Flynn Gold Uncovers High-Grade Gold, Cobalt, and Tungsten at Firetower Project

Flynn Gold (ASX: FG1) has used an examination of historical results to identify high-grade gold, cobalt, and tungsten at its Firetower project in northwest Tasmania.

Desktop studies have highlighted significant initial assays from re-sampling of historical drill core from Firetower, in a program to assess and advance the project’s critical mineral potential.

The initial core sample came from a hole Greatland Gold drilled during 2012, which Flynn saw as a potential “near-miss” hole due to incomplete assaying for cobalt.

Significant polymetallic hit

The first assays from a continuous interval between 170 metres and 240m returned a significant polymetallic intercept of 1.4m at 2.23 grams per tonne gold, 0.58% cobalt, 1.31% tungsten, and 0.07% copper from 221.1m.

The interval sits within a broader zone of 10.0m at 0.6g/t gold, 0.22% cobalt, 0.29% tungsten, and 0.08% copper from 216.0m.

This is a significant upgrade on historical assay results from the same interval of 10m at 0.37 g/t gold, 0.13% tungsten, and 0.08% copper from 216.0m—with no assay for cobalt.

Continued Mineralisation

Chief executive officer Neil Marston said the intercept represents an 80m continuation of the gold-cobalt-tungsten mineralisation Flynn previously announced.

“The re-assay of historical drill core has delivered a strong gold-cobalt-tungsten intercept that confirms the depth continuity of the known mineralisation at Firetower,” Mr Marsden said.

“Importantly, these results reinforce the polymetallic nature of the system, with the significant critical metals tungsten and cobalt observed with gold.”

Flynn began its program of re-assaying historical core for critical metals last month with four more holes untested for cobalt and tungsten re-sampled, results from which it expects to receive in the near future.

Polymetallic Potential

Firetower was the subject of historical exploration beginning in the 1970s that almost entirely focused on gold.

While previous explorers noted anomalous cobalt and tungsten, they did no follow-up work on them, due to the exploration models in place at the time.

The program Flynn completed in late 2023 identified polymetallic mineralisation at Firetower, which remains open and is currently defined over a strike length of 250m and to depths of 150m from surface.

Flynn has been undertaking an aggressive exploration program across a range of Tasmanian projects, and recently made successful gold discoveries at the Grenadier and Double Event prospects.