FINLAY MINERALS CONTINUES TO EXPAND SILVER HOPE COPPER-MOLYBDENUM-SILVER
ZONES WITH COMPLETION OF THE SUMMER EXPLORATION PROGRAM
BC ? September 27, 2011 ?
Finlay Minerals Ltd. (TSXV:FYL)
(the ?Company?) reports the completion of its second drilling program of 2011
on the Silver Hope Property near Houston, B.C.
summer exploration program took place between early July and mid-September and
entailed the completion of seven deep drill holes totaling 3,600 metres. Three holes tested the recently discovered
West Horizon porphyry copper-molybdenite
mineralization, three holes drilled the deeper portions of the Superstition
Zone of the Main Horizon, and one hole was completed in the East Horizon to
follow-up on coincident strong induced polarization (IP) and soil geochemical
anomalies. Final assay results and data compilation will be released once
has successfully expanded the size of the West Horizon porphyry
copper-molybdenum zone on the property to approximately 1,000 metres (north-south) by 175 metres
wide. Drill hole SH11-05 (see news release of June 2, 2011) indicated
porphyry mineralization extending vertically to depths of at least 600 metres. The porphyry is open to the south on the
Silver Hope Property. In addition, copper mineralization was intersected
in adjacent volcanic rocks up to 300 metres easterly
of the porphyry body.
geological model being developed by Finlay Minerals management envisions the
West Horizon porphyry copper-molybdenum as core mineralization surrounded by an
altered and mineralized shell of volcanic and sedimentary rocks that host the
Main Horizon copper-silver ?Equity Silver Mine? type
mineralization. Drilling indicates that there is considerable potential
between the West and Main Horizons in the extensive shell.
date 74 holes have been drilled on the Silver Hope Property. Since
September, 2010 Finlay has drilled 19 holes with 15 having identified the new
copper-molybdenum porphyry system as well as the adjacent copper-silver
mineralization below shallow historic holes drilled in the Main Horizon.
About Finlay Minerals Ltd.
Minerals is a TSX Venture Exchange company focused on exploration for base and
precious metal deposits in northern British Columbia. In addition to the company?s flagship property, Silver Hope, the Pil and Atty properties are
situated in the Toodoggone region, a mineral-rich
area that is host to several copper-gold porphyry and epithermal gold-silver
deposits. New discoveries on the Pil property include
the Northwest Zone copper-molybdenum porphyry mineralization and the Atlas
East/Pillar East epithermal gold-silver zones.
On behalf of the Board of Directors,
Robert Brown, P. Eng.
President & C.E.O.
further information, contact:
Toll-Free: (866) 742-9990
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 release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling and
other activities and events or developments that Finlay Minerals Ltd.
("Finlay") expects to occur, are forward-looking statements.
Forward-looking statements in this news release include statements regarding
the placements and future exploration plans and expenditures. 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 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 for the transactions described herein, 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 events or otherwise, except as
required by applicable law.