Flynn Gold Claims New Tasmanian Gold Discovery
THE DRILL SERGANT: Flynn Gold (ASX: FG1) has claimed a new gold discovery at the company’s 100 per cent-owned Golden Ridge project in Northeast Tasmania.
Flynn Gold announced the discovery of an extensive system of gold bearing quartz veins within historical workings located approximately 250m north of the historic Trafalgar Mine at Golden Ridge.
The discovery came via 17 out of 36 grab rock chip samples that assayed over 10 grams per tonne gold, including 99.4g/t gold, 76.6g/t gold and 67.1g/t gold.
Flynn Gold described the gold as being hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone.
The company completed initial trench channel sampling that produced high-grade mineralised intervals of:
11 metres at 2 grams per tonne gold, including 3.3m at 6.3g/t gold; and
16.5m at 1.3g/t gold, including 1.5m at 6.8g/t gold and 4m at 2.4g/t gold.
Flynn Gold declared the new vein zone discovery expands the gold mineralised footprint at the Trafalgar prospect.
The company now has diamond drilling underway to test gold mineralisation at depth below the trenching.
“The company is excited by the discovery of multiple high-grade gold veins approximately 250m north of the main Trafalgar gold deposit at Golden Ridge in Northeast Tasmania,” Flynn Gold managing director and CEO Neil Marston said in the company’s ASX announcement.
“These gold veins were exposed in trenching over an area of historical mine workings which appear unrecorded since they were dug about a century ago.
“The vein system potentially expands the footprint of gold mineralisation at Trafalgar to a 500m wide corridor which remains open in all directions, once again confirming the potential for significant scale at the Golden Ridge project.
“With so many high-grade gold assays recorded at the surface we have adjusted our ongoing diamond drilling program to test beneath these old workings and we look forward to reporting the results of this drilling shortly.”
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