Far Northern Resources (ASX: FNR) Returns Bonanza-Grade Gold at Bridge Creek in Northern Territory

Aditi Sarkar

10 November 2026 06:36 PM AEDT

Far Northern Resources (ASX: FNR) Returns Bonanza-Grade Gold at Bridge Creek in Northern Territory

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Highlights

• Far Northern Resources (ASX: FNR) has reported diamond hole FNRBCDD004 returning 4m at 110.06g/t gold from 16m, including 1m at 425.2g/t gold — the best intersection by gram-metre basis drilled at Bridge Creek to date.

• The high-grade zone was intersected only 16m downhole on the north-western Margin of the current resource, where drilling has been limited, with mineralisation open to the northwest.

• Diamond hole FNRBCDD006 returned 60m at 2.00g/t gold from 53m, the longest continuous mineralised interval drilled at Bridge Creek, confirming continuity through the core of the deposit.

• An updated Mineral Resource Estimate incorporating the 2026 diamond drilling results is expected in Q1 2027, to be followed by a Scoping Study in Q2–Q3 2027.

Far Northern Resources Limited (ASX:FNR), a gold explorer focused on the Bridge Creek Gold Project in the Northern Territory, has reported its first round of assay results from the diamond drilling program completed on its Mining lease. The results include a standout bonanza-grade intersection and a broad zone of continuous mineralisation through the deposit core, both of which will be incorporated into an updated Mineral Resource Estimate planned for early 2027.

FNRBCDD004: Shallow Bonanza-Grade Gold on Northwestern Margin

Diamond hole FNRBCDD004, drilled primarily for metallurgical and geotechnical purposes, returned 4m at 110.06g/t gold from 16m, including 1m at 425.2g/t gold from 16-17m. The gram-metre value of 440 gram-metres makes this the best intersection drilled at Bridge Creek on that basis. The result was obtained at just 16m downhole depth on the north-western margin of the Bridge Creek Central deposit — an area that has seen very limited historical drilling — indicating potential for further discoveries in this under-tested direction. The hole was abandoned at 68.9m due to ground conditions and ended in mineralisation. Follow-up drilling to test the high-grade zone along strike and down-plunge is being planned.

FNRBCDD006: Broad Continuity Through Deposit Core

Diamond hole FNRBCDD006 returned 60m at 2.00g/t gold from 53m, including 7m at 4.13g/t gold from 53m and 28m at 2.10g/t gold from 69m, with individual metres of up to 16.41g/t and 10.88g/t gold. This is the longest continuous mineralised interval drilled at Bridge Creek to date. The hole was drilled through the centre of the Bridge Creek Central deposit, and its results confirm the continuity of mineralisation through the core of the deposit between surrounding historical holes. This continuity confirmation is important for the upcoming MRE update.

Resource Update and Development Path

Bridge Creek currently hosts a Mineral Resource of 93,000 ounces across its Central and South deposits, forming part of the company's total Northern Territory resource base of 117,000 ounces including the Ios Gold Project. The results from all six diamond holes will feed into an updated MRE for Bridge Creek expected in Q1 2027, to be followed by engagement of a metallurgical consultancy to advance testwork and a Scoping Study in Q2-Q3 2027. The discovery of significant gold at the north-western margin extends the known footprint of the Bridge Creek Central deposit and indicates potential for resource growth in this direction.

Key Insights

The 425.2g/t gold metre from just 16m depth on a previously under-drilled margin is particularly significant, as it suggests the Bridge Creek deposit may be open in a direction not previously well-tested.

The 60m continuous intersection through the deposit core confirms the geological model and provides high-confidence data for MRE estimation and mine planning.

An updated MRE incorporating the 2026 diamond drilling results is planned for Q1 2027, with a Scoping Study to follow — representing a clear and time-bound development path.

Bridge Creek's location on granted mining leases reduces Regulatory Risk and positions the project for a relatively straightforward transition to study-stage activities.

FAQs

Q: What is the Bridge Creek Gold Project?

A: Bridge Creek is a gold deposit in the Northern Territory, Australia, situated approximately 125km south-southeast of Darwin. It currently hosts a Mineral Resource of 93,000 ounces and lies on granted mining leases.

Q: What makes the FNRBCDD004 result significant?

A: At 440 gram-metres, the intersection including 1m at 425.2g/t gold from just 16m depth is the best result on a gram-metre basis ever drilled at Bridge Creek, and was returned from an under-drilled margin of the deposit, indicating potential for further discovery.

Q: Why is a 60m intersection at 2g/t gold important?

A: The length and grade of FNRBCDD006 confirm the continuity of mineralisation through the core of the Bridge Creek Central deposit, strengthening confidence in the resource model and providing important data for the upcoming MRE update.

Q: When is the updated resource estimate expected?

A: An updated Mineral Resource Estimate incorporating the 2026 diamond drilling results is expected in Q1 2027, with a Scoping Study planned for Q2-Q3 2027.

Q: What is the total resource base for Far Northern Resources in the NT?

A: The company's total Northern Territory Mineral Resources are approximately 117,000 ounces, comprising Bridge Creek's 93,000 ounces and the Ios Gold Project's 24,000 ounces.

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