Resource News

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: http://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: http://www.newswire.ca/en/releases/archive/January2022/20/c5335.html

News Provided by Canada Newswire via QuoteMedia

FYL:CA
Finlay Minerals

Finlay Minerals

Overview

Finlay Minerals (TSXV:FYL) is an exploration and development company focused on identifying and delineating economic precious and base metals projects in the province of British Columbia. The PIL-Gold, Silver Hope and ATTY properties are all located in northern British Columbia and benefit from the region’s stable government and mining-friendly policies.

Finlay Minerals has explored the PIL property for nearly two decades, revealing nine distinct zones of mineralization on the property. Thanks to recent advancements in exploration technology and expertise, the company believes there is potential to access deep porphyry systems at PIL at depths beyond 1,000 meters below the surface. Finlay Minerals intends to pursue further exploration including a property-wide airborne magnetic survey, detailed geology/alteration/structural mapping, along with rock and soil sampling, to vector into the best copper-gold porphyry targets.

Finlay Mineral’s ATTY property is located in the Toodoggone River area of the Stikine Terrane in north-central British Columbia. The property comprises 3,393 ha located immediately north of the Kemess East and Kemess Underground deposits and six kilometres north of the Kemess South Mine and Mill of Centerra Gold. The Kemess Underground Deposit is currently under construction.

Finlay Mineral’s Silver Hope project is located in central British Columbia. The project claims surround the former Equity Silver Mine, which produced 33.8 million tonnes averaging 0.4 percent copper, 64.9 g/t silver and 0.46 g/t gold between 1981 and 1994. 2020 exploration work has included a property-wide airborne magnetic survey, expanded soil and till geochemistry, and compilation of past geological, geophysical, and geochemical data to define targets similar to the Equity Silver Mine.

Finlay Minerals boasts an experienced management team with a lengthy history of exploration and discovery in British Columbia. Leveraging this experience and technical excellence, Finlay Minerals prefers to target large-scale copper porphyry deposits with the belief that these mineralized systems have the potential to host district-scale resources.

Company Highlights

  • Developing a portfolio of copper porphyry and epithermal gold resources in British Columbia
  • Management team has significant experience in resources exploration and development, specifically in British Columbia
  • British Columbia has long been recognized as a reliable mining jurisdiction with a safe and supportive government
  • PIL project is comprised of 13,967 hectares in the Toodoggone River area made up of 39 mineral claims
  • Silver Hope project comprises 38 mineral tenures totaling 14,165 hectares in central British Columbia
  • Silver Hope claims surround the former Equity Silver Mine, which produced 33.8 million tonnes averaging 0.4 percent copper, 64.9 g/t silver and 0.46 g/t gold
  • Management and insiders hold approximately 65 percent of Finlay Minerals

Key Projects

Finlay Mineral’s PIL Project

Finlay Mineral’s flagship PIL project comprises 13,967 hectares located in north-central British Columbia, east of the former Baker silver-gold mine and 35 km northwest of the former Kemess copper-gold open-pit mine. The PIL property is within the Toodoggone mining district, a mineral-rich belt that hosts numerous porphyry copper-gold and epithermal gold-silver deposits.

Finlay Minerals has been exploring the property for over 18 years, making a number of porphyry copper and epithermal silver-gold discoveries. Exploration at PIL has revealed nine distinct zones of mineralization on the property: the NW, Silver Ridge, NE, WG, Central, Gold, Atlas East, Atlas West, Pillar East and PIL South zones.

Mineralization discovered on the property to date has shown the potential for a large, deep-seated alkalic porphyry system which the company intends to explore with further detailed geology, alteration mapping, prospecting, deep IP surveys and deeper drilling to test for porphyry copper and epithermal gold-silver.

Advancements in exploration technologies have helped resource companies to leverage geological and geophysical data to locate larger, deep-seated “feeder” porphyry systems. These improvements have led Finlay Minerals to believe there is potential for the company to access possible deep porphyry systems that are at depths beyond 1,000 meters below the surface. The company believes the PIL project justifies further exploration including deep induced polarization (IP) surveys and deeper diamond drilling.

Modern Exploration

In 2016, Finlay Minerals discovered the Copper Cliff copper-silver occurrence within the Pillar East zone. The outcrop and talus sample grades found in the area are comparable to most operating copper mines in British Columbia. A 10-day hand trenching program was later conducted in 2018 to channel sample significant epithermal gold-silver mineralization at the PIL property. The work aimed to determine if previous rock soil anomalies were related to a single vein or a stockwork system of veins and breccias with economic potential.

Detailed channel sampling at PIL returned 102 rock samples from 14 trenches scattered along 500 meters of the 800-meter epithermal trend. The 2018 program identified nine new mineralized structures. Priority trench T2 was excavated at the site and returned a grab sample grading 19.95 g/t gold and 423 g/t silver. Trench T1 targeted a 0.5-meter quartz breccia boulder 40 meters north of T2 that assayed 6.57g/t gold and 13.1g/t silver.

Moving forward, Finlay Minerals intends to continue to explore the PIL property in order to improve its understanding of mineralization in the region. According to a May 2020 release, Finlay Minerals plans to conduct a property-wide, detailed airborne magnetic survey to detect structural features, rock types and alteration associated with porphyry systems. The company intends to follow-up this work with a summer program of geology-alteration-structure mapping, rock sampling and deep IP survey work over the resulting primary porphyry targets.

Finlay Mineral’s Silver Hope Project

Finlay Mineral’s Silver Hope copper-silver-gold project is located approximately 40 kilometers southeast of the town of Houston in central British Columbia. The property benefits from nearby infrastructure including year-round access via a service road to the former Equity Silver Mine. The project comprises 38 mineral tenures covering approximately 14,165 hectares. The claims that make up the Silver Hope project surround the past-producing Equity Silver Mine which operated from 1981 until 1994. Equity produced 33.8 million tonnes averaging 0.4 percent copper, 64.9 g/t silver and 0.46 g/t gold.

Modern Exploration

Finlay Minerals explored the Silver Hope property from 2010 to 2014, which resulted in the discovery of the Main Deep Horizon copper-silver-gold mineralization which has been interpreted as the southern continuation of the Equity Silver Mine. During this time Finlay Minerals also discovered a copper-molybdenum porphyry west of the Main Deep zone in an area known as the West Horizon. This early exploration work allowed Finlay Minerals to conduct a number of drill programs between 2004 and 2014, which revealed zones of mineralization across the property.

In 2018 Finlay Minerals conducted a deep induced polarization survey on the Silver Hope property. The focus of the survey was to target the suspected source of the copper-silver-gold occurrences found along a geological trend that extends south from the former Equity Silver Mine deposits. The company identified prominent chargeability and resistivity anomalies from near the Equity Silver property boundary down through the West Horizon, Hope, Superstition and Gaul zones found at Silver Hope.

In 2019 Finlay Minerals conducted follow-up exploration work at the Silver Hope project including 3D induced polarization (IP), magnetotelluric surveys and soil geochemical surveys. The deep Volterra 3D IP, resistivity and associated MT survey revealed deep targets that extended over 600 meters below the Main and Deep Horizon stock-work and vein mineralization. Additional chargeability and resistivity anomalies were identified near the Equity Silver property boundary at the north end of the property that continued south through the West Horizon, Hope, Superstition and Gaul zones. Two Finlay drill holes cut to 400 meters deep have encountered mineralization.

In May 2020 Finlay Minerals announced its plans to complete a property-wide detailed airborne magnetic survey in order to detect structural features, rock types, and alteration associated systems of mineralization. The company intends to follow-up on this work with a comprehensive program of till and rock sampling and deep IP surveys over priority targets. A limited drill program is planned to test the continuity of known high-grade mineralization in addition to new prospective targets.

Finlay Mineral’s ATTY Project

Finlay Minerals ATTY property is located in the Toodoggone River area of the Stikine Terrane. Both the Stikine and Quesnel Terranes are known to host calc-alkaline to alkaline porphyry copper-molybdenum-silver-gold occurrences and mines, in addition to porphyry-related gold veins. The ATTY project comprises 12 mineral claim tenures covering a total of 3,393 hectares located directly north of the Kemess East Deposit and the Kemess Underground Mine.

The contiguous block claims that make up the ATTY property are located approximately 10 kilometers north-northwest of the former Kemess copper-gold mine. The property adjoins Centerra Gold’s Kemess project, where the Kemess Underground deposit is under construction. The ATTY property was previously optioned to Serengeti Resources in 2018, with the company terminating the option agreement in June 2020. Moving forward, Finlay Minerals intends to compile all exploration information, including Serengeti’s data, to fully assess the deep porphyry-related copper-gold-silver potential in the area.

Management Team

John Barakso, Chairman of the Board and Director

Mr. Barakso has a Masters degree in Geochemistry from the University of British Columbia and has 50 years of experience in grassroots exploration in British Columbia. He is a co-finder of the Kemess, Equity Silver, Huckleberry and Alice Arm Molybdenum deposits while working as Geochemist with Kennco Explorations (Western) Ltd. and Chief Geochemist for Anaconda American Brass. He was also the founder of Min-En Laboratories, Electrum Resource Corporation, Barakso Consultants and Finlay Minerals Ltd. Mr. Barakso has worldwide experience in the conceptualization and discovery of ore deposits and has authored and co-authored 27 published scientific papers.

Robert Brown, President, CEO and Director

Mr. Brown is a Professional Engineer with a degree in Engineering Geology from Queen’s University. His 40 years of experience in the mining industry includes 15 years with Lac Minerals Canada, and culminating in the position of VP Exploration for 12 years with Great Panther Silver Ltd. overseeing and directing exploration efforts at three mines sites and various exploration projects. Mr. Brown has also held senior management positions in the junior mining sector working on projects throughout the Americas, Eastern Europe and Indonesia, primarily with porphyry copper and epithermal gold deposits. He is a Qualified Person (QP) as defined by National Instrument 43-101.

Richard T. Dauphinee, CFO and Director

Mr. Dauphinee is a retired Chartered Accountant after 32 years of public practice; for 28 years he was a partner of Rick Dauphinee Ltd., Chartered Accountants and previously, he was a founding partner of Watson Dauphinee & Masuch, Chartered Accountants in Vancouver.

Warner Gruenwald, Vice President, Exploration and Director

Mr. Gruenwald has a Bachelor of Science degree in Geology from the University of British Columbia and has 35 years of exploration experience ranging from grassroots to advanced-stage exploration programs focused on precious and base metals. Mr. Gruenwald has operated as an independent consultant since 1985 and is the president of Geoquest Consulting Ltd. He is a Qualified Person (QP) as defined by National Instrument 43-101.

Alvin Jackson, Independent Director

Mr. Jackson has over 40 years of worldwide experience in mineral exploration and development. During his career, he has been directly involved with the exploration drilling and pre-feasibility studies on two major gold deposits (Detour Lake, Ontario and Golden Cross in New Zealand) and one porphyry copper deposit (Huckleberry, British Columbia), all of which subsequently became producers. Currently, Mr. Jackson serves as Director and Vice President, Exploration and Development of Freegold Ventures as well as a director of Canasil Resources and International Samuel Exploration.

Ilona Barakso Lindsay, Vice President, Corporate Relations

Ms. Lindsay has a Bachelor of Science degree in Microbiology from the University of British Columbia and has 15 years of experience in the mineral exploration field. She has been with the Company for 10 years and has been responsible for tenure management, accounting, corporate administration and recently, financings. Ms. Lindsay is also a director in the Barakso family companies.

David Schwartz, Corporate Secretary and Director

Mr. Schwartz has Bachelor of Commerce and Juris Doctor degrees from the University of British Columbia. He is a retired Barrister, Solicitor, Arbitrator and Notary with over 40 years experience in corporate and securities law predominantly with junior natural resource companies.

Peter Tegart, Independent Director

Mr. Tegart has a Bachelor of Science degree in Geology from the University of British Columbia and has over 45 years of experience as a geologist and mining executive. He has served as Western Manager for Serem Ltd. and Vice President, Exploration for Cheni Gold Mines.

Mr. Tegart has also been in charge of exploration, feasibility and production for the Moris Mine in Mexico formerly in production by Hochschilds of Peru. He was additionally responsible for resource definition and feasibility of the Lawyers Gold mine in BC and the acquisition of Manhattan Mineral’s Tambo Grande Project in Peru. Mr. Tegart served as President and CEO for Frontier Pacific Mining Corporation which was acquired by Eldorado Gold in 2009. He continues to be involved with several junior mining companies including Finlay Minerals Ltd.


FINLAY MINERALS SIGNS DEFINITIVE AGREEMENT FOR THE OPTION OF ITS PIL PROPERTY

FINLAY MINERALS SIGNS DEFINITIVE AGREEMENT FOR THE OPTION OF ITS PIL PROPERTY

Finlay Minerals Ltd. (TSXV: FYL) (the "Company") announces that further to its news release dated February 10, 2022 the Company has entered into a definitive option agreement dated February 28, 2022 for the option of a 70% interest in its wholly-owned PIL Property to ATAC Resources Ltd. ("ATAC") exercisable for consideration totaling $1.9 million and $12 million of work. The definitive option agreement was entered into pursuant to, and on substantially the terms set forth in, the binding letter of intent described in the Company's February 10, 2022 news release

Pursuant to the definitive option agreement, ATAC may exercise the option and acquire a 70% interest in the Property by making aggregate cash payments of $650,000 and share payments having an aggregate cash equivalent value of $1,250,000 , and incurring an aggregate of $12,000,000 in exploration expenditures in staged amounts on or before December 31 , 2026.  Following the exercise of the option, ATAC and Finlay will hold interests in the Property of 70% and 30%, respectively, and a joint venture will be formed.

News Provided by Canada Newswire via QuoteMedia

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FINLAY MINERALS OPTIONS THE PIL PROPERTY FOR CONSIDERATION OF $1.9 MILLION AND $12 MILLION OF WORK

FINLAY MINERALS OPTIONS THE PIL PROPERTY FOR CONSIDERATION OF $1.9 MILLION AND $12 MILLION OF WORK

Finlay Minerals Ltd. (TSXV: FYL) (the "Company") announces that it has entered into a binding letter of intent for the option of a 70% interest in its wholly-owned PIL Property to ATAC Resources Ltd. ("ATAC") exercisable for consideration totaling $1.9 million and $12 million of work. The PIL Property, which was purchased from Electrum Resource Corporation in 1999 and augmented in 2001, is in the Toodoggone Mining District of British Columbia and is neighboured by TDG Gold Corporation's SableBaker Property, Canasil Resources' Brenda Property, AMARC Resource's Joy Property and Questex Gold & Copper's Sofia Property.  The PIL Property is also 25km northwest of the former Kemess South Mine and 15 km east of Benchmark Metal's Lawyer's Project.

Pursuant to the letter of intent, ATAC may exercise the option and acquire a 70% interest in the Property by making aggregate cash payments of $650,000 and share payments having an aggregate cash equivalent value of $1,250,000 , and incurring an aggregate of $12,000,000 in exploration expenditures in staged amounts on or before December 31 , 2026.  Following the exercise of the option, ATAC and Finlay will hold interests in the Property of 70% and 30%, respectively, and a joint venture will be formed.

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Finlay Minerals Announces the Closing of Oversubscribed Private Placement Flow-through Financing of $328,039

Finlay Minerals Announces the Closing of Oversubscribed Private Placement Flow-through Financing of $328,039

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to announce that, further to the Company's news releases dated October 28, 2021 and November 8, 2021 the Company has closed, subject to receipt of final approval from the TSX Venture Exchange (" TSX-V "), its private placement financing for total proceeds of $328,039.79 (the " Private Placement ").

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TSXV:FYL

Finlay Minerals announces Re-pricing of Proposed Private Placement Flow-Through Financing of up to $300,000

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") announces the re-pricing of the proposed non-brokered flow-through private placement financing for aggregate gross proceeds of up to $300,000 (the " Private Placement ") previously announced on October 28, 2021 .

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TSXV:FYL

Finlay Minerals announces Proposed Private Placement Flow-Through Financing of up to $300,000

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to announce a proposed non-brokered flow-through private placement financing for aggregate gross proceeds of up to $300,000 (the " Private Placement ").

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Steppe Gold Announces Q1 2022 Financial Results

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Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the three months ended March 31, 2022, following recent positive operational updates.

First Quarter Highlights (all figures in US$000's unless stated otherwise)

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Silver Hammer Announces Up to $3,000,000 Private Placement Led by Echelon Wealth Partners

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CSE: HAMROTCQB: HAMRF) Silver Hammer Mining Corp. (the " Company " or " Silver Hammer ") is pleased to announce its intention to complete a brokered private placement on a commercially reasonable efforts basis for gross proceeds of up to approximately C$3,000,000 (the " Offering "). The Offering will be led by Echelon Wealth Partners Inc. as lead agent and sole bookrunner (the " Agent ").

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Graycliff Exploration Intersects 5 Metres of Gold Mineralization Grading 6.23 g/t at Shakespeare Project, Ontario

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