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Finlay Minerals Ltd. - Announces results of deep penetration geophysical surveys, and initial core drill program at the Silver Hope Project, central British Columbia
Finlay Minerals Ltd. - Announces results of deep penetration geophysical surveys, and initial core drill program at the Silver Hope Project, central British Columbia.
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, April 30 /CNW/ - The Board of Directors of Finlay Minerals\nLtd. ("The Company") is pleased to announce the results of a combined\ngeophysical program, and a follow-up core drilling program at the Silver Hope\nProperty located in central British Columbia.\n\n\nThe Company acquired the Silver Hope Property with the objective of\ntesting for volcanogenic massive sulfide style high-grade feeder\nmineralization and completed multiple deep penetrating orientation geophysical\nsurveys during the summer of 2006. These include magnetic, induced\npolarization (I.P.), and gravity surveys. Results of the work are posted on\nthe Company web-site. The geophysical survey work was completed by Peter\nWalcott and Associates of Burnaby, B.C. Survey data was collected along six\n(6) cut lines, each of 2.5 kilometers length. Two lines each were cut spaced\n200 meters apart over the Hope, Superstitious, and Gaul zones. The three zones\ncover ~two kilometers of strike length.\n\n\nThe geophysics defined, in a broad sense, an intense I.P. conductive zone\nand associated resistivity low, open at depth over all three zones. The I.P.\nanomalies are coincident with known zones of pyrite and associated\nchalcopyrite mineralization. Coincidently the gravity survey defined a deep\nseated positive gravity feature of 4 milligals estimated to be ~one (1)\nkilometer below surface underlying the three zones.\n\n\nAn initial Phase 1 core drilling program has been planned to test the\ndeep silver-copper-gold breccia related mineralization (as noted below), both\nfor extent and continuity in the Hope zone, and for the presence of\nsilver-copper-gold breccia related mineralization deep below the Gaul zone.\nThis drill program will consist of four (4) core holes each 400-450 meters\nlong, three designed to test the Hope zone, and one at the Gaul zone. Drilling\nis planned to begin in May, 2007.\n\n\nThe Silver Hope Property is contiguous with the southern boundary of the\npast producing Equity Silver Mines Property (33,800,000 tonnes @ 0.4% copper,\n64.7g/t silver, and 0.46g/t gold from open pit and underground mining) and\ncovers prospective stratigraphy for discovery of stratabound\ncopper-silver-gold mineralization. Prior workers conducted several drilling\nprograms along a 2 kilometer strike length of favourable geology that\npartiall...