Finex Metals Reports Initial Drill Results from Ruoppa East Target, Finland
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FINEX METALS REPORTS INITIAL DRILL RESULTS FROM
RUOPPA EAST TARGET, FINLAND
Vancouver, British Columbia, November 25, 2025: FinEx Metals Ltd. (TSX-V: FINX) ("FinEx"
or the "Company") announces that it has received initial assay results for the first five drill holes
from the East Target of its 100%-owned Ruoppa gold project, located in the Central Lapland
Greenstone Belt of northern Finland. The Company completed its first diamond drill program at
Ruoppa, comprising fourteen drill holes totalling 2,483 metres, in August and September 2025.
Highlights:
The first five drill holes from the Ruoppa East target intersected multiple intervals of
orogenic quartz-carbonate veins, consistent with those mapped during surface sampling
and trenching:
Drill hole RUO25D001 returned the highest gold values, intersecting 9.85 metres
averaging 1.23 g/t gold, including 5.79 g/t gold over 0.95 metres;
Drilling has clarified the general vein geometries at Ruoppa East, with results
demonstrating the presence of mineralized veins in an interpreted south-dipping vein
swarm providing a clear vector for follow-up targeting; and,
The Ruoppa East target area represents an approximate 200-metre-long segment of a
larger 2.7-kilometre-long gold mineralized corridor. Assays for nine additional drill holes
are pending, including holes testing several distinct vein targets.
Tero Kosonen, President & CEO states, “We have received an initial batch of assay results which
offer early insights at Ruoppa East, although these results represent only approximately one third
of our maiden drill program and tested a small segment of the delineated gold corridor at Ruoppa.
The style of mineralized quartz-carbonate veining encountered thus far gives us confidence we
are in a gold-rich, structurally-controlled environment comparable to other orogenic vein-related
gold systems found within Finland and worldwide. We look forward to providing further updates
as additional assays are received.”
The Ruoppa gold project is located along the eastern branch of the same regional structural
corridor that controlled the emplacement of Agnico Eagle’s Kittilä gold mine and a number of
additional gold occurrences (Figure 1). The first five drill holes were drilled into the Ruoppa East
target area which represents a 200-metre-long segment of the 2.7-kilometre-long anomalous gold
zone delineated during earlier exploration work (FinEx news release July 21, 2025 and Figure 2).
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Figure 1: Location of the Ruoppa gold project. Map includes geological data from Geological Survey of
Finland and National Land Survey of Finland.
Ruoppa Geological Setting
Trenching had earlier confirmed that mineralization occurs along a tectonized contact zone
between a mafic volcano-sedimentary rock package and a granodiorite stock. The bedrock
exposed by trenching consists of strongly sheared and sericite-carbonate-altered granodiorite in
the south and variably carbonate-altered and silicified tholeiitic massive and pillowed metabasalts,
interlayered by tuffs and tuffites, in the north (Figure 2). Early alteration (chlorite+sulfides) has
been overprinted by ubiquitous potassic (biotite) and carbonate alteration associated with
emplacement of quartz-carbonate veins and associated gold mineralization. Gold values in quartz
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veins visually appear to be associated with sulphide mineralization, dominantly pyrite and
arsenopyrite. Pathfinder mineralogy will be confirmed by pending multi-element analysis and
petrography.
Previous analyses of rock grab samples collected from Ruoppa East trenches imply that gold is
closely associated with quartz +/-carbonate veins which generally trend towards the west-
northwest to east-southeast and are either subvertical or dip at a low angle towards the south-
southwest or towards the north-northeast, with these three orientations appearing consistently
across the target area. Quartz veins are generally observed to be crosscut by calcite veins,
suggesting that quartz vein formation and gold deposition precedes the formation of calcite veins.
Drilling
Drill holes were collared to intersect the mineralized quartz veins perpendicularly beneath the
trenches at approximately 50 to 260 metres vertical depths. Drill holes RUO25D001 and
RUO25D002 targeted the mineralization present in trench RUO24T003 from opposite directions.
Hole RUO25D003 was drilled beneath trench RUO24T002, while RUO25D009 and RUO25D010
targeted the thick quartz-carbonate veins identified in trench RUO25T006 (Figure 3).
Lithologically, all five drill holes intersected similar massive, pillowed or hyaloclastic mafic volcanic
rocks locally interbedded with mafic tuffs. Thin, fine-grained granitic intrusive dykes (aplites) are
common within the volcanic units. Quartz-carbonate veins are abundant, generally between 5 to
100 centimetres wide with the most intensively veined intervals associated with pervasive biotite
and carbonate alteration.
Figure 2: Location of the Ruoppa east target at the contact zone between Kittilä group mafic metavolcanic
rocks and the granodiorite with drill hole locations from the recently completed program.
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Hole ID EOH Dip Azimuth Northing Easting
Assay
Status
RUO25D001 100.7 -50 360 7548796 440798 Received
RUO25D002 196.8 -60 180 7548902 440759 Received
RUO25D003 193.9 -50 360 7548782 440711 Received
RUO25D004 250.9 -50 360 7548732 440661 Pending
RUO25D005 241.7 -50 360 7548693 440798 Pending
RUO25D006 28.6 -50 360 7548619 440713 Pending
RUO25D007 352.1 -50 360 7548620 440713 Pending
RUO25D008 220.6 -50 360 7548528 440620 Pending
RUO25D009 167.5 -45 200 7548927 440895 Received
RUO25D010 143.1 -60 200 7548928 440895 Received
RUO25D011 100.0 -50 220 7548848 440815 Pending
RUO25D012 185.4 -50 200 7548860 440630 Pending
RUO25D013 142.6 -60 180 7548880 440549 Pending
RUO25D014 160.8 -50 040 7548806 440379 Pending
Table 1: Ruoppa 2025 drill hole collar locations.
Figure 3: Location of Ruoppa drill hole collars (inset map) and the five holes for which assays have been
received and reported in this release (purple). A-A’ box represents the location of Figure 4 cross section.
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Analytical Results
Results for the first five Ruoppa East drill holes are shown in Table 2. Gold content in assayed
intervals closely corresponds with the volume and thickness of sulphide bearing quartz-carbonate
veins. Gold grades are systematically lower than surface grab samples from weathered bedrock
in previously reported sampling (FinEx Metals news release July 21, 2025). This is likely
attributed to dilution of gold grades by less mineralized wallrock between veins, which was not
fully captured in the rock grab samples taken from trenches.
Gold bearing quartz-carbonate veins were encountered in drill hole RUO25D001, with the best
intercept of 1.23 g/t gold over 9.85 metres from 41.05 metres depth. Quartz carbonate veins
intersect all other lithological units and are mostly subvertical trending east-west. In addition to
these, some veins in the high-grade gold intervals in RUO25D001 dip towards the south. Also,
vein observations deeper in RUO25D005 contain moderately to steeply south dipping quartz
carbonate veins, indicating that the mineralized vein set is dipping southwards at depth (Figure
4).
The granodiorite-mafic volcanics contact zone in hole RUO25D005 is strongly hydrothermally
altered (strong sericitization and Fe-carbonate alteration in granodiorite). Hole RUO25D005 was
drilled in proximity to junction of north-east and north-westtrending deformation features
interpreted from ground magnetic data.
Hole Number From To Metres Gold g/t
RUO25D001 41.05 50.90 9.85 1.23
including 0.95 5.79
RUO25D001 19.00 20.00 1.00 3.16
RUO25D001 31.75 32.65 0.90 1.31
RUO25D001 49.90 50.90 1.00 3.33
RUO25D001 78.00 79.00 1.00 1.18
RUO25D002 No significant results
RUO25D003 42.00 43.00 1.00 1.62
RUO25D003 59.75 60.80 1.05 1.74
RUO25D003 72.00 73.00 1.00 1.19
RUO25D009 18.50 19.50 1.00 1.65
RUO25D009 131.40 132.40 1.00 1.06
RUO25D010 18.50 19.50 1.00 1.32
RUO25D010 31.00 34.00 3.00 1.37
Table 2: Analytical results for drill holes referenced in the release with grade >1g/t gold.
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Figure 4: Geological cross section showing drill holes RUO25D001, RUO25D002, RUO25D005 and
RUO25D011.
Drilling of the Ruoppa target is still in its early stages. New petrological and structural data is
currently being collected from these first drill holes to better understand the structural controls of
the Ruoppa gold mineralization. Nine drill holes representing approximately two thirds of the
program are pending assays.
Analytical methods and QA/QC
Drill core coming from the rig at Ruoppa was first collected to the loading site near Ruoppa for
preliminary examination of the core. Core boxes were then loaded onto pallets and transported
by a contractor (Hettula Oy) to Palsatech core handling facilities at Sodankylä. Drill core was
logged by company geologists with standard methods and the data entered into a validated digital
database. After completing the geological logging and marking of the core intervals for analysis,
drill core was sawn in half lengthwise. Certified reference material standards and blanks were
inserted into the sample stream and sample batches were sent to CRS laboratories at Kempele,
Finland for pulp preparation.
At CRS Laboratories, dry samples were first crushed to 2 mm and split to a 900 gram sub-sample
using a rotary sample divider attached to the crusher. The resultant subsample was pulverized
to 85% passing 75 micron (CRS code PRP-929). Pulps were shipped by air to MSALABS in
Vancouver, Canada for analysis. At MSALABS, samples were analysed for gold by lead-collection
fire assay (MSALABS code FAS-121) using fusion of a 50 gram aliquot followed by an aqua regia
digestion of the gold containing bead with an AAS finish. Analysis for 48 additional elements
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(including pathfinders for gold) utilized ICP-MS/ES finish (ultratrace) after a 4-acid digestion of
0.25 gram aliquots of samples (MSALABS code IMS-230). Results for certified reference material
were generally within 95% of acceptable tolerance limits. Both CRS laboratories and MSALABS
are accredited according to international standards of SFS-EN ISO/IEC 17025 and ISO/IEC
17025:2017, respectively.
About the Ruoppa Project
The Company’s flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in
Finland, adjoining Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe, and
in proximity to the land position that hosts Rupert Resources’ recent Ikkari discovery. Previous
work by FinEx identified a series of gold targets that extend over approximately 2.7 km. For more
information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025,
as filed on SEDAR+ at www.sedarplus.ca.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio
of 100% owned, royalty free projects near existing mining operations in the Central Lapland
Greenstone Belt in Finland. For more information, please visit the Company’s website at
www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that
builds value through the incubation and financing of mineral projects and companies. Further
information about NewQuest can be found on the company website at
www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a “Qualified Person” (“QP”) as defined
in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not
independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
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