Flynn Gold Limited (ASX: FG1) — Maiden Drilling Confirms Strike-Extensive Silver System at Silver King, Henty Project, Tasmania
3 July 2027
Price Sensitive Announcement $
Highlights:
- Strong silver-lead-zinc mineralisation intersected in all five drill holes completed along the Silver King Trend at Flynn’s 100% owned Henty Silver-Lead-Zinc Project near Zeehan in western Tasmania — the first modern drilling along the trend in more than 80 years
- Standout intersections include 1.0m @ 1,349.9g/t AgEq from 101.0m including 0.4m @ 3,087.7g/t AgEq (2,450g/t Ag, 29.5% Pb, 9.0% Zn) from 101.2m in SKDD001, and 0.75m @ 797.6g/t AgEq from 102.8m in SKDD003
- The developing geological model indicates strike-extensive, structurally controlled vein systems hosting multiple high-grade silver-lead-zinc shoots, consistent with high-grade silver districts worldwide
- Four interpreted high-grade shoot targets have been identified along the 1.6km Silver King Trend — Silver King, South King, Fahey’s Gap and Sunrise-Bell — with significant portions of the trend remaining untested by modern drilling
- 74 rock chip samples collected across the broader North Henty Project returned 44 samples exceeding 311g/t AgEq (10oz/t AgEq), including 13 samples exceeding 933g/t AgEq (30oz/t AgEq) from vein trends subparallel to Silver King — confirming high-grade mineralisation is not confined to the Silver King Trend
- Multiple prospective mineralised vein trends identified across the broader project area, including the adjacent Maxim and Austral prospects where historical drilling returned significant Ag-Pb-Zn intercepts with no subsequent follow-up
- Excellent infrastructure including sealed road access, grid power and proximity to the mining centre of Zeehan
Overview:
Flynn Gold has delivered a highly encouraging maiden drilling result from its Silver King Prospect at the Henty Silver-Lead-Zinc Project in western Tasmania, with all five diamond drill holes intersecting significant silver-lead-zinc mineralisation and confirming the presence of high-grade vein structures beneath the historical Silver King and South King mines for the first time in over 80 years.
The five-hole program comprised three holes at the Silver King Prospect and two holes at the South King Prospect, approximately 1km apart along a 1.6km interpreted mineralised corridor. The results have significantly improved Flynn’s understanding of the structural controls on mineralisation and support an emerging geological model of strike-extensive, structurally controlled vein systems hosting multiple high-grade shoots — a system style consistent with major silver districts globally.
SKDD001, the standout hole, returned 1.0m @ 1,349.9g/t AgEq from 101.0m, with a high-grade sub-interval of 0.4m @ 3,087.7g/t AgEq (2,450g/t Ag, 29.5% Pb, 9.0% Zn) from 101.2m. The associated copper, antimony and arsenic geochemistry points to a probable freibergite association — a silver-bearing tetrahedrite mineral historically noted with exceptionally high-grade silver mineralisation across the broader Zeehan mineral field. At South King, SKDD003 intersected multiple high-grade veins within a broader 3.8m mineralised zone, with core loss preventing a continuous reported interval but indicating a wider mineralised system than the assayed intervals alone suggest.
Beyond the drilled Silver King Trend, Flynn’s regional reconnaissance work is revealing a substantially larger mineralised system across the North Henty Project. Rock chip sampling of historical workings, mullock dumps and mineralised float across multiple subparallel vein trends returned 44 of 74 samples above 311g/t AgEq, with 13 samples exceeding 30oz/t AgEq — demonstrating that high-grade silver-lead-zinc mineralisation is widespread across the project. Sparse historical drilling of the adjacent Maxim and Austral vein trends also returned significant intercepts with no subsequent follow-up, representing ready-made targets for Flynn’s next phase of exploration.
With four interpreted shoot targets now defined along the Silver King Trend alone, and multiple additional mineralised vein trends identified across the broader North Henty Project, Flynn is building a compelling exploration pipeline well beyond the current drilling area.
Company Notes:
Flynn Gold Managing Director and CEO, Neil Marston, commented: “This maiden drilling program has delivered exactly what we set out to achieve – beyond confirming high-grade silver-lead-zinc mineralisation beneath the historical Silver King and South King mines, the program has significantly improved our understanding of the geological controls on mineralisation along the Silver King Trend, providing a strong platform for the next phase of exploration. The program has identified multiple high-priority targets along the 1.6-kilometre Silver King Trend, with significant portions of the trend remaining untested by modern drilling. These results give us increasing confidence that additional high-grade mineralisation can be targeted along strike and at depth. Beyond Silver King, our ongoing review of historical exploration, combined with geological mapping and surface sampling, is revealing a much larger mineralised system across the North Henty Project. This expanding pipeline of targets provides Flynn with exciting exploration opportunities well beyond the current drilling area.”
About Flynn Gold Limited (ASX: FG1):
Flynn Gold is an ASX-listed silver-lead-zinc and gold explorer advancing its 100% owned Henty Silver-Lead-Zinc Project near Zeehan in western Tasmania. The project’s Silver King Trend hosts a historically productive silver-lead-zinc vein system now confirmed by modern drilling to extend beneath historical mine workings across a 1.6km corridor. Flynn’s ongoing regional work across the broader North Henty Project area is identifying multiple subparallel mineralised vein trends, highlighting the district-scale exploration potential of one of Tasmania’s most prospective silver-lead-zinc provinces.
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