Flynn Gold Hits 13.5g/t Gold Core in Polymetallic System Open at Depth and Strike
Key Takeaways
- Drill hole 2019FTD015E returned 12.5m @ 0.55g/t Au, 0.11% WO₃, 0.09% Cu and 0.10% Co from 158.5m, with a high-grade core of 0.20m @ 13.5g/t Au, 2.26% WO₃, 4.37% Cu and 53.4g/t Ag at 242.35m depth.
- The Firetower polymetallic system now demonstrates continuity over approximately 250m strike length and 200m vertical depth, with both dimensions remaining open for further drilling.
- Assays from two additional holes — FT-2026-002 and 2019TFD003E — are expected in September 2026, providing a near-term catalyst ahead of geological modelling and a maiden Mineral Resource Estimate.
- Flynn Gold holds $1.12M cash and nil debt as of 30 June 2026, providing funded certainty for the immediate technical workstream including metallurgical testwork and geological modelling.
- A 6km mineralised trend has been identified across the broader Firetower project area, signalling material upside beyond the current drill focus at a $12.2M market capitalisation.
Flynn Gold has reported multiple zones of polymetallic gold-tungsten-copper-cobalt mineralisation from its 2026 diamond drilling programme at the 100%-owned Firetower Project in northern Tasmania. The standout hole, 2019FTD015E, delivered 12.5m @ 0.55g/t Au, 0.11% WO₃, 0.09% Cu, 0.10% Co from 158.5m, with mineralisation remaining open at depth and along strike. Assays are pending for two further holes, expected in September 2026. The company holds $1.12M in cash (30 June 2026) with nil debt, and trades at $0.019 per share with a market cap of $12.2M.
Standout results from drill hole 2019FTD015E
The extension drilling at 2019FTD015E intersected three distinct mineralised zones, each demonstrating the repeatability of broad envelopes hosting ultra-high-grade cores. That repeatability builds confidence in the geological model and supports the case for continuity across the system.
Key intercepts include:
- 1.9m @ 2.02g/t Au, 0.56% WO₃, 0.11% Cu, 0.12% Co from 167.3m (within the broader 12.5m zone)
- 1.20m @ 2.1g/t Au, 0.23% WO₃, 0.53% Cu, 0.10% Co from 194.8m
- 2.35m @ 1.46g/t Au, 0.21% WO₃, 0.55% Cu, 0.09% Co from 241.9m, including 0.20m @ 13.5g/t Au, 2.26% WO₃, 4.37% Cu, 0.74% Co and 53.4g/t Ag from 242.35m
The presence of discrete, exceptionally high-grade zones within broader intervals is a consistent feature across the drilling to date. The 13.5g/t Au intercept over 0.20m at depth demonstrates the system’s capacity to concentrate grade in narrow, high-value structures.
| Hole ID | Interval (m) | Gold (Au g/t) | Tungsten (WO₃ %) | Notable Co-metals |
|---|---|---|---|---|
| 2019FTD014E | 9.64m @ 200.13m | 2.49 | 0.29 | 0.52% Cu, 0.04% Co, 9.9g/t Ag |
| 2019FTD015E | 12.5m @ 158.5m | 0.55 | 0.11 | 0.09% Cu, 0.10% Co, 4.5g/t Ag |
| 2019FTD015E (high-grade core) | 0.20m @ 242.35m | 13.5 | 2.26 | 4.37% Cu, 0.74% Co, 53.4g/t Ag |
| FT-2026-001 | 1.35m @ 222.75m | 1.06 | 0.19 | 0.49% Cu, 0.19% Co, 7.0g/t Ag |
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A polymetallic system taking shape
The 2026 drilling confirms continuity of the Firetower system over significant vertical and strike extents. Hole 2019FTD014E intersected mineralisation approximately 83m down-dip of historical hole 2019FTD007E, extending the system to more than 200m vertical depth from surface. Hole FT-2026-001, drilled from the same pad to test depth extensions, intersected three separate mineralised zones.
The system now demonstrates continuity over approximately 250m strike length and up to 200m vertical depth, with both dimensions remaining open. That open geometry is material — it tells you the system has not been closed off, and further drilling has defined targets to pursue.
Neil Marston, Managing Director & CEO
“These latest assay results at Firetower confirm the presence of multiple zones of polymetallic mineralisation with three zones of gold, tungsten, copper and cobalt mineralisation intersected. The mineralised zones remain open along strike and at depth.”
Why gold-tungsten matters
Tungsten is a critical metal used in hard-wearing industrial applications — cutting tools, drilling equipment, defence components — and sits on government critical minerals lists globally. A polymetallic system carrying gold, tungsten, copper and cobalt means multiple potential revenue streams from a single drill target, rather than reliance on a single commodity price.
Firetower sits within the Mt Read Volcanics, one of Australia’s premier volcanic-hosted mineral provinces, which has produced several world-class deposits. For investors, the combination of a precious metal (gold) and critical metals (tungsten, cobalt) at a $12.2M market cap ahead of a maiden resource estimate is the exposure proposition — diversified commodity leverage at an early valuation entry point.
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The road to a maiden Mineral Resource Estimate
Flynn Gold has outlined a clear, sequenced pathway from current drilling through to a maiden Mineral Resource Estimate. The planned 2026 activities are:
- Review of historical geophysical surveys across the entire project area (currently underway)
- Metallurgical testwork (drill core being used to support this)
- Geological modelling leading to estimation of a maiden Mineral Resource Estimate
Assays for two further holes — FT-2026-002 and 2019TFD003E — are expected in September 2026, providing a near-term catalyst. A 6km mineralised trend has been identified across the broader project, signalling upside beyond the current drill focus.
The company’s balance sheet — $1.12M cash, nil debt — provides funding certainty for the immediate workstream. What this sequence delivers is defined milestones: assays in September, metallurgy results, then geological modelling and a maiden resource. Each step narrows the valuation uncertainty and gives the market verifiable progress to price in.
Ready to Learn More About Flynn Gold’s Firetower Project?
The Firetower drilling programme has confirmed a polymetallic system extending over 250m of strike and 200m vertical depth, with mineralisation open in both dimensions. Flynn Gold is advancing towards a maiden Mineral Resource Estimate with a clear technical pathway and funded balance sheet.
Assays from two additional holes are due in September 2026, with metallurgical testwork underway and geological modelling to follow—each step designed to de-risk the deposit and define its economic potential. For full project details, technical data and upcoming milestones, visit the Flynn Gold investor centre.