Finlay Minerals Ltd. (FYL) is excited to announce the promising results from the 2025 exploration program at the PIL property, which has unveiled several drill-ready targets and new porphyry targets that merit further investigation. The PIL property is strategically located in a significant porphyry corridor within the Toodoggone district and is currently under an Earn-In Agreement with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport").
Highlights from the 2025 Exploration Program
Ilona B. Lindsay, Finlay's President & CEO, remarked, "Our 2025 exploration program, with Freeport's funding support, delivered on several fronts: we have brought three targets—the Reef, PIL South, and Gold—to the drill-ready stage, expanded two additional targets, and identified multiple new regional targets. The PIL continues to be one of the gems in Finlay's property portfolio."
Exploration Program Focus
The 2025 exploration program targeted the Reef, PIL South, Gold, Copper Ridge, Zeus, and Spruce areas of the PIL. The initiative included the collection of 381 rock samples, 1,494 soil samples, and 561 SWIR data points. Additionally, the team completed 46 line-kilometers of Induced Polarization surveys and a 1,533 line-kilometer Airborne Magnetic Survey across the entire property, identifying significant northwest-trending structures such as the Saunders and Pillar faults.
New Findings at the Reef
Fieldwork in the Reef area revealed key characteristics typically found above mineralized porphyry centers. The surface mapping at Reef indicated alteration typical of a lithocap, often associated with gold and copper porphyry systems. An Induced Polarization survey highlighted a 2,000 by 1,200 meters chargeability and resistivity anomaly, trending west-southwest toward Freeport's drill hole JP25120.
Other Target Updates
PIL South, located east of the Reef target, showcased a 1,200 by 2,300 meters chargeability-high and resistivity-low anomaly, coinciding with a magnetic high anomaly. The Gold target, situated on the eastern side of the Saunders Fault, also presents a significant 900 by 1,400 meters anomaly corresponding to a multi-element soil geochemical signature.
The Copper Ridge target revealed a notable geochemical soil anomaly over the Black Lake intrusions, while Spruce North has been identified as a promising porphyry target based on recent mapping and sampling efforts. Further exploration is planned for the 2026 season, targeting the Reef and refining drill targets at Gold, Copper Ridge, and Spruce.
Both the PIL and ATTY exploration programs are financially supported through Earn-In Agreements with Freeport, which may earn up to an 80% interest in each property by investing $35 million in exploration over six years. Finlay will act as the operator for both properties, receiving an operator's fee.
For more details, visit Finlay Minerals' website or follow updates on Inside Ticker.