Can Flynn Gold Unlock the Untested Depths of Double Event’s Rich Veins?
Flynn Gold has initiated its first-ever diamond drilling program at the historically rich Double Event gold prospect in Northeast Tasmania, following trenching that revealed an extensive mineralised corridor. The drilling aims to validate and expand on promising surface assay results, potentially unlocking significant value for the Golden Ridge Project.
- Maiden diamond drilling commenced at Double Event prospect
- Trenching confirms mineralised corridor of at least 275m, possibly 330m
- High-grade gold assays with associated silver and lead identified
- Historical high-grade workings never previously drilled
- Further trenching and assay results pending
Exploration Milestone at Double Event
Flynn Gold Limited (ASX, FG1) has embarked on a significant new chapter with the commencement of its maiden diamond drilling program at the Double Event prospect, part of its 100%-owned Golden Ridge Project in Northeast Tasmania. This marks the first modern drilling effort at a site known for high-grade gold mineralisation but never before tested below surface.
Recent trenching activities have been pivotal, exposing a mineralised corridor of quartz-sulphide veins extending at least 275 metres along strike, with field observations suggesting this could stretch to approximately 330 metres. These veins host gold mineralisation accompanied by elevated silver and lead, reinforcing the prospect’s potential.
Historical Context and Modern Validation
Historical records dating back over a century describe exceptionally high-grade gold assays from shallow workings, including a shaft returning up to 133.7 grams per tonne gold. Despite this, the Double Event prospect has remained under-explored by contemporary standards. Flynn Gold’s recent trenching has confirmed these historical reports, with channel samples revealing intervals such as 2.6 metres at 6.4 grams per tonne gold and isolated assays exceeding 20 grams per tonne.
The maiden drilling program, starting with hole EVDD001 targeting 70 metres depth beneath the historical shaft, aims to test the continuity and depth extent of mineralisation. This will provide critical insights into the deposit’s structure and potential resource size.
Broader Project Implications
The Double Event prospect lies along the same granodiorite-metasediment contact as Flynn Gold’s high-grade Trafalgar prospect, suggesting a fertile geological setting for intrusion-related gold systems. Soil geochemistry indicates multiple untested targets remain within the Golden Ridge Project, highlighting the potential for further discoveries.
Meanwhile, assay results from recent drilling at the nearby Grenadier prospect are awaited, which could add further momentum to Flynn Gold’s exploration campaign in Tasmania.
Looking Ahead
Flynn Gold plans to continue trenching along strike to better understand the mineralisation’s continuity and to refine drill targets. The company’s disciplined approach to sampling and quality control, aligned with industry best practices, aims to ensure robust data to underpin future resource assessments.
Managing Director Neil Marston expressed optimism about unlocking the true potential of Double Event, emphasizing the importance of modern exploration techniques in validating historical high-grade gold occurrences.
Bottom Line?
As Flynn Gold drills deeper into Double Event, the market awaits assay results that could redefine the project’s value and Tasmania’s gold exploration landscape.
Questions in the middle?
- Will the maiden drilling confirm the continuity and grade of the high-grade gold mineralisation?
- How might the pending assay results from Trench 10 and Grenadier drilling influence Flynn Gold’s exploration strategy?
- What is the potential scale of the mineralised system beyond the currently defined 330m strike length?
