Flynn Gold strikes high-grade quartz veins at new Trafalgar North discovery

Flynn Gold (ASX: FG1) has intercepted multiple gold-bearing quartz veins in maiden drilling at the new Trafalgar North discovery within its flagship Golden Ridge project in Tasmania.

The veins have been confirmed over a 500-metre-wide zone along the granodiorite-hornfels contact, extending from the surface to more than 150m depth and open in all directions.

Best assays were 3.05m at 4.9 grams per tonne gold from 53.1m including 0.35m at 40g/t, 2.7m at 4.1g/t gold from 115.4m including 0.35m at 26.6g/t and 4.8m at 4g/t gold from 165.6m including 0.4m at 17.9g/t from 166.9m.

High-grade veins

Chief executive officer Neil Marston said the early results were promising for Golden Ridge.

“Our drilling has successfully intersected high-grade gold veins beneath the recently discovered trenching area at Trafalgar North and confirmed our interpretation that this zone is continuous at depth and potentially is a parallel zone to the Trafalgar prospect mineralisation,” he said.

“It increases our mineralised footprint at Trafalgar from 300m to 500m width across the granodiorite-sedimentary contact and reinforces our view that this project has the potential to host large-scale gold mineralisation.”

New gold zone

Maiden diamond drilling at the Trafalgar prospect began in April for an initial 1,500m and comprised in-fill and extension holes targeting down-dip and along-strike extensions to previously drilled high-grade gold intercepts.

Flynn discovered Trafalgar North in June as a new zone of gold mineralisation located 250m north of the historic Trafalgar mine in surface trenches after the area became the focus of drilling in the latter part of the campaign due to its potential to significantly increase Trafalgar’s mineralised footprint.

Flynn is conducting follow-up channel sampling, with the southern section of the trench now fully-sampled over a distance of 89m, delivering a best assay of 9m at 0.6g/t gold including 1m at 2.1g/t and 1m at 4.2g/t gold.

Exploration, including follow-up soil sampling, is also ongoing at the Grenadier and Big Penny prospects identified at Golden Ridge earlier this year.