Drilling Confirms New High-Grade Gold Zone at Golden Ridge, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report that high-grade gold mineralisation has been intersected in the first drilling program completed at the Trafalgar North vein zone which is situated within the Company’s 100% owned Golden Ridge Project located in Northeast Tasmania (Figure 1).

Highlights

• Multiple gold-bearing quartz veins successfully intercepted in diamond drilling at the new Trafalgar North vein zone discovery¹
• Assay results have been received for two drill holes, TFDD019 and TFDD020, drilled at Trafalgar North.
• Best mineralised intercepts include:
  • TFDD020
    • 3.05m @ 4.9g/t Au from 53.1m including
      • 0.35m @ 40.0g/t Au
    • 2.7m @ 4.1g/t Au from 115.4m, including
      • 0.35m @ 26.6g/t Au
  • TFDD019
    • 4.8m @ 4.0g/t Au from 165.6m; including:
      • 0.4m @ 17.9g/t Au from 166.9m, and
    • 0.4m @ 24.0g/t Au from 170.0m
      • 0.3m @ 25.1g/t Au from 440.5m
• Trafalgar North gold mineralisation confirmed to extend from surface to exceeding 150m depth and is open in all directions
• Gold mineralised veins now confirmed over a 500m wide zone along the granodiorite-hornfels contact at Trafalgar
• For further information or to post questions go to the Flynn Gold Investor Hub at https://investorhub.flynngold.com.au/link/lya02P

Flynn Gold Managing Director & CEO Neil Marston said:

“These are excellent early results from our on-going exploration at our flagship Golden Ridge project in NE Tasmania.

“Drilling has successfully intersected high-grade gold veins beneath the recently discovered trenching area at Trafalgar North and has confirmed our interpretation that this zone is continuous at depth and potentially is a parallel zone to the Trafalgar prospect mineralisation.

This new vein zone increases the mineralised footprint at Trafalgar from 300m to 500m width across the granodiorite/sedimentary contact and reinforces our view that this project has the potential to host large-scale gold mineralisation.”

Figure 1 - Location of Flynn Gold tenements in NE Tasmania.

Trafalgar Prospect – Phase 3 Drilling

Phase 3 drilling commenced at the Trafalgar prospect in mid-April 2024. The initially planned 1,500m diamond drill program comprised infill and extension drilling targeting down-dip and along-strike extensions to previously drilled high-grade gold intercepts.

During June 2024, a new zone of gold-mineralisation, approximately 250m north of the historic Trafalgar mine was discovered in surface trenches². This new area at Trafalgar North had the potential to significantly increase the mineralised footprint of the Trafalgar prospect and therefore became the focus of drilling later in the campaign.

Figure 2 - Trafalgar Prospect Drill Hole Location Plan

Two diamond holes for 623m (TFDD019 and TFDD020) have been completed, testing beneath and along strike of mineralisation discovered in the trenches (see Figure 2).

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