Flynn Gold Limited (ASX: FG1) has announced the first drilling results from its wholly-owned Firetower Project, northwest Tasmania.
The initial drilling results confirm coherent zones of high-grade polymetallic gold, cobalt, tungsten, and copper (Au-Co-W-Cu) mineralization at the project, with laboratory assays for most of the programme pending.
Managing director, and CEO, Neil Marston, stated, “Previous drilling at Firetower has been generally shallow and across a limited strike length, with very few holes extending beyond 150m from the surface. Several previous drill holes ended in mineralization. These early results demonstrate the depth continuity of mineralization and highlight the significant potential for high-grade mineralization to continue at depth and along strike.”
Highlights from drillhole 2019FTD007E include:
– 17.0m @2.31g/t Au, 0.16% Co, 0.38% WO3, 0.16% Cu from 121.0 -138.0m, including:
– 1.7m @6.64g/t Au, 0.12% Co, 0.87% WO3, 0.14% Cu from 121.0m, and
– 5.5m @3.27g/t Au, 0.24% Co, 0.53% WO3, 0.33% Cu from 132.5m
In addition, the company’s drilling permits are in place to extend additional shallow historic drill holes and test for depth and strike extensions to the high-grade polymetallic mineralized zone.
Once all assay results have been received, Flynn will advance the Firetower Project by updating the geological model and creating a resource block model to enable the future estimation of mineral resources and exploration targets.
Also, the company will conduct preliminary metallurgical testwork to establish potential processing solutions to extract the polymetallic minerals.
To find out more, please visit www.flynngold.com.au
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