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Flynn Gold Limited (“FG1” or “Flynn Gold”) (ASX: FG1) is pleased to announce results from its soil sampling program at its recently optioned2 Parker Dome lithium-gold project, situated in the highly prospective Forrestania Belt in Western Australia.
Highlights
- Soil sampling outlines multiple, large-scale lithium anomalies of up to 187ppm Li2O at the recently optioned Parker Dome project
- Lithium anomalies extend up to 2,300m length and 900m width
- Lithium-in-soil anomalies have corresponding and coincident anomalous values of caesium (Cs) and tantalum (Ta), considered key pathfinder elements for potential lithium mineralisation
- Anomalies overlie the Western and Eastern Pegmatite Trends defined by historic RAB drilling1 where historic drill holes contain logged pegmatite with no assays for lithium
- Planning underway for a first-pass RC drilling program to test targets
The licences are located 50km north of the world class Mount Holland lithium project and 20km north-east of the Rio lithium deposit held by Zenith Minerals Limited (ASX: ZNC)3 (see Figure 1).
The soil sampling program was designed to provide first-pass geochemical coverage over the Western and Eastern pegmatite trends, delivering the first systematic lithium and associated pathfinder assays for the project.
Managing Director and CEO, Neil Marston commented,
“We are very pleased with the results of the first soil program at Parker Dome, which delineated a series of strong kilometre-long lithium soil anomalies in areas not yet drill tested for lithium, highlighting the exciting lithium potential of the project.”
“The consistency and coherency of the lithium values within these large-scale anomalies is impressive. The coincident pathfinder elements like tantalum and caesium as well as the identification of logged pegmatite in historic drill holes make these areas compelling targets which have been cheaply delineated”.
Figure 1 - Location of Flynn’s Forrestania and Lake Johnston projects and Parker Dome licences under option
Parker Dome Project - Soil Sampling Program
The results from an auger soil geochemistry program at the Parker Dome project have been received and have outlined six new, large-scale, high priority lithium anomalies4 with associated pathfinder geochemistry (Figures 2 - 10).
The soil program was designed to provide first-pass coverage over the Western and Eastern pegmatite trends. The pegmatite trends were outlined by historic, shallow RAB drilling which intersected multiple pegmatite intersections logged over a wide area5, with most holes ending in pegmatite up to 12m thick. The historic drill holes with pegmatite were not assayed for lithium. Flynn believes the soil sampling results announced in this release represent the first significant systematic exploration for lithium at the Parker Dome project.
The auger soil survey was completed on a spacing which varied between 200m x 100m and 400m x 100m, with a total of 679 soil samples collected. Samples were sieved to -80 mesh (180um) and assayed at SGS Australia Pty Ltd, for lithium and associated pathfinder elements by four-acid digest with an ICP-MS finish and gold by 30g fire assay (refer Appendix 1 for further details). The auger soil program has outlined six, large, coherent lithium anomalies with coincident and zoned pathfinder element support (Figures 2 – 10). Three targets (Targets 3, 5 and 6) require further follow-up infill and extensional auger soil sampling. The six targets present as compelling, high order drill targets.
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
OPINION — Goldenomics 103: Gold Protects and Performs
By Darren Brady Nelson
US President Donald Trump’s “Liberation Day” tariffs certainly caused quite the stir in the markets on April 2.
Gold dropped about 6 percent, and silver 12 percent. A week later, a pause was announced, which ended on August 1. Gold and silver have since risen approximately 11 percent and 24 percent, respectively.
Six month gold and silver price performance.
Source: Trading Economics (gold) and (silver).
Unless you are a professional, or even amateur, trader, it is best to look at gold and silver investment with a perspective of years or decades, rather than just days, weeks or even months. Since the start of the COVID-19 panic in March 2020, gold and silver have exploded 123 percent and 192 percent.
10 year gold and silver price performance.
Source: Trading Economics (gold) and (silver).
In the shorter term, the gold price is driven by what economist John Maynard Keynes called “animal spirits.” In the longer term, it is driven by “monetary spirits.” And not just as protection, but also for performance. The Presidential Gold Guide highlights both in chapters four and five.
Source: Fisher Liberty Gold.
Gold unsurprisingly protects
Economist and investor Mark Skousen has wisely noted that: “Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.” Gold has more than countered the results of inflation, as measured by CPI, and the drivers of inflation, as measured by M3.
And the numbers back that up. The Gold Protects chart below compares the gold price, CPI and M3 in terms of cumulative growth of each from 1971 to 2025. That is throughout the whole era of gold as an investment, which officially started in 1974 once private ownership was restored.
During this era, gold grew by 541 percent, CPI by 214 percent and M3 by 384 percent. Annual average growth for gold was 10 percent, CPI at 4 percent and M3 at 7 percent. Maximums were 92 percent, 14 percent and 29 percent, respectively. CPI only failed to grow twice, ie. 0 percent in 2009 and 2015. M3 decreased twice, by -4 percent in 2023 and -6 percent in 2024.
Gold surprisingly performs
The highly respected In Gold We Trust (IGWT) report states: “When dealing with the specific level of gold allocation, it is advisable to differentiate between safe-haven gold and performance gold. The Big Long strategy emphasizes the potential of performance gold in the coming years.”
IGWT thus recommends an investment portfolio "rule of thumb" that includes 15 percent in “safe-haven gold” and 10 percent in “performance gold.” The Gold Performs chart below compares gold price, S&P 500 and nominal GDP in terms of cumulative growth of each from 1971 to 2025.
Gold grew by 541 percent, the S&P 500 by 484 percent and GDP by 339 percent. Annual average growth for gold was 10 percent, with the S&P 500 at 9 percent and GDP at 6 percent. Maximums were 92 percent, 45 percent and 14 percent, respectively. Gold did have a higher standard deviation of 27 percent, compared to 17 percent for the S&P 500 and 3 percent for GDP.
Animal and monetary spirits
Gold protects as a hedge or safe haven, not just from inflation, but from the flip side of that same coin of the boom-bust cycle. Both are driven, in the longer term, not by “animal spirits,” but by “monetary spirits.”
Inflation is when money inflation has a widespread impact as price inflation. A bubble is when money increases have a more concentrated impact such as in certain asset values. The bubble eventually bursts when “monetary spirits” are finally reined in by monetary realities.
I say “monetary spirits” because of the role of fiat money, as indicated by, say, M3. When money supply outstrips money demand in a localized way, then that is a bubble, and when in a general way, that is inflation.
The former shows up in certain asset, wholesale and/or producer prices, whilst the latter shows up in CPI. Asset prices include the S&P 500. But nominal GDP is also "ginned up" as it is ultimately a price times quantity measure as well. Price is expressed in money terms.
Conclusion
Gold can have ups and downs, as standard deviation indicates, due to the “animal spirits” of fear and uncertainty, that tend to be daily, weekly or monthly. Yet gold both protects and performs due to the “monetary spirits” of inflation and boom-bust, which tend to be decennially.
In particular, gold performs when the S&P 500 does not, like in the aftermaths of the 2001/2002 dot-com collapse, the 2008/2009 global financial crisis and 2020/2021 COVID-19 lockdowns.
Therefore, when it comes to gold, “follow the money” of central bank “money printing” and fractional reserve bank “fountain pen money,” for both superior inflation protection and boom-bust performance.
And besides, Skousen rightly "begged the question" as follows: “Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds?”
About Darren Brady Nelson
Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.
Click here to read Goldenomics 101: Follow the Money, and here to read Goldenomics 102: The Shadow Price of Gold.
