Fin Resources Ltd (ASX: FIN) – Multiple Shallow High-Grade Gold Zones Confirmed at Cabin Lake
20 May 2026
Price Sensitive Announcement $
Highlights:
- Multiple shallow high-grade gold zones confirmed at the Arrow Prospect, Cabin Lake Gold Project, Northwest Territories, Canada
- Drillhole CL-26-002 returned 7.84m @ 18.2 g/t Au from 12.66m, including 5.50m @ 21.6 g/t Au from 15.0m
- Multiple individual assays exceeding 10 g/t Au, including 50.8 g/t Au, 30.6 g/t Au and 25.0 g/t Au over 0.5m intervals
- Two successive Arrow drillholes have now collectively confirmed a broad, continuous sulphide-hosted gold system within the Bugow Iron Formation (BIF)
- Mineralisation commences immediately beneath shallow glacial cover, from as little as 12.66m downhole
- Multiple subparallel high-grade zones identified, with strong structural controls on higher-grade mineralisation
- Consistent association between sulphide abundance and elevated gold grades across both holes
- Winter drilling and geophysics campaign concluded successfully, with all personnel safely demobilised from site
- Assay results pending from Arrow (CL-26-003), Beaver (CL-26-004 to CL-26-006) and Andrew South (CL-26-007 and CL-26-008) expected in coming weeks
- Integrated geophysical datasets including surface IP, downhole IP and ground magnetics now being compiled to refine targeting ahead of the summer program
Overview:
Fin Resources Limited (ASX: FIN), a mineral exploration company focused on the discovery and development of gold assets in Canada and Australia, has reported further high-grade gold assay results from the second drillhole of its 2026 drilling program at the flagship Cabin Lake Gold Project in Canada’s Northwest Territories.
The latest results from Arrow Prospect drillhole CL-26-002 follow the previously reported CL-26-001, which returned 26.12m @ 12.0 g/t Au from 14.88m (announced 28 April 2026). Together, the first two Arrow holes have now consistently intersected broad zones of shallow, sulphide-hosted high-grade gold mineralisation within the Bugow Iron Formation, significantly strengthening the company’s confidence in the continuity and scale potential of the emerging gold system.
The 2026 winter campaign has also completed a comprehensive geophysics program comprising downhole IP, surface dipole-dipole IP, and high-resolution ground magnetic surveys. Data compilation and interpretation are now well advanced, with results being integrated alongside drilling observations from Arrow, Beaver, and Andrew South to prioritise targets for the upcoming summer exploration program.
Assay results from five additional drillholes across three prospects remain pending and are expected to be received in the coming weeks as laboratory processing progresses.
Company Notes:
Commenting on the results, FIN Chairman Bruce McFadzean said: “These latest results continue to demonstrate that Arrow is not an isolated high-grade occurrence, but part of a broader and repeatable sulphide-hosted gold system developing within the Bugow Iron Formation at Cabin Lake.
Importantly, the first two Arrow drillholes have now consistently intersected broad zones of shallow high-grade mineralisation, significantly strengthening our confidence in the continuity and scale potential of the system.
The drilling and geophysical programs completed during the winter campaign have also materially improved our understanding of the geological and structural controls on mineralisation. We believe this work has positioned the Company extremely well heading into the next phase of exploration and target generation.
We are now looking forward to receiving assay results from the third Arrow hole and those completed at Beaver and Andrew South, where drilling has also intersected encouraging sulphide mineralisation and alteration associated with the broader mineralised corridor at Cabin Lake.”
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.