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- Flynn Gold (FG1) hits more gold at the Trafalgar prospect, confirming a “significant” new discovery within its Golden Ridge project in north-east Tasmania.
- All five drill holes completed at the Trafalgar prospect returned high-grade gold over an open strike length of 200 metres from between 40 to 400 metres deep
- The most recent assays included 12.3 metres at 16.8 grams per tonne (g/t) gold and 27.6 g/t silver from 108.7 metres
- Drilling is ongoing at Trafalgar, with planning and permitting for additional drilling underway
- FG1 shares are up 75.26 per cent and trading at 17 cents at 2:22 pm AEDT
Flynn Gold (FG1) has intersected more gold at the Trafalgar prospect, confirming a “significant” new discovery within its Golden Ridge project in north-east Tasmania.
Each of the five drill holes completed so far at the Trafalgar prospect has returned high-grade gold over an open strike length of 200 metres and from depths of between 40 to
400 metres.
The most recent assays included 12.3 metres at 16.8 grams per tonne (g/t) gold and 27.6 g/t silver from 108.7 metres.
This intersection also included two metres at 68.5 g/t gold, 1.25 metres at 106.6 g/t gold, and 0.7 metres at 152.5 g/t gold and 277 g/t silver from 120.3 metres to the end of the hole.
Visible gold was also recorded while drilling, with assays pending.
Flynn Gold CEO Neil Marston said the results were “very exciting” and demonstrated the company had made a “significant new gold discovery”.
“The most pleasing aspect of this latest result is that we now have high-grade gold mineralisation confirmed in at least two vein zones over a strike length exceeding 200 metres in a generally east-west corridor,” Mr Marston said.
“High-grade silver was also detected in this intercept which is new for this system and something we will pursue further.”
Drilling is ongoing at Trafalgar, with planning and permitting for additional drilling underway.
Shares in Flynn Gold were up 75.26 per cent and trading at 17 cents at 2:22 pm AEDT.
