FIN Resources (ASX:FIN) has provided an update on the Cabin Lake Gold Project in the Northwest Territories, Canada, with preparations underway for the planned 1,500m maiden drill program.
The company has appointed Aurora Geosciences to manage the drill program. Aurora is an integrated geological and geophysical consulting company based out of Yellowknife, Canada, and have had previous involvement with the Cabin Lake project.
Initial work is set to commence in early February and will involve the preparation of a winter road for ground access, exploration camp, and setting drill pads.
FIN and Aurora are currently finalising the selection of drilling, safety, and logistics contractors as well, with mobilisation to site expected in late February 2026, with drilling set to start in March.
Director Jason Bontempo has said that the company is excited to be moving forward with its initial drill program so soon after the acquisition of Cabin Lake.
“Historic drilling has returned high-grade intercepts including 31.4m @ 13.8 grams per tonne gold from 17.5m in drillhole CL-20-08, highlighting strong potential for the delineating of a significant gold resource,” Bontempo says.
FIN is awaiting the results from the sampling and re-assaying program so that they can finalise their drill targets.
The company is also progressing toward the completion of the Cabin Lake Gold Project, with all due diligence now finalised and all legal documents between FIN and the vendor now agreed.
The mineral claim for the project has been transferred to FIN’s wholly owned subsidiary, FIN Resources (Canada). The company is awaiting assignment of the Land Use Permit.
FIN Resources is focused on the Cabin Lake Gold Project, which will deliver a fully permitted, drill-ready gold asset with near-surface exploration potential.
Write to Amy Rotman at Mining.com.au
Images: FIN Resources
