- Flynn Gold (FG1) obtains seven exploration licences that make up its Koolyanobbing gold-lithium project in the Yilgarn Craton of WA
- The new tenements have been granted for an initial exploration period of five years with Flynn having the option to extend for another five
- Exploration field work consisting of ground geophysics and mapping-sampling programs is planned to begin mid-2022
- Additionally, Flynn has made applications for a further seven tenements associated with the Forrestania and Lake Johnstone belts and four applications at its Mt Dove Project
- Flynn ends the day in the grey with shares trading at 16.5 cents
Flynn Gold (FG1) has been granted seven exploration licences that make up its Koolyanobbing gold-lithium project in the Yilgarn Craton of WA.
The Koolyanobbing Project lies 100 kilometres north of Southern Cross and comprises of seven granted tenements with two pending grant.
The new tenements have been granted for an initial exploration period of five years with Flynn having the option to extend for another five, subject to approval from the Department of Mines, Industry Regulation and Safety.
Exploration field work consisting of ground geophysics and mapping-sampling programs is planned to begin mid-2022.
Flynn hopes this work will define potential targets for follow-up rotary air blast (RAB) drilling.
Additionally, Flynn has applied for a further seven tenements targeting gold-lithium mineralisation associated with the Forrestania and Lake Johnston greenstone belts.
These two greenstone belts have become the focus of thorough lithium exploration following the discovery of the Mt Holland lithium deposit which has a resource of 189 million tonnes at 1.5 per cent lithium peroxide.
Flynn has also made a further four tenement applications at its Mt Dove Project where it already holds two granted licences and one pending grant.
Flynn has ended the day in the grey with shares trading at 16.5 cents in a $15.68 million market cap.