Flynn Gold (ASX: $FG1) Quarterly Activities Report 31 March 2024

Flynn Gold Limited (ASX: $FG1) is pleased to report on its activities for the quarter ending 31 March 2024. The company's cash position at the end of the quarter was $1.53 million. Flynn Gold is an Australian mineral exploration company with a portfolio of 100% owned exploration projects in Tasmania and Western Australia. The company has nine 100% owned tenements located in northeast Tasmania which are highly prospective for gold as well as tin/tungsten. Additionally, Flynn holds a binding Option Agreement to acquire two exploration licences at Parker Dome, Western Australia.

Exploration Activities and Promising Results

The quarterly report highlights Flynn Gold's exploration activities in Tasmania and Western Australia. The company's Golden Ridge Project in NE Tasmania has shown promising results with new prospect targets identified and significant mineralised intervals intersected at the Firetower Project in NW Tasmania. Furthermore, the soil sampling at the Parker Dome Project in WA outlined multiple large-scale lithium anomalies, indicating potential for future exploration and development.

Outlook and Financial Position

Flynn Gold's exploration activities have yielded positive results, especially at the Golden Ridge and Firetower projects. The identification of new prospect targets and significant mineralised intervals bodes well for the company's future prospects. The ongoing soil sampling and drilling programs demonstrate Flynn Gold's commitment to further exploration and potential resource expansion. With a cash position of $1.53 million and plans for a renounceable rights issue to raise up to $2.5 million, the company appears well-positioned to fund its operations and capitalize on the promising results of its exploration activities.