Investing

Multiple Large Lithium Soil Anomalies Outlined at Parker Dome

Flynn Gold Limited (“FG1” or “Flynn Gold”) (ASX: FG1) is pleased to announce results from its soil sampling program at its recently optioned2 Parker Dome lithium-gold project, situated in the highly prospective Forrestania Belt in Western Australia.

Highlights

Soil sampling outlines multiple, large-scale lithium anomalies of up to 187ppm Li2O at the recently optioned Parker Dome projectLithium anomalies extend up to 2,300m length and 900m widthLithium-in-soil anomalies have corresponding and coincident anomalous values of caesium (Cs) and tantalum (Ta), considered key pathfinder elements for potential lithium mineralisationAnomalies overlie the Western and Eastern Pegmatite Trends defined by historic RAB drilling1 where historic drill holes contain logged pegmatite with no assays for lithium Planning underway for a first-pass RC drilling program to test targets

The licences are located 50km north of the world class Mount Holland lithium project and 20km north-east of the Rio lithium deposit held by Zenith Minerals Limited (ASX: ZNC)3 (see Figure 1).

The soil sampling program was designed to provide first-pass geochemical coverage over the Western and Eastern pegmatite trends, delivering the first systematic lithium and associated pathfinder assays for the project.

Managing Director and CEO, Neil Marston commented,

“We are very pleased with the results of the first soil program at Parker Dome, which delineated a series of strong kilometre-long lithium soil anomalies in areas not yet drill tested for lithium, highlighting the exciting lithium potential of the project.”

“The consistency and coherency of the lithium values within these large-scale anomalies is impressive. The coincident pathfinder elements like tantalum and caesium as well as the identification of logged pegmatite in historic drill holes make these areas compelling targets which have been cheaply delineated”.

Parker Dome Project – Soil Sampling Program

The results from an auger soil geochemistry program at the Parker Dome project have been received and have outlined six new, large-scale, high priority lithium anomalies4 with associated pathfinder geochemistry (Figures 2 – 10).

The soil program was designed to provide first-pass coverage over the Western and Eastern pegmatite trends. The pegmatite trends were outlined by historic, shallow RAB drilling which intersected multiple pegmatite intersections logged over a wide area5, with most holes ending in pegmatite up to 12m thick. The historic drill holes with pegmatite were not assayed for lithium. Flynn believes the soil sampling results announced in this release represent the first significant systematic exploration for lithium at the Parker Dome project.

The auger soil survey was completed on a spacing which varied between 200m x 100m and 400m x 100m, with a total of 679 soil samples collected. Samples were sieved to -80 mesh (180um) and assayed at SGS Australia Pty Ltd, for lithium and associated pathfinder elements by four-acid digest with an ICP-MS finish and gold by 30g fire assay (refer Appendix 1 for further details). The auger soil program has outlined six, large, coherent lithium anomalies with coincident and zoned pathfinder element support (Figures 2 – 10). Three targets (Targets 3, 5 and 6) require further follow-up infill and extensional auger soil sampling. The six targets present as compelling, high order drill targets.

Click here for the full ASX Release

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