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Flynn Gold Ltd. ( (AU:FG1) ) has provided an announcement.
Flynn Gold has commenced its first modern diamond drilling program at the Silver King prospect within its wholly owned Henty Silver-Lead-Zinc Project near Zeehan, Western Tasmania. The campaign marks the first drilling along the Silver King trend in about 80 years and will test down-plunge extensions of historically mined high-grade silver-lead-zinc mineralisation.
The initial proof-of-concept program comprises up to six diamond holes totalling 1,200 metres and is designed to determine whether the historically rich, structurally controlled ore shoots persist at depth. Positive results could underpin a modern geological model and potentially elevate the Henty Project’s status as a significant high-grade silver-lead-zinc district, reinforcing Flynn Gold’s exploration-led growth strategy.
The most recent analyst rating on (AU:FG1) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flynn Gold Ltd. stock, see the AU:FG1 Stock Forecast page.
More about Flynn Gold Ltd.
Flynn Gold Ltd. is an Australian mineral exploration company focused on precious and base metals, with a particular emphasis on silver-lead-zinc prospects in Tasmania. The company owns 100% of the Henty Project near the historic mining town of Zeehan in Western Tasmania, benefiting from established local mining infrastructure and services that support exploration and potential future development.
Average Trading Volume: 1,251,820
Technical Sentiment Signal: Sell
Current Market Cap: A$15.22M
See more insights into FG1 stock on TipRanks’ Stock Analysis page.