well to unlock the full potential of the Golden Ridge Project. Investors and analysts will be watching closely as further assay results and follow-up programs unfold.