Flynn Gold

September 2024 Quarterly Activities Report and Appendix 5B

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


Highlights

Exploration – Golden Ridge Project, NE Tasmania

  • Multiple gold-bearing quartz veins successfully intercepted in diamond drilling at the new Trafalgar North vein zone discovery. Two drill holes completed at Trafalgar North, with best mineralised intercepts including:

TFDD019

    • 4.8m @ 4.0g/t Au from 165.6m; including:
      • 0.4m @ 17.9g/t Au from 166.9m, and
      • 0.4m @ 24.0g/t Au from 170.0m
    • 0.3m @ 25.1g/t Au from 440.5m

TFDD020

    • 3.05m @ 4.9g/t Au from 53.1m including
      • 0.35m @ 40.0g/t Au
    • 2.7m @ 4.1g/t Au from 115.4m, including
      • 0.35m @ 26.6g/t Au
  • Gold mineralisation at Trafalgar North confirmed from surface to over 150m depth and open in all directions
  • New in-situ gold vein system discovered during surface sampling and trenching programs at the Grenadier Prospect
  • Flynn Gold to receive up to $140,000 to co-fund drilling under the Tasmanian Government’s Exploration Drilling Grant Initiative (EDGI)

Exploration – Other Projects, NE Tasmania

  • New Exploration Licence Application submitted over 40km2 of highly prospective exploration tenure surrounding the historic Beaconsfield Gold Mine
  • Exploration landholding in NE Tasmania reduced by 457km2 (30%) to approximately 1,020km2, reducing holding costs significantly

Corporate

  • The Company’s cash position at 30 September 2024 was $1.83 million
  • An At-The-Market Subscription Agreement signed with Dolphin Corporate Investments, providing Flynn with up to $2,000,000 of standby equity capital over the next three years

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Flynn is an Australian mineral exploration company with a portfolio of 100% owned exploration projects in Tasmania and Western Australia (see Figure 1).

The Company has eight 100% owned tenements in north-east Tasmania which are highly prospective for gold as well as tin/tungsten. The Company also holds the Henty zinc-lead-silver project on Tasmania’s mineral-rich west coast and the Firetower gold and battery metals project located in north-western Tasmania.

Flynn has also established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia. In addition, Flynn holds a binding Option Agreement to acquire two exploration licences at Parker Dome (Forrestania), Western Australia.


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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