Flynn Gold Intersects High-Grade Gold at Trafalgar
THE DRILL SERGEAT: Flynn Gold (ASX: FG1) raced out the first results from the latest diamond drilling activities at the company’s 100 per cent-owned Golden Ridge project located in Northeast Tasmania.
Flynn Gold reported assays from the first hole in the diamond drilling program underway at the Trafalgar prospect that has intersected numerous high-grade gold veins.
TFDD016:
0.4 metres at 67.6 grams per tonne gold within 1.3m at 21.9g/t gold from 248.7m;
0.3m at 39.2g/t gold from 243.2m;
0.5m at 35.1g/t gold within 1.4m at 12.7g/t gold from 164.6m (Trafalgar Main Vein);
0.3m at 19g/t gold within 0.65m at 10.5g/t gold from 187.55m (Magazine Vein);
0.3m at 12.3g/t gold within 1.2m at 3.5g/t gold from 233m; and
0.4m at 10.8g/t gold from 135.2m.
“These are impressive early results from the first hole of our drilling campaign at the Trafalgar prospect at Golden Ridge in Northeast Tasmania, adding further confidence to our understanding of Trafalgar as a multiple high-grade vein, intrusion-related gold deposit,” Flynn Gold managing director and CEO Neil Marston said in the company’s ASX announcement.
“Earlier this year our exploration model for Trafalgar was refined and updated.
“Based on the new model this first drill hole was designed to test for mineralisation beneath the historic Trafalgar mine, and up dip of previously intersected high-grade intervals.
“We have intersected high-grade mineralisation in the target zones, which increases confidence in our work and the ability to understand this high-grade gold system.
“We look forward to releasing further drilling results as this program progresses over the coming weeks.”
The company completed a second hole, TFDD017, last week to a final depth of 248.4m that was also designed to test all the main veins (Trafalgar Main, Magazine, and Trafalgar South veins) (see Figure 2). This hole is currently being logged and sampled.
A third drill hole, TFDD018, will commence this week with a target depth of 330m and is also designed to test all three of the main veins.
Assay results are anticipated to be announced when they become available.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
