High-Grade Gold Strikes Boost Far Northern Resources' Bridge Creek Project
Far Northern Resources (ASX:FNR) has announced significant high-grade gold intercepts from its recent Bridge Creek drilling program in the Northern Territory, highlighted by spectacular results including 104 g/t gold and multiple zones of substantial gold mineralization.
Drilling Results Confirm High-Grade Gold Potential
The latest 1-meter assay results from Phase One drilling have revealed impressive gold grades across multiple drill holes at the Bridge Creek project. Standout intersections include:
- FNRBCRC022: 3m @ 36.82g/t Au (including 1m @ 104g/t Au)
- FNRBCRC002: 2m @ 21.44g/t Au (including 1m @ 41.55g/t Au)
- FNRBCRC003: 1m @ 15.26g/t Au
Beyond these headline figures, the drilling program demonstrated consistent gold mineralization along nearly 1.5 kilometers of strike along the Cosmo Howley anticline, with mineralization remaining open at depth and along strike in both directions.
"We are extremely pleased with these significant gold grades. With the RC drilling results that extend the mineralisation to the north and south, this has the potential to grow the current Resource." – Cameron Woodrow, FNR Managing Director
Bridge Creek Resource Expansion Potential
The current Bridge Creek inferred resource stands at 1.97Mt @ 1.12g/t Au for 70,560 ounces, but the latest drilling results suggest significant potential for expansion.
The company has now outlined almost 1.5km of strike along the Cosmo Howley anticline, with mineralisation remaining open:
- At depth
- To the north
- To the south
| Resource Category | Tonnes (Mt) | Grade (g/t) | Ounces (koz) |
|---|---|---|---|
| Inferred | 1.97 | 1.12 | 70.56 |
These results build upon previously reported historical drilling intercepts, which included substantial gold mineralization such as:
- 30m @ 2.44g/t Au from 64m
- 18m @ 3.34g/t Au from 100m
- 10m @ 2.79g/t Au from 46m
Understanding Gold Mineralization at Bridge Creek
The Bridge Creek deposit is situated within the Pine Creek Geosyncline, a tightly folded sequence of Lower Proterozoic rocks. Primary gold occurs in three distinct styles:
- In quartz-sulphide stockwork zones within pyritic and carbonaceous black shales
- In quartz-sulphide impregnated shear zones at formation contacts
- In quartz-sulphide veins within the Zamu Dolerite
The mineralization follows the axis of the Howley Anticline, approximately 12km along strike north from the Cosmopolitan Howley Gold Mine. The geometry and consistent nature of the mineralization provide excellent targets for resource expansion.
What is an Anticline?
An anticline is a fold in rock layers that forms an arch-like structure with the oldest rocks at the core. In gold exploration, anticlines are important structural features because they can create ideal conditions for mineralizing fluids to deposit gold. The folding process creates fractures and spaces in the rock where gold-bearing solutions can flow and precipitate. At Bridge Creek, the Cosmo Howley anticline appears to be a key controlling structure for the gold mineralization, with the potential to host significant additional resources along its 1.5km identified strike length.
Strategic Implications for Investors
For investors, these results represent a significant validation of Far Northern Resources' Bridge Creek project potential. The company appears well-positioned with:
-
Resource growth potential: The current 70,560-ounce inferred resource provides a solid base, with clear pathways for expansion along strike and at depth.
-
Project portfolio diversification: Bridge Creek complements FNR's existing Empire Stockworks project in Queensland (0.82Mt @ 0.85g/t Au for 22,500 ounces), bringing the company's total resource to 2.79Mt @ 1.04g/t Au for 93,060 ounces.
-
Clear forward strategy: With Phase One drilling confirming high-grade potential, FNR has outlined plans for continued targeted drilling aimed specifically at increasing resources at Bridge Creek.
What's Next for Far Northern Resources
The company has indicated that its next steps include a targeted drilling program aimed at increasing resources at Bridge Creek along the anticline. This strategic focus suggests a clear pathway toward resource expansion in the near term.
The fact that FNR's team has already been on the ground preparing for Phase 2 drilling indicates momentum and commitment to rapidly advancing the project.
Why Investors Should Follow Far Northern Resources
Far Northern Resources presents a compelling case for gold investors for several key reasons:
-
High-grade discovery potential: The exceptional grades (up to 104 g/t Au) demonstrate the project's potential for high-grade zones that could significantly enhance the economic viability of any future mining operation.
-
Resource growth trajectory: With mineralization open in multiple directions, there's substantial room for resource expansion beyond the current 70,560 ounces.
-
Experienced management: The systematic approach to exploration and clear communication of results suggests a technically sound management team capable of efficiently advancing the project.
-
Strategic location: The Northern Territory project benefits from reasonable proximity to infrastructure, with the deposit located approximately 125km SSE of Darwin and 35km SE of Adelaide River.
With gold prices remaining strong and Far Northern Resources Bridge Creek drilling results demonstrating clear exploration success at Bridge Creek, the company represents an emerging opportunity in the Australian gold sector with visible pathways for growth and value creation.
Want to Discover Far Northern Resources' Golden Opportunity?
For investors seeking exposure to high-grade gold discoveries, Far Northern Resources (ASX:FNR) offers compelling potential with its impressive Bridge Creek project results showing grades up to 104 g/t gold. To learn more about FNR's expanding gold resource base and their strategic drilling plans along the prospective Cosmo Howley anticline, visit Far Northern Resources' website for the latest investor information and project updates.
