Flynn Gold Limited has announced outstanding results from its maiden diamond drilling campaign at the Double Event Prospect, part of its fully owned Golden Ridge Project in northeast Tasmania. The company’s latest high-grade gold intersections confirm a robust mineralised system with standout assays including 35.1 g/t gold and multiple additional high-grade intervals—marking a major step forward in defining a district-scale gold opportunity.
Maiden Drilling Confirms Consistent High-Grade Gold
The nine-hole diamond drilling program at Double Event successfully intersected strong mineralisation in every hole drilled, demonstrating exceptional continuity of the quartz–sulfide vein system to depths exceeding 72 metres. These results provide compelling validation of Flynn Gold’s geological model and reinforce the potential for a large, continuous gold-bearing system.
According to the company, the drilling has confirmed that the sulphide-rich quartz veins identified at surface extend down-dip beneath high-grade trenching results—supporting the view that Double Event hosts significant vertical and lateral gold continuity.
Understanding Intrusive-Related Gold Systems
The Double Event discovery forms part of a broader Intrusive-Related Gold System (IRGS), a deposit style known for generating long-lived, large-tonnage gold resources. IRGS deposits are created when gold-rich fluids are expelled from cooling granitic intrusions, generating stacked or parallel vein networks along the intrusive contact zone.
These systems are highly attractive to investors because they commonly feature:
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Large strike lengths with multiple parallel structures
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Strong vertical continuity of mineralisation
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Potential for high-grade underground mining and bulk-tonnage open pit extraction
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Extensive alteration and geochemical footprints that support systematic target generation
Golden Ridge displays all hallmark characteristics of a major IRGS, spanning approximately 9 kilometres of prospective contact zone and hosting multiple high-grade prospects.
Expanding the Golden Ridge Mineralised Corridor
Double Event lies roughly one kilometre from Flynn Gold’s flagship Trafalgar Prospect, where previous drilling returned exceptional assays exceeding 100 g/t gold. New drilling, supported by expanding soil anomalies, indicates the presence of several sub-parallel vein systems that strengthen the continuity of the Golden Ridge corridor.
Recent soil sampling campaigns have defined:
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Big Penny expansion: Up to 74.7 ppb gold, broadening the anomaly westward
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New anomaly southeast of Double Event: Including peak values of 103.5 ppb
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Trafalgar North extension: Strongly anomalous results up to 171.3 ppb gold
Together, these results build a clearer picture of a multi-kilometre gold system with significant and repeated mineralised zones.
Strong Position Within a Larger Exploration Target
Flynn Gold has previously outlined a substantial JORC-compliant Exploration Target for Golden Ridge, totalling between 449,000 and 520,000 ounces of contained gold across several prospects. Double Event was not included in the original calculation, meaning all newly drilled and emerging mineralisation represents additional upside.
Current target parameters include:
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Tonnage: 3.5–5.4 million tonnes
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Grade: 3.0–4.0 g/t gold
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Contained metal: 449,000–520,000 ounces
The recent discovery, together with the earlier Grenadier find, strongly suggests the potential for significant growth in future resource estimates.
Immediate Growth Pathways Identified
Flynn Gold has highlighted several near-term exploration catalysts at Double Event and surrounding prospects:
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Untested high-grade trench intervals: Particularly in Trenches 8 and 9
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New high-grade rock chip results: Returning 11.9 g/t and 14.6 g/t gold north of the drilling area
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Multiple parallel veins: Identified within a 30-metre corridor
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Pending assay results: For the final drill holes of the campaign
These targets offer multiple opportunities to extend mineralisation both along strike and down dip.
A Systematic, Well-Funded Exploration Strategy
Flynn Gold is executing a clear, disciplined strategy to unlock the full potential of the 9-kilometre Golden Ridge corridor. Ongoing soil sampling, structural interpretation, and drilling are working together to refine high-priority targets and accelerate future discovery.
The company is well-funded following a recent capital raise, enabling sustained exploration across both the Golden Ridge and Mangana projects. Its strong cash position, zero debt, and active drilling programs provide a solid runway for continued growth.
Why Investors Are Watching Flynn Gold Closely
Flynn Gold is emerging as a standout name in the next wave of Australian gold exploration, with multiple catalysts positioning the company for significant value creation.
Key investment highlights include:
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District-scale potential: Extensive 9 km contact zone with multiple high-grade prospects
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Exceptional grades: Repeated intersections above 30 g/t gold, including standout >100 g/t results at nearby prospects
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Proven exploration success: A 100% strike rate in the maiden drilling round at Double Event
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Ongoing target expansion: Soil sampling continues to reveal new and growing anomalies
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Strong funding runway: Supporting an aggressive exploration schedule
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Experienced leadership: Extensive expertise in Tasmania’s gold systems
The Bottom Line: A Compelling High-Grade Discovery With Major Upside
Flynn Gold’s high-grade intersections at Double Event mark one of the most promising developments to date along the Golden Ridge corridor. With a consistent record of drilling success, multiple untested high-grade targets, expanding soil anomalies, and further assays pending, the company is well-positioned for continued discovery.
As exploration advances across this underexplored but highly prospective gold belt, Flynn Gold stands out as a compelling growth opportunity within the global gold sector.
