
July 30, 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.
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