Flynn Gold has ramped up its diamond drilling program at the Firetower Gold-Tungsten Project in northern Tasmania, expanding from three to ten holes totalling 1,600 metres. The move aims to test high-grade extensions and support a maiden Mineral Resource Estimate amid critical mineral supply pressures.
- Firetower drilling expanded from 3 to 10 holes for 1,600m
- Focus on down-dip extensions of gold-tungsten-cobalt mineralisation
- Core samples to underpin planned metallurgical testwork
- Results to support maiden Mineral Resource Estimate
- Henty silver-lead-zinc drilling completed, assays pending
Expanded Drilling Targets High-Grade Extensions at Firetower
Flynn Gold Limited (ASX:FG1) has significantly increased its drilling commitment at the Firetower Gold-Tungsten Project in northern Tasmania, expanding its diamond drilling program from three holes to ten, covering approximately 1,600 metres. This accelerated program aims to probe down-dip extensions of previously identified high-grade gold-tungsten-cobalt mineralisation and collect fresh core for metallurgical testwork, a critical step towards delivering a maiden Mineral Resource Estimate.
The first hole, 2019FTD014E, is underway and targets mineralisation roughly 75 metres below a standout intercept in hole 2019FTD007E, which returned 17 metres at 2.31 g/t gold, 0.73% tungsten trioxide, and 0.16% cobalt from 121 metres depth. This intercept is among several high-grade zones identified by Flynn Gold since acquiring the project in 2023, confirming Firetower as a polymetallic hotspot that remains open at depth.
Strategic Importance of Tungsten and Cobalt Amid Supply Constraints
Firetower’s focus on tungsten and cobalt aligns with global shifts in critical mineral demand. Tungsten prices have surged to record highs in 2026 following Chinese export controls imposed in early 2025, tightening supply. Cobalt, essential for clean technology manufacturing, faces export quotas from the Democratic Republic of Congo that will last until at least 2027. Flynn Gold’s project, situated in a Tier-1 jurisdiction with strong ESG credentials, offers a potential alternative source of these metals alongside gold, broadening its economic and strategic appeal.
Complementary Progress at Henty Silver-Lead-Zinc Project
Meanwhile, Flynn Gold has wrapped up diamond drilling at its Henty Silver-Lead-Zinc Project on Tasmania’s west coast, completing six holes for 1,248 metres. Assay results are pending, but early indications from the Silver King prospect include exceptional grades such as 1 metre at 1,020 g/t silver and 15.2% lead. These results echo historical mine records and could add further value to Flynn’s Tasmanian portfolio.
Advancing Towards a Maiden Mineral Resource Estimate
Flynn Gold’s Managing Director Neil Marston emphasised the company’s intent to rapidly advance Firetower’s resource definition. The expanded drilling program, fully permitted and underway, is designed not only to test mineralisation continuity but also to generate data for metallurgical studies essential to resource modelling. This approach reflects a methodical push to transform Firetower from an advanced exploration stage project into a defined resource, potentially unlocking significant value.
Firetower sits within the Mt Read Volcanics belt, a prolific corridor hosting major base and precious metal deposits in northwest Tasmania. Since acquisition, Flynn has undertaken extensive desktop reviews, re-assaying, and limited drilling, confirming the presence of polymetallic mineralisation over a 250-metre strike length and to depths of 150 metres, with the system open at depth.
The company’s expanded drilling and metallurgical plans come amid a broader strategic pivot towards Tasmanian assets following the sale of non-core Western Australian projects earlier this year, sharpening focus on critical minerals and precious metals in a jurisdiction known for robust exploration credentials.
Bottom Line?
Flynn Gold's expanded Firetower drilling marks a decisive step towards defining a maiden resource amid surging critical mineral demand, but assay and metallurgical results will be key to validating the project’s potential.
Questions in the middle?
- Will the expanded drilling confirm significant down-dip extensions to increase Firetower’s resource size?
- How will metallurgical testwork influence the economic viability of the polymetallic mineralisation?
- What impact will pending assay results from Henty have on Flynn Gold’s overall project valuation?