🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Flynn Gold identifies seven priority lithium anomalies at Mt Dove

Published 20/11/2023, 10:48 am
© Reuters.  Flynn Gold identifies seven priority lithium anomalies at Mt Dove
FMG
-

Flynn Gold Ltd (ASX:FG1) has defined lithium prospectivity at the Mt Dove Lithium-Gold Project in Western Australia, identifying seven priority zones of lithium anomalism confirmed with infill soil sampling.

The anomalies appear to be coherent bodies, stretching up to 3,100 metres in length within shallow sand-covered areas in the eastern section of the tenure.

At the highest priority lithium zone, Flynn has also identified outcropping pegmatites with high rubidium levels up to 0.14%.

"Exciting lithium potential"

“The Mt Dove infill soil sampling program has confirmed seven broad areas of lithium and associated pathfinder element anomalism, highlighting the exciting lithium potential of the project," Flynn Gold managing director and CEO Neil Marston said.

“Flynn has recently commenced an accelerated work program on its Mt Dove, Lake Johnston and Forrestania lithium projects in Western Australia.

“The projects are located close to world-class lithium deposits and some exciting new discoveries including the Tabba Tabba and Pippingarra projects in the Pilbara and the Burmeister, Jaegermeister and Mt Gordon prospects in the Lake Johnston region.

“The aim of our fieldwork has been to identify pegmatite bodies across our tenements from mapping, sampling and target generation for drill testing.

"We look forward to providing updates to shareholders on our exploration progress including the plans for our first drill program.”

Mt Dove also sits near several world-class mines, including the Pilgangoora (ore reserves of 4.75 million tonnes of lithium) and Wodgina (production capacity of 750,000 tonnes spodumene concentrate per year) lithium mines and Hemi gold deposit (mineral estimate of 9.5 million ounces gold).

Flynn intends to complete a first-pass aircore drilling program at Mt Dove once planning and permitting can be completed, targeting the high-priority lithium zones.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.