Finlay Drill Hole Ends in Higher Grade Gold and Copper Mineralization on the PIL Property CNW Group Tue, November 10, 2026 at 5:00 AM EST 8 min read FYL.V -9.09% GC=F -0.74% HG=F -0.50% FYMNF 0.00% VANCOUVER, BC, Nov. 10, 2026 /CNW/ -- Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that PIL26-002 intersected 13.3 grams/tonne ("g/t") gold ("Au") and 0.33 percent ("%") copper ("Cu") over 2.0 meters ("m") from 804.0 m within a larger interval of 7.25 m assaying 4.37 g/t Au and 0.35% Cu from 802.75 m. PIL26-002 was Finlay's first drill hole at the REEF Target testing north of Aurora Mineral's AuRORA high-grade gold-copper porphyry discovery (1) and ended in mineralization at a depth of 810.0 m. The drill hole was terminated due to drill rig constraints.
Table 1. PIL26-002 Assay Interval Highlights
Interval (m)(*)
* True widths are unknown at this time and intervals are reported using core lengths only.** End of hole ("EOH") was 810.00 meters depth for PIL26-002.
Finlay's President and CEO, Ilona Lindsay, stated:
"Finlay's first drill hole in the REEF Target, 300 meters north of the AuRORA gold-copper porphyry, demonstrated the continuation of higher grade mineralization on to the PIL Property. I look forward to our team getting back in there in 2027 to expand our knowledge of this new extension as we continue to advance the PIL Property's potential."
CLICK HERE to view the Figure 1 - PIL26-002 Plan Map (2).
PIL26-002 successfully established that higher grade gold and copper porphyry mineralization exists at REEF, with more drilling required to test the continuity and scale of this system. Drill hole PIL26-002 was collared 300 m north of AuRORA drill hole JP25120, which intersected 33.0 m assaying 0.58 g/t Au and 0.22% Cu from 564.0 m and 35.9 m assaying 0.29 g/t Au and 0.28% Cu from 639.5 m and was terminated prematurely in mineralization(1). Refer to Figure 2 – Cross Section of the REEF & AuRORA Drill Holes. Mineralization was intersected slightly deeper than expected due to an east trending fault shifting the north side fault block down. Due to drill limitations, PIL26-002, while ending in significant mineralization, could not be extended beyond the 810 m hole depth.
The mineralized interval is hosted within intense epidote-quartz-magnetite-biotite altered Toodoggone Volcanic rocks. Chalcopyrite mineralization is present within quartz veins, as fracture fill and interstitial between quartz and epidote grains. The alteration and mineralization are consistent with porphyry copper-gold deposits within the Toodoggone District.
In total, five drill holes were completed between the REEF and PIL South targets to test for copper and gold porphyry mineralization. Refer to Table 2 for the 2026 Drill Hole Collar locations completed at the REEF and PIL South areas. Refer to Table 3 reporting the individual sample assays for PIL26-002 from 768.0 to 810.0 m - demonstrating increasing grades and continuity through this mineralized interval. Assay results from the remaining REEF drill holes will be released when assays have been received, passed Finlay's QA/QC procedures and been compiled.
The PIL and ATTY properties are located in the heart of British Columbia's prolific Toodoggone District in north-central British Columbia and flank the Aurora Minerals Ltd. JOY Project, a 60% - 40% joint venture between Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") and Amarc Resources Ltd., respectively. Both the PIL and ATTY Properties are under 6-year Earn-In Agreements with Freeport wherein Freeport may earn an 80% interest in the properties by paying $4.1 Million cash and funding $35 Million of exploration work.(3)
Table 2. Drill Collar coordinates for the 2026 REEF Drill Holes
Table 3. Interval Assays from PIL26-002
Wade Barnes, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.
Quality Control/Quality Assurance Program:
Drill core samples were logged, photographed and cut in half with a diamond core saw at site. Half of the core samples were sent to the ALS Canada Ltd. ("ALS"), North Vancouver, Canada facility for preparation and analysis. The drill core and rock samples were crushed to 70% passing
