Flynn Gold kicks off soil sampling program at Parker Dome Lithium Project
Proactive Investors
Published Dec 15, 2023 10:44
Updated Dec 15, 2023 11:30
Flynn Gold kicks off soil sampling program at Parker Dome Lithium Project
Flynn Gold Ltd (ASX:FG1) has kicked off a geochemical soil sampling campaign targeting lithium at the recently optioned Parker Dome project, situated 50 kilometres north of the ‘world-class’ Mount Holland lithium project in Western Australia.
The soil sampling program will initially focus on the Western and Eastern Pegmatite Trends defined by historical rotary air blast (RAB) drilling.
Looking ahead, the program is expected to be completed in December, with assay results due in the early March quarter of 2023, after which the company plans to drill-test potential anomalies.
Targeting two main pegmatite trends
Flynn managing director and CEO Neil Marston said: “We have moved rapidly to commence on-ground exploration at Parker Dome with an initial soil program targeting two main pegmatite trends outlined by historical 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.”
Location of Soil Program areas and Pegmatite Targets on E77/1965 and E77/2091
Soil sampling program
A program of about 700 soil samples is planned in the current phase of work.
The sampling will primarily focus on providing first-pass coverage over the Western and Eastern pegmatite trends.
Several of the historic drill holes intersected and terminated in pegmatite and were not assayed for lithium.
Soil sampling will represent the first systematic lithium exploration undertaken at the project.
Forward plan
Moving forward, Flynn intends to continue exploration activities on the Parker Dome licences, which include:
- field reconnaissance, geological mapping and potential follow-up infill soil sampling;
- permitting activities with DMIRS to enable drilling;
- aircore/RC drilling of lithium pegmatite targets, and
- re-processing and interpretation of a 2018 SkyTEM survey.
Read more on Proactive Investors AU
Disclaimer
Get The App
Written By: Proactive Investors
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.