Flynn Gold’s 2026 drilling at Firetower confirms high-grade polymetallic mineralisation extending at least 80 metres deeper than previous drilling, with copper grades adding new value potential.
- First 2026 drill hole extends mineralisation 80m deeper
- Significant intercepts include 9.64m at 2.49g/t Au and 0.52% Cu
- Copper grades highlight polymetallic opportunity
- Two additional drill holes completed, assays pending
- Drilling supports upcoming Mineral Resource estimate
Drill Results Reveal Deeper Polymetallic Potential
Flynn Gold Limited (ASX:FG1) has pushed the boundaries of its Firetower Project in northern Tasmania, reporting assay results from the first diamond drill hole of its 2026 campaign that extend high-grade gold-tungsten-copper mineralisation at least 80 metres below previous drilling. The extensional hole 2019FTD014E delivered a standout intercept of 9.64 metres grading 2.49g/t gold, 0.29% tungsten trioxide (WO3), and 0.52% copper starting at 200.13 metres downhole. Within this, higher-grade zones included 3.77 metres at 4.30g/t gold and 1.47 metres at 4.62g/t gold with 2.20% copper, underscoring the polymetallic nature of the system.
Copper Emerges as a New Value Driver
While Firetower has been known for its gold and tungsten mineralisation, the significant copper grades reported in this hole; up to 2.20% over 1.47 metres; introduce a fresh dimension to the project’s economics. Managing Director Neil Marston highlighted this as “an increasingly compelling polymetallic opportunity,” suggesting that copper could enhance the project's value proposition beyond the traditional gold-tungsten focus. This development may attract a broader investor interest given copper’s critical role in electrification and green technology.
Ongoing Drilling and Resource Growth Strategy
Flynn has completed three drill holes totaling approximately 520 metres of the planned 1,600-metre program, with assays pending for the two additional holes. The program combines extensional and in-fill drilling with metallurgical sampling aimed at underpinning a maiden Mineral Resource estimate. The latest results confirm continuity of the polymetallic system beyond 200 metres vertical depth and along strike, supporting the company’s geological model and resource expansion plans. The drilling strategy aligns with Flynn’s recent decision to ramp up activity at Firetower, following earlier announcements expanding the program to ten holes to accelerate resource definition.
Project Context and Historical Data Integration
Firetower sits within the Mt Read Volcanics, a prolific mineral province in Tasmania. Historical drilling and re-assays by Flynn since 2023 have consistently revealed broad polymetallic mineralised envelopes with discrete high-grade gold-tungsten zones. Notable past intercepts include 3 metres at 17.20g/t gold and 1.10% WO3 from near surface, reinforcing the prospect’s scale. Flynn’s current drilling builds on this foundation, refining geological interpretations and collecting samples for metallurgical testwork, essential for future resource classification and economic evaluation.
Next Steps and Market Implications
As assay results for the remaining drill holes are awaited, Flynn plans to continue drilling, advance metallurgical studies, and develop geological models leading to a maiden Mineral Resource Estimate. The inclusion of copper in the mineralisation profile adds complexity but also potential upside, requiring further analysis to gauge its impact on project economics. Investors will be watching how these developments translate into resource metrics and whether Firetower can emerge as a significant polymetallic asset amid growing demand for critical minerals.
Bottom Line?
Flynn Gold’s deeper and multi-metal assay results at Firetower enhance the project’s resource potential, but upcoming assays and metallurgical data will be crucial to define its economic scope.
Questions in the middle?
- How will the copper grades influence Firetower’s overall project economics and market appeal?
- What insights will metallurgical testing provide on recoveries and processing complexity for multi-metal mineralisation?
- Will the remaining drill results confirm continuity and support a robust maiden Mineral Resource Estimate?