Flynn Gold (ASX:FG1) has posted another round of ‘high-grade’ gold results from the Trafalgar prospect within its Golden Ridge Project in Northeast Tasmania, Australia.
The new results come from hole TFDD005B and include 3.5m @ 8.33g/t au from 379.5m, including 2.0m @ 13.75g/t Au from 380.3m. They follow previously announced results from the hole of 14.7m @ 5.5g/t Au and 6g/t Ag from 109.4m, including 0.6m @ 109g/t Au and 96.1g/t Ag from 121.8m.
Meanwhile, the company reports the first hole of its phase two drilling program at the prospect was completed to a depth of 213m, with its first batch of samples submitted for laboratory analysis.
Hole TFDD010 has begun to test the eastern and depth extensions of the ‘high-grade’ mineralisation observed in hole TFDD005B.
The next drillhole will be a re-entry of TFDD008 to broaden the hole to intercept the T1 mineralised zone and test for continuity of the intercepts reported from hole TFDD005B.
Commenting on the results and ongoing exploration, Flynn Gold Chief Executive Officer (CEO) Neil Marston says: “The latest assays reveal further significant gold intersections in addition to the exceptional results previously reported for this hole. This is a clear indication of the growing scale and significant potential of the multi-vein system at Trafalgar.
“This is a clear indication of the growing scale and significant potential of the multi-vein system at Trafalgar”
The Trafalgar discovery emphasises the potential of the Golden Ridge Project to host additional gold deposits which collectively enhance the company’s aim of establishing a significant gold mineral resource at the project.
The company is awaiting laboratory assays for over 500 core samples from phase one and the first hole on phase two drilling, and we look forward to updating the market with these results as they come available over the coming weeks.”
Flynn Gold’s current program was designed to test the western extension of the Trafalgar vein system.
Flynn Gold is an Australian mineral exploration company with a portfolio of exploration projects in Tasmania and Western Australia. The company has 8 wholly owned tenements in northeast Tasmania and an established portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia.
Images: Flynn Gold Ltd
