Golden Ridge continues to expand

Flynn Gold has intersected grades of up to 64.4 grams per tonne (g/t) gold at its Golden Ridge project in north-east Tasmania.

Mapping and vein sampling in the historic Golden Ridge underground adit returned assays of 64.4g/t gold, 37.6g/t gold and 15.9g/t gold, demonstrating the discovery of a new high-grade gold prospect at the Link Zone target.

Link Zone is located between the Trafalgar and Brilliant targets, with the three prospects defining a high-grade corridor with a potential strike length of 2.5km and a vertical extent of at least 500m.

“Mineralisation in the newly identified Golden Ridge adit occurs as multiple sub-parallel steeply-dipping gold-rich quartz-sulphide veins visible over a zone 20–30m in width and correlates with similar veins mapped in historic trenches,” Flynn Gold said.

The company said these high-grade assays have identified new drill targets that could significantly extend the existing Trafalgar–Brilliant system.

Previous drilling at Brilliant and Trafalgar has returned multiple intersections over 100g/t gold. Flynn Gold is carrying out Phase 3 diamond drilling to follow up these results, with the first hole at the laboratory for assessment.

The diamond drill program will look to in-fill test high-grade gold zones discovered from earlier programs and test extensions to the known mineralisation.

“Our confidence in Golden Ridge as an extensive, high-grade intrusive-related gold system continues to grow with these Link Zone results confirming that high grade mineralisation exists within an increasingly well-defined corridor that has the potential to link the Brilliant and Trafalgar prospects over a strike length of 2.5km,” Flynn Gold managing director and chief executive officer Neil Marston said.

“Whilst drilling is ongoing at Trafalgar our exploration team is actively exploring to further extend the gold system at Golden Ridge which we expect will lead to identifying additional drilling targets similar to the Link Zone.”