Fin Resources (ASX:FIN) has commenced diamond drilling at its Cabin Lake Gold Project in Canada’s Northwest Territories.
The fully funded summer program comprises 15 planned drillholes across 14 priority targets identified through induced polarisation (IP) and magnetic surveys completed during the 2026 winter campaign.
Ten targets were generated from IP results and four from detailed magnetic interpretation. The drilling will test geophysical responses associated with the gold‑hosting Bugow Iron Formation.
Previous drilling at Cabin Lake has returned 26.1m @ 12 grams per tonne gold (Au) from 14.9m, including 5m @ 59.8g/t Au, and 7.8m @ 18.2g/t Au from 12.7m, including 4m @ 35g/t Au.
Chairman Bruce McFadzean says the company is applying knowledge from its winter campaign to search for further ‘high-grade’ gold mineralisation across the broader project.
“Fin has already delivered exceptional shallow gold intersections at Cabin Lake, including 26.1m at 12 g/t gold and 7.8m at 18.2 g/t gold,” McFadzean says.
“With drilling now underway across 14 priority targets, we are applying the geological and geophysical knowledge developed from our winter campaign to search for further high grade gold mineralisation across the broader project.”
Gold mineralisation at Arrow, Beaver, and Andrew South is associated with sulphides, principally pyrite and pyrrhotite.
The IP survey identified 10 chargeability anomalies that coincide with, or occur close to, historically mapped occurrences of the Bugow Iron Formation.
Magnetic interpretation identified areas of reduced magnetic response and structural complexity within the formation, considered prospective for ‘high‑grade’ mineralisation.
Fin Resources owns a 100% interest in the Cabin Lake Gold Project, located approximately 105km northwest of Yellowknife within the Archean Slave Craton.
Exploration is focused along approximately 15km of prospective Bugow Iron Formation strike.
Write to JC Villarba at Mining.com.au
Images: Fin Resources
