Key Highlights

  • Hole FNRBCDD004 returned 1 metre at 425.2 grams per tonne gold from 16 metres, within 4 metres at 110.06 grams per tonne.
  • Hole FNRBCDD006 returned 60 metres at 2.00 grams per tonne gold from 53 metres through the core of the deposit.
  • Bridge Creek hosts a resource of 93,000 ounces, and Northern Territory resources total 117,000 ounces with Ios.
  • An updated Mineral Resource Estimate for Bridge Creek is expected in the first quarter of 2027.

Far Northern Resources Limited (ASX:FNR) has reported the first assay results from a diamond drilling program recently completed on its Mining Lease at Bridge Creek in the Northern Territory. The announcement, dated 10 November 2026, highlights a shallow high-grade intersection on the north-western Margin of the deposit and a longer intercept through the centre. The company says all six holes will feed into an updated Mineral Resource Estimate expected in the first quarter of 2027.

High-Grade Result on the North-Western Margin

Diamond hole FNRBCDD004 returned 4 metres at 110.06 grams per tonne gold from 16 metres, including 1 metre at 425.2 grams per tonne. The company describes this as bonanza-grade mineralisation close to surface. The hole was drilled primarily for metallurgical and geotechnical purposes, and it sits on a part of the current resource where drilling has been limited. Mineralisation is open to the north-west.

On a gram-metre basis, the company says the intersection is the best drilled at Bridge Creek to date. Gram-metre values multiply grade by width, and they are useful for ranking intercepts but do not show how representative a single thin high-grade zone is of the wider deposit.

Core of the Deposit and Other Intercepts

Hole FNRBCDD006 was drilled through the core of the Bridge Creek Central deposit and returned 60 metres at 2.00 grams per tonne gold from 53 metres. The company describes this as the longest continuous mineralised downhole interval drilled at Bridge Creek and says it confirms continuity between surrounding holes. Other holes returned lower-grade intercepts, including 4 metres at 0.83 grams per tonne from 20 metres in FNRBCDD001 and 2 metres at 0.95 grams per tonne in FNRBCDD005.

Hole FNRBCDD002 was a geotechnical hole and returned no significant intersections, a result that the company has not presented as a concern for the wider deposit.

Resource Base and Next Steps

Bridge Creek currently hosts 93,000 ounces of gold, made up of 76,000 ounces at Bridge Creek Central and 17,000 ounces at Bridge Creek South. Including the 24,000-ounce Ios Gold Project, the company's Northern Territory resources total 117,000 ounces. The results will feed into the resource update, and follow-up drilling is planned to test the high-grade zone along strike and down-dip.

Results from the update will show whether the new high-grade interval changes the grade or tonnage of the existing estimate, and whether the north-western margin should be treated as part of the resource.

Risks and Limitations

Single-metre intersections of very high grade can be heavily influenced by the nature of the sampling and the nugget effect typical of gold deposits, and they are not reliable indicators of average grade. The company has yet to test the high-grade zone along strike or at depth, so its continuity is unknown. The resource update will also depend on the way the new assays are interpreted alongside historical data.

Final Word

Far Northern's Bridge Creek results combine a very high-grade shallow intersection with a long, continuous interval through the centre of the deposit. The company's immediate focus is follow-up drilling to test whether the high-grade zone extends, and the updated resource in early 2027 will show how these results shift the estimate. Investors will be looking to see whether the north-western margin adds to the resource base or remains a localised feature.