The results from Flynn Gold Ltd Grenadier Prospect have delivered impressive outcomes from the maiden drilling program, confirming high-grade gold mineralisation extends from surface trenches into deeper zones. Flynn Gold Limited (ASX: FG1) has demonstrated the continuity and grade potential of this emerging gold system within the company's flagship Golden Ridge Project in northeast Tasmania. The standout intersection of 1.4m @ 5.2g/t Au from 26.0m, including 0.42m @ 12.7g/t Au, represents a significant milestone for the company's exploration efforts.
The drilling program successfully intersected target structures across all seven holes, with sulphide-bearing quartz veining confirmed beneath previously identified high-grade surface trenches. Furthermore, with $5.0 million raised in October 2025 supplementing the company's exploration budget, Flynn Gold is well-positioned to advance multiple prospects across its 9km-long Golden Ridge mineralised corridor.
Seven-Hole Program Delivers Consistent Gold Intersections
Flynn Gold's maiden drilling campaign at Grenadier comprised seven diamond drill holes totalling 874 metres, strategically designed to test the down-dip continuity of high-grade gold identified in surface trenching programs. The systematic approach targeted mineralised structures between 30 and 125 metres below surface, with all holes successfully intersecting quartz-sulphide veining.
Key Drilling Results:
| Drill Hole | From (m) | Interval (m) | Grade (g/t Au) | Comments |
|---|---|---|---|---|
| GNDD006 | 26.0 | 1.4 | 5.2 | Including 0.42m @ 12.7g/t Au |
| GNDD007 | 60.6 | 1.9 | 1.2 | Including 0.34m @ 3.2g/t Au |
| GNDD001 | 163.1 | 1.1 | 1.4 | G2 Vein at 125m+ depth |
The drilling confirms structural continuity of the mineralised system, with gold-bearing quartz veins extending to depths of at least 125 metres in GNDD001. Consequently, this demonstrates the system remains open both along strike and down-dip.
Management Commentary:
"All drill holes at Grenadier intersected sulphide-bearing quartz veins with grades of up to 12.7 grams per tonne gold recorded. The Grenadier Prospect remains largely untested with ongoing exploration activities identifying more gold mineralisation in outcrop at surface." – Neil Marston, Managing Director and CEO
Understanding Intrusive-Related Gold Systems (IRGS)
Intrusive-Related Gold Systems represent a specific class of gold deposits formed through the interaction of gold-bearing fluids with intrusive igneous rocks. At Grenadier, gold mineralisation occurs within quartz veins containing pyrite and arsenopyrite developed along contacts of fine-grained mafic dykes.
Why IRGS Matters to Investors:
IRGS deposits are characterised by their potential for high-grade, structurally-controlled mineralisation that can extend over significant strike lengths and depths. The association with mafic dykes is particularly significant, as these structures typically maintain lateral and vertical continuity for hundreds of metres to several kilometres.
At Grenadier, the relationship between gold mineralisation and mafic dyke contacts indicates a deep-seated, structurally continuous system with strong exploration upside. In addition, the identification of brecciated mafic-dyke fragments with quartz-healed matrices demonstrates that gold mineralisation exploited pre-existing structural weaknesses, creating predictable exploration targets.
Expanding Target Portfolio with Untested High-Grade Zones
Flynn Gold has identified multiple untested high-grade targets east and southeast of the current drilling area, significantly expanding the prospect's potential. However, the highest-grade surface results remain undrilled, presenting substantial opportunity for the results from Flynn Gold Ltd Grenadier Prospect to be further enhanced.
Untested High-Priority Targets:
- Trench 11 vein: 0.6m @ 13.8g/t Au
- G3 vein outcrop: 1.0m @ 11.6g/t Au
- Float boulder samples: 17.9g/t Au and 16.0g/t Au
- 400-metre soil anomaly extension southeast of known mineralisation
The company's systematic approach of following high-grade float samples to source veins has proven successful, with the G1, G2, and G3 veins all initially identified through this methodology. Furthermore, two large quartz-sulphide float boulders located 170 metres south of the G3 vein may represent a potential fourth mineralised vein system.
Surface Trenching Highlights:
| Trench | Interval | Grade (g/t Au) | Status |
|---|---|---|---|
| Trench 3 | 1.3m @ 6.6g/t | Including 0.4m @ 17.7g/t | Tested by drilling |
| Trench 11 | 0.6m @ 13.8g/t | – | Untested by drilling |
| G3 Outcrop | 1.0m @ 11.6g/t | – | Untested by drilling |
Golden Ridge: A World-Class Gold Corridor Takes Shape
The Grenadier Prospect represents just one component of Flynn Gold's 9-kilometre Golden Ridge mineralised corridor, which includes the advanced Trafalgar Prospect where previous drilling has returned exceptional results exceeding 100g/t Au. The company's JORC-compliant Exploration Target of 449,000 to 520,000 ounces across the Trafalgar, Brilliant, and Link Zone prospects demonstrates the scale potential of this emerging gold district.
For instance, the impressive drilling results achieved at Trafalgar showcase the district's potential to deliver world-class gold grades consistently across multiple prospects within the corridor.
Trafalgar Prospect Historical Highlights:
| Drill Hole | Interval | Grade (g/t Au) | Included Intervals |
|---|---|---|---|
| TFDD005 | 12.3m @ 16.8g/t | Au | 0.7m @ 152.5g/t Au |
| TFDD013 | 4.0m @ 23.7g/t | Au | 0.5m @ 169.8g/t Au |
| TFDD003 | 1.2m @ 65.9g/t | Au | 0.5m @ 143.0g/t Au |
The 95% gold recovery achieved in metallurgical testing using conventional cyanide leach methods provides confidence in the economic potential of the mineralisation style across the Golden Ridge system.
Investment Thesis: Strategic Position in Tasmania's Gold Revival
Flynn Gold has established itself as a significant player in Tasmania's gold exploration renaissance, with multiple high-grade prospects across a proven mineralised corridor. The company's systematic exploration approach has consistently delivered discovery success, from initial soil sampling through to high-grade drilling intersections.
Key Investment Drivers:
- Proven exploration team with consistent discovery track record
- 9km mineralised corridor with multiple prospects at various stages
- High-grade, near-surface mineralisation suitable for potential open-pit development
- Strong financial position with $5.0M recent capital raising
- Excellent metallurgical characteristics with 95% gold recovery demonstrated
Why Golden Ridge Stands Out
The Grenadier discovery adds significant value to Flynn Gold's Golden Ridge asset base, providing multiple untested targets with potential for resource expansion. With drilling continuing at the nearby Double Event prospect and extensive follow-up programs planned across the corridor, Flynn Gold offers exposure to a systematic, district-scale gold exploration program in a proven geological setting.
Consequently, the combination of proven high-grade mineralisation and extensive untested targets positions the company favourably for continued exploration success.
Near-Term Catalysts and Exploration Pipeline
Flynn Gold has outlined an aggressive exploration program designed to capitalise on recent discoveries and expand the Golden Ridge resource inventory. The company's systematic approach continues to generate high-quality targets across multiple prospects, building upon the positive results from Flynn Gold Ltd Grenadier Prospect.
Immediate Priorities:
- Complete sampling of Trench 16 at Grenadier
- Additional trenching targeting southeastern soil anomalies
- Extension trenching south/southeast of current drilling area
- Ground reconnaissance of under-explored southwestern zones
- Double Event drilling results – assays pending
Future Development Opportunities
The untested high-grade targets at Grenadier, combined with ongoing activities across the Golden Ridge corridor, position Flynn Gold for multiple news flow catalysts over the coming months. The company's ability to convert surface anomalies into drill-ready targets has been consistently demonstrated, providing confidence in the exploration pipeline.
Moreover, the systematic exploration methodology employed by Flynn Gold has proven effective in translating surface geochemical anomalies into viable drilling targets, as evidenced by the successful maiden drilling program at Grenadier.
Strategic Outlook and Market Position
Flynn Gold's strategic position within Tasmania's emerging gold district provides significant competitive advantages in terms of infrastructure access, regulatory stability, and geological prospectivity. The company has demonstrated an ability to generate consistent high-grade intersections across multiple prospects within the Golden Ridge corridor.
The results from Flynn Gold Ltd Grenadier Prospect validate the company's exploration model and provide a foundation for continued resource expansion. Furthermore, the identification of multiple untested high-grade targets ensures a robust pipeline of exploration opportunities that can drive sustained news flow and value creation.
Key Takeaway:
Flynn Gold has positioned itself as a leading explorer in Tasmania's emerging gold district, with a systematic approach delivering consistent high-grade discoveries. The Grenadier prospect adds significant exploration upside to an already impressive Golden Ridge portfolio, with multiple untested targets offering near-term catalyst potential. With strong financial backing and proven exploration methodology, Flynn Gold represents compelling exposure to district-scale gold discovery in a mining-friendly jurisdiction.
Want to Learn More About Flynn Gold's Golden Ridge Project?
Flynn Gold's impressive maiden drilling results at Grenadier represent just the beginning of what could be a transformative period for this Tasmanian gold explorer. With multiple untested high-grade targets across the 9km Golden Ridge corridor and $5.0 million in fresh funding to accelerate exploration activities, Flynn Gold is well-positioned to deliver continued discovery success. To explore the full potential of this emerging gold district and understand how the company's systematic exploration approach is unlocking value across multiple prospects, visit www.flynngold.com.au for comprehensive project details, latest drilling updates, and investor resources.
