Transcription of The Stock Network Interview with Flynn Gold (ASX:FG1) Managing Director and CEO, Neil Marston
Lel Smits: Flynn Gold is focused on creating value through high-grade gold exploration at its Golden Ridge project in Tasmania. With a strong leadership team, 100% owned tenements and recent bulk sample results, the company is now preparing to drill its new greenfields discovery at the Grenadier prospect. Ahead of appearing at Sydney Mining Club, Managing Director and CEO Neil Marston joins me. Neil, welcome to The Stock Network.
Neil Marston: Good to be with you here today, Lel.
Lel Smits: Now, Flynn Gold has just reported bulk sample results from Grenadier at your Golden Ridge project. Why are these results such a big deal and what’s next as drilling kicks off in the coming weeks?
Neil Marston: Well, Golden Ridge is our flagship project and within that we’ve recently discovered this prospect called Grenadier, as you and we did that using soil sampling and conventional trenching techniques which helped us to identify, we’ve got a soil anomaly which is about a kilometre in length, so it’s quite significant and within that our trenching has identified a gold vein system which is about 300 metres long at the moment. It’s open along strike and during that program what we did was we turned the excavator around and excavated along the vein that we exposed.
It was really over half a metre of width which we thought was quite interesting so we exposed it for about 10 or 12 metres and then we actually dug down about a metre into the vein at depth to get the 10 tonnes of material out and we’ve sent some of that samples of that off to the lab and we got over 10 grams per tonne gold in the composite samples and we got, most importantly, about 95% gold recovery from cyanide leaching so that really excites us that the mineralisation will be easy to process going forward when we get into production hopefully and our next step with that bulk sample is to take a larger portion of it and send it off for a more comprehensive metallurgical test work program which will kick off over the next few weeks and months and then of course because we’ve had so much success there we’ve decided to start drilling, so we’ve got drilling permits in place and we’ll be putting a rig onto site very shortly and we really look forward to seeing what the core looks like when we drill underneath these veins which are at the surface.
Lel Smits: Excellent, now the Golden Ridge project stretches over nine kilometres with multiple gold zones yet grenadier isn’t even included in your current exploration target. How much growth potential do you see across this project?
Neil Marston: Well we see huge potential for the exploration target at Golden Ridge which we really believe the project has the potential to be a multi-million ounce deposit. The exploration target is overall at the moment only covers three prospect areas which is Trafalgar, Brilliant and the Link Zone and in that we’ve got between 3.5 and 5.4 million tonnes at a grade range of three to four grams per tonne gold which is a very decent grade and that contains about 449 to 520 000 ounces at the moment but we’re really aiming to grow that by adding grenadier and other areas which we’re working on at the moment onto that table and look forward to pushing that exploration target much higher over the coming months.
Lel Smits: Well great to get the update from yourself about Flynn Gold and look forward to hearing more at Sydney Mining Club.
Neil Marston: Look we really look forward to attending next week and any of our shareholders who are in Sydney next week please reach out to us and we’ll make sure you can get a ticket to attend.
Ends