Finlay Minerals drills 76.57m @ 0.45% copper, 14.6g/t silver, and 0.14g/t gold  in the Gaul Zone on the Silver Hope Property

Finlay Minerals drills 76.57m @ 0.45% copper, 14.6g/t silver, and 0.14g/t gold in the Gaul Zone on the Silver Hope Property

Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to announce the results of its 1,968 metres (m), nine hole, oriented-core drill program completed in November, 2021 on its Silver Hope Property.  The Silver Hope property is located approximately 70 kilometres (km) southeast of Houston, BC and surrounds Newmont Corporation's former Equity Silver Mine.

Aimed at outlining shallow zones of open-pit copper-silver-gold (Cu-Ag-Au) mineralization, the program targeted Gaul, Superstition and Hope mineralized zones along with the Main Trend, which has the potential to host significant Cu-Ag-Au mineralization. The 2021 drill holes span a strike distance of over 1,750 m , within three distinct mineralized zones which are offset and truncated by cross-structures. Specifically, the Gaul Zone hosts significant copper with appreciable silver and gold grades that could be extracted by open pit methods. The Gaul Zone remains open along trend to the south, north, and at depth and has been drill tested for a strike length of 400m and a vertical depth of 100m . Within the Superstition and Hope Zones, the 2021 drilling intersected several narrower mineralized intervals.  However, historical drilling shows the potential for thicker mineralized intercepts at depth, suggesting that the northern zones may have formed higher up in the mineralizing system than in the Gaul. Potential remains to demonstrate continuity between the Superstition and Gaul Zones.

Highlights:

  • All nine holes intersected significant mineralization, however, three drill holes in the Gaul Zone of the Main Trend intersected shallow depth, Cu-Ag-Au mineralization, across appreciable widths, which correlates well with previous Finlay drilling. ( CLICK  HERE to view the drill hole location map of the 2021 and previous Finlay programs).

  • SH21-09 intersected 76.57m (from 80.23m ) grading 0.45% Cu, 14.6g/t Ag, and 0.14g/t Au (0.68% Copper Equivalent (CuEq* ), including 32.07m (from 123.00m ) grading 0.86% Cu, 26.1g/t Ag, and 0.21g/t Au (1.21% CuEq*) . ( CLICK HERE to view the cross section of SH21-09).

  • SH21-08 intersected 133.00m (from 32.00m ) grading 0.30% Cu, 7.6g/t Ag, and 0.03g/t Au (0.41% Cu Eq*) , including 57.23m (from 107.00m ) grading 0.51% Cu, 13.8g/t Ag, and 0.06g/t Au (0.71% CuEq*) .

  • SH21-07 intersected 121.99m (from 21.10m ) grading 0.23% Cu, 5.1g/t Ag, and 0.03g/t Au (0.30% CuEq*) , including 68.40m (from 21.10m ) grading 0.29% Cu, 6.6g/t Ag, and 0.03g/t Au (0.37% CuEq* ).

  • The Hope Zone drilling (3 holes) intersected multiple shallow high-grade Cu-Ag-Au intervals including SH21-01 which intersected 0.70m (from 90.00m ) grading 1.14% Cu, 626.0 g/t Ag and 0.09 g/t Au (6.51% CuEq*) .

  • The Superstition Zone drilling (3 holes) intersected multiple shallow high-grade Cu-Ag-Au intervals including SH21-04 which intersected 0.43m (from 88.17m ) grading 0.32% Cu, 62.8 g/t Ag and 0.21 g/t Au (1.03% CuEq*) .

  • Planning is currently underway for a 2022 drill program on the Equity East, Allin and Gaul Zones.

2021 Drill Results Table :

Hope Zone

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

CuEq
(%)

AgEq
(g/t)

SH12-01

61.50

64.00

2.50

0.03

22.8

0.26

0.00

0.05

0.47

59.4

and

90.00

90.70

0.70

0.09

626.0

1.14

1.18

0.19

6.51

814.8

and

105.00

110.00

5.00

0.05

75.1

0.27

0.09

0.05

0.93

117.0

including

105.00

107.00

2.00

0.03

124.0

0.42

0.06

0.08

1.47

184.1

SH21-02

28.00

35.50

7.50

0.02

4.5

0.14

0.00

0.01

0.19

23.3

and

144.00

144.71

0.71

0.40

14.6

0.00

0.04

0.00

0.37

46.8

SH21-03

81.50

84.00

2.50

0.17

2.1

0.63

0.00

0.00

0.74

93.3

and

98.00

98.70

0.70

0.39

3.1

0.71

0.09

0.49

1.14

142.9

and

106.00

108.00

2.00

0.24

6.0

0.09

0.24

0.22

0.39

49.3

and

127.00

130.55

3.55

0.21

6.6

0.07

0.03

0.19

0.31

39.2

including

129.70

130.55

0.85

0.12

20.1

0.14

0.10

0.77

0.64

79.6

and

204.00

226.40

22.40

0.08

5.5

0.16

0.02

0.10

0.29

36.4

including

206.00

208.00

2.00

0.20

14.4

0.40

0.01

0.05

0.66

82.7

and

270.00

283.00

13.00

0.04

12.8

0.18

0.01

0.04

0.33

41.0

including

275.00

276.00

1.00

0.23

75.3

1.47

0.06

0.03

2.23

279.4

including

277.05

278.29

1.24

0.04

27.4

0.04

0.03

0.28

0.37

47.0

Superstition Zone

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

CuEq
(%)

AgEq
(g/t)

SH21-04

83.00

84.92

1.92

0.16

17.0

0.16

0.03

0.09

0.43

53.4

and

88.17

88.60

0.43

0.21

62.8

0.32

0.25

0.08

1.03

129.1

and

106.50

107.74

1.24

0.04

24.6

0.21

0.09

0.25

0.53

66.9

and

183.20

183.60

0.40

0.41

5.9

0.01

0.25

0.43

0.50

62.1

SH21-05

16.00

18.00

2.00

0.26

2.8

0.22

0.08

1.15

0.78

97.2

and

62.29

64.00

1.71

0.02

0.9

0.39

0.00

0.00

0.41

51.4

and

119.18

127.00

7.82

0.28

31.5

0.25

0.07

0.10

0.72

89.8

and

165.33

167.00

1.67

0.04

27.2

0.32

0.03

0.51

0.73

90.8

and

193.00

195.00

2.00

0.19

9.0

0.07

0.08

3.23

1.27

159.5

and

205.00

206.00

1.00

0.50

40.3

0.22

0.30

0.27

1.00

124.7

SH21-06

6.20

40.00

33.80

0.02

2.1

0.19

0.00

0.03

0.22

28.1

including

6.20

7.53

1.33

0.05

5.1

0.28

0.02

0.44

0.48

60.7

including

8.36

10.00

1.64

0.03

7.9

0.41

0.01

0.03

0.50

62.1

including

26.00

28.00

2.00

0.03

4.3

0.42

0.00

0.00

0.48

59.8

and

59.00

60.00

1.00

0.02

9.0

0.28

0.01

0.03

0.37

46.6

and

98.98

100.32

1.34

0.13

27.5

0.54

0.02

0.05

0.86

107.5

and

110.00

112.00

2.00

0.02

30.5

0.34

0.06

0.08

0.63

79.4

and

131.57

133.00

1.43

0.22

6.4

0.07

0.06

0.55

0.44

54.7

Gaul Zone

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

CuEq
(%)

AgEq
(g/t)

SH21-07

21.10

143.09

121.99

0.03

5.1

0.23

0.01

0.03

0.30

37.6

including

21.10

89.50

68.40

0.03

6.6

0.29

0.01

0.02

0.37

46.2

including

23.18

24.00

0.82

0.60

180.0

1.35

0.48

0.06

3.27

409.2

including

30.74

32.13

1.39

0.08

12.0

1.76

0.00

0.03

1.91

239.7

including

52.50

53.26

0.76

0.07

19.4

2.46

0.00

0.01

2.66

333.3

including

70.88

89.50

18.62

0.02

8.5

0.34

0.02

0.02

0.44

54.6

including

70.88

71.40

0.52

0.05

86.3

1.90

0.06

0.08

2.66

332.8

including

83.56

84.00

0.44

0.02

60.9

3.75

0.00

0.02

4.26

532.9

including

114.00

143.09

29.09

0.04

3.7

0.21

0.01

0.04

0.28

35.2

SH21-08

32.00

165.00

133.00

0.03

7.6

0.30

0.02

0.08

0.41

51.0

including

40.00

42.00

2.00

0.03

22.8

1.18

0.02

0.07

1.40

175.5

including

51.50

52.50

1.00

0.02

32.9

1.45

0.02

0.07

1.74

218.4

including

54.00

56.00

2.00

0.02

15.2

0.54

0.02

0.05

0.69

86.6

including

92.00

94.00

2.00

0.11

20.4

0.47

0.00

0.00

0.71

88.5

including

107.00

164.23

57.23

0.06

13.8

0.51

0.03

0.16

0.71

89.1

including

129.00

164.23

35.23

0.08

18.0

0.69

0.05

0.19

0.95

119.4

including

160.14

164.23

4.09

0.32

56.8

1.62

0.23

1.01

2.63

328.8

SH21-09

76.00

76.50

0.50

0.20

3.7

0.02

0.09

2.24

0.88

110.1

and

80.23

156.80

76.57

0.14

14.6

0.45

0.03

0.05

0.68

84.6

including

80.23

87.00

6.77

0.42

31.2

0.70

0.08

0.09

1.25

156.7

including

81.85

83.08

1.23

1.88

74.5

1.27

0.25

0.33

3.16

396.0

including

84.28

85.30

1.02

0.20

66.7

1.20

0.16

0.01

1.89

236.7

including

123.00

155.07

32.07

0.21

26.1

0.86

0.05

0.01

1.21

151.5

including

135.00

136.20

1.20

0.25

37.2

1.79

0.03

0.01

2.24

281.1

including

142.99

152.85

9.86

0.47

58.7

1.94

0.10

0.01

2.72

340.9

including

144.71

145.25

0.54

0.16

131.0

7.11

0.03

0.02

8.27

1035.1

including

147.92

148.73

0.81

4.70

28.7

0.52

0.06

0.00

3.62

453.4

including

152.20

152.85

0.65

0.15

260.0

5.69

0.74

0.02

8.02

1004.5

Notes to 2021 Drill Results Table:

  1. The Metal prices used in the CuEq and AgEq calculations are as follows: Gold $1750 /oz, Silver $23.00 /oz, Copper $4.20 /lb, Lead $0.90 /lb and Zinc $1.30 /lb;

  2. The CuEq formula used for calculations is: CuEq % = (Cu % + (Au g/t * $56.2625 ) + (Ag g/t * $0.8038 ) + (Pb % * 19.8414) + (Zn % * $28.6598 ))/ 92.5923;

  3. The AgEq formula used for calculations is: AgEq g/t = (Ag g/t + (Au g/t * $56.2625 ) + (Cu % * $92.5932 ) + (Pb % * 19.8414) + (Zn % * 28.6598))/0.80375;

  4. True widths of the mineralized zones are approximately 80% of the reported intercepts;

  5. Recoveries are assumed to be 100% for the purposes of equivalent calculations.

Mineralization & Lithology:

Mineralization in the Silver Hope's Main Horizon is considered to represent a mesothermal vein deposit of the "Equity Silver" type, to which it lies along strike. Metals are hosted in various sulphide and sulphosalt minerals which occur as breccias structures, shear veins, and as fine fracture-fill and vein stockworks within volcanic and sedimentary stratigraphy of the Cretaceous Skeena Group. Mineralization occurs preferentially within fine-grained tuffaceous units, which appear to be more susceptible to fracturing. The tuffaceous beds dip roughly 25 – 30° to the west within the Gaul Zone but dip more steeply to northern Hope and Superstition Zones. High-grade mineralization is typically semi-massive sulphide brecciation (pyrite - chalcopyrite - tetrahedrite ± -galena ± -sphalerite) that often occurs at sheared margins of later feldspar porphyry and mafic dikes that dip moderately (50- – 70° degrees) to the north-northwest. Brecciation character ranges from sulphide infill of angular quartz vein fragments to strongly foliated internal brecciation of various sulphide phases. Veining and fractures increase closer to the dike contacts and in areas when dikes are closer to each other. Throughout the Main Horizon, veins are typically sulphide-dominant, though quartz ± carbonate – sulphide veins do occur. Veins and sulphide-filled fractures are typically mm- to cm-scale with the occasional massive sulphide veins sometimes with quartz up to 1.5 m wide.

To gain a better understanding of the Main Trend mineralization within the Gaul, Superstition and Hope Zones, select mineralized vein and fracture samples have been sent to Ultra Petrography and Geoscience Inc. for petrographic work. The petrographic work will help in understanding the mineralization present and characteristics which could aid in further exploration and metallurgical studies.

In addition, metallurgical studies on the existing drill core from the Gaul Zone using a test flotation circuit will be undertaken in order to gauge the recoveries of the Cu, Ag, Au, Pb and Zn mineralization in a Cu concentrate.  Understanding the preliminary metallurgical characteristics of the Gaul Zone will help the Company determine the path to advancement of the Silver Hope property.

QA and QC:

All drill core assay results have been monitored through a quality assurance / quality control (QA/QC) program.

The drill core was sawn in half at Finlay Mineral's on-site core logging and processing facility. Half the core was sampled and shipped in sealed and secure bags to the ALS Global laboratory in North Vancouver, BC . Drill core samples were crushed to 70% less than 2mm, rotary split off 250g, and pulverised split to better than 85% passing 75 microns. Drill core samples were analyzed for 33 elements by four acid digestion (HF-HNO3-HClO4 acid digestion, HCl leach) and ICP-AES on a 0.25 gram sample (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit silver assays > 100 ppm were re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit copper, lead and zinc were re-analyzed by four acid digestion and an ICP finish on a 0.4 gram 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 drill core sample stream accounting for 8% of the total samples in the 2021 drill core.

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 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 . The Company's properties are:

  • the Silver Hope Property 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 Mine (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold;


    Reference: https://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001   ).


    In 2020 and 2021 the Equity East and Allin Zones were defined by geochemistry and geophysics. The Silver Hope Property surrounds the former Equity Silver Mine;

  • the ATTY Property which is contiguous to the north side of the Kemess East deposit and adjacent to the Kemess Underground deposit of Centerra Gold Inc., and

  • the PIL Property, which is adjacent to Sable Resource's Baker Mine, has nine known mineralized zones including the recently discovered and expanded Pillar East gold-silver structural system. The Company is focused on the discovery of copper-gold-molybdenum porphyry systems on the PIL Property.

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 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.

Cision View original content: https://www.newswire.ca/en/releases/archive/January2022/20/c5335.html

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Leveraging Exceptional Assets and Technical Experience in British Columbia

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

JJB PROPERTY:

The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects. Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold Corp.'s Red Spring Project. Additionally, porphyry projects along the Bear Lake trend include Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake Project.

The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula and Quin showings are located near an Eocene intrusion on the west side, characterized by a coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and iron oxide signatures are associated with a multi-element geochemical anomaly identified through limited sampling. Mineralization appears to be influenced by major northwest-trending structures and east-west cross structures, with known mineralization occurring at the intersections of these structures.

In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic survey, along with prospecting and soil sampling.

Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

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 with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

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
President, CEO & Director

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 JJB and SAY 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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Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

JJB PROPERTY:

The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects. Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold Corp.'s Red Spring Project. Additionally, porphyry projects along the Bear Lake trend include Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake Project.

The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula and Quin showings are located near an Eocene intrusion on the west side, characterized by a coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and iron oxide signatures are associated with a multi-element geochemical anomaly identified through limited sampling. Mineralization appears to be influenced by major northwest-trending structures and east-west cross structures, with known mineralization occurring at the intersections of these structures.

In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic survey, along with prospecting and soil sampling.

Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

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 with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

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
President, CEO & Director

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 JJB and SAY 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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Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

JJB PROPERTY:

The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects. Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold Corp.'s Red Spring Project. Additionally, porphyry projects along the Bear Lake trend include Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake Project.

The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula and Quin showings are located near an Eocene intrusion on the west side, characterized by a coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and iron oxide signatures are associated with a multi-element geochemical anomaly identified through limited sampling. Mineralization appears to be influenced by major northwest-trending structures and east-west cross structures, with known mineralization occurring at the intersections of these structures.

In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic survey, along with prospecting and soil sampling.

Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

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 with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

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
President, CEO & Director

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 JJB and SAY 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.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/23/c5360.html

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Canadian Investment Regulatory Organization Trade Resumption - FYL

Canadian Investment Regulatory Organization Trade Resumption - FYL

Trading resumes in:

Company: finlay minerals ltd.

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Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") announces that the Company has entered into two definitive earn-in agreements (the " Earn-In Agreements ") with Freeport-McMoRan Mineral Properties Canada Inc. (" Freeport "), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the " Properties ") in the Toodoggone District of northern British Columbia .

Highlights –

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Abcourt Intersects a New Mineralized Zone in a Hole Grading 0.9 g/t Gold over 19 Metres on its Flordin Property

Mines Abcourt Inc. ("Abcourt" or the "Company") (TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property, located in the Lebel-sur-Quévillon area, Quebec. This new gold zone, which returned 0.9 gt gold over 19 metres, including 3.1 gt gold over 3.1 metres is located approximately 150 metres deep. The mineralization is included in a zone of alteration rich in albite (to be confirmed), sericite, carbonate and hematite, thus giving the rock the characteristic reddish-beige hue. Mineralization consists mainly of clusters of disseminated fine pyrite. It should be noted that the new gold-bearing zone is magnetic and is found within a large, altered zone, thus giving the rock a reddish-beige colour contrasting with the rather greenish mafic lavas. A petrographic study is currently underway to identify the mineralogy of the altered zone. This study is conducted by Ms. Lucie Mathieu, Ph.D. of GEOX Consulting Inc.

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Abcourt Intersects a New Mineralized Zone in a Hole Grading 0.9 g/t Gold over 19 Metres on its Flordin Property

Mines Abcourt Inc. ("Abcourt" or the "Company") (TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property, located in the Lebel-sur-Quévillon area, Quebec. This new gold zone, which returned 0.9 gt gold over 19 metres, including 3.1 gt gold over 3.1 metres is located approximately 150 metres deep. The mineralization is included in a zone of alteration rich in albite (to be confirmed), sericite, carbonate and hematite, thus giving the rock the characteristic reddish-beige hue. Mineralization consists mainly of clusters of disseminated fine pyrite. It should be noted that the new gold-bearing zone is magnetic and is found within a large, altered zone, thus giving the rock a reddish-beige colour contrasting with the rather greenish mafic lavas. A petrographic study is currently underway to identify the mineralogy of the altered zone. This study is conducted by Ms. Lucie Mathieu, Ph.D. of GEOX Consulting Inc.

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Abcourt Intersects a New Mineralized Zone in a Hole Grading 0.9 g/t Gold over 19 Metres on its Flordin Property

Mines Abcourt Inc. ("Abcourt" or the "Company") (TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property, located in the Lebel-sur-Quévillon area, Quebec. This new gold zone, which returned 0.9 gt gold over 19 metres, including 3.1 gt gold over 3.1 metres is located approximately 150 metres deep. The mineralization is included in a zone of alteration rich in albite (to be confirmed), sericite, carbonate and hematite, thus giving the rock the characteristic reddish-beige hue. Mineralization consists mainly of clusters of disseminated fine pyrite. It should be noted that the new gold-bearing zone is magnetic and is found within a large, altered zone, thus giving the rock a reddish-beige colour contrasting with the rather greenish mafic lavas. A petrographic study is currently underway to identify the mineralogy of the altered zone. This study is conducted by Ms. Lucie Mathieu, Ph.D. of GEOX Consulting Inc.

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North Stawell Minerals

High-grade Gold Intercept Confirmed at Darlington

North Stawell Minerals (ASX:NSM) is pleased to announce an update on the results of its recent diamond drill program. The North Stawell Project includes a 504 km2 contiguous package of ground that incorporates the gold-prospective corridor immediately north of Stawell Gold Mines’ operation at Stawell. A thin blanket of unmineralised sediments preserves potential for large, near-surface repeats of the multimillion-ounce ore deposit at Stawell. The current focus is on two priority targets, Wildwood and Darlington, which both have potential to be repeats of the multi-million-ounce mineralisation at Stawell.

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Gold bars and coins with an upward graph, symbolizing financial growth.

Juniors Gain Momentum as Gold Price Surges

As the gold price continues its upward trajectory, investors are turning their attention to junior exploration companies poised to capitalize on this bullish trend.

The gold price has reached unprecedented levels in 2025, with spot gold peaking at US$3,495.65 per ounce on April 22nd. This surge has been attributed to a combination of factors, including inflationary pressures, central bank demand and geopolitical tensions.

For junior exploration companies, these elevated prices present transformative opportunities, reshaping project viability and investor appeal.

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Gold coin stacks with up arrow.

Gold Price Hits New Record, Touching US$3,500 for First Time

The gold price reached yet another record high on Tuesday (April 22), hitting US$3,500 per ounce.

In trading on Monday (April 21), the precious metal surged past the US$3,400 mark; it then briefly touched US$3,500 early on Tuesday morning before settling in the US$3,425 to US$3,450 range.

Gold has been on the rise all year, with the latest boost coming after US Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago on April 16. In his remarks, he said he expects US President Donald Trump's tariff policy to negatively impact American economic growth and further fuel inflation in the country.

Gold's momentum was boosted in the following days as Trump made his own statements suggesting he is seeking ways to remove Powell as the head of the US central bank. However, the Fed operates at arm's length, and it would require an act of Congress to remove Powell from his post. Powell's term is set to expire in May 2026.

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