Connect with us

Hi, what are you looking for?

fortunateinvestments.comfortunateinvestments.com

Investing News

Soil Sampling Program Commences at Parker Dome Lithium Project

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to announce it has commenced a soil sampling program at the recently optioned Parker Dome lithium project in Western Australia1.

Highlights

Geochemical soil sampling for lithium has commenced at the recently optioned Parker Dome project, situated 50km north of the world class Mount Holland lithium project in Western AustraliaThe soil sampling program will initially focus on the Western and Eastern Pegmatite Trends defined by historic RAB drillingSeveral of the historic drill holes intersected and terminated in pegmatite and were not assayed for lithiumSoil sampling will represent the first systematic lithium exploration undertaken at the projectSampling program expected to be completed in December with assay results due in early Q1 2024 after which the company plans to drill-test potential anomalies

The licences are located in the Forrestania-Southern Cross greenstone belt 50km north of the Mount Holland lithium project and 20km north-east of the Rio lithium deposit held by Zenith Minerals Limited (see Fig. 1).

The program is designed to provide first-pass geochemical coverage over the Western and Eastern pegmatite trends (Figure 2), delivering the first systematic lithium and associated pathfinder assays for the project.

Managing Director and CEO of Flynn Gold, Neil Marston commented,

“We have moved rapidly to commence on-ground exploration at Parker Dome with an initial soil program targeting two main pegmatite trends outlined by historic drilling.

“Soil sampling has proven to be a very effective and rapid method to assess prospective ground for lithium anomalies in both the Forrestania and Lake Johnston Belts. We expect the survey will generate new targets for drill testing and will complement targets generated from historic exploration drilling.

“The exploration team has mobilised to Marvel Loch and sampling work has commenced on the ground. We look forward to providing shareholders with updates as work progresses and results are received.”

Soil Sampling Program

A program of approximately 700 soil samples is planned in the current phase of work. Sampling will focus on providing first-pass coverage over the Western and Eastern pegmatite trends (Figure 2). The sampling program should be completed over the next 2 weeks with assay results expected early in Q1 2024.

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Business News

Workers at Mack Trucks have gone on strike Monday after rejecting a proposed contract between the company and the United Auto Workers union. The...

Stock News

The month of August has come to an end, and that means a focus on long-term trends, using monthly Relative Rotation Graphs in combination...

Stock News

September’s strong labor market—336,000 jobs added—initially shocked investors. Treasury yields and the US Dollar Index ($USD) spiked higher, while equity futures dropped. But a...