Well this is interesting ! and one could reasonably conclude a tad embarrassing for FG1 management
So a Canadian junior exploration company (with less cash than FG1) drills a prospect <15kms away as the crow flys from FG1's Golden Ridge prospect and starts drilling 27th April and has 1st assays returned and reported 29th June... so an all up 2 month turn around... Utilizing the same lab - ALS. ALS doesn't offer multi-element analysis in tassie (incl Sn) so TinOne drilled, geo processed and transported its samples to Brisbane and achieved a turn around time from commencement of drilling to reporting results within 8 weeks !
Flynn Gold told the market assays were delayed for their Brilliant prospect drilling samples (Golden Ridge project) by 3 to 4 months (which turned into 6,7,8,12 months for some of their samples without explanation). ALS Burnie who do their analysis were in fact renovating / expanding their fire assay capacity but it turns out from Flynns own JORC table qualifier (bottom of this post) they arn't even using the Burnie fire assay part of the analysis process ! ?? This is undeniable evidence that if a Tasmanian exploration company wanted a fast turn around time on sample analysis, it is entirely possible....
quite unbelievable what FG1 is /isn't doing here ! i wonder if they are wondering why after spending 35 - 40% of their funds, why the market isnt believing them and they have lost 50% of their valuation since IPO ?? oh, thats a bit unfair... they have made a "positive start"..
I would hope company executives are too busy to read HC but if Flynn Gold management do read this, can you please put in another " at the earliest opportunity" into your next announcement... would be a classic ! thanks !
nice first pass results for TinOne there in tassie btw !
From TinOne announcement 29th June 2022
Below is from Flynn Golds JORC table qualifier as announced 25th May 2022
