Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia
Finlay Minerals stakes the JJB Property -
within the Bear Lake Corridor of British
Columbia
VANCOUVER, BC
,
April 23, 2025
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) (OTCQB: FYMNF)
("Finlay" or the "Company")
is pleased to announce the staking of 9 mineral claims covering
15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of
British Columbia
.
The JJB Property is named in honour of Finlay's Founder,
John J. Barakso
, who was an early
advocate for the potential of the Bear Creek Corridor.
Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay
Minerals Ltd.)
JJB PROPERTY:
The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine
Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects.
Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold
Corp.'s Red Spring Project. Additionally, porphyry projects along the
Bear Lake
trend include
Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK
Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake
Project.
The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three
main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula
and Quin showings are located near an Eocene intrusion on the west side, characterized by a
coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron
oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and
iron oxide signatures are associated with a multi-element geochemical anomaly identified through
limited sampling. Mineralization appears to be influenced by major northwest-trending structures and
east-west cross structures, with known mineralization occurring at the intersections of these
structures.
In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the
gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic
survey, along with prospecting and soil sampling.
Details on the JJB Property can be found in the
JJB Property Technical Presentation
and in the
Properties section of the Company website at
www.finlayminerals.com
.
SAY PROPERTY:
Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has
recently been expanded with additional staking to the north and south. The SAY Property now totals
26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused
on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of
the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia
Zone.
The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the
north-northwest Tsaytut Spur ridge
*
.
The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL
mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry
dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high
*
. Historical
assays and airborne magnetic data indicate the potential for the expansion of known mineralization in
these two target areas.
In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and
SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.
Details on the SAY Property, can be found in the
SAY Property Technical Presentation
and in the
Properties section of the Company website at
www.finlayminerals.com
.
References:
*
Refer to Finlay Minerals Ltd. News Release # 11-24 dated October 3, 2024 entitled: "
Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-
Silver SAY Property
" available on SEDAR at www.sedarplus.ca.
Qualified Person:
Wade Barnes
, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as
defined by National Instrument 43-101, has approved the technical content of this news release.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with five
100%-owned and operated properties in northern
British Columbia
. In addition to the JJB & SAY
Properties, the Company holds the:
PIL Property
, which covers 13,374 ha in the heart of the Toodoggone region, has numerous
porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on
the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with
Freeport-McMoRan (Refer to news release
FYL NR03-25 entitled: "Finlay Minerals Enters into
Earn-In Agreements with
Freeport
for its PIL & ATTY Properties
".
)
The PIL is neighboured by
Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold
Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of
Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers
Project.
ATTY Property
covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region.
Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-
Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt
of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and
associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to
Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources
and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North
Trend, which hosts the Kemess Underground and Kemess East deposits.
Silver Hope Property
covers 21,322 ha and surrounds the past-producing Equity Silver Mine in
the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend
which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface. West of
the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface.
The Property hosts a network of forestry roads and trails and has all-year access from
Houston, BC
.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB.
For further information and details, please visit the Company's website at
www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown
President, CEO & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
This news release includes certain "forward-looking information"
and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of
applicable Canadian securities legislation. All statements in this news release that address events
or developments that we expect to occur in the future are forward-looking statements. Forward-
looking statements are statements that are not historical facts and are generally, although not
always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential",
"schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will", "would", "may", "could", "should" or
"might" occur. All such forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made. Forward-looking statements in this news
release include statements regarding, among others, the exploration plans for the JJB and SAY
Properties. Although Finlay believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those forward-looking
statements. Factors that could cause actual results to differ materially from those in forward-
looking statements include market prices, exploration successes, and continued availability of
capital and financing and general economic, market or business conditions. These forward-looking
statements are based on a number of assumptions including, among other things, assumptions
regarding general business and economic conditions, the timing and receipt of regulatory and
governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other
regulatory requirements in a timely manner, the availability of financing for Finlay's proposed
transactions and programs on reasonable terms, and the ability of third-party service providers to
deliver services in a timely manner. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Finlay does not assume any obligation to update
or revise its forward-looking statements, whether as a result of new information, future or
otherwise, except as required by applicable law.
SOURCE
Finlay Minerals Ltd.
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For further information:
For further information, contact: Finlay Minerals Ltd., Ilona Lindsay, Vice
President, Corporate Relations & Director, Tel: 604-684-3099, [email protected]
CO: Finlay Minerals Ltd.
CNW 07:00e 23-APR-25