- Finlay Minerals (TSXV:FYL) has retaken 100-per-cent ownership and operation of its 13,965-hectare PIL property in British Columbia’s Toodoggone copper-gold district following Cascadia Minerals’ termination of its option on December 27
- The property features numerous epithermal gold, silver and copper vein systems worth further investigation
- Finlay Minerals is focused on exploring for base and precious metal deposits on four properties in northern British Columbia
- Finlay Minerals stock is up by 88.89 per cent on the news trading at C$0.085 per share as of 10:47 am ET
Finlay Minerals (TSXV:FYL) has retaken 100-per-cent ownership and operation of its 13,965-hectare PIL property in British Columbia’s Toodoggone copper-gold district following Cascadia Minerals’ termination of its option on December 27.
PIL features numerous porphyry copper and associated epithermal gold, silver and copper vein systems, including the newly discovered Zeus and Ben zones in the southwest portion of the property.
Cascadia completed two drillholes at the PIL South target in 2024, yielding extensive lo-grade copper, silver, gold and molybdenum mineralization, including 0.10 per cent copper with 0.05 grams per ton (g/t) of gold, 7.1 g/t silver and 0.18 per cent zinc over 162 metres from 749 metres near a potential mineralized intrusive porphyry system.
Finlay management is reviewing Cascadia’s work on the property with eyes on further exploration work in 2025. The company will also follow up on a recent high-grade copper, gold and silver discovery by AMARC Resources and Freeport-McMoran on the Joy property, which is only 750 metres from the PIL boundary and only 2,500 metres from the PIL South target.
About Finlay Minerals
Finlay Minerals is focused on exploring for base and precious metal deposits on four properties in northern British Columbia. Besides PIL, these include:
- The 4,498-hectare ATTY property in between and contiguous to Centerra Gold’s Kemess property and the joint-venture Joy property held by Amarc and Freeport-McMoRan.
- The 21,690-hectare Silver Hope property surrounding the past-producing Equity silver mine and featuring an over 2 kilometre copper, silver and gold trend with mineralization starting at surface.
- The 15,252-hectare SAY property lies within a 135 km-long belt of relatively unexplored Stikine terrane from American Eagle Gold’s NAK and Amarc Resources/Boliden Minerals Canada’s Duke copper, molybdenum, silver and gold porphyry prospects in the south to the newly discovered porphyry prospect on Quartz Mountain’s Jake property and the Red Spring sediment-hosted copper and silver showing to the north. SAY’s highlight 4.3-km SPUR zone has assayed up to 15.8 per cent copper and 993 g/t silver.
Finlay Minerals stock (TSXV:FYL) is up by 88.89 per cent on the news trading at C$0.085 per share as of 10:47 am ET. The stock has added 183.33 per cent year-over-year but only 70 per cent since 2020.
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(Top photo of Finlay Minerals’ ATTY property in British Columbia: Finlay Minerals)