Flynn Gold Limited (ASX: FG1) has provided an update on its 100% owned Forrestania and Lake Johnston lithium-gold projects in Western Australia.
In total six exploration licences have recently been granted covering an area of 320km2. These licences are located in the highly prospective Southern Cross province containing the Mt Holland lithium mine, the Mt Day pegmatite field, and multiple active exploration targets including the Gemcutter, Giant, and Medcalf pegmatites.
CEO, Neill Marston, commented, “Our Forrestania project is located approximately 10km 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.”
Additionally, Flynn has completed an initial reconnaissance field trip to the projects with the aim of increasing 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 a number of concealed exploration targets, based on interpretation of regional structures and remnant greenstone keels, below shallow cover. These combined activities have identified a number of targets for initial soil sampling and geological mapping programmes.
Mr. Marston continued, “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 programmes on these projects in the coming months.”
To find out more, please visit www.flynngold.com.au
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