Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector
Flynn Gold Limited (ASX: FG1), an Australian-based mineral explorer, is ramping up its exploration activities at the Golden Ridge Project located in northeastern Tasmania. The company has identified new high-grade gold targets at the Double Event prospect, with rock chip assays reaching up to 44.5g/t Au, confirming it as a priority for trench testing. At the Grenadier Prospect, trenching revealed a significant quartz-sulphide vein system spanning 300 meters, with drill testing planned. Soil sampling has expanded the gold anomaly at Grenadier, further validating its potential. Flynn is also advancing Phase 4 drilling at the Trafalgar Prospect, targeting high-grade gold veins under historic mine workings, with notable early results including 4.0m @ 23.7g/t Au. Over the coming months, Flynn aims to broaden exploration through drilling, trenching, and geochemical surveys. Its ultimate goal is to validate Golden Ridge’s potential as a large-scale gold discovery
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
