USD $4,165.18
Goldman Broad, near-surface mineralisation confirmed with multiple high-grade zones at Arrow prospect
Fin Resources Limited (ASX:FIN) has reported strong initial drilling results from its 2026 program at the Cabin Lake Gold Project in Canada, confirming a broad, continuous high-grade gold system from its first hole at the Arrow prospect.
The maiden drillhole (CL-26-001) intersected a wide mineralised zone from near surface, highlighting both scale and grade continuity within a sulphide-hosted system.
Key results include:
- 26.2m @ 12.0 g/t Au from 14.88m, within a broader 36.12m @ 8.96 g/t Au
- 14.42m @ 12.30 g/t Au from 15.85m
- including 3.50m @ 12.76 g/t Au from 18.00m
- and 7.77m @ 14.65 g/t Au from 22.50m
- 9.54m @ 13.89 g/t Au from 31.46m
- including 8.00m @ 15.50 g/t Au from 32.00m
The drilling confirms a well-developed, sulphide-bearing banded iron formation (BIF) hosting consistent gold mineralisation, with multiple stacked high-grade zones. Gold grades are described as evenly distributed, with limited evidence of erratic high-grade spikes, supporting a coherent and laterally extensive system.
Importantly, mineralisation extends from shallow depths directly beneath overburden and continues beyond the main zone into lower-grade material at depth, reinforcing the scale potential of the system.
The company noted that multiple assays exceeding 10 g/t Au were recorded, with a peak value of 34.6 g/t Au. Further drilling results from Arrow, as well as the Beaver and Andrew South prospects, are expected in coming weeks.
Geological interpretation indicates the system is structurally controlled, with strong internal grade continuity and multiple subparallel high-grade zones, suggesting potential for a large-scale gold system at Cabin Lake.
FIN Chairman, Bruce McFadzean, commented:
These are exceptional results from the first hole of the program and confirm we are into a strong, continuous gold system at Arrow. The intersection of 26.2 metres at 12.0 grams gold per tonne from 14.88 metres is supported by coherent higher-grade zones, including 14.42 metres at 12.30 grams per tonne and 7.77 metres at 14.65 grams per tonne, highlighting the strength and consistency of mineralisation. The scale of the intersection and continuity of high-grade zones provides strong confidence in the underlying system. This is just the first hole of the current campaign, with further drilling focused on key targets at Andrew, Beaver and Andrew South, and additional results pending. We are well positioned to continue building momentum as we define the scale and continuity of the Cabin Lake system.
