Flynn Gold Advances Firetower Polymetallic Project with New High-Grade Drill Results

New Drilling Confirms Polymetallic Potential at Firetower

Flynn Gold Limited (ASX:FG1) has bolstered its case for the Firetower Project as a polymetallic development opportunity, releasing further assay results from its 2026 diamond drilling program in northern Tasmania. The latest holes have intersected multiple zones of gold, tungsten, copper, and cobalt mineralisation, with standout intercepts such as 1.9 metres grading 2.02 grams per tonne (g/t) gold and 0.56% tungsten trioxide (WO3) from 167.3 metres downhole.

These results extend the known mineralised system, which now shows continuity over approximately 250 metres of strike length and more than 200 metres vertical depth. Notably, the mineralisation remains open both at depth and along strike, suggesting further upside potential as drilling continues.

Details of Key Drill Intercepts Highlight Polymetallic Zones

The drill hole 2019FTD015E, an extension of a historical hole, delivered three mineralised intervals including a high-grade 0.20m section carrying 13.5 g/t gold, 2.26% WO3, 4.37% copper, 0.74% cobalt, and 53.4 g/t silver from 242.35 metres. Other significant intercepts include 1.2m at 2.1 g/t gold and 0.53% copper, and broader zones of lower-grade mineralisation that contribute to the overall resource potential.

Another hole, FT-2026-001, drilled to test depth extensions, intersected three mineralised zones with grades up to 2.14 g/t gold and 2.64% WO3 over a 0.32m interval. These polymetallic grades reinforce the project's potential beyond gold alone, with tungsten and copper adding value.

Pending Assays and Planned Metallurgical Work

Flynn Gold has completed two additional drill holes, with assay results expected in September 2026. A portion of the drill core from these holes will be allocated for metallurgical testwork, a key step toward understanding the processing characteristics of the ore and supporting the forthcoming maiden Mineral Resource Estimate.

Managing Director Neil Marston emphasised the importance of these results in confirming the polymetallic nature of Firetower and the ongoing work to define its potential. He noted, "Once we have the final results from this phase of drilling, resource modelling and metallurgical testwork will commence as we assess the potential of Firetower as a polymetallic gold-tungsten development opportunity."

Firetower’s Geological Setting and Historical Context

Located within the Mt Read Volcanics province, one of Australia's premier volcanic-hosted mineral regions, Firetower has been explored since the 1970s. Flynn Gold’s recent drilling and reinterpretation of historical data have significantly improved understanding of the mineral system, which features broad mineralised envelopes with discrete high-grade zones.

Historical drill intercepts have reported impressive grades such as 3 metres at 17.2 g/t gold and 1.1% WO3 near surface, underscoring the project's polymetallic credentials. Flynn’s ongoing geophysical reviews and geological modelling aim to further delineate the system and support resource estimation efforts.

Next Steps Toward Resource Definition

With assay results pending and metallurgical testing underway, Flynn Gold plans to integrate these data into geological models to estimate a maiden Mineral Resource. The company is also reviewing historical geophysical surveys to identify further exploration targets within the broader Firetower area.

This drilling update follows Flynn’s recent extension of high-grade mineralisation at Firetower, which first highlighted the deeper polymetallic potential and copper credits adding new value to the project.