01:54:22 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Finlay Minerals Ltd
Symbol FYL
Shares Issued 74,167,848
Close 2018-10-30 C$ 0.025
Market Cap C$ 1,854,196
Recent Sedar Documents

Finlay begins geophysical surveys at Silver Hope

2018-10-31 12:12 ET - News Release

Mr. Robert Brown reports

FINLAY COMMENCES DEEP-PENETRATING GROUND GEOPHYSICAL SURVEYS ON ITS SILVER HOPE PROPERTY

Finlay Minerals Ltd. has commenced deep-penetrating induced polarization (IP) and magnetotellurics (MT) geophysical surveys at its 100-per-cent-owned Silver Hope property in central British Columbia.

Since 2010, the drilling of geophysical anomalies at the Silver Hope has successfully led to the discovery of the West Horizon copper-molybdenum porphyry and to the deep-seated copper-silver-gold stockwork mineralization along the Main and Main Deep horizons. The new IP and MT work can potentially penetrate to a depth of 1.5 kilometres and be used in conjunction with previous IP, magnetics, gravity and airborne geophysical surveys and core drilling to provide more comprehensive data reinterpretation. Ultimately, this will allow for target definition and vectors for future drilling programs.

The current survey will complete coverage of the West, Main/Deep and East horizons.

Management is targeting deep-seated porphyry intrusions that are believed to be the source for copper-silver-gold occurrences found along a favourable geological trend (Main trend) that extends south from the former Equity silver mine deposits.

The company further reports the approval of a multiyear exploration permit for exploration work until 2024. The property was also granted tenure protection due to the wildfires and evacuation orders this summer and early fall.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base metal and precious metal deposits in Northern British Columbia. The company's properties include:

  • Silver Hope, which includes porphyry copper-molybdenum mineralization discovered in 2010, along with three silver-copper mineralized zones, in a contiguous trend with the mined-out deposits of the former Equity silver mines;
  • Atty, which is contiguous to the north side of the Kemess East deposit and adjacent to the Kemess underground deposit of Centerra Gold Inc. and was recently optioned to Serengeti Resources (see Finlay's news release dated March 5, 2018);
  • The PIL property, which is adjacent to Sable Resource's Baker mine.

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