Flynn Gold identifies multiple new targets at Golden Ridge
Proactive Investors
Published Apr 17, 2024 11:06
Updated Apr 17, 2024 11:30
Flynn Gold identifies multiple new targets at Golden Ridge
Flynn Gold Ltd (ASX:FG1) has identified multiple new gold drilling targets at its 100%-owned Golden Ridge Project in northeast Tasmania.
A soil sampling program at the project has been progressively undertaken since an initial sampling trial using the UltraFine+ technique was initiated in May 2022.
Results of this sampling have highlighted the known prospect areas and several new target areas with gold anomalism not associated with historical workings. They also confirm the potential of the Ultrafine+ technique as an effective exploration tool at the project
Assays have defined anomalous gold in soils over a combined strike length of at least 9 kilometres along the granodiorite-metasediment contact zone at Golden Ridge.
This granodiorite-metasediment contact soil anomaly remains open along trend in both directions, significantly extending the company’s target.
Additionally, new target areas have been identified within the granodiorite and metasediments, further enhancing the potential large scale of the overall Golden Ridge target deposit.
The company says infill and extension soil sampling is ongoing over the wider Golden Ridge project area.
Looking ahead to next phase
Flynn Gold managing director and CEO Neil Marston said, “Our flagship Golden Ridge Project in northeast Tasmania keeps delivering exciting results. Last year was significant for Flynn Gold with drilling at Golden Ridge intersecting high-grade gold in multiple vein sets at the Trafalgar prospect.
“The results of our soil sampling program are also very pleasing with significant gold anomalies coinciding with known old workings as well as gold anomalies being identified in several new target areas along the prospect contact zone.
“Follow-up soil sampling will continue over the coming months as this is proving to be a very effective exploration tool, generating new gold targets to evaluate.
“With a rig remobilised back to Golden Ridge this week, we are looking forward to the next phase of drilling, starting at the Trafalgar prospect.”
Flynn Gold’s Golden Ridge Project, NE Tasmania, showing prospect areas.
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