Flynn Gold makes significant new gold discovery at Trafalgar

Flynn Gold (ASX: FG1) has confirmed its Trafalgar prospect in Tasmania as a significant new gold discovery after receiving “outstanding” drilling results.

The explorer has now completed five diamond drill holes at the prospect, intersecting high-grade gold and silver over an open strike length of 200m and from depths of 40-400m below surface.

Highlight results were 12.3m at 16.8 grams per tonne gold and 27.6g/t silver from 108.7m, including 0.85m at 72g/t gold; and 96.1g/t silver, and 2m at 68.5g/t gold and 123g/t silver from 119m to end of hole, including 1.25m at 106.6g/t gold and 195.1g/t silver.

Within the 1.25m intercept was an even higher grade interval of 0.7m at 152.5g/t gold and 277g/t silver.

The company reported additional visible gold zones intersected with assays pending. Drilling is ongoing with planning and permitting for further work underway.

Flynn chief executive officer Neil Marston said this “very exciting” high-grade gold intersection demonstrates that a “significant new gold discovery” has been made at Trafalgar, which lies within the company’s greater Golden Ridge project.

“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 200m in a generally east-west corridor.”

“High-grade silver was also detected in this intercept which is new for this system and something we will pursue further. Gold mineralisation is open in both directions as well as down dip,” Mr Marston added.

He said the company is now planning further drilling at Trafalgar to test for extensions to the high-grade gold veins identified.

Trafalgar prospect

The Trafalgar prospect is located within Flynn’s wholly-owned Golden Ridge project in northeast Tasmania, where it is exploring a gold mineralised corridor extending over an 8km long granodiorite-metasediment contact zone.

The Golden Ridge trend continues to exhibit signs of being a large intrusive-related gold system and the company is continuing to develop multiple exploration targets along the trend towards making further discoveries.

Flynn’s exploration portfolio also includes prospective tin projects within the Golden Ridge project, two zinc-silver tenements on Tasmania’s west coast, and gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia.