Flynn Gold (ASX:FG1) maiden drilling confirms strike extensive silver system at Silver King

Flynn Gold has reported maiden diamond drilling results from its 100% owned Henty Silver Lead Zinc Project near Zeehan in western Tasmania, with the program confirming significant silver lead zinc mineralisation beneath the historical Silver King and South King mines.

The 5 hole program represents the first modern drilling completed along the Silver King Trend in more than 80 years and confirms the presence of significant silver lead zinc mineralisation beneath the historical workings.

Highlights

The drilling program comprised 5 diamond drill holes completed along the Silver King Trend, including 3 holes at the Silver King Prospect and 2 holes at the South King Prospect, which are located approximately 1km apart along the interpreted 1.6km long mineralised corridor.

According to the company, the program represents the first systematic test of the Silver King geological model beneath the historical mining centres.

All 5 drill holes intersected silver lead zinc mineralisation, confirming the presence of mineralised vein structures beneath both the Silver King and South King historical mines.

Flynn Gold said the drilling has significantly improved its understanding of the structural controls on mineralisation and supports an emerging geological model of strike extensive, structurally controlled vein systems hosting multiple high grade shoots along the Silver King Trend.

Interpretation of the maiden drilling results, together with historical mine workings, geochemistry and geological mapping, has enabled Flynn Gold to identify 4 interpreted high grade shoot target areas along the 1.6km Silver King Trend.

These comprise the minimally drilled Silver King and South King prospects, together with the undrilled Fahey's Gap and Sunrise Bell targets.

According to Flynn Gold, the interpreted shoot targets highlight the significant exploration upside remaining along the largely untested Silver King Trend.

Flynn Gold Managing Director and CEO Neil Marston said:

"This maiden drilling program has delivered exactly what we set out to achieve, beyond confirming high grade silver lead zinc mineralisation beneath the historical Silver King and South King mines, the program has significantly improved our understanding of the geological controls on mineralisation along the Silver King Trend, providing a strong platform for the next phase of exploration."

Alongside the drilling program, Flynn Gold has continued compiling historical exploration data together with regional geological mapping and reconnaissance rock chip sampling across the broader North Henty Project area.

A total of 74 rock chip samples were collected from historical mine workings, mullock dumps and mineralised float occurrences, with 44 samples returning grades exceeding 311g/t AgEq, including 13 samples exceeding 933g/t AgEq.

The company stated that many of the highest grade samples were collected from historical mines and prospects developed on vein trends subparallel to the Silver King Trend, demonstrating that high grade silver lead zinc mineralisation is not confined to the Silver King Trend and occurs across multiple mineralised vein systems within the North Henty Project, with only limited historical drilling completed beyond the Silver King Trend.

Despite this, sparse drilling of the adjacent Maxim and Austral vein trends intersected significant Ag Pb Zn mineralisation, with no subsequent follow up.

According to Flynn Gold, these results, together with geological mapping and surface sampling, reinforce the potential for multiple mineralised vein systems across the North Henty Project and highlight the considerable exploration upside remaining across largely untested targets.

Results from the maiden drilling program are being integrated with geological mapping, surface geochemistry and historical mining data to refine the Silver King geological model and prioritise follow up exploration targets.

Planned activities include geological and structural modelling, follow up mapping and sampling of parallel mineralised vein trends, and generation of priority drill targets.