Flynn Gold Limited (ASX: FG1) has been grantedthe seven tenements which make up its 100% owned Koolyanobbing Au-Li project in the prospective Yilgarn area of Western Australia.
The Koolyanobbing Au-Li project, owned 100% by Flynn, is located 100km north of Southern Cross in the Yilgarn Craton of WA and comprises seven granted tenements prospective for Au-Li mineralisation associated with the Marda-Diemals greenstone belt. Two additional tenement applications are pending grant.
At Koolyanobbing, the company is targeting Au-Li mineralisation associated with the Koolyanobbing and Mt. Dimer Shear zones, which are major crustal-scale structures along the granite-greenstone contacts up to five to 15km wide and extending up to 450km long
The Marda-Diemals greenstone belt, which is considered prospective for lithium pegmatites, intrusive-related gold systems (IRGS) as well as high-grade lodes includes known gold and iron deposits (including Marda Au and Windarling Fe). The belt is considered under-explored for Li by comparison with other greenstones in the Yilgarn and Pilbara cratons.
The new tenements are each granted for an initial exploration period of five years after which Flynn has the option to extend for another five years, subject to approval by the Department of Mines, Industry Regulation and Safety (DMIRS). Reconnaissance exploration field work, including ground geophysics and mapping-sampling programmes, is planned to commence mid-2022. The work is proposed to define potential targets for follow-up RAB or aircore drilling.
Forrestania Au-Li Applications, Yigarn WA
Flynn has made applications for an additional seven tenements targeting Au-Li mineralisation associated with both the Forrestania and Lake Johnston greenstone belts located southeast of Southern Cross in the Yilgarn Craton.
The two greenstone belts have become the focus of intense Li exploration due to the discovery of the world-class Mt. Holland lithium deposit (189 Mt @ 1.5% Li2O2) and the known Li occurrences at Mt. Day, Medcalf and Lake Percy.
Applications immediately east of Mt. Holland are targeting Au-Li mineralisation associated with greenstone-granite contacts that are interpreted to potentially extend further east than previously thought, and where pegmatites are interpreted to be more abundant. The ideal distance from a granite/greenstone contact is generally thought to be between 1-4km – aka the “Goldilocks Zone”3
Mt. Dove Au-Li Applications
Flynn has made a further four tenement applications at its Mt. Dove project in the Pilbara where it already holds two granted licences and another pending grant.
Flynn’s Pilbara Au- Li projects are located near the large new gold deposit at Hemi and near large lithium projects at Pilgangoora and Wodgina.
For further information please visit: https://flynngold.com.au/
