Finlay Minerals completes the 2025 Exploration Programs on the PIL and ATTY Toodoggone Projects
Finlay Minerals completes the 2025
Exploration Programs on the PIL and ATTY
Toodoggone Projects
VANCOUVER, BC
,
Nov. 6, 2025
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) (OTCQB: FYMNF)
("Finlay" or the "Company")
is pleased to announce the completion of the 2025 exploration
programs at the PIL and ATTY Projects, located in the Toodoggone region of north-central
British
Columbia
. The exploration activities at both the PIL and ATTY Projects included geological and
alteration mapping, soil sampling, induced polarization (IP) surveys, and airborne magnetic surveys.
The primary objective of these exploration programs was to develop drill targets for 2026 while also
assessing other targets for subsequent fieldwork and geophysical surveys. Results are still being
received and will be released once they have been compiled and integrated into the existing data
sets.
Both programs were fully funded through Earn-In Agreements with Freeport-McMoRan Mineral
Properties Canada Inc. ("Freeport"). Under these agreements,
Freeport
can earn up to an 80%
interest in each property by investing a total of
$35 million
in exploration expenditures and making
cash payments of
$4.1 million
over six years, with Finlay acting as the operator for both projects and
earning an operator's fee
.
(1)
PIL & ATTY 2025 Exploration Work Completed:
PIL 2025 Program
:
ATTY 2025 Program
:
• 1,533 line-kilometres ("km") of airborne magnetics
• 543 line-km of airborne magnetics
• 381 rock samples collected
• 152 rock samples collected
• 1,494 soil and talus samples collected
• 647 soil and talus samples collected
• 46 line-km of IP
• 14 line-km of IP
The
PIL
project is located in the heart of the Toodoggone region and includes several porphyry
copper-gold ("Cu-Au") targets, along with associated epithermal gold-silver ("Au-Ag") mineralization.
To date, 18 porphyry Cu ± Mo ± Au and related low- and high-sulphidation epithermal Au-
Ag occurrences have been identified on the PIL Property. The property is adjacent to
Freeport
and
Amarc Resources' JOY Project, as well as TDG Gold Corporation's GSN (Shasta/Baker) and Sofia
Properties. It is also situated approximately 25 km northwest of Centerra Gold's former Kemess
South Mine and 15 km east of Thesis Gold's Lawyers-Ranch Project.
The
ATTY
property covers 3,875 hectares of sub-alpine terrain in the southern Toodoggone region,
an area known for significant porphyry Cu-Au and epithermal Au-Ag deposits. It is located between
Centerra Gold's Kemess Project and the JOY Project, held by
Freeport
and Amarc Resources. The
KEM target on the ATTY Property resembles the Kemess North Trend, which is home to the
Kemess Underground and Kemess East deposits. Exploration focused on the Wrich target, located
near the copper geochemical anomaly at the SWT target on the JOY Property. This anomaly
extends over 2 km and continues onto the ATTY for an additional 1.2 km to the southeast.
References:
1. Finlay news releases NR 03-25 dated April 17, 2025 entitled: "
Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties
" and NR 05-25 dated
May 2, 2025 and entitled: "
Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement.
"
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 through the
advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host Cu-Au
porphyry and Au-Ag epithermal targets within different porphyry districts of northern and central BC.
Each property is located in areas of recent development and porphyry discoveries with the
advantage of hosting the potential for new discoveries.
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
,
Executive Chairman of the Board
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 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,
and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein. 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,
President, CEO & Director, Tel: 604-684-3099, [email protected]
CO: Finlay Minerals Ltd.
CNW 08:00e 06-NOV-25