Finlay Minerals reports trenching results including 32.4 g/t silver, 0.34 % copper, 1.07 % lead, 2.98 % zinc, and 0.04 g/t gold over 11 metres on the ATTY
Finlay Minerals reports trenching results
including 32.4 g/t silver, 0.34 % copper, 1.07 %
lead, 2.98 % zinc, and 0.04 g/t gold over 11
metres on the ATTY
VANCOUVER, BC
,
Sept. 22, 2022
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) (OTCQB:
FYMNF) ("
Finlay
" or the "
Company
") is pleased to announce results from the 2022 exploration
program conducted on its ATTY Property ("
ATTY
") which included trenching at the Attycelley
Target, and mapping and rock sampling at the KEM Target
Highlights included Trench 2 on the Attycelley Target assaying 32.4 g/t silver ("Ag"), 0.34 % copper
("Cu"), 1.07 % lead ("Pb"), 2.98 % zinc ("Zn"), and 0.04 g/t gold ("Au") over 11 metres, ("m")
including 1 metre grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au.
Robert F. Brown
, President & CEO of Finlay Minerals states:
"
The 2022 ATTY exploration advanced the KEM porphyry and Attycelley epithermal vein targets to
drill-ready status. Favorable alteration, widespread mineralization and coincident geophysical
anomalies at both these adjacent occurrences suggests the presence of a significant mineralizing
system underlying the western portion of the ATTY Property. F
inlay is pleased with the results and
target sizes and will be planning further exploration for 2023."
Attycelley Target –
The Attycelley target is an east-northeast-trending, steeply south-dipping, low-sulphidation
epithermal vein system along a similar trending fault/shear. The structure exhibits intense oxidation
and clay alteration associated with meter-scale quartz-carbonate-galena-sphalerite-chalcopyrite-
pyrite veins.
The Attycelley target is east-northeast of the KEM target. (
Click
HERE
to view the
Zn Soil and
Rocks map for Attycelley and KEM
.) Mapping and sampling have demonstrated mineralization
over
500 m
in length striking to the east and dipping steeply to the south. Based on past and 2022
geological mapping, the Attycelley target coincides with a structure mapped for
2,200 m
along
strike, with potential for mineralization along its entire length. The structure appears to extend west-
southwest to the KEM target.
In 2022, mineralization along the shear zone was exposed and sampled in three (3) hand-dug
trenches, the extents of which were limited by overburden cover; mineralization in all three trenches
is open laterally.
Attycelley Trench Assay Results:
Trench ID
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
Trench 1
0
2
2
0.38
11.3
0.07
0.21
0.70
Trench 2
0
11
11
0.04
32.4
0.34
1.07
2.98
including
0
6
6
0.02
3.0
0.16
0.36
4.11
including
6
11
5
0.06
67.8
0.55
1.92
1.63
including
7
8
1
0.18
198.0
1.62
8.23
0.88
Trench 3
0
2
2
0.11
9.3
0.11
0.48
0.35
Trench 1 was sampled across
5 m
, and the first two (0-
2 m
) samples were mineralized within
sheared, chloritized, and oxidized volcanic rocks and averaged 11.3 g/t Ag, 0.07 % Cu, 0.21 % Pb,
0.70 % Zn, and 0.38 g/t Au. Mineralization in quartz-carbonate veins included malachite stains,
blebby chalcopyrite, and pods of galena.
Trench 2 was the western and longest trench. The trench was
11 m
long. Sampling was done on
1
m
intervals and included
1 m
(7-
8 m
) grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and
0.18 g/t Au, within
11 m
grading 32.4 g/t Ag, 0.34 % Cu, 1.07 % Pb, 2.98 % Zn, and 0.04 g/t Au.
Trench 3 was sampled across
2 m
of sheared, chloritized oxidized volcanic rock, with calcite-quartz
veining mineralized by pyrite, malachite, chalcopyrite, and blebby galena. The
2 m
interval averaged
9.3 g/t Ag, 0.11 % Cu, 0.48 % Pb, 0.35 % Zn, and 0.11 g/t Au.
Trenches 1 and 3 were sampled using a typical channel saw along the desired length with
1 m
continuous sample intervals. Trench 2 was channel sampled by chipping the heavily altered and
oxidized rock with a shovel and hammer and sampling composite
1 m
sample intervals.
KEM Target
–
The KEM target consists of a multi-oriented mineralized vein/breccia swarm underlain by a deep high
chargeability anomaly as indicated by induced polarization (IP) surveys. KEM is considered a
porphyry Cu-Au target due to its characteristic alteration and vein assemblages. The occurrence lies
1.8 km north of the Kemess North Trend which hosts Centerra Gold's Kemess Underground and
Kemess East porphyry deposits. The Kemess East deposit is truncated at its eastern margin by a
northwest-trending fault which extends onto the ATTY property and west of the KEM target area.
The 2022 exploration program expanded the extent of the known mineralization and further supports
the potential for a porphyry system at the KEM Target. Alteration mapping north of historic drilling
showed a gradational increase in the intensity of propylitic alteration northward, with exposures of
weak potassic alteration assemblages in the far north. Multiphase quartz-carbonate-chalcopyrite-
malachite-pyrite veins range in thickness from 5 cm –
2.0 m
, and trend subparallel to topography for
> 1 kilometre.
The 2022 KEM rock samples, of which there were 31 samples, consisted of mineralized veins,
breccias and altered country rock. Samples yielded up to 0.61 g/t Au, 49.5 g/t Ag, and 1.10 % Cu.
Average assay values for the rock samples were 0.11 g/t Au, 0.29 % Cu and 14.9 g/t Ag.
Selected Rock Sample Highlights from the KEM Target:
Sample Description
Sample
ID
Easting
Northing
Au
(g/t)
Cu
(%)
Ag
(g/t)
Composite 1 m chip sample over chloritized and
brecciated basalt with quartz and calcite matrix
F927467
637361
6329178
0.24
0.5
44.1
Quartz-carbonate oxidized vein with malachite
F927466
637368
6329182
0.09
1.08
36.7
Augite phyric basalt cut by quartz and calcite veining
and pervasively chlorite and epidote altered
F927482
637843
6328962
0.61
0.29
3.7
Crystalline epidote-hematite-quartz-chalcopyrite-
magnetite veins cross-cutting propylitic altered basalt
F927483
637838
6328958
0.47
0.24
1.4
Multiple parallel stages of quartz-chalcopyrite, quartz-
calcite-hematite-chalcopyrite and vein breccia
F927464
637388
6329240
0.04
0.85
49.5
Quartz-calcite-chalcopyrite matrix within a brecciated
propylitic altered augite phyric basalt
F927462
637430
6329243
0.07
0.64
31.2
Vuggy quartz breccia and parallel wide coxcomb
quartz-chalcopyrite vein
F927461
637413
6329227
0.01
0.74
33.5
Cross cutting oxidized quartz-chlorite-malachite vein
and oxidized quartz-calcite-chalcopyrite breccia vein
F927484
637803
6328973
0.32
0.23
18.3
These KEM rock samples are from outcrops and the field sampling was selective.
The 2022 ATTY program included a total of 71 rock, 18 channel/chip, and 162 soil samples.
Additionally, numerous mapping points, structural measurements, and alteration chips for spectral
analysis were collected. Further maps, details and photos from the 2022 ATTY exploration program
are available on the Finlay website at
www.finlayminerals.com
under the ATTY Property
Mineralization page.
The ATTY Property is located within the Toodoggone Mining District of northern British Columbia. It
is situated north of Centerra Gold Inc.'s former Kemess South Mine, the fully permitted Kemess
Underground Cu-Au porphyry deposit, and the Kemess East Cu-Au porphyry deposit, and to the
south of Amarc Resources' and Freeport McMoRan's joint venture Joy property hosting the Pine and
Mex Cu-Au porphyry targets.
Conclusions & Next Steps –
The KEM represents a Cu-Ag porphyry target and combined with the Attycelley low-sulphidation
epithermal vein target, both now have drill-ready targets for discovery. With the purchase of the
adjacent ATG Property, the ATTY also now includes the Wrich target which is south of the South
Takla target which hosts a large Cu-Au surface geochemical anomaly on the Joy Property. (
Click
HERE
to view the
complete ATTY Property Map
.)
The ATTY property contains intriguing targets with great potential for near-term discovery.
Sample Collection, Laboratory Procedures, and Quality Assurance / Quality
Control (QA/QC) –
All samples were shipped to ALS Global Laboratories for analysis. The rock and trench samples
were sampled, photographed and geological information was taken in the field. The samples were
placed in sample bags with a sample tag and securely sealed with zap straps and then placed in rice
bags that were sealed with security tags and then shipped to ALS Global Laboratories in
Kamloops,
BC
. Rock and trench samples were crushed to 70% less than 2 millimetres, rotary split off 250
grams ("g"), and pulverised split to better than 85% passing 75 microns. Samples were analyzed for
48 elements by four-acid digestion on a 0.25 g sample (method ME-MS61). Gold was analyzed by
fire assay using a 30 g sample with an AAS finish (method Au-AA23). Over limit silver assays
greater than 100 ppm were re-analyzed by fire assay using a gravimetric finish using a 30 g sample.
Assays for copper, lead and zinc that were greater than 10,000 ppm were re-analyzed by four-acid
digestion and an ICP finish using a 0.4 g sample for overlimit values.
Soil samples were placed within rice bags, securely sealed with security tags, and shipped to ALS
Global Laboratories in
Kamloops, BC
. The soil samples were dry screened to 180 micron (80 mesh)
and analyzed by Aqua Regia (AuME-TL43) using a 25 g sample.
In addition to the ALS Global Laboratory QA/QC protocols, Finlay Minerals implements an internal
QA/QC program that includes the insertion of duplicates, standards, and blanks into the sample
stream accounting for 4% of the total samples.
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) accept 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 ATTY 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, 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/September2022/22/c5709.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 08:00e 22-SEP-22