Flynn Gold (AU:FG1)

Drilling Confirms Gold System Near Surface at Warrentinna Project, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn Gold” or “the Company”) is pleased to announce the results from its maiden diamond drilling campaign at its 100%-owned Warrentinna Project in northeast Tasmania.
HIGHLIGHTS:
  • Multiple zones of auriferous quartz veining intersected in Flynn’s maiden diamond drilling program at the Warrentinna Project in NE Tasmania.
  • Drilling program consisted of 2 drillholes for a total of 357m with best intercepts reported in hole DNDD001:
    • DNDD001:
      • 7.2m @ 2.5g/t Au from 68.9m, including
        • 2.1m @ 7.0g/t Au from 75.1m, and
      • 4.8m @ 1.2g/t Au from 92.0m, including
        • 0.3m @ 5.6g/t Au from 94.6m
  • The program confirms highly prospective orogenic-style gold mineralisation which coincides with historical mine workings over a largely untested 6km-long corridor with potential for near- surface gold resources.
  • Drillholes also yielded valuable structural data which will be used for targeting in future campaigns that will aim to prove mineralisation along strike from historical drill results, which include:
    • WTR013:
      • 5.0m @ 28.93g/t Au from 36.0m, including
        • 1.0m @ 103.25g/t Au from 37.0m
    • 2019WTD001:
      • 21.7m @ 3.3g/t Au from 9.3m, including
        • 2.2m @ 12.0g/t Au from 10.8m
    • 2019WTD002:
      • 11.7m @ 2.8g/t Au from 115m.

Managing Director and CEO, Neil Marston commented:

“Our maiden diamond drilling program has confirmed that the Warrentinna Project has potential for gold resources near surface and proven to extend the depth of mineralisation to greater than 100 metres.

“Previous explorers have produced some remarkable high grades at Warrentinna. Our drilling has confirmed the existence of multiple zones of gold mineralisation and added a structural context which will be used in targeting for future drilling campaigns.

“The Warrentinna goldfield is defined by shallow historic workings over a strike length of 6km, and with this campaign targeting gold mineralisation in the north of the goldfield, the remainder is largely untested.”

Warrentinna Gold Project

The Warrentinna Project (EL30/2004) is located in northeast Tasmania, 40km northwest of Flynn’s Golden Ridge Project (see Figure 1). The tenement was acquired from Greatland Gold plc (LSE: GGP, “Greatland”) in June 20231.


Click here for the full ASX Release

This article includes content from Flynn Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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