Soil sampling programs have enabled Flynn Gold Ltd (ASX:FG1) to identify multiple large-scale high-priority lithium targets at its Forrestania and Parker Dome lithium-gold projects in the highly prospective Forrestania Belt in Western Australia.
Maiden soil sampling at the Forrestania Project, which is not far from the world-class Mt Holland Lithium Mine, outlined four high-priority lithium anomalies of up to 4,200 metres long and 500 metres wide.
Meanwhile, results from infill and extensional soil sampling at the Parker Dome Project confirm and extend multiple, large-scale, high-priority lithium anomalies.
Results from Forrestania and Parker Dome include multiple lithium anomalies with signatures of more than 100 parts per million lithium oxide and supported by key pathfinder elements.
The auger soil sampling was designed to delineate new lithium-caesium-tantalum (LCT) anomalies at the Forrestania Project and to infill and extend lithium soil anomalies previously outlined at Parker Dome.
Joint venture potential to be explored
Flynn Gold managing director and CEO Neil Marston said, “The company is excited by our latest soil sampling program which has identified four, new lithium anomalies at our Forrestania Project, located just a few kilometres southeast of the recently commissioned world-class Mt Holland lithium mine and concentrator.
“These results continue to improve the potential of Flynn’s portfolio of lithium-gold projects in Western Australia.
"With our focus on the company’s gold and critical mineral assets in Tasmania, we will actively assess corporate and potential joint venture opportunities for these lithium assets.”
Flynn Gold’s licences are near Covalent Lithium’s Mount Holland lithium project, a 50:50 joint venture partnership between Wesfarmers (ASX:WES) and Sociedad Química y Minera de Chile (SQM), and Zenith Minerals’ Rio lithium deposit.
Flynn’s Parker Dome and Forrestania projects.
Forrestania soil sampling
Results from the maiden auger soil geochemistry program at the Forrestania Project have been received, outlining four new, large-scale, high-priority lithium anomalies, all with associated elevated pathfinder anomalism.
Flynn Gold says these targets present as “exciting new lithium anomalies requiring further follow-up evaluation”.
The program was completed on exploration licence E77/2915, which is 15 kilometres south-southeast of the Mount Holland Lithium Project and 60 kilometres south-southeast of the Rio lithium deposit held by Zenith Minerals.
Parker Dome soil sampling
Results from infill and extensional auger soil sampling at the Parker Dome Project have also been received, confirming the six large-scale, high-priority lithium anomalies six previously outlined, all with associated elevated pathfinder anomalism.
The program has provided a better definition of the strike and extent of these anomalies. The results have extended several of the anomalies and identified three new targets along one new exploration auger line, also requiring additional follow-up auger soil sampling.
Looking ahead
Flynn Gold found the auger soil sampling technique to be highly efficient and effective at delineating large-scale, high-priority lithium anomalies across its lithium-gold portfolio in Western Australia, particularly while its primary exploration focus has been on its gold exploration properties in northeast Tasmania.
To build upon its early successes and further enhance the prospectivity of the lithium targets, the company has planned a low-cost, high-impact follow-up exploration approach. This will also maximise the company’s options for ongoing funding of the projects.
Proposed ongoing exploration activities on the Forrestania and Parker Dome licences, include:
- Infill and extensional auger soil sampling;
- Reconnaissance geological mapping;
- RC drilling of lithium pegmatite targets at the Parker Dome Project;
- Re-processing/interpretation of a 2018 SkyTEM survey at the Parker Dome Project, and
- Permitting activities to enable drilling at the Forrestania Project.
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