Flynn Gold (ASX:FG1) reports it has logged ‘significant’ additional gold intersections in latest assays from maiden diamond drillhole TFDD002 at the Trafalgar prospect in the Golden Ridge Project, located in Tasmania.
Intersections from TFDD002 include:
- 4.3m @ 4.34g/t Au from 594.7m, including 2.05m @ 7.28g/t Au from 594.7m (including 0.4m @ 17.3g/t Au from 594.7m and 0.75m @ 10.15g/t Au from 596m).
- 9.0m @ 2.28g/t Au from 289m, including 5.7m @ 3.46g/t Au from 292.3m (including 1.8m @ 5.58g/t Au from 292.3m, and 1m @ 6.69g/t Au from 297m)
- 1.3m @ 2.37g/t Au from 250.7m, including 0.4m @ 6.68g/t Au from 250.7.
TFDD002 is the first diamond hole of Flynn’s drilling program at the Trafalgar Prospect.
The hole was designed to target extensions to a historical drillhole intercept of 5m @ 12.56g/t Au (TFDD001) and to provide important stratigraphic, structural and mineralogical information to advance the Company’s understanding of the mineralisation system at Trafalgar.
Subsequent drilling which is currently in progress, is testing for extensions to the gold mineralisation encountered in holes TFDD001 and TFDD002 over a strike length of 250m.
Flynn Chief Executive Officer, Neil Marston said the maiden drillhole at the Trafalgar Prospect has delivered an excellent outcome for Flynn Gold, with the Company intersecting multiple zones of high-grade gold.
“Historical drilling had only intersected one gold zone below the old Trafalgar mine workings, so the discovery of these new highly mineralised structures increases the potential of this prospect.
Trafalgar is the first location at Golden Ridge where the intrusive-hornfels contact has been drill tested since Flynn Gold listed in 2021.
This geological contact has been identified over an 8km strike length, providing the exploration team with confidence that the Golden Ridge Project has the potential to become a significant gold system.”.
The ‘high-grade’ gold mineralised intercepts are generally associated with quartz-sulphide (pyrite-arsenopyrite-galena) visible gold bearing veins and vein breccia hosted in biotite-hornsfelsed sediments of the Mathinna Group.
The main mineralised vein sets appear to strike east-north-east to west-south-west and dip steeply to the south east.
Projections of the vein zones to surface are being followed up with surface mapping and sampling.
A wedge hole, TFDD002B was drilled off TFDD002 from a depth of 123m downhole and was completed to a depth of 420.6m.
TFDD002B did not deviate from the line of TFDD002 as much as the Company had planned and the mineralised zones intersected TFDD002B were in similar locations to TFDD002.
They will provide valuable comparative geological information and assay results of these zones in due course.
Hole TFDD003 was drilled towards the south from an offset position approximately 100m west along the interpreted strike of the main mineralised veins intersected in TFDD002.
Logging and selective sampling for assaying of likely mineralised zones within TFDD003 is well advanced.
Hole TFDD004 has been commenced from the same collar position as TFDD003. This hole is being drilled at a steeper dip to test for mineralisation below TFDD003.
Once hole TFDD004 is completed, Flynn plans to drill additional holes to test along strike and up-dip extensions of the multiple gold bearing veins intersected in drilling to date.
Flynn Gold is an Australian mineral exploration company with a portfolio of exploration projects in Tasmania and Western Australia.
The company has eight 100% owned tenements located in northeast Tasmania and has established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia.
Flynn also has prospective tin projects within its northeast Tasmania gold project, as well as 2 zinc-silver tenements on Tasmania’s mineral-rich west coast.
Concurrently with the Company’s drilling at the Trafalgar Prospect, drilling and associated activities at other northeast Tasmanian prospects remains on-going.
The company completed a diamond drilling program at the Brilliant Prospect at the Golden Ridge Project in April 2022.
A total of 14 holes (BRDD001-BRDD014) for 4,222m were drilled.
Selective drill core sampling has been completed and Flynn is awaiting final assay results before updating the geological model for this prospect.
Flynn also completed its Phase 2 diamond drilling program at the Grand Flaneur Prospect within the Portland Project in July 2022.
Four holes (GFDD007-GFDD010) for 1,190.5m were completed, and core logging, cutting and selective sampling is ongoing.
Once all sampling and assay results are received, Flynn will update its geological model for this prospect.
Flynn also recently completed a regional scout RC drilling program at the Golden Ridge Project.
In total, 12 RC holes for 1,455m were completed across the Kensington (KERC001-KERC005), Blinding (BLRC001-BLRC002) and Link Zone (LZRC001-LZRC005) prospects.
This RC program is the first recorded drilling undertaken at these prospects, and was designed as a scout program to test previously undrilled target areas identified by Flynn.
Sample assaying is underway.
Recent exploration activities at the Mangana and Lisle Projects have involved historical data reviews, prospect reconnaissance to confirm access, geological mapping and sampling.
It is expected that this work will lead to the generation of targets for future drill testing.
Images: Flynn Gold Ltd & iStock
