Finlay Minerals announces 2022 exploration plans on all its projects
Finlay Minerals announces 2022 exploration
plans on all its projects
VANCOUVER
, BC
,
June 9, 2022
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) ("
Finlay
" or the
"
Company
") is pleased to announce its exploration plans for all three of its projects: the Silver Hope,
the PIL, and the ATTY for the summer of 2022.
2022 Exploration Plans:
Silver Hope
: Finlay will conduct a 2,000 metre (m) drill program with seven to nine drill holes
planned for the Equity East, Allin, and Gaul Zones (MAIN Trend), in addition to in-fill Induced
Polarization (IP) surveys on the Equity East and Allin Zones.
PIL
: ATAC Resources Ltd. ("ATAC") has an option to purchase 70% of the PIL project. ATAC's
2022 exploration plans will focus on the Copper Ridge target with detailed geological and
alteration studies, and IP geophysics to develop drill targets. A drilling permit application was
submitted in the spring of 2022 by ATAC and is being processed for the PIL.
ATTY
: Finlay will conduct a mapping and sampling program on its silver (Ag)-lead (Pb)-zinc
(Zn)-copper (Cu)-gold (Au) Attycelley target.
Robert F. Brown
, President & CEO of Finlay Minerals states:
"
The necessary funding by Finlay is in place for the Silver Hope and ATTY exploration programs,
and our partner, ATAC, is funding the PIL program. All three programs have high impact
exploration potential. At Silver Hope, drilling is targeting both Equity Silver type Cu-Au-Ag and
porphyry Cu-Mo type mineralized targets. At PIL, ATAC is focusing on a porphyry Cu-Au-Mo targe;
while at ATTY, Finlay is better defining potential porphyry Cu-Au and associated vein Au-Ag
targets. Management is looking forward to the commencement of all these work programs
."
2022 Silver Hope:
The planned
2,000m
drill program will evaluate some of the high-priority, undrilled targets within the
Equity East and Allin Zones. The Equity East and Allin targets are combined geochemical, and
geophysical anomalies strongly associated with the Goosly Intrusive Complex (GIC). (
CLICK HERE
to view the
Silver Hope Property with the Equity East and Allin Zones and the Main Trend's
Gaul Zone
).
The former Equity Silver open-pit and underground mine is located on the western edge of the
magnetic high anomaly which is interpreted as the GIS (Goosly Intrusive Suite). The exploration
permit is currently being reviewed by the Ministry of Mines & Energy and Low Carbon Innovation and
exploration work will begin once the permit is received.
Follow-up drilling in the Gaul Zone along the Main Trend will target down dip of the mineralized zone
to twin some 1987 drill holes that were drilled prior to Finlay's ownership and for which the Company
is missing assay data. The Company will also test south of
SH21-09
which intersected
76.57m
(from
80.23m
) grading 0.45% Cu, 14.6g/t Ag, and 0.14g/t Au
and which continues to be open to
the south and down dip.
2022 PIL:
ATAC's 2022 exploration plans will focus on the Copper Ridge target which hosts a
1,300m
x
750m
Cu – Au – molybdenum (Mo) surface geochemical anomaly (
CLICK HERE
to view the
Cu in soils
PIL map showing the target areas
).
The exploration program will focus on detailed geological and alteration studies, in addition to IP
geophysics to develop drill targets. Permitting for future drilling has been submitted to the Ministry of
Mines & Energy and Low Carbon Innovation. Follow-up mapping and sampling is also planned at the
Copper Cliff
target which hosts a
25m
continuous talus sample that assayed 1.04% Cu. Other
targets will be investigated depending on time and budget.
2022 ATTY:
Finlay's 2022 exploration plans will focus on the Attycelley vein Ag-Cu-Pb-Zn-Au target within a
1.2km x 1.3km Cu surface geochemical anomaly. (
CLICK HERE
to view to
ATTY Map with the
target areas
.)
The exploration program will include geological and alteration mapping and sampling to outline the
extent of the Attycelley veins and their relation to the large surrounding soil anomaly, and high
chargeability IP anomaly. The Attycelley hosts several high-grade samples with values as high as
240.6g/t Ag, 9.1% Pb, 5.5% Zn, 1.8% Cu and 0.66g/t Au
.
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 TSX Venture Exchange company focused on exploration for base and precious metal
deposits in northern British Columbia.
Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange. 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
, P. Eng.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) 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 Silver Hope, PIL
and ATTY 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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http://www.newswire.ca/en/releases/archive/June2022/09/c3649.html
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For further information:
Finlay Minerals Ltd., Robert Brown, President & CEO, Tel: 604-684-3099,
CO: Finlay Minerals Ltd.
CNW 08:30e 09-JUN-22