Economy 18-04-2024 13:01 3 Views

Drilling Underway at Trafalgar High-Grade Gold Prospect

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide an update on activities at the Company’s 100% owned Golden Ridge Project located in Northeast Tasmania (Figure 1).

Highlights

Phase 3 drilling has commenced at Trafalgar high-grade gold prospectPreviously reported drilling included multiple intersections grading >100g/t Au, including:TFD001:5.0m @ 12.56g/t Au, incl. 0.4m @ 150.0g/t Au from 202.0mTFDD003:1.2m @ 65.9g/t Au, incl. 0.5m @ 143.0g/t Au from 57.5mTFDD005:12.3m @ 16.8g/t Au, incl. 0.7m @ 152.5g/t Au from 120.3mTFDD013:4.0m @ 23.7g/t Au, incl. 0.5m @ 169.8g/t Au from 25.9mNew geological vein model for Trafalgar indicates multiple sub- parallel high-grade veinsAn initial 1,500m drill program is planned that will comprise infill and extension drilling targeting down-dip and along-strike extensions to previous high-grade gold intercepts

Geological modelling of the multiple high-grade veins intersected in drilling at the Trafalgar Prospect in 2022/23 has been completed. The next phase of diamond drilling (Phase 3) has commenced to test in-fill and extensional drilling targets generated from the new geological model.

Managing Director and CEO, Neil Marston commented,

“Since the completion of drilling at the Trafalgar prospect at Golden Ridge in 2023, Flynn Gold has been undertaking geological modelling of the high-grade gold intersected in multiple vein sets.

“This modelling work, in combination with our recent soil sampling activities, demonstrates the potential for extensive gold mineralisation at Golden Ridge.

“Based on the latest information we have designed a program of drill holes with the goal being to target down-dip and along-strike extensions to previous high-grade gold intercepts.

“As gold prices hit record highs, it’s an exciting time for our team to be drilling this new Tasmanian gold discovery.”

Trafalgar Prospect – Geological Vein Model

A 3D geological vein model was recently completed for the Trafalgar prospect. The model interprets 3 main gold mineralised veins, accompanied by a network of subsidiary mineralised splay veins and sheeted vein swarms bifurcating off the main veins (see Figure 2).

All of the main mineralised veins transect the granodiorite – hornfelsed metasediments contact, with gold mineralisation hosted in both the granodiorite and metasediment host rocks.

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