Flynn Gold (ASX: FG1) has commenced a diamond drilling campaign at the Grenadier greenfields discovery, part of its wholly-owned Golden Ridge project in north-east Tasmania. Flynn Gold is an Australian-based mineral exploration company focused on gold and tin projects in Tasmania and Western Australia. The company is actively exploring several prospective areas with the aim of discovering and developing significant mineral deposits.
The initial five-hole campaign, totaling 600 metres, will assess the down-dip continuity of high-grade assays identified from recent surface trench sampling. Previous trench sampling highlights include 1.3m at 6.6 grams per tonne gold, featuring 0.4m at 17.7g/t, and 2.3m at 4.2g/t gold, including 0.4m at 11.0g/t. To date, 11 trenches have revealed substantial gold mineralisation within northeast-trending quartz-sulphide veins, ranging in true thickness from 350mm to 600mm and mapped over a strike length of at least 300m.
The first hole will test the down-dip extension of Trench 9 bulk sampling area to a depth of 110m, where conventional cyanide leach testing of six samples returned an average grade of 10.5g/t gold with 95% recovery. The remainder of the program will investigate new targets from a Grenadier trenching program designed to test the south-eastern portion of a significant gold-in-soil anomaly covering approximately 1 sq km of the south-western margin of the Golden Ridge Granodiorite. Flynn Gold chief executive officer Neil Marston said the company was keen to unlock the full potential of Grenadier’s largely untested gold system.
In addition to the Grenadier drilling, Flynn Gold is also conducting an infill and extensional drilling campaign at Golden Ridge’s Trafalgar prospect. Four holes have been completed to date for 879m, targeting extensions of high-grade intercepts returned in earlier campaigns. Assays for the four holes are pending.
