Flynn Gold Limited (ASX: FG1) has announced the discovery of an extensive system of gold bearing quartz veins within historical workings located approximately 250m north of the historic Trafalgar Mine at its 100% owned Golden Ridge Project in Northeast Tasmania.
Managing director and CEO Neil Marston said, “The company is excited by the discovery of multiple high-grade gold veins approximately 250m north of the main Trafalgar gold deposit at Golden Ridge in Northeast Tasmania. These gold veins were exposed in trenching over an area of historical mine workings which appear unrecorded since they were dug about a century ago.”
17 out of 36 grab rock chip samples assayed returned over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au, and gold was found to be hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone Assays from initial trench channel sampling include high-grade mineralized intervals:
• 11.0m @ 2.0g/t Au including 3.3m @ 6.3g/t Au, and
• 16.5m @ 1.3g/t Au including 1.5m @ 6.8g/t Au and 4.0m @ 2.4g/t Au
The company has stated that the new vein zone discovery significantly expands the gold mineralized footprint at the Trafalgar prospect, and diamond drilling is underway to test gold mineralization at depth below the trenching.
To find out more, please visit www.flynngold.com.au
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