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Finlay Minerals Ltd. - 700 meter long Atlas East zone yields 2 meter intersection of 7.24g/t gold and 141.1g/t silver
VANCOUVER, March 3 /CNW/ - The Board of Directors of Finlay Minerals Ltd. ("The Company") is plea...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 3 /CNW/ - The Board of Directors of Finlay Minerals Ltd.\n("The Company") is pleased to announce the results of core drilling from the\n700 meter long Atlas East gold-silver zone, as well as preliminary evaluation\nof the Pillar East gold-silver occurrence 1,000 meters east of the Atlas East\nzone, on the Pil North property, Toodoggone Mining Camp, B.C.\n\n\nHighlight results from Atlas East core drill program include,\n\n\nAE07-03\n\n Drilled\n From To width\n(meters) (meters) (meters) Au (g/t) Ag (g/t)\n\n149.15 151.15 2 1.290 28.4\n151.15 153.15 2 5.220 31.2\n153.15 155.15 2 0.051 3.1\n155.15 157.15 2 2.870 57\n157.15 159.15 2 7.240 141.1\ncomposite\n149.15 159.15 10 3.33 52.1\n\n\nThe Atlas East zone has been traced in drilling for ~700 meters along\nstrike from AE07-07 in the west to the AE07-04/06 drill-hole pair in the east.\nFurther east the favourable volcanic unit containing gold-silver\nmineralization is buried beneath younger volcanic rocks. Management believes\nthat the Pillar East zone, 1,000 meters to the east is the eastward\ncontinuation of the same mineralized zone as the Atlas East zone.\n\n\nAt the Pillar East zone soil samples returned up to 6,748ppb gold\n(6.75g/t gold), while visible gold was panned out of the headwaters of several\nstreams with pan concentrate grades of up to 4,280ppb gold (4.28g/t gold).\nConsiderable more exploration is needed at Pillar East including trenching and\ndrilling in a largely scree covered mountain bowl (see map on web-site).\n\n\nMineralization at the Atlas East zone is associated with weakly pyritic,\nsericitic, silicified, and quartz stock-work andesite porphyry containing\ntrace amounts of sphalerite and galena. The gross overall orientation of the\nmineralized zone, considering the 2007 work, is presently best estimated at an\neast-northeast trend with a moderate south dip. Drill-hole AE07-03 was drilled\nperpendicular to this trend (350 degree azimuth with a -45 degree north dip)\nso that true widths are likely ~80-90% of drilled widths.\n\n\nDrill-hole AE07-03 was drilled ~240m ENE of the Atlas East zone discovery\nhole A06-05 (see news release of November 2, 2006).\n\n\n----------------------------------------------------\nA06-05\n\n----------------------------------------------------\n Drilled\n From To width\n(meters) (meters) (me...