Flynn Strikes Gold: Stellar Results from Trafalgar Drilling in Tasmania (ASX:FG1)

Key Take Away: Flynn Gold Limited unveils impressive high-grade gold results at their Trafalgar Prospect in the Golden Ridge Project, Northeast Tasmania. The latest drill results further solidify the company’s confidence in the potential and scale of the gold system they’ve identified.

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In a recent announcement to the Australian Securities Exchange (ASX), Flynn Gold Limited (ASX: FG1) showcased remarkable results albeit across small intercepts from their Trafalgar Prospect’s diamond drilling program, part of their 100% owned Golden Ridge Project located in Northeast Tasmania.

Managing Director and CEO, Neil Marston, expressed excitement over the findings. “The latest results from the recently completed drilling at the Trafalgar Prospect at Golden Ridge in north-east Tasmania have again delivered exceptional gold results from multiple high-grade intersections that further support the Company’s target model for a significant IRGS type gold deposit.”

The drill results highlighted several intersections with high-grade gold mineralisation. Particularly noteworthy was drill hole TFDD015, which intersected 1.1m at 51.3g/t Au, including a staggering 0.4m at 137.8g/t Au. Marston elaborated, “Drill hole 15 was designed to test for high-grade gold mineralisation at depth beneath the historical Trafalgar main shaft and approximately 75 metres below a historical drill hole intersection which included 0.4m at 150g/t Au. To achieve a similar high-grade result in this latest drill hole increases our confidence in the extent and orientation of these high-grade shoots, which are occurring close to the granodiorite-hornfels contact. “Assay results for 420m of diamond drilling are still pending, with an announcement of these final results expected in November.”

Flynn’s Trafalgar Prospect has previously shown multiple intersections grading over 100g/t Au. These impressive results not only enhance the scale of the identified gold system but also boost the company’s target model, supporting the potential for a significant IRGS deposit.

Furthermore, assay results from another 420m of diamond drilling are yet to be unveiled, with the company anticipating an announcement this coming November.

For the unfamiliar retail investor, the IRGS deposit, or Intrusion-Related Gold System, refers to a specific type of gold deposit often associated with large intrusions. These deposits can host considerable gold resources, making them a significant target for exploration companies.

In broader market implications, such positive results from Flynn’s Trafalgar Prospect might catalyze heightened investor interest in the region. Northeast Tasmania, with its rich mineral deposits and untapped potential, could experience an uptick in exploration activities by other companies.

In conclusion, Flynn Gold’s latest drilling results underscore the vast potential of the Trafalgar Prospect. The Golden Ridge Project, with its impressive gold mineralisation, might soon be in the spotlight, offering both retail and sophisticated investors a potential opportunity in the gold exploration sector.

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