Flynn Gold (ASX:FG1) will likely undertake any follow-up drilling at Warrentinna Project in northeast Tasmania next year as the company has a ‘pretty tight schedule’ between now and Christmas.
Speaking to Mining.com.au, Flynn Gold Chief Executive Officer (CEO) and Managing Director Neil Marston says the company wants to undertake more work at Golden Ridge and other prospects in the lead up to 2024.
The company today (27 September 2023) reports it has begun diamond drilling at the wholly owned Warrentinna Project.
Drilling comprises 2 diamond drillholes totalling for 300m, testing ‘highly prospective’ orogenic-style gold mineralisation at Warrentinna, which is defined by historical mine workings over a ‘largely’ untested 6km-long corridor with potential for near surface gold resources.
Marston tells this news service: “The drillholes we’ve planned are relatively shallow, about 150m each hole – there is mineralisation very much close to the surface there.
Our aim is to build our understanding on that prospect before we put additional drilling into it later on, after these results have come through.”
This current program is the first in a series of drilling programs that will be testing ‘high priority’ exploration targets across the $7.09 million market capitalisation company’s regional exploration projects in Tasmania.
Marston adds that follow up drilling at Warrentinna is anticipated to be next year, based on the company’s current plans.
“By the time we get this drilling completed and the assays back, it’ll be close to Christmas. When we’ve got all those results out of the lab, we will go back in the new year.”
The 2 drillholes at Warrentinna will be drilled in opposite directions, dipping moderately to the west. This aims to traverse multiple auriferous quartz vein zones indicated by previous drilling, alongside providing structural information that was not obtained from the previous drilling.
Marston also says: “Importantly, the gold mineralisation is near-surface and represents an opportunity for shallow gold resources.
“Outside of the company’s exciting Golden Ridge Project, this is the first of multiple drilling programs that Flynn has planned to test across the company’s regional exploration projects over the coming months“
Outside of the company’s exciting Golden Ridge Project, this is the first of multiple drilling programs that Flynn has planned to test across the company’s regional exploration projects over the coming months.”
The Warrentinna Project encompasses 2 historic goldfields, Forester and Warrentinna.
Flynn Gold is an Australian mineral explorer with a portfolio of projects in Tasmania and Western Australia prospective for gold and battery metals.
As of 30 June 2023, the company had $3.760 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Flynn Gold
