{"id":12142,"date":"2024-11-12T08:52:15","date_gmt":"2024-11-12T08:52:15","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/12\/significant-exploration-target-for-golden-ridge-ne-tasmania\/"},"modified":"2024-11-12T08:52:15","modified_gmt":"2024-11-12T08:52:15","slug":"significant-exploration-target-for-golden-ridge-ne-tasmania","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/12\/significant-exploration-target-for-golden-ridge-ne-tasmania\/","title":{"rendered":"Significant Exploration Target for Golden Ridge, NE Tasmania"},"content":{"rendered":"<\/p>\n

Flynn Gold Limited<\/strong> (ASX: FG1, \u201cFlynn\u201d or \u201cthe Company\u201d) is pleased to announce a maiden JORC compliant Exploration Target for the Trafalgar, Brilliant and Link Zone prospects at its 100%-owned Golden Ridge Project in North-east Tasmania. <\/p>\n

Highlights<\/strong><\/p>\n

Maiden Exploration Target estimated for the Trafalgar, Brilliant and Link Zone prospects at FG1\u2019s 100%-owned Golden Ridge Project
\nThe estimated range of potential mineralisation for the Exploration Target* is:<\/p>\n

3.5 to 5.4 million tonnes grading at 3.0g\/t Au to 4.0g\/t Au for 449,000oz to 520,000oz of contained gold
*The size and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.<\/p>\n

Exploration Target is open in all directions and represents less than 30% of the known strike of the 9km gold anomaly that defines the gold mineralised system at Golden Ridge
\nDiamond drilling underway at Link Zone testing extensions of known gold-vein mineralisation along strike and down-dip of the historic Golden Ridge Adit
\nFurther drilling planned to expand the Exploration Target and convert to a Mineral Resource<\/p>\n

The combined Exploration Target range is listed in Table 1: <\/p>\n

Flynn Gold\u2019s Managing Director and CEO, Neil Marston states<\/strong>: \u201cFollowing several successful drill campaigns testing the gold mineralisation at Golden Ridge, we are pleased to report an initial JORC-compliant Exploration Target for the Trafalgar, Brilliant and Link Zone prospects.<\/em><\/p>\n

\u201cThe Exploration Target is open in all directions and encompasses less than 30% of the known gold anomalism at Golden Ridge which highlights the substantial future growth potential of this exciting project.<\/em><\/p>\n

\u201cThis is a significant step toward our next goal of defining a maiden JORC Mineral Resource for the project. There is potential to significantly increase the tonnage and grade at Golden Ridge with in-fill and expansion drilling, which will be a major focus for the Company during 2025.\u201d <\/em><\/em><\/p>\n

Exploration Target<\/strong><\/p>\n

The Golden Ridge Project is located within EL17\/2018 in North-east Tasmania (see Figure 7).<\/p>\n

Flynn has calculated JORC compliant Exploration Targets for the Trafalgar, Brilliant and Link Zone prospects at Golden Ridge dated 8th November 2024. Table 2 below provides a summary of the Exploration Targets for each prospect: <\/p>\n

The combined Exploration Target only encompasses areas where Flynn has drill-tested vein mineralisation at locations shown in Figure 1 and does not include areas of anomalous soil geochemistry, which the Company considers to be highly prospective for gold mineralisation and intends to drill-test in the future.<\/p>\n

The drill-tested Trafalgar, Brilliant and Link Zone prospects define a significant zone of gold mineralisation extending over a strike length of approximately 3km, which is contained within a broader 9km zone of gold anomalism that trends along the contact between the Golden Ridge granodiorite and the Mathinna supergroup metasediments (Figures 1 \u2013 3).<\/p>\n

Potential gold vein extensions at Trafalgar and Brilliant ,defined by anomalous gold-in-soil geochemistry along strike of and surrounding the Exploration Target veins, were not included in the Exploration Target calculation.<\/p>\n

Work is currently in progress to in-fill these areas with soil sampling and trenching prior to exploration drill-testing. <\/p>\n<\/p>\n

Click here for the full ASX Release<\/strong><\/p>\n

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This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Flynn Gold Limited (ASX: FG1, \u201cFlynn\u201d or \u201cthe Company\u201d) is pleased to announce a maiden JORC compliant Exploration Target for the Trafalgar, Brilliant and Link Zone prospects at its 100%-owned Golden Ridge Project in North-east Tasmania. Highlights Maiden Exploration Target estimated for the Trafalgar, Brilliant and Link Zone prospects at FG1\u2019s 100%-owned Golden Ridge Project […]<\/p>\n","protected":false},"author":0,"featured_media":12143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-12142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12142"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12143"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}