VANCOUVER, BC, Sept. 19,
2022 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL)
(OTCQB: FYMNF) ("Finlay" or the "Company") is
pleased to announce that drilling has commenced on its Silver Hope
Property, in central B.C.
The planned 2,000m drill program
will evaluate some of the high-priority, undrilled targets within
the Equity East and Allin Zones. The Equity East and Allin Targets
are combined geochemical, and geophysical anomalies strongly
associated with the Goosly Intrusive Suite Complex (GIC).
(Click HERE to view the Silver
Hope Property with the Equity East and Allin Zones and the Main
Trend's Gaul Zone). The former Equity Silver open-pit and
underground mine is located on the western edge of the magnetic
high anomaly which is interpreted as the GIC.
Follow-up drilling in the Gaul Zone along the Main Trend will
target down dip of the mineralized zone to twin some 1987 drill
holes that were drilled prior to Finlay's ownership and for which
the Company is missing assay data. The Company will also test south
of SH21-09 which intersected 76.57 metres
("m"), from 80.23m, grading 0.45%
copper ("Cu"), 14.6 g/t silver ("Ag"), and 0.14 g/t gold
("Au") and which continues to be open to the south and
down dip.
Robert Brown, President and
Chief Executive Officer of Finlay, states:
"The necessary funding by Finlay is in place for the
Silver Hope exploration program. The program has high impact
exploration potential on the previously untested Equity East and
Allin Targets. Silver Hope drilling is targeting both Equity
Silver-type Cu-Au-Ag and porphyry copper - molybdenum-type
mineralized targets."
Finlay also announces the staking of a further 5,785 hectares
contiguous to and northwest of the Silver Hope claim block.
(Click HERE to view the Area of New Staking
overlaying the Airborne Magnetics Geophysical Survey.)
These new claims cover an area, recently exposed by logging, of
altered volcanic rocks with Cu mineralization. The newly
staked claims also cover a favorable magnetic high trend which
hosts the Sam showing where past drilling has intersected broad
intervals of Zn-Ag mineralization. Samples have been
submitted for analysis.
(Click HERE to view the updated Silver
Hope Property section on the Finlay website for further
information and history relating to this property.)
Qualified Person:
Wade Barnes, P. Geo. and Vice
President, Exploration for Finlay and a qualified person as defined
by National Instrument 43-101, has approved the technical content
of this news release.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and
precious metal deposits in northern British Columbia.
Finlay trades under the symbol "FYL" on the TSXV and under the
symbol "FYMNF" on the OTCQB. For further information and details,
please visit the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown, P. Eng.
President & CEO
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accept
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information: This news
release includes certain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of applicable Canadian
securities legislation. All statements in this news release that
address events or developments that we expect to occur in the
future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, although not always, identified by words such as
"expect", "plan", "anticipate", "project", "target", "potential",
"schedule", "forecast", "budget", "estimate", "intend" or "believe"
and similar expressions or their negative connotations, or that
events or conditions "will", "would", "may", "could", "should" or
"might" occur. All such forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made. 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, availability of capital and financing and general
economic, market or business conditions, and the other risk factors
described in Finlay's filings with Canadian securities regulators
on SEDAR at www.sedar.com. 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.