Flynn Gold Ltd (ASX:FG1) has highlighted several large-scale lithium soil anomalies of up to 187 parts per million (ppm) lithium oxide at the Parker Dome Project.
FG1 recently optioned the project, which is prospective for lithium and gold and sits within the highly fertile Forrestania Belt in the south of Western Australia.
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The tenure is 50 kilometres to the north of the world-class Mount Holland lithium project, where operator Covalent Lithium intends to produce 50,000 tonnes of lithium hydroxide per year once the requisite plant is complete.
“Exciting lithium potential”
“We are very pleased with the results of the first soil program at Parker Dome, which delineated a series of strong kilometre-long lithium soil anomalies in areas not yet drill tested for lithium, highlighting the exciting lithium potential of the project,” Flynn Gold managing director and CEO Neil Marston said.
“The consistency and coherency of the lithium values within these large-scale anomalies is impressive.
“The coincident pathfinder elements like tantalum and caesium as well as the identification of logged pegmatite in historical drill holes make these areas compelling targets which have been cheaply delineated.”
This recent soil sampling program was designed as a first-pass geochemical coverage of the Western and Eastern pegmatite trends at Parker Dome, subsequently delivering the first systemic lithium and pathfinder assays for the project.
From here, Flynn intends to continue exploration at Parker Dome, specifically:
- Follow-up infill and extensional auger soil sampling;
- Completion of permitting activities to enable RC drilling, and
- Re-processing and interpretation of a 2018 SkyTEM survey.