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Finlay Minerals Ltd. begins 2013 Silver Hope exploration program and advises of investor relations services agreement termination
VANCOUVER , Aug. 28, 2013 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the "Company") ann...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\nVANCOUVER, Aug. 28, 2013 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the \"Company\") announces that a multi-phase exploration program will\n start immediately on the Silver Hope project, located southeast of\n Houston in central B.C.  Detailed follow-up work will entail\n prospecting, geological mapping along with rock and soil sampling on\n multiple geophysical anomalies identified by the 2012 airborne ZTEM\n survey. (CLICK HERE for Silver Hope map with ZTEM Geophysics identified Anomalies, Horizons\n and Trends).  Favourable targets will then be further tested by\n excavator trenching.\n\n\nThe ZTEM anomalies are of particular interest in that the Company has\n already verified that many of these anomalies are related to\n mineralized zones such as the WEST Horizon copper- molybdenum porphyry;\n the MAIN Horizon \"Equity Silver Mine style\" silver-gold-copper\n mineralization; and a high grade gold-copper mineralization associated\n with the East Horizon. These \"Horizons\" are exemplified by coincident\n ZTEM, Induced Polarization (IP), and gravity anomalies along with\n mineralization intersected by core drilling. The 2013 exploration\n program will target multiple ZTEM anomalies identified over a 5 by 7\n kilometer area.\n\n\nThe Company is targeting world class mesothermal (silver-gold-copper\n Equity Silver Mine type) and porphyry type (copper-molybdenum) mineral\n deposits associated with monzonitic intrusions along regional\n north-south faulting.\n\n\nThe Silver Hope project has been the site of successful exploration by\n the Company. In 2010, long intercepts of porphyry copper-molybdenum\n mineralization were discovered (i.e. SH10-03 with 220 m @ 0.30% copper\n and 0.019% molybdenum) associated with what is known as the WEST\n Horizon.  (CLICK HERE for Detailed Silver Hope Map with referenced Drill Hole Locations).\n Drilling in 2011 continued to define more porphyry mineralization with\n vertical drill hole SH11-05 ending in copper-molybdenum bearing\n porphyry at 602 meters.\n\n\nA very significant discovery was gold-silver-copper mineralization with\n a distinct geochemical signature potentially related to a deep magmatic\n source in hole SH11-12 (76m @ 0.43g/t Au, 29g/t silver, & 0.20% copper\n (1.24g/t gold equivalent)). This mineralization occurs along what the\n Company refers to as the...