Flynn Gold Ltd (ASX:FG1) has kicked off phase two of diamond drilling at the Trafalgar prospect, which is part of the Golden Ridge Project in northeast Tasmania, targeting extensions of known gold mineralised vein structures.
“Flynn Gold’s phase two drilling program at the Trafalgar Prospect has commenced,” CEO Neil Marston said.
Significant gold
“At Trafalgar, we made a significant new gold discovery from our 2022 drilling program and now the next step with our phase two drilling, is to continue testing for strike and dip extensions of mineralised vein structures.”
Phase one diamond drilling at the Trafalgar Prospect was completed in February 2023.
Flynn Gold successfully completed seven diamond drill holes, with some strong intersections recorded, including 5.4 metres at 10.63 g/t gold, 1.2 metres at 65.9 g/t gold and 12.3 metres at 16.8 g/t gold.
The phase two diamond drilling program is now in full swing, with a drill rig on site and drilling underway.
Popes Gold
Meanwhile, the initial two-hole diamond drilling program for 203.8 metres at the Popes Gold prospect has wrapped up.
The Popes prospect consists of a series of historical shallow gold workings – trenches, pits and abandoned shafts.
Previous exploration there has been limited to soil sampling, which was part of a project-wide soil sampling program across the Portland mineralised system.
Both drill holes at Popes Prospect intersected zones of ‘moderate to intensely’ phyllic-altered sediments hosting multi-phase quartz veining characteristic of orogenic style vein systems in the Portland trend.
The processing of Popes Prospect core has started with core logging, cutting and sampling at the company’s Scottsdale exploration base.
Samples will be dispatched for laboratory analysis in the coming weeks.
“This under-explored project area is prospective for Victorian-style orogenic high-grade gold deposits," Marston said.
“Early visual examination of the drill core from the two holes completed at the Popes Prospect has revealed moderate to intense alteration, multiple generations of quartz veining and the presence of sulphides.
“We look forward to receiving laboratory results from this drilling as they become available.”