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Finlay Minerals Ltd. offers an update on its Silver Hope Property in light of neighbouring New Nadina's deep discovery on its Silver Queen Property
Finlay Minerals Ltd. offers an update on its Silver Hope Property in light of neighbouring...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\nFinlay Minerals Ltd. offers an update on its Silver Hope Property in light of neighbouring New Nadina's deep discovery on its Silver Queen 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, Nov. 15, 2017\n\n\n\nVANCOUVER, Nov. 15, 2017 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the \"Company\") is providing an update on its Silver Hope property (\"Silver Hope\") in light of the recent deep discovery at New Nadina Explorations Ltd.'s (\"New Nadina\") Silver Queen property (\"Silver Queen\"), as announced in New Nadina's news releases dated October 25, 2017, October 27, 2017, and November 10, 2017.\n\nOver the past several years, the exploration industry has successfully used geological and geophysical data to locate larger, deep-seated \"feeder\" porphyry systems. These mineralized zones are now being found beyond the depths of historic deposits, as well as at former and currently operating mines. \n\nThe Company confirms the proximity of the Silver Hope and Silver Queen properties, which are approximately 15 kilometres from each other. Both properties have broadly similar geological and structural settings.\n\nThe Silver Hope property geology consists of Lower Tertiary age Goosly Lake volcanic rocks that overlie sedimentary, volcanic flows and pyroclastic rocks of the Cretaceous age Skeena Group. In the Equity and Silver Hope area these rocks are cut by the Goosly intrusive bodies of varying composition. One intrusion includes a north striking two kilometre, Paleocene (lower Tertiary) age quartz monzonite body. Geological studies have posited that copper-silver-gold mineralization at the Equity Silver Mine and Silver Queen are genetically related to plumbing systems driven by the Goosly intrusions. The Company believes the Silver Hope mineralized zones are potentially related to a large, deep-seated porphyry system. \n\nJohn Barakso, the Company's founder and Chairman of the Board and a co-founder of the Equity Silver and Kemess South and Underground deposits states: \"The Silver Hope has yielded three discoveries: a c...