Flynn Gold (ASX:FG1) expands drilling program at Firetower Gold-Tungsten Project

Flynn Gold has commenced diamond drilling at its 100%-owned Firetower Gold-Tungsten Project in northern Tasmania, with the company expanding its planned Phase 2 drilling program from three holes to up to ten diamond core holes for approximately 1,600m.

According to the company, the program is targeting depth extensions to high-grade polymetallic gold-tungsten-cobalt mineralisation and will collect fresh core samples for planned metallurgical testwork, with results intended to support delivery of a maiden Mineral Resource Estimate for the project.

Highlights

• Diamond drilling underway at the Firetower Gold-Tungsten Project in northern Tasmania.
• Planned drilling program expanded from three holes to up to ten drill holes for approximately 1,600m.
• Program designed to test extensions of high-grade gold-tungsten-cobalt mineralisation.
• Fresh core samples to be collected for planned metallurgical testwork.
• Results intended to support delivery of a maiden Mineral Resource Estimate for Firetower.

The company stated that the expanded program is designed to test down-dip extensions to high-grade polymetallic Au-W-Co-Cu mineralisation intersected in previous drill holes, collect fresh diamond core samples for planned metallurgical testwork and provide in-fill and extensional data to support a maiden Mineral Resource Estimate.

Three of the planned holes will be extensions to existing historical drill holes. Drilling of the first hole, 2019FTD014E, is now underway.

According to the announcement, the hole is a diamond extension to historical drill hole 2019FTD014 and is targeting continuation of polymetallic mineralisation approximately 75m down-dip from the high-grade intercepts in hole 2019FTD007E.

The first hole is testing for down-dip extensions below the previously reported intercept in hole 2019FTD007E of 17m @ 2.31g/t Au, 0.73% WO₃, 0.16% Co and 0.16% Cu from 121m.

The company also highlighted previous drilling and historical re-assay results including 9.0m @ 2.56g/t Au, 0.32% WO₃, 0.25% Co and 0.1% Cu from 99m in hole 2019FTD006, 10.0m @ 2.64g/t Au and 0.19% WO₃ from 63m in hole 2019FTD011, and 10.0m @ 0.62g/t Au, 0.29% WO₃, 0.22% Co and 0.08% Cu from 216m in hole FTD041.

According to the announcement, Firetower is located within the north-eastern extension of the Mt Read Volcanics belt in northwest Tasmania.

Mineralisation at Firetower has been defined by drilling over a strike length of approximately 250m and to depths of 150m below surface, remaining open at depth, while since acquiring the project in 2023 Flynn Gold has completed desktop studies, limited new drilling, and comprehensive re-logging and re-assaying of historical diamond core.

Flynn Gold Managing Director and CEO Neil Marston said:

“We are delighted to have a new phase of drilling underway at the Firetower Project, with the goal of rapidly advancing the high-grade gold-tungsten-cobalt mineralisation towards a maiden Mineral Resource Estimate. The Company’s board has recently approved an expansion of the planned drilling from three to ten holes, all of which are fully permitted, with the first hole now underway.”

The company stated that the drilling program is targeting depth extensions to mineralisation and that planned metallurgical testwork is aimed at supporting delivery of a maiden Mineral Resource Estimate for the Firetower Project.

According to the announcement, the expanded program has increased from three planned drill holes to up to ten diamond core holes for approximately 1,600m, with three of the planned holes being extensions to existing historical drill holes.

Flynn Gold also reported that diamond drilling at the Henty Silver-Lead-Zinc Project recently completed with six drill holes for 1,248m, with all potentially mineralised core samples sent for laboratory analysis and final assay results pending.

—

Click here to view the latest ASX news.

Subscribe to The Day’s Play for daily ASX insights and capital markets updates.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.