Flynn Gold Ltd (ASX:FG1) has identified three previously unmapped pegmatites during its reconnaissance exploration program at the newly granted lithium-gold projects in the renowned Forrestania and Lake Johnston belts in Western Australia.
The company’s exploration initiative covers a sprawling 320 square kilometres, under the domain of six newly granted exploration licences.
These projects reside in the lucrative Southern Cross Province, home to the world-class Mt Holland lithium mine and the Mt Day pegmatite field.
Moving forward, planning is underway for geological mapping, rock chip and soil sampling programs to cover high-priority targets.
“Growing potential”
Flynn CEO Neil Marston said: “Our Forrestania project is located approximately 10 kilometres east of the world-class Mt Holland lithium mine and our Lake Johnston licences are located close to the Mt Day pegmatite field, the Medcalf Lithium prospect and several other active lithium exploration targets.
“Following the grant of our exploration licences in early July the company has rapidly moved to commence lithium exploration at these new projects.
“An initial reconnaissance field trip to the projects has identified three previously unmapped pegmatites on E63/2190, further highlighting the potential of this district.
“It is exciting to identify new pegmatites so quickly from reconnaissance sampling at the Lake Johnston project.
“With these encouraging initial results, we are looking forward to planning and commencing systematic exploration programs on these projects in the coming months.”
"The initial reconnaissance mission was completed recently, with a successful identification of multiple pegmatite outcrops on exploration licence E63/2190.
“This discovery highlights the growing potential of Flynn's projects."
Exploration program
Flynn has completed an initial reconnaissance field trip to the projects to increase understanding of the regional geology, potential targets, and the extent of nearby exploration activity.
The company has also re-processed the available open file geophysical datasets, identifying several concealed exploration targets, based on interpretation of regional structures and remnant greenstone keels, below shallow cover.
The Forrestania and Lake Johnston lithium-gold projects offer substantial prospects for lithium deposits in spodumene-rich pegmatites, a crucial ingredient in the burgeoning lithium battery industry.
Forward program
Flynn’s future work programs for the Forrestania and Lake Johnston projects include further geological mapping and rock chip sampling in areas of outcrop and systematic soil sampling in areas of shallow cover.
The soil programs will be designed to cover targets derived from the interpretation of regional geophysical datasets, in particular over buried greenstone remnants and major regional structures.
Initial air core drilling programs will be considered pending the results of the early-stage assessment programs.
Further interpretation of multi-client aeromagnetic and gravity data will be undertaken to assist with the interpretation of the geology and the identification of additional target zones.
A detailed gravity survey may also be considered to assist with targeting and interpretation.
Flynn plans to kick off follow-up exploration on these projects, with initial soil sampling, geophysical modelling and geological mapping programs.
Exploration will also target a five-kilometre zone along strike, to the north and south of pegmatites delineated on E63/2190.
With the projects conveniently located near the Mt Holland lithium mine, one of the world's premier lithium sources, and the Mt Day pegmatite field, Flynn is optimistic about the potential for new lithium discoveries in the region.