Flynn Gold

New Large-Scale Lithium Soil Anomalies at Forrestania, WA

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to announce results from its auger soil sampling programs recently completed at its Forrestania and Parker Dome lithium-gold projects, situated in the highly prospective Forrestania Belt in Western Australia.


Highlights

  • Maiden soil sampling program outlines four high priority lithium anomalies at the Forrestania Project near the Mt Holland Lithium Mine1 in Western Australia
  • Large-scale, new lithium anomalies outlined at the Forrestania Project up to 4,200m in length and 500m width
  • Additionally, results from infill and extensional soil sampling confirm and extend multiple, large-scale, high priority lithium anomalies at the Parker Dome Project 2
  • Results from both projects include multiple lithium anomalies with +100ppm Li2O signatures, supported by key pathfinder elements.

The licences are located near the world class Mount Holland lithium project held by Covalent Lithium Pty Ltd, a 50:50 joint venture partnership between Wesfarmers Limited (ASX:WES) and Sociedad Química y Minera de Chile (SQM) and the Rio lithium deposit held by Zenith Minerals Limited (ASX: ZNC) 3 (see Figure 1).

The auger soil sampling was designed to delineate new lithium-caesium- tantalum (LCT) anomalies at the Forrestania Project and to infill and extend lithium soil anomalies previously outlined at the Parker Dome Project 4.

Managing Director and CEO, Neil Marston commented,

“The Company is excited by our latest soil sampling program which has identified four, new lithium anomalies at our Forrestania Project, located just a few kilometres southeast of the recently commissioned world class Mt Holland lithium mine and concentrator.

“These results continue to improve the potential of Flynn’s portfolio of lithium- gold projects in Western Australia. With our focus on the Company’s gold and critical mineral assets in Tasmania, we will actively assess corporate and potential joint venture opportunities for these lithium assets.”

Forrestania Project Soil Sampling Program

Results from the maiden auger soil geochemistry program at the Forrestania Project have been received, outlining four new, large-scale, high priority lithium anomalies5, all with associated elevated pathfinder anomalism (Figures 2-6). The program was completed on Exploration Licence E77/2915, which is located 15km south-southeast of the world class Mount Holland lithium project and 60km south-southeast of the Rio lithium deposit held by Zenith Minerals Limited (see Figure 1).

Figure 1 - Location of Flynn’s Parker Dome and Forrestania projects

Figure 2 – Auger soil lithium (Li2O) results (ppm) over geological interpretation, showing targets, trends and Li2O contours. High priority Li anomaly targets are indicated by number 1 – 4.

The first-pass, wide spaced, soil sampling program at the Forrestania Project was designed to target the eastern margin of the Forrestania Greenstone Belt and major structures within interpreted remnant greenstone keels and roof pendants above and within fertile granitoid intrusions (Figure 2). The results have outlined four new, large-scale, high priority lithium anomalies in areas dominated by aeolian, alluvial and sheetwash sand plain cover. The targets overlie distinct magnetic lows interpreted to be associated with major structures and remnant greenstone keels (Figure 3).


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

Up to 67g/t Au Intersected in Drilling at Trafalgar, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide the first results from its latest diamond drilling activities at the Company’s 100% owned Golden Ridge Project located in Northeast Tasmania (Figure 1).

Keep reading...Show less
Flynn Gold

64g/t Au in High-Grade Veins at Golden Ridge Adit, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report high grade gold assays have been recorded from a recent field mapping and sampling campaign at the Link Zone prospect at its 100% owned Golden Ridge Project in Northeast Tasmania (see Figure 6).

Keep reading...Show less
Flynn Gold

March 2024 Quarterly Activities Report and Appendix 5B

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to present its Quarterly Activities and Cash Flow Report.
Keep reading...Show less
Flynn Gold

Drilling Underway at Trafalgar High-Grade Gold Prospect

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide an update on activities at the Company’s 100% owned Golden Ridge Project located in Northeast Tasmania (Figure 1).

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
Brien Lundin, gold bars.

Brien Lundin: Gold to be Last Asset Standing, Price Outlook for End of Cycle

Speaking to the Investing News Network, Brien Lundin, editor of Gold Newsletter, explained what factors kicked off gold's price run earlier in 2024, and what could drive it even higher as the year continues.

He also shared his thoughts on why gold stocks haven't yet moved as much as investors might have hoped.

"When you would have expected (gold) to maybe drop a couple hundred dollars if the (US Federal Reserve) pivot was being postponed — instead we're about US$300 higher," he said on the sidelines of the Rule Symposium.

Keep reading...Show less
Warriedar Resources

Diamond Drilling Program Expanded and High-Grade M1 Intercept Returned

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and assay results from its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).

Keep reading...Show less
Adrian Day, gold bars.

Adrian Day: "Extremely Rare" Gold Stock Opportunity Won't Last

Speaking to the Investing News Network, Adrian Day, president of Adrian Day Asset Management, explained what factors are behind gold's price rise and why gold stocks haven't performed as well as might be expected.

He also shared his thoughts on when gold equities will finally move higher.

"I think when companies start to report their second quarter earnings later this month, we're going to start to see some very attractive cashflow numbers — better than the first quarter, and better than the year-ago comparisons," Day said.

Keep reading...Show less
Three gold bars on price chart showing new gold all-time high with magnifying glass.

What Was the Highest Price for Gold? (Updated 2024)

Gold has long been considered a store of wealth, and the gold price 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 pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
Falcon Gold (TSXV:FG)

Falcon Closes Third Tranche of Private Placement

FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that it has closed the third tranche of its previously announced non-brokered private placement (the "Private Placement") through the issuance of 600,000 flow-through shares of the Company (the "FT Shares") at $0.05 per FT Share for gross proceeds of $30,000 (the "Third Tranche"). The gross proceeds from the Third Tranche will be used for the exploration and development of the Company's British Columbia, Ontario, Newfoundland, and Quebec projects to incur Canadian Exploration Expenses (CEE) and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada).

All securities issued pursuant to the Third Tranche will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to final acceptance of the TSX Venture Exchange.

Keep reading...Show less
Siren Gold (ASX:SNG)

AU$1.50 Valuation for Siren Gold ‘Achievable,’ says Analyst Report

Description:

Australian analyst firm Martin Place Securities has released an investment review of Siren Gold (ASX:SNG), an ASX-listed gold exploration company with a portfolio of assets in the historic Reefton goldfields in West Coast New Zealand, citing the potential for the company to achieve between AU$1.00 and AU$1.50 share price in two years.

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

×