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Finlay Minerals Completes an Airborne Magnetometer Survey over newly discovered Copper - Silver Alkali-Porphyry system on the PIL Property
Finlay Minerals Completes an Airborne Magnetometer Survey over newly discovered Copper - S...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\nFinlay Minerals Completes an Airborne Magnetometer Survey over newly discovered Copper - Silver Alkali-Porphyry system on the PIL Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 13, 2017\n\n\n\nVANCOUVER, June 13, 2017 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (\"Finlay\" or the \"Company\") reports the completion of a detailed airborne magnetometer survey over the newly discovered copper-silver alkali-porphyry system on the 100% owned PIL Property located in the Toodoggone region of northern British Columbia.\n\nOn October 25, 2016, Finlay reported the discovery of a copper-silver alkali-porphyry system on the PIL Property. All rock samples collected in 2016 contained disseminated chalcopyrite mineralization. Sampling of talus below mineralized outcrop returned up to 25m @ 1.04% copper and 23.9 g/t silver. Petrographic analysis identified the discovery as a potassic altered, low-Fe / high-Cu hypabyssal (shallow depth) monzonite porphyry.  This initial work establishes that the PIL property has the potential for high-grade copper mineralization, hosted by porphyry rocks like other major discoveries in the Stikine terrane (such as the former Kemess Mine and the Kemess Underground and Kemess East deposits of AuRico Metals Inc. and the Red Chris Mine of Imperial Metals Corporation).  See Finlay's press release entitled \"Finlay Minerals Ltd. discovers an alkalic porphyry copper-silver system on its PIL Property\" dated October 25, 2016, for additional information.\n\nThe detailed airborne magnetic survey was conducted over an 8.75 square kilometer area on 100 meter spaced east-west orientated lines using a towed bird system.  Within the survey area are the above copper-silver alkali-porphyry system, two epithermal gold-silver systems and a coincident Thorium-Potassium ratio anomalous zone (2004 Toodoggone airborne geophysical survey).  The survey was flown to see if the monzonite intrusion can be differentiated from the host volcanic tuffs, leading to a more focused mapping, sampling, and induced po...