Flynn Gold has discovered a new high-grade gold vein zone at its Golden Ridge project in Tasmania.
The zone returned favourable results, with 17 out of 36 grab rock chip samples demonstrating over 10 grams per tonne (g/t) gold, including 99.4g/t, 76.6g/t, and 67.1g/t.
According to Flynn, the gold is hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone. Assays from initial trench channel sampling include high-grade mineralised intervals, including:
- 11m at 2.0g/t gold including 3.3m at 6.3g/t gold
- 16.5m at 1.3g/t gold including 1.5m at 6.8g/t gold and 4.0m at 2.4g/t gold.
The new vein zone discovery significantly expands the gold mineralised footprint at the Trafalgar prospect. Diamond drilling is 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 chief executive officer Neil Marston said.
“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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