PHASE 3 DRILLING COMMENCES AT TRAFALGAR

Flynn Gold Launches Phase 3 Drilling at High-Grade Tasmanian Prospect

Flynn Gold Ltd (ASX:FG1) is pleased to announce that Phase 3 drilling is underway at its Trafalgar high-grade gold prospect, part of the company’s 100% owned Golden Ridge Project in Northeast Tasmania. This new phase aims to expand the known extents of gold mineralisation through infill and extension drilling, based on a refined geological model.

The previous drilling phases have delivered impressive gold intersections, including:

  • 5.0m at 12.56g/t Au, including 0.4m at 150.0g/t Au from 202m in drill hole TFD001.
  • 1.2m at 65.9g/t Au, including 0.5m at 143.0g/t Au from 57.5m in drill hole TFDD003.
  • 12.3m at 16.8g/t Au, including 0.7m at 152.5g/t Au from 120.3m in drill hole TFDD005.
  • 4.0m at 23.7g/t Au, including 0.5m at 169.8g/t Au from 25.9m in drill hole TFDD013.

The new geological vein model for Trafalgar indicates multiple sub-parallel high-grade veins, reinforcing the prospect’s potential. An initial 1,500m drill program is planned, focusing on down-dip and along-strike extensions of previous high-grade gold intercepts.

Managing Director and CEO Neil Marston commented:

Since the completion of drilling at the Trafalgar prospect at Golden Ridge in 2023, Flynn Gold has been undertaking geological modelling of the high-grade gold intersected in multiple vein sets.

This modelling work, in combination with our recent soil sampling activities, demonstrates the potential for extensive gold mineralisation at Golden Ridge.

Based on the latest information we have designed a program of drill holes with the goal being to target down-dip and along-strike extensions to previous high-grade gold intercepts.

As gold prices hit record highs, it’s an exciting time for our team to be drilling this new Tasmanian gold discovery.

Read the full announcement

Goldman

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