Mr. Gregory Lytle reports
GOLD FINDER RESOURCES CORPORATE UPDATE
Gold Finder Resources Ltd., formerly GoldON Resources Ltd., is a gold explorer focused on the discovery potential of overlooked and underexplored properties. The company's current properties are in Northwestern Ontario, home to some of the world's most productive gold belts.
"We believe a new bull cycle for precious metals is under way, and Gold Finder is well positioned to benefit from renewed capital flows into the sector -- from producers to developers and explorers," said Greg Lytle, president of Gold Finder. "We are also pleased to confirm that we've received FINRA approval and are now trading in the United States under the symbol GLDFF."
Current projects include the West Madsen, Pipestone Bay, Pakwash North and McDonough properties, all located in the Red Lake mining district; and the Slate Falls property located in the Patricia mining district. All the company's properties are in good standing, and a summary of each project follows.
West Madsen property
Gold Finder owns a 100-per-cent interest in the West Madsen property, which was originally acquired from Great Bear Resources, and now covers 5,936 hectares in the heart of the Red Lake gold camp. West Madsen adjoins the Madsen mine property, owned by West Red Lake Gold Mines, which announced last month the anticipated restart of operations and production at the Madsen mine/mill complex is just a few months away.
Gold Finder has engaged Andrea Diakow, PGeo, former exploration manager at Great Bear, to oversee exploration studies and target development work at West Madsen.
Pipestone Bay property
The 100-per-cent-owned Pipestone Bay property hosts the drill-ready 991 Zone target, which may be controlled by an early east-west structure that is likely a second-order structure to the Pipestone Bay-St. Paul Bay Deformation zone. Located approximately 32 kilometres west of the town of Red Lake, the 1,015-hectare property boasts many key geological signatures that make the Red Lake greenstone belt such a prolific gold camp, including silicification, sericite, biotite and chlorite alteration, visible gold in quartz veins, D2 folding, and crustal-scale structures. The property adjoins the western end of WRLG's Rowan project, which hosts three past-producing gold mines.
Pakwash North property
Gold Finder holds a 40-per-cent interest in the 3,105-hectare Pakwash North property with BTU Metals having earned the remaining 60-per-cent interest in the property through a March, 2021, option agreement. Located approximately 36 kilometres southeast of Red Lake, the property adjoins the southeastern portion of BTU's Dixie Halo property that was optioned to Kinross Gold in February, 2023, and the northern boundary of Kinross's Bruce Lake property. BTU announced in February, 2025, that Kinross expects to commence approximately 8,000 metres of core drilling on the Dixie Halo property in May. If the Kinross drilling program results in a new discovery near the Pakwash North claim boundary, it could enhance the potential value of the property.
McDonough property
Located approximately 15 km north of the town of Red Lake, Gold Finder owns a 100-per-cent interest in the McDonough property. The 1,054-hectare property is contiguous with Evolution Mining's Slate Bay gold property and straddles a regional unconformity that is a key structural signature of many deposits within the Red Lake greenstone belt. A review of geochemical, geological and diamond drilling data has been initiated to understand why 2023 drilling failed to intersect any significant gold mineralization despite the geochemical and geophysical anomalies which were targeted and to assess any other potential targets of merit.
Slate Falls property
The 100-per-cent-owned Slate Falls property is located within the southwestern extension of the Meen-Dempster greenstone belt between the Red Lake and Pickle Lake gold camps. The 5,100-hectare property covers key regional-scale structures that correlate with numerous high-grade gold and silver showings identified over a 10-kilometre trend within the claim package. Previously reported work in 2019 and 2020, targeted east-west shear zones containing high-grade quartz veins, where grab samples returned values of up to 331.8 grams per tonne gold and 3,025 g/t silver, and follow-up drilling returned values of up to 78.5 g/t gold and 73.7 g/t silver over 0.24 metre.
Subsequent work on the property has included an airborne high-resolution magnetic survey and a structural study that incorporated the MAG survey data with all known lithological and mineralogical information and structural measurements. The resulting interpretation highlighted major east-northeast-trending shear zones and fold structures across the property.
Target development fieldwork in 2025 will include a return to the high-grade Trail and Sanderson zones and mapping and sampling of showings in the eastern part of the property, which Gold Finder has never visited, such as the FTM zone (historical grab samples up to 149 g/t gold and 169 g/t silver) and the Fry Lake No. 5 occurrence of 3.8 g/t gold and 0.083 per cent uranium oxide.
Coleman Robertson, PGeo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the company.
About Gold Finder Resources Ltd.
Gold Finder is a mineral exploration company focused on discovery-stage properties. Its goal is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition and development.
We seek Safe Harbor.
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