Flynn Gold Awarded $130,000 EDGI Grant to Advance Tasmanian Drilling Projects

Flynn Gold (ASX: FG1) is moving quickly to finalise a drilling contract after attracting government backing for the next stage of exploration at two of its prospective Tasmanian projects.

The company’s success in landing two applications in Round 11 of the Tasmanian government’s Exploration Drilling Grant Initiative (EDGI) will allow it to accelerate new work at the historical Mangana goldfield and the Henty South project.

The additional $130,000 in EDGI funding will support Flynn as it drill tests targets at the Grieves Siding zinc-lead-silver project within Henty South, and tests deeper potential at Mangana’s Golden Entrance mine.

Golden Entrance Mine Tests

Chief executive officer Neil Marston said the proposed program would use two diamond drill-holes totalling 400 metres to test the potential beneath the historical Golden Entrance mine at Mangana, the most southerly field in an approximately 80km long corridor from Lyndhurst to Mangana in the state’s north-east.

Historically, the Mangana Goldfield recorded approximately 6,700 ounces of gold production between 1852 and 1910, with Golden Entrance alone producing 2,939oz at 127 grams per tonne from shallow underground workings.

Flynn plans to drill two diamond holes, totalling around 400m at Golden Entrance to test for high-grade gold mineralisation beneath the historical workings, which has not been drill tested since Golden Entrance closed a century ago.

Grieves Siding Program

Flynn is planning to drill one 500m diamond hole at the Grieves Siding prospect, part of the Henty South project, where a five-hole diamond drill program in 2018 recorded significant mineralised intersections including 9.3m at 7.4% zinc, 0.9% lead, and 5.0g/t silver from 103.7m.

More recently, Flynn has reprocessed and remodelled existing ground gravity and induced polarisation (IP) survey data that has identified several stratabound gravity high features for follow-up exploration work, with the most promising a gravity anomaly located immediately north of Grieves Siding that Flynn will prioritise.

Flynn is now finalising regulatory and works approvals, drilling contracts, and the site works program ahead of mobilising equipment to the site.