Flynn Gold (ASX: FG1) has intersected high-grade gold in quartz-sulphide veins during maiden diamond drilling at the Double Event prospect within its Golden Ridge project in Tasmania.
The shallow campaign comprised nine short, closely-spaced holes for a total 670 metres to test quartz-sulphide veins reported in historical records and confirmed in recent trenching.
Double Event lies 1 kilometre north of Flynn’s Trafalgar prospect, where previous drilling has returned ++high-grade intersections++ of more than 100g/t gold.
Double Event Returns
Drilling returned significant intervals of 2.5m at 6.3 grams per tonne gold from 37.3m including 0.3m at 22.2g/t and 0.25m at 35.1g/t, 1.8m at 1.9g/t gold from 43.2m including 0.3m at 9.9g/t, and 1.1m at 2.9g/t gold from 32.8m including 0.55m at 5.1g/t.
Trenching along strike of the Double Event shaft exposed significant gold mineralisation hosted within east-to-north-east-trending quartz-sulphide veins over a strike length of more than 275m.
Best channelling results were 2.6m at 6.4g/t gold including 0.2m at 15.2g/t and 0.8m at 16.5g/t, 0.4m at 17.4g/t gold, and 0.3m at 17g/t gold.
Latest trenching efforts identified that quartz veining continues further west, with five additional mapped veins returning elevated arsenic but no significant gold mineralisation.
Golden Ridge Prospectivity
Managing director Neil Marston said the maiden campaign results had validated Golden Ridge’s prospectivity.
“Every drill hole to date from this prospect has intersected the mineralised structures, reinforcing our confidence in the scale and continuity of the Golden Ridge intrusive-related gold system,” he said.
“These results — together with the expanding soil geochemical anomalies we have delineated — continue to build evidence for the presence of multiple sub-parallel mineralised zones along the 9km corridor surrounding the project’s granodiorite contact.”
Historical Exploration
Historical gold workings at Double Event were first recorded in Tasmanian government reports from 1899, which described a steeply north-dipping quartz vein hosted within weathered granite.
The vein was reported to widen to 0.9m in places and returned grades of up to 133.7g/t gold from the bottom of an 18m shaft.
Flynn located the mine shaft and confirmed the presence of high-grade gold by sampling mineralised quartz float from mullock dumps adjacent to the collapsed adit, shaft, and historical trenches.
