Grenadier Drilling Yields 1.4m at 5.2g/t and 0.42m at 12.7g/t Gold

Exploration Breakthrough at Grenadier

Flynn Gold Limited (ASX, FG1) has reported encouraging results from its inaugural diamond drilling program at the Grenadier Prospect, part of its 100%-owned Golden Ridge Project in northeast Tasmania. The drilling campaign successfully intersected sulphide-bearing quartz veins, confirming the presence of high-grade gold mineralisation beneath previously identified surface trenches.

Key intercepts include a standout 1.4 metres grading 5.2 grams per tonne (g/t) gold from 26 metres depth, which contains a higher-grade segment of 0.42 metres at 12.7 g/t gold. These results validate earlier trench sampling that revealed gold mineralisation at surface and demonstrate continuity of the mineralised structures both along strike and down-dip.

Geological Significance and Structural Continuity

The mineralisation at Grenadier is hosted within quartz veins containing pyrite and arsenopyrite, developed along contacts of mafic dykes. These dykes are interpreted as part of a larger intrusive igneous system, suggesting potential for extensive lateral and vertical continuity of gold-bearing veins. The drilling results support this interpretation, with mineralised veins remaining open for further expansion.

Importantly, the drilling program targeted veins beneath known high-grade trenches but also highlighted untested zones to the east and south-east, where previous trenching and rock chip sampling returned assays as high as 13.8 g/t and 11.6 g/t gold. These areas represent promising targets for follow-up exploration.

Broader Project Context and Ongoing Work

Grenadier lies within the Golden Ridge mineralised corridor, which also includes the Trafalgar Prospect; an area where Flynn Gold has previously reported exceptional high-grade gold intersections exceeding 100 g/t. The company’s ongoing drilling at the nearby Double Event Prospect is expected to provide further insights, with assay results pending.

Flynn Gold plans to continue surface sampling, trenching, and drilling to delineate additional targets and expand the known mineralisation. The company’s methodical approach, supported by detailed geological and structural modelling, aims to build on the current exploration targets and potentially define a significant gold resource in the region.

Investor and Market Implications

With a market capitalisation of approximately A$14 million and a recent capital raise of A$5 million, Flynn Gold is well-positioned to advance its exploration programs. The confirmation of high-grade gold mineralisation at Grenadier adds a compelling new chapter to the Golden Ridge story, potentially enhancing the project’s value proposition for investors seeking exposure to emerging gold assets in Tasmania.