Flynn Gold (ASX:FG1) secures grant funding for exploration drilling

Flynn Gold Limited (ASX:FG1) has successfully secured two applications in Round 10 of the Tasmanian State Government's Exploration Drilling Grant Initiative (EDGI). The company will receive up to $140,000 to co-fund drilling under the Tasmanian Government's Exploration Drilling Grant Initiative (EDGI) to explore new zones of gold mineralization at its flagship Golden Ridge Project in north-east Tasmania.

Executive Commentary on Grant Funding

Neil Marston, Managing Director & CEO of Flynn Gold, expressed his delight at receiving strong support from the Tasmanian State Government through the grants. He highlighted that the grants, designed to uncover the next generation of mineral discoveries in Tasmania, will allow the company to fast-track the next phase of drilling at the Golden Ridge Project. Marston further explained that the grants will co-fund drilling beneath the historical Golden Ridge Adit and at the Link Zone, enabling the company to test for western extensions to the high-grade gold mineralization intersected in earlier drilling. He also mentioned that the company expects to commence drilling once grant documentation and drilling approvals are received.

Summary of Grant Funding and Future Prospects

Flynn Gold (ASX:FG1) has secured up to $140,000 in grant funding to co-fund exploration drilling at its Golden Ridge Project in Tasmania. The successful applications will support exploration drilling targeting new zones of gold mineralization, with preparatory activities already underway. The company expressed its delight at the strong support from the Tasmanian State Government and outlined the specific areas where the grants will be utilized. With the expectation to commence drilling upon receiving necessary approvals, Flynn Gold is poised to advance its exploration activities and potentially uncover new mineral discoveries in Tasmania.