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Flynn Gold Ltd (ASX:FG1) has extended a gold-in-soil anomaly at the Grenadier prospect of its Golden Ridge project in Tasmania, with its footprint now measuring more than 1 kilometre north-south and 800 metres east-west.
The company has been conducting soil sampling work at the prospect, which has enabled them to extend the anomaly being extended 300 metres further into the interior of the granodiorite, yielding results of up to 25.3 parts per billion (ppb) and 24.3ppb gold.
Flynn has also found a new gold-in-soil anomaly along the Western contact, around 900 metres to the north of Grenadier, with the ground between these 2 areas never having been subject to soil or rock chip sampling.
Follow-up sampling is planned to assess this anomaly to the north and south.
Managing director and CEO Neil Marston said Flynn was bringing up strong results from its continuing work on site.
“The ongoing soil sampling campaign at the Golden Ridge Project is yielding more highly encouraging results,” he said.
“The footprint of the Grenadier gold-in-soil anomaly has been expanded by a further 300m
to the east. This anomaly is now defined over a 1 kilometre by 800 metre area, highlighting the significant scale potential of this new prospect.
“Ongoing exploration continues to build our understanding of the mineralised system at Golden Ridge, and we look forward to advancing our work programs, including a significant drilling program, across key target areas in the coming months.”
Flynn shares have been trading at 0.4 cents.
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