Finlay Minerals receives Exploration Permit for its Silver Hope Property
Finlay Minerals receives Exploration Permit for
its Silver Hope Property
VANCOUVER, BC
,
Aug. 15, 2022
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) (OTCQB:
FYMNF) ("
Finlay
" or the "
Company
") is pleased to announce that it has received a five-year Multi
Year Area Based British Columbia Mines Act Permit (Mineral) which allows Finlay to commence the
2022 exploration drilling program on its Silver Hope Property ("the
Silver Hope
"). Field preparations
will begin within the next couple of weeks with drilling anticipated to follow in September.
The Silver Hope Property is located approximately 70 kilometres (km) south-east of
Houston, BC
and is accessible year-round by road. The Silver Hope is positioned within a highly prospective area
with producing and past-producing mines, as well as brown-fields exploration projects as
neighbours. Finlay is targeting both Equity Silver Mine type Silver (Ag) – Copper (Cu) – Gold (Au),
and porphyry Cu-Au-Molybdenum (Mo) mineralization in multiple target areas on the property.
(
Click
HERE
to view the drill target areas).
2022 Drilling Silver Hope:
The planned
2,000m
drill program will evaluate some of the high-priority, undrilled targets within the
Equity East and Allin Target Areas. The Equity East and Allin targets have combined multi-element
geochemical, and geophysical anomalies (airborne magnetic and ground induced polarization
surveys) strongly associated with the Goosly Intrusive Complex (GIC). 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 GIC.
Follow-up drilling in the Gaul Zone along the Main Trend will target down dip and south along strike
of the mineralized zone. The planned drill holes will follow up from historic drill holes: 88TG-26,
88TG-30 and 87TG-24 for which the Company is missing assay data, and which only has reported
intercepts.
Additionally, there is planned drilling to test along strike to the south of the Gaul Zone to follow-up
drill hole
SH21-09
which intersected
76.57m
(from
80.23m
) grading 0.45% Cu, 14.6g/t silver Ag,
and 0.14g/t Au
. (
Reference: Finlay NR01-22 dated
January 20, 2022
on SEDAR)
. The Gaul Zone
mineralization remains open to the south and down dip.
The Silver Hope is located on the traditional territory of the Wet'suwet'en First Nations. Finlay
Minerals is actively working to engage with the local communities in whose territories we operate in
accordance with our values and respect for Indigenous Nations.
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 in northern
British Columbia
.
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
, P. Eng.
President & CEO
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 Silver Hope
Property. 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.
View original content:
http://www.newswire.ca/en/releases/archive/August2022/15/c5657.html
%SEDAR: 00018019E
For further information:
Finlay Minerals Ltd., Ilona Lindsay, Vice President, Corporate Relations,
Tel: 604-684-3099, [email protected]
CO: Finlay Minerals Ltd.
CNW 08:30e 15-AUG-22