Shares of Flynn Gold (ASX:FG1) experienced a significant increase, going up 9.6% at A$0.057, which sets course for the best performance day since August 4, provided that the gains are maintained.

The upsurge followed the announcement made by the mineral exploration company that drilling has commenced at its Warrentinna Project located in northeast Tasmania.

The company additionally shared that the drilling is being conducted in a largely untested corridor with a potential for near-surface gold resources.

However, despite the recent rise, the stock is down by 48% year-to-date, factored in as of the last closure.

Flynn Gold is a mineral exploration company with its drilling operations focused in northeast Tasmania.