The Silver Hope property is located approximately 70 kilometres (km) southeast of
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
Highlights
All nine holes intersected significant mineralization, however, three drill holes in the
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).
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).
Planning is currently underway for a 2022 drill program on the Equity East, Allin and Gaul Zones.
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
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
In addition, metallurgical studies on the existing drill core from the
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Contact:
Tel: 604-684-3099
Email: rbrown@finlayminerals.com
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.
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