VANCOUVER, May 22, 2019 /CNW/ - Finlay Minerals Ltd.
(TSXV: FYL) (the "Company") announces the appointment of
Alvin Jackson as Director, effective
May 21, 2019, and the retirement of
James Tutton as Director effective
May 16, 2019.
The Company would like to thank Mr. Tutton for his long service
as Director, and formerly as Chief Financial Officer, and wishes
him the very best.
The Company welcomes Mr. Alvin
Jackson as an Independent Director of the Company. Mr.
Jackson has over 40 years of worldwide experience in mineral
exploration and development. During his career, he has been
directly involved with the exploration drilling and pre-feasibility
studies on two major gold deposits: Detour Lake in Ontario and Golden
Cross in New Zealand, and
one porphyry copper deposit: Huckleberry in British Columbia - all of which subsequently
became producers. His experience includes work as an
Exploration Manager for Cyprus Minerals Canada from 1989 to 1992
and serving as President and CEO/COO of Eurozinc Mining between
1999 to 2005 where he directed that company in its acquisition of
the Aljustrel and Neves Corvo zinc and copper mines in
Portugal. Eurozinc subsequently grew to a market
capitalization of over $1.5 billion
before merging with Lundin Mining. Currently, Mr. Jackson
serves as Director and Vice President, Exploration and Development
of Freegold Ventures as well as a director of Canasil Resources and
International Samuel Exploration.
Robert Brown, President and CEO
of the Company states:
"I am very pleased that
Alvin Jackson has joined our Board
of Directors. Mr. Jackson has an excellent geological and
exploration company business background which will be invaluable
going forward with the Company's projects."
About Finlay Minerals Ltd.
Finlay is a TSX Venture Exchange company focused on exploration
for base and precious metal deposits in northern British Columbia. The Company's properties
are:
- the Silver Hope Property which includes porphyry
copper-molybdenum mineralization discovered in 2010, along with
three silver-copper mineralized zones, in a contiguous trend with
the mined-out deposits of the former Equity Silver Mine (71 million
oz. silver, 185 million lbs. copper and 508,000 oz. gold;
Reference:
http://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001). The
Silver Hope Property surrounds the former Equity Silver Mine;
- the ATTY Property which is contiguous to the
north side of the Kemess East deposit and adjacent to the Kemess
Underground deposit of Centerra Gold Inc. and which was recently
optioned to Serengeti Resources (Finlay NR 01-18 dated
March 5, 2018), and
- the PIL Property, which is adjacent to Sable
Resource's Baker Mine, has nine known mineralized zones including
the recently discovered and expanded Pillar East gold-silver
structural system. The Company is focused on the discovery of
copper-gold-molybdenum porphyry systems on the PIL Property.
Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX
Venture Exchange. For further information and details please visit
the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown, P. Eng.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information: This news
release includes certain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of applicable Canadian securities
legislation. All statements in this news release that address
events or developments that we expect to occur in the future are
forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally,
although not always, identified by words such as "expect", "plan",
"anticipate", "project", "target", "potential", "schedule",
"forecast", "budget", "estimate", "intend" or "believe" and similar
expressions or their negative connotations, or that events or
conditions "will", "would", "may", "could", "should" or "might"
occur. All such forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made. Forward-looking statements in this news release include
statements regarding, among others, the exploration plans for the
Company's properties. Although Finlay believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploration
successes, and continued availability of capital and financing and
general economic, market or business conditions. These
forward-looking statements are based on a number of assumptions
including, among other things, assumptions regarding general
business and economic conditions, the timing and receipt of
regulatory and governmental approvals, the ability of Finlay and
other parties to satisfy stock exchange and other regulatory
requirements in a timely manner, the availability of financing for
Finlay's proposed transactions and programs on reasonable terms,
and the ability of third party service providers to deliver
services in a timely manner. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements. Finlay does not assume any
obligation to update or revise its forward-looking statements,
whether as a result of new information, future or otherwise, except
as required by applicable law.
SOURCE Finlay Minerals Ltd.