Flynn Gold's exploration achievements

Flynn Gold (ASX:FG1), an Australian mineral exploration company, has released its quarterly activities report for the period ending 30 September 2024. The company focused on its Golden Ridge Project in Northeast Tasmania, where it discovered significant gold mineralization at the Trafalgar North vein zone. Flynn Gold also identified a new in-situ gold vein system at the Grenadier Prospect.

Flynn Gold's exploration and financial strategy

Flynn Gold has made notable progress in its exploration activities, particularly at the Golden Ridge Project, where significant gold mineralization was discovered. The reduction in exploration landholding in Northeast Tasmania has helped lower costs, while the company has secured financial support through a $2 million equity agreement and a $140,000 government grant. Flynn Gold plans to continue expanding its exploration footprint in Tasmania and Western Australia, leveraging its financial strategies to support ongoing and future drilling activities.

Executive insights on Flynn Gold's progress

The intercepts of gold-bearing quartz veins at Trafalgar North and the discovery of a new gold vein system at the Grenadier Prospect highlight the potential of our exploration projects in Tasmania. Our strategic reduction of landholdings and securing of financial support through the At-The-Market Subscription Agreement and government grants position us well for continued exploration success.