Business
Finlay Minerals Announces Fully Funded 2026 Exploration Programs at PIL and ATTY - Freeport to Fund Priority Drilling at PIL and Continued Work at ATTY
VANCOUVER, BC, May 13, 2026 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce a fully funded $4.3
About this update from Finlay Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC, May 13, 2026 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (\"Finlay\" or the \"Company\") is pleased to announce a fully funded $4.3 million 2026 exploration program for its PIL and ATTY properties in the Toodoggone District pursuant to its earn-in agreements with Freeport-McMoRan Mineral Properties Canada Inc. (\"Freeport\"). (1) Building on a highly successful 2025 field season that generated multiple priority targets, the 2026 program is designed to advance drilling at PIL and continue systematic fieldwork at ATTY, underscoring the scale and discovery potential of both properties. The 2026 program at PIL will focus on drilling the highest-priority targets generated in 2025, particularly Reef, PIL South and Gold. At ATTY, planned work will continue to refine targets through induced polarization (\"IP\") surveying, mapping and surface sampling. At Reef, drilling will test an IP anomaly that appears to trend west-southwest toward Freeport and Amarc Resources Ltd.'s (\"Amarc\") drill hole JP25120, which intersected 33 meters (\"m\") grading 0.58 g/t Au, 0.22% Cu and 5.4 g/t Ag from 564 meters depth(2), with the hole ending in mineralization. JP25120 is located 200 m south of the PIL boundary. Situated 500 to 2,000 m northeast of the AuRORA discovery, Reef ranks among the Company's highest-priority targets for 2026. PIL South, located east of Reef, represents another significant target. The 2025 IP survey outlined a 1,200 m by 2,300 m chargeability-high and resistivity-low anomaly coincident with a magnetic high and a strong copper-gold geochemical anomaly. While 2024 drilling intersected porphyry mineralization, the target was not tested at sufficient depth. The Gold target, located east of the Saunders Fault in a setting comparable to AuRORA and Reef, further supports the broader discovery potential at PIL. An IP survey identified a 900 m by 1,400 m chargeability-high and resistivity-low anomaly coincident with a 900 m by 1,800 m multi-element soil geochemical signature containing copper, gold, molybdenum, selenium and bismuth, suggesting a possible porphyry source. Historic shallow drilling also returned elevated gold and anomalous copper, silver and zinc. 2026 PIL Program Highlights: 2,800 meters of diamond drilling planned to test the high-priority Reef, PIL South and Gold targets generat...