Flynn Gold’s shallow gold hits bring shine to Brilliant

• 18.65m at 1.86g/t gold from 59.35m leads the first results
• Two other holes returned broad gold intervals near surface
• Drilling continues, with more assays pending at Brilliant.

Special Report: Flynn Gold’s accelerated development pathway for the Golden Ridge project in Tasmania has been boosted by the intersection of broad, shallow gold zones at the Brilliant prospect.

The first three of five diamond holes drilled to date returned mineralised intervals associated with sheeted quartz-vein zones with assays such as:

• 18.65m grading 1.86g/t gold from 59.35m including 3.05m at 4.65g/t (BRDD017)
• 20.35m at 1.29g/t gold from 29m, including 3.85m at 3.12g/t (BRDD015); and
• 14.8m at 1.26g/t gold from 20.2m, including 1.3m at 7.70g/t (BRDD016).

Flynn Gold (ASX:FG1) notes BRDD017 returned the highest average grade of the three headline broad intervals.

Brilliant is the first Golden Ridge prospect being advanced towards a maiden resource estimate.

“Much of the historical drilling at Brilliant was oriented from the north-western side of the deposit, effectively drilling sub-parallel to the mineralised zone,” managing director Neil Marston said.

“In this program we have turned the rig around and drilled from the south-eastern side with immediate success, consistently hitting wide zones of shallow gold-bearing mineralisation.

“The first results clearly delineate an extensive mineralised zone which extends to near-surface, where earlier trenching has recorded similar grades and widths.”

Golden Ridge growth plan

Brilliant sits within FG1’s 100%-owned Golden Ridge project, about 75km east of Launceston.

Gold anomalism extends along a 9km zone at the southern contact of the Golden Ridge Granodiorite and hornfelsed Mathinna Group metasediments. FG1 interprets the area as an intrusion-related gold system.

A fourth hole, drilled down-dip from the strongest result, logged sheeted quartz veins over about 71m, with assays for the interval pending.

FG1 plans more shallow holes across similar sections to test its evolving geological model.

Core from the fifth hole is being logged and sampled, and drilling has started on a sixth.

FG1 is also planning resource-definition drilling at Trafalgar and a larger step-out program to test the prospective zone between the two prospects.

Further assay results are expected later this month as drilling and trenching continue.

This article was developed in collaboration with Flynn Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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