Flynn Gold (ASX: FG1) has recommenced drilling activities at the company’s 100%-owned Golden Ridge Project located in North-east Tasmania.
Diamond drilling at the Golden Ridge Adit has commenced with the planned 400 metre program consisting of two diamond drill holes (1x 250m and 1x 150m) to be drilled from the north flank of the ridge. The holes are each planned to traverse the mineralised zone approximately 80m along strike to the north-east and south-west of the Golden Ridge adit (see Figure 3) and to a depth of up to 50m below the mapped adit veins
This new drilling programme will test beneath the historical Golden Ridge Adit, where recent underground sampling of veins recorded results of up to 64.4g/t gold. The adit is located in the Link Zone prospect area, situated between the Brilliant and Trafalgar prospects at Golden Ridge.
“We are delighted to have commenced our latest drilling program at the Golden Ridge Project in north-east Tasmania," ]Managing Director and CEO, Neil Marston, said.
“This drilling programme, which is co-funded under the State Government’s Exploration Drilling Grant Initiative, will see Flynn Gold drilling at the Link Zone beneath the historic Golden Ridge adit, where sampling of mineralised veins earlier this year yielded grades of up to 64 g/t gold.
“This diamond drill program is the first to test this adit, which lies between the historic Brilliant and Trafalgar mines – where we have successfully focused our drilling to date.”
Exploration by the company at Golden Ridge has identified extensive intrusive-related type gold mineralisation (IRGS) extending over a 9km-long zone along the southern contact margin of the Golden Ridge Granodiorite and enclosing meta-sediments.
The company’s ongoing work at Golden Ridge is continuing to identify and test multiple exploration targets, confirming the potential for a large-scale gold discovery.
The historic Golden Ridge Adit was excavated in the 1890’s and was recently re-discovered by the company using high-resolution LiDAR imagery. The adit was excavated in a north- northwest direction into the ridge from its southern flank for 150m length. Approximately 100m into the adit, an ore drive has been developed to the north-east for 24m. Multiple quartz-sulphide veins were intercepted in the adit and were sampled and mapped by Flynn, returning grades of up to 64.4g/t Au. Despite the high grades, previous miners only attempted to mine along one of the veins for 24m, no stopes were taken and operations ceased, reportedly due to a lack of funds.
Flynn’s mapping of the adit has defined a 20-30m wide structurally-controlled zone comprising multiple sub-parallel, steeply-dipping quartz-sulphide veins between 90 and 400mm wide striking north-northeast. Veins contain arsenopyrite, pyrite with minor chalcopyrite and galena.
