“New Exploration Objective Boosts Expansion at Tasmania’s Golden Ridge Prospect, Fueled by Flynn Gold”

Flynn Gold announces first JORC-compliant exploration target

Flynn Gold (ASX: FG1) has disclosed its first JORC-compliant exploration target for the Trafalgar, Brilliant, and Link Zone prospects situated within its Golden Ridge Project in north-east Tasmania. The exploration target is projected to be between 3.5 million and 5.4 million tonnes, with grades estimated between 3 grams per tonne (g/t) and 5 grams per tonne (g/t) of gold.

This revelation signifies an important achievement for Flynn Gold, as it sheds light on the potential magnitude of the resource at Golden Ridge. The JORC-compliant target serves as a crucial measure in mitigating risks associated with the project and paving the way for further resource delineation and development.

Investors are anticipated to closely monitor how this exploration target evolves into future drilling outcomes and updates to resource estimates, as the company continues to gain traction in the area. The high-grade characteristic of the target, when coupled with the substantial tonnage, positions Flynn Gold to potentially unlock considerable value from its Tasmanian holdings.

Plans for expanding the Golden Ridge Project in Tasmania

Flynn Gold’s choice to accelerate the expansion of its Golden Ridge Project follows encouraging early-stage exploration findings. The company has laid out an ambitious drilling initiative aimed at further clarifying and augmenting the mineralisation at the Trafalgar, Brilliant, and Link Zone prospects. This expedited strategy is anticipated to hasten the project’s development schedule, concentrating on transforming the exploration target into a JORC-compliant resource estimate.

The Golden Ridge Project is strategically positioned in a region renowned for its abundant mineral resources, and Flynn Gold is leveraging this advantage by increasing its exploration efforts. The company has already obtained the necessary permits and is deploying additional drilling rigs to the site. This will enable continuous drilling activity for the remainder of the year, aiming to achieve a resource upgrade in the short term.

Management at Flynn Gold has suggested that the expansion strategy is not restricted to the current prospects. The company is also assessing other high-priority targets within the broader Golden Ridge tenement portfolio, which could further amplify the project’s scale and economic viability. By hastening exploration and resource definition, Flynn Gold seeks to establish itself as a prominent participant in Tasmania’s burgeoning gold sector.

For investors, the expedited timeline and prospects for resource expansion at Golden Ridge offer a fascinating opportunity. With gold prices sustaining their strength and the demand for high-grade assets rising, Flynn Gold’s strategic effort to advance its Tasmanian project could yield substantial advantages in the coming quarters.