FINLAY MINERALS LTD. COMPLETES WINTER PROGRAM ON THE SILVER HOPE PROJECT

VANCOUVER, April 27 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the "Company") reports the completion of the winter drill program on the Silver Hope project in B.C.

The winter drill program was completed during mid-March to mid-April, 2011 and entailed the completion of 6 drill holes. Three holes were completed in the East Horizon Zone following up on a strong induced polarization geophysical anomaly and coincident soil anomaly. Three holes were drilled as in-fill into the recently discovered West Horizon Zone porphyry copper-molybdenum mineralization. Final assays results and data compilation will be released when available.

A core drilling program is being planned to commence in June at Silver Hope.  All permits are in place for this exploration work.  As several deep holes may be drilled to test the merging of the West and Main anomalies, a 15 kilometer deep induced polarization (IP) survey along 3 pre-existing east-west lines was completed by Peter Walcott & Associates. This deep IP work will be merged with earlier work from 2007/08 to allow geophysical assessment 500-600 meters vertically below surface.

About Finlay Minerals Ltd.
Finlay Minerals is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in central British Columbia. In addition to the company's flagship property, Silver Hope, the Pil and Atty projects are situated in the Toodoggone region, a mineral-rich area that is host to several copper-gold porphyry and epithermal gold-silver deposits. New discoveries on the Pil property include the Northwest Zone copper-molybdenum porphyry mineralization and the Atlas East/Pillar East epithermal gold-silver zones.

The Company has disclosed all material news to date.

On behalf of the Board of Directors,
Robert Brown, P. Eng.
President & C.E.O.

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 release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Finlay Minerals Ltd. ("Finlay") expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the placements and future exploration plans and expenditures. 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 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 for the transactions described herein, 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 events or otherwise, except as required by applicable law.

 

SOURCE Finlay Minerals Ltd.

For further information:

Corporate Information   
Finlay Minerals Ltd. 
John Barakso, Director 
Tel: (604) 684-3099 
www.finlayminerals.com 
Investor Inquiries
G2 Consultants Corporation
NA Toll-Free: (866) 742-9990
Tel: (604) 742-9990
info@g2consultants.com

 


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