Flynn Gold

High-Grade Gold-Cobalt-Tungsten Intersected at Firetower, NW Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn Gold” or “the Company”) is pleased to provide the first drilling results from its 100%-owned Firetower Project located in northwest Tasmania.


Highlights

  • First assay results from recent diamond drilling have confirmed potential for significant polymetallic gold and critical minerals mineralisation at the Firetower Project in northwest Tasmania
  • High-grade gold-cobalt-tungsten-copper mineralisation intersected, including:
    • 2019FTD007E:
      • 17.0m @ 2.31g/t Au, 0.16% Co, 0.38% WO3, 0.16% Cu from 121.0-138.0m, including:
        • 1.7m @ 6.64g/t Au, 0.12% Co, 0.87% WO3, 0.14% Cu from 121.0m, and
        • 5.5m @ 3.27g/t Au, 0.24% Co, 0.53% WO3, 0.33% Cu from 132.5m.
  • Diamond drilling program comprised one new drillhole and three diamond tail extensions to holes previously drilled in 2019, for a total of 496.0m
  • All drill core has been cut and submitted for multi-element analysis with 164.6m of assays reported here and assays pending for 331.4m
  • Drilling permits in place to extend additional shallow historic drill holes and test for depth and strike extensions to the high-grade polymetallic mineralised zone
  • Prospective strike length of 6km remains lightly drilled.
The initial drilling results confirm coherent zones of high-grade polymetallic gold, cobalt, tungsten and copper (Au-Co-W-Cu) mineralisation at the project, with laboratory assays for most of the program still pending.

Commenting on the drilling, Managing Director and CEO Neil Marston said

“High-grade gold-cobalt-tungsten has been recorded in the first results from drilling at the Company’s Firetower Project in northwest Tasmania. Our drilling has been successful in testing for depth extensions of the main mineralised zone.

“The 4-hole drill program completed in December 2023 tested depth extension targets generated from our recent review of the project.

“Previous drilling at Firetower has been generally shallow and across a limited strike length, with very few holes extending beyond 150m from the surface. Several previous drill holes ended in mineralisation.

“These early results demonstrate the depth continuity of mineralisation and highlight the significant potential for high-grade mineralisation to continue at depth and along strike.

“Importantly Flynn already has permits in place to undertake a follow-up drilling program to test for further mineralisation.”

Firetower Polymetallic (Au-Co-W-Cu) Mineralisation

The polymetallic Au-Co-W-Cu mineralisation at Firetower is currently defined by historic drilling over a strike length of 200m and remains open along a highly prospective 6km-long trend between the Firetower West and Firetower East prospects (Figure 1). The mineralisation, which partly outcrops, is currently drill-tested to approximately 150m depth and remains open down-dip.

Figure 1: Firetower Project Geology and Gold Prospects

Latest Firetower Drilling

One diamond drill hole and three diamond extension tails on existing holes were drilled at the Firetower Prospect for a total of 496.0m. The location of these 4 drill holes is shown in Figure 2. Table 1 contains full details of these drillholes.


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
Flynn Gold

Flynn Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Flynn Gold

Flynn Gold


Keep reading...Show less
Flynn Gold

Polymetallic Strike and Depth Potential Identified at Firetower Project

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide an update on its exploration activities at its 100%-owned Firetower Project located in northwest Tasmania.

Keep reading...Show less
Flynn Gold

December 2023 Quarterly Activities Report and Appendix 5B

Flynn Gold Limited (ASX: FG1, “Flynn Gold” or “the Company”) is pleased to report on its activities for the quarter ending 31 December 2023.

Keep reading...Show less
Flynn Gold (AU:FG1)

Drilling Confirms Gold System Near Surface at Warrentinna Project, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn Gold” or “the Company”) is pleased to announce the results from its maiden diamond drilling campaign at its 100%-owned Warrentinna Project in northeast Tasmania.
Keep reading...Show less

Barrick On Track to Achieve 2024 Targets

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q1 production of 940 thousand ounces of gold and 40 thousand tonnes of copper, as well as preliminary Q1 sales of 910 thousand ounces of gold and 39 thousand tonnes of copper. As previously guided, Barrick's gold and copper production in 2024 is expected to progressively increase each quarter through the year, with the Pueblo Viejo plant expansion ramping up from Q2 and the Porgera mine restart continuing in line with plans. We remain on track to achieve our full year gold and copper guidance.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Manuka Resources

Mineral Resource Update – Mt Boppy Gold Project

Sonic drilling program delivers significant increase in Resource confidence to support gold production at Mt Boppy

Manuka Resources Limited (ASX: MKR) (“Manuka” or the “Company”) is pleased to release an updated Mineral Resources Estimate for Mt Boppy. The Resource update supports Manuka’s strategy to install a purpose-built gold processing plant at Mt Boppy and recommence on-site gold production from Q4 2024.

Keep reading...Show less
Impact Minerals

Maiden Drill Programme to Commence at the Arkun Project, WA

An aircore drill programme will commence this week at Impact Minerals Limited's (ASX:IPT) Hyperion REE prospect, which is part of the 100% owned Arkun Project, located 150km east of Perth in the emerging mineral province of southwest Western Australia ( Figure 1).

Keep reading...Show less
Spartan Resources

New High-Grade Discovery – “Pepper” Prospect: 17.52m @ 15.86g/t Gold Incl. 9.22m @ 27.89g/t

Drilling immediately south of the Never Never Gold Deposit intersects a new high-grade lode with Never Never-style mineralisation and grades

Spartan Resources Limited (“Spartan” or “Company”) (ASX: SPR) is pleased to advise that it has discovered a new high-grade gold lode immediately south of the 952koz Never Never Gold Deposit at its 100%-owned Dalgaranga Gold Project (“DGP”) in the Murchison region of Western Australia.

Keep reading...Show less
Don Hansen, gold bars.

Don Hansen: Gold, Silver Price Potential Not Just Hype, History Backs Up Gains

Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network.

He discussed the relationship between the gold price and US money supply from 1970 to the present, showing how they diverged in previous bull markets and explaining what this historic precedent can tell investors.

"The interesting thing is that most of gains in these bull markets is in the last two or three years. And I think we are at the beginning of that period, which is why I think there's so much potential for gold and silver investors," Hansen explained.

Keep reading...Show less
Gold bar chart with "2024" overlay.

Gold Price Update: Q1 2024 in Review

The gold price hit record levels in the first three months of 2024. Opening the period on January 2 at US$2,041.20 per ounce, the yellow metal was coming off previous highs set in December 2023.

Gold remained rangebound for the first two months of the year, staying above the US$2,000 level until it briefly broke through support in the middle of February, falling to its quarterly low of US$1,991.98 on February 13.

Following this low, gold began a slow climb toward the start of March, ultimately soaring to a quarterly high of US$2,251.37 on March 31. Gold has continued to move since then, briefly passing US$2,400 on April 12.

Keep reading...Show less
Flynn Gold

Flynn Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×