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Flynn Gold Ltd. ( (AU:FG1) ) just unveiled an update.
Flynn Gold has reported exceptional high-grade silver, lead and zinc mineralisation from the first diamond drill hole at the historic Silver King Mine within its Henty project, alongside strong shallow gold-tungsten intersections from re-sampled historical drilling at the Firetower project and high-grade tungsten rock chip results at Warrentinna. The company has also begun a major exploration phase at Golden Ridge targeting extensions to high-grade gold along a 3km contact zone, is studying the site’s potential as a regional gold processing hub, and has streamlined its portfolio by selling non-core Western Australian assets for shares, ending the quarter with $2.48 million in cash.
More about Flynn Gold Ltd.
Flynn Gold Ltd. is an Australian mineral exploration company focused on gold, silver, tungsten and base metals projects, primarily in Tasmania. Its portfolio includes the Golden Ridge, Henty, Firetower and Warrentinna projects, with an emerging strategy to position Golden Ridge as a potential processing hub for northeast Tasmania’s gold assets.
Average Trading Volume: 1,017,327
Technical Sentiment Signal: Buy
Current Market Cap: A$15.83M
See more insights into FG1 stock on TipRanks’ Stock Analysis page.