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Flynn Gold Ltd. ( (AU:FG1) ) has issued an announcement.
Flynn Gold Ltd. has announced significant progress in its exploration activities in Tasmania, particularly at the Golden Ridge Project where high-grade gold intercepts have been confirmed. The company has completed several drilling programs and discovered new high-grade gold at the Double Event Prospect. Additionally, Flynn Gold has strengthened its financial position with a successful $5 million capital raise and secured government grants to support further exploration efforts. These developments are expected to enhance the company’s operational capabilities and potentially increase its market presence in the mining sector.
More about Flynn Gold Ltd.
Flynn Gold Ltd. operates in the mining industry, focusing on exploration and development of gold and other mineral resources. The company is actively involved in projects across Tasmania, with a particular emphasis on gold exploration at various prospects such as Golden Ridge and Firetower.
Average Trading Volume: 988,261
Technical Sentiment Signal: Buy
Current Market Cap: A$16.43M
For an in-depth examination of FG1 stock, go to TipRanks’ Overview page.