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Flynn Gold Ltd. ( (AU:FG1) ) has shared an update.
Flynn Gold Ltd. has announced promising results from its maiden diamond drilling program at the Double Event Prospect within the Golden Ridge Project in Tasmania. The drilling has revealed high-grade gold intersections, with assays showing up to 35.1 grams of gold per tonne. These results confirm the presence of a significant sulphide-bearing quartz vein system, enhancing the potential for further exploration and development of the Golden Ridge gold system. The findings also suggest the possibility of multiple sub-parallel mineralised zones along a 9km corridor, indicating substantial exploration potential and reinforcing the company’s confidence in the project’s scale and continuity.
More about Flynn Gold Ltd.
Flynn Gold Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in the discovery and development of high-grade gold deposits, with a particular emphasis on its 100%-owned Golden Ridge Project in northeast Tasmania.
Average Trading Volume: 1,384,523
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.78M
For an in-depth examination of FG1 stock, go to TipRanks’ Overview page.