An update from Flynn Gold Ltd. ( (AU:FG1) ) is now available.
Flynn Gold Ltd. has initiated a Phase 4 diamond drilling program at its Golden Ridge Project in Tasmania, targeting significant extensions and new quartz vein systems, with assays pending. Additionally, the company has confirmed highly anomalous silver-lead-zinc mineralization at the Henty Project, planning to accelerate exploration activities. A successful $2.6 million share placement will fund these exploration efforts and support general working capital, enhancing the company’s operational capabilities and positioning in the mining sector.
More about Flynn Gold Ltd.
Flynn Gold Ltd. operates in the mining industry, focusing on exploration and development of gold and other mineral resources. The company is primarily engaged in projects located in Tasmania, Australia, with a market focus on expanding its mineral resource base through strategic exploration activities.
YTD Price Performance: -26.67%
Average Trading Volume: 569,331
Technical Sentiment Signal: Buy
Current Market Cap: A$8.61M
For detailed information about FG1 stock, go to TipRanks’ Stock Analysis page.