Flynn Gold Confirms Grenadier Prospect High-Grade Gold Vein System

THE DRILL SERGEANT: Flynn Gold (ASX: FG1) has confirmed a new quartz vein system extending over a strike length of at least 300 metres at the Grenadier prospect within the company’s 100 per cent-owned Golden Ridge project in Northeast Tasmania.

Flynn Gold initially identified the Grenadier prospect via soil sampling that was followed by rock chip sampling campaigns.

A recent trenching program at Grenadier comprised six trenches, resulting in the exposure of a quartz-sulphide vein of note (G2 Vein) and extending the known strike length of the Grenadier vein system by a further 190m to the northeast.

Mineralisation at Grenadier has now been defined over at total strike length of at least 300m trending to the northeast.

“These latest trenching results from the Grenadier prospect have significantly upgraded the prospectivity of this area,” Flynn Gold managing director and CEO Neil Marston said in the company’s ASX announcement.

“With the support of Mineral Resources Tasmania we have moved quickly to collect a 10-tonne bulk sample to facilitate initial metallurgical testwork.

“This latest discovery of a major mineralised vein system extending over a total strike length of over 300m is the widest and longest mineralised vein system uncovered to date.

“It is an exciting new development for Flynn Gold.

“Not only have we excavated across the vein strike in several trenches, but we have also opened up a trench along the vein – with sampling of the vein length yielding consistent assays of up to 11.8 grams/tonne gold.

“We look forward to now moving ahead with an initial drilling campaign at Grenadier to enhance our understanding of the local geology as well as extending our exploration activities into adjacent areas.

“The Grenadier prospect is not included in our Exploration Target for the Golden Ridge project and offers substantial upside.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE