Flynn Gold (ASX:FG1) grabs high-grade gold connection from Apple Isle adit

Flynn Gold (ASX:FG1) grabs high-grade gold connection from Apple Isle adit

May 21, 2024 Off By Jack Baker

Flynn Gold mapping and vein sampling has discovered a zone of high-grade gold mineralisation at the Link Zone prospect within the adit of the historic Golden Ridge mine in northeastern Tasmania.

Underground grabs of the mineralised veins recorded assays of 64.4, 37.6, and 15.9 grams per tonne gold, providing a high-grade connection to the Trafalgar and Brilliant prospects and the potential of a long stretch of strike going down a minimum of 500 metres.

Mineralisation presents new drill targets and an offer to significantly extend the system between Brilliant and Trafalgar, where diamond drilling is now underway to infill high-grade zones and test for extensions.

Flynn Gold is targeting a mineralised contact which has now grown to over 9km long, and Managing Director and CEO Neil Marston said its confidence in an extensive, high-grade intrusive system continued to grow.

“High grade mineralisation exists within an increasingly well-defined corridor that has the potential to link the Brilliant and Trafalgar prospects over a strike length of 2.5km,” Marston said.

“Whilst drilling is ongoing at Trafalgar our exploration team is actively exploring to further extend the gold system at Golden Ridge which we expect will lead to identifying additional drilling targets similar to the Link Zone.”

Mapping and sampling over the Link Zone are ongoing, and Flynn is looking at larger volume future work to avoid a nugget effect as it plans for future drilling.

Fieldwork directed at spotting up more targets for the drill is also underway along the contact of the granite intrusion

While there are operating mines in the Apple Isle, Flynn believes it has claimed a first mover advantage in the northeast of one of the most mineralised places on earth.

The Melbourne-headquartered company sees a geological kinship between its nine fully owned tenements in the region and the Victorian Goldfields, offering discovery potential for both gold and tin.

Its aim is to quickly prove up high-grade gold deposits for high-priced bars, and a diamond drilling campaign now underway could prove very significant towards that end.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Editor-in-Chief
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us