Flynn Gold (ASX:FG1)

Quarterly Activities Report 30 June 2024

Flynn Gold Limited (ASX:FG1, “Flynn” or “theCompany”) is pleased to report on its activities for the quarter ending 30 June 2024.


HIGHLIGHTS

Exploration – Golden Ridge Project, NE Tasmania

  • 1,500m drill program (Phase 3) at the Trafalgar prospect commenced during the quarter, comprising infill and extension drilling targeting down-dip and along-strike extensions to previous high-grade gold intercepts, includes multiple intersections grading >100g/t Au.
  • 3 drill holes (TFDD016-TFDD018) were completed for 927 metres by the end of the quarter.
  • Multiple high-grade gold veins intersected in drill hole TFDD016, including:
    • 0.4m @ 10.8g/t Au from 135.2m;
    • 0.5m @ 35.1g/t Au within 1.4m @ 12.7g/t Au from 164.6m (Trafalgar Main Vein);
    • 0.3m @ 19.0g/t Au within 0.65m @ 10.5g/t Au from 187.55m (Magazine Vein);
    • 0.3m @ 12.3g/t Au within 1.2m @ 3.5g/t Au from 233.0m;
    • 0.3m @ 39.2g/t Au from 243.2m;
    • 0.4m @ 67.6g/t Au within 1.3m @ 21.9g/t Au from 248.7m, and
    • 0.4m @ 6.0g/t Au within 1.3m @ 2.1g/t Au from 315.1m (Trafalgar South Vein).
  • Mapping and vein sampling within historic Golden Ridge adit has identified a significant new zone of high-grade gold mineralisation in the Link Zone prospect.
  • Underground grab sampling of mineralised veins in the Golden Ridge adit recorded high-grade gold assays including 64.4g/t Au, 37.6g/t Au and 15.9g/t Au.
  • New high-grade gold vein zone discovered in trenching 250m north of the Trafalgar mine where 17 out of 36 grab rock chip samples assayed over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au.

Exploration – Western Australia

  • Maiden soil sampling program at Forrestania Project outlined four high priority lithium anomalies up to 4,200m in length and 500m width.
  • Infill and extensional soil sampling at Parker Dome Project confirmed and extended multiple, large-scale, high priority lithium anomalies.

Corporate

  • Rights Issue successfully raised $2.5 million with strong support from existing shareholders and new investors introduced by Mahe Capital.
  • The Company’s cash position at 30 June 2024 was $2.96 million.

For further information or to post questions go to the Flynn Gold Investor Hub at https://investorhub.flynngold.com.au/link/GyVGje

Click here for the full ASX Release

This article includes content from Flynn Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

FG1:AU
The Conversation (0)
Flynn Gold (ASX:FG1)

Flynn Gold

Advancing three high-grade gold projects in Tasmania

Exploration Update - Golden Ridge Project, NE Tasmania

Exploration Update - Golden Ridge Project, NE Tasmania

Flynn Gold (FG1:AU) has announced Exploration Update - Golden Ridge Project, NE TasmaniaDownload the PDF here. Keep Reading...
High-Grade Silver-Lead at Henty Project, Western Tasmania

High-Grade Silver-Lead at Henty Project, Western Tasmania

Flynn Gold (FG1:AU) has announced High-Grade Silver-Lead at Henty Project, Western TasmaniaDownload the PDF here. Keep Reading...
December 2024 Quarterly Activities Report and Appendix 5B

December 2024 Quarterly Activities Report and Appendix 5B

Flynn Gold (FG1:AU) has announced December 2024 Quarterly Activities Report and Appendix 5BDownload the PDF here. Keep Reading...
Flynn Expands Key Gold Targets at Golden Ridge, NE Tasmania

Flynn Expands Key Gold Targets at Golden Ridge, NE Tasmania

Flynn Gold (FG1:AU) has announced Flynn Expands Key Gold Targets at Golden Ridge, NE TasmaniaDownload the PDF here. Keep Reading...
Exploration Licence Granted at Beaconsfield in NE Tasmania

Exploration Licence Granted at Beaconsfield in NE Tasmania

Flynn Gold (FG1:AU) has announced Exploration Licence Granted at Beaconsfield in NE TasmaniaDownload the PDF here. Keep Reading...
Scales of justice, gavel, and law books on a desk.

Tudor Gold Sues BC, Seabridge Over Tunnel Rights in Golden Triangle

An ongoing land-use dispute in British Columbia’s mineral-rich Golden Triangle has escalated into a full-blown legal battle as Tudor Gold (TSXV:TUD,OTC Pink:TDRRF)takes the province and rival Seabridge Gold (TSX:SEA,NYSE:SA) to court over tunneling rights linked to one of Canada’s largest... Keep Reading...
Two 3D arrows, one black and one gold, merge and point upwards on a white background.

Predictive Discovery and Robex Merge, Combining West African Gold Projects

Australia-based Predictive Discovery (ASX:PDI) and Canadian company Robex Resources (ASX:RXR,TSXV:RBX,OTC Pink:RSRBF) have agreed on a merger of equals, creating West Africa’s new mid-tier gold producer.In a joint announcement, the companies said that Predictive Discovery will indirectly acquire... Keep Reading...
Gold bars and silver coins scattered on a surface.

Gold Price Breaches US$4,000, Silver Tests US$50

Gold marked a new price milestone on Wednesday (October 8), breaking US$4,000 per ounce. The spot price hit a fresh record, rising as high as US$4,056.14 in midday trading. Future prices for gold breached US$4,000 for the first time on Tuesday (October 7) and have continued to climb higher.The... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Physical gold bar and gold Maple Leaf coin with small gold nuggets on top.

A Guide to Investing in Physical Gold

Gold is known as an attractive safe-haven investment and has been used to store wealth during volatile times through history. It has interesting currency-like tendencies, and retains its purchasing power better than paper currencies.For that reason, gold market analysts typically recommend that... Keep Reading...
Earthwise Minerals (CSE:WISE)

Earthwise Minerals Extends Private Placement

Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company") announces that it will extend the terms of the private placement previously announced August 13, 2025. Earthwise intends to complete a non-brokered private placement financing (the "Offering") of up to 7,500,000 flow... Keep Reading...

Latest Press Releases

Related News