Finlay Minerals Ltd. - High grade silver-copper intersected at the Silver Hope Project, central British Columbia



    VANCOUVER, Sept. 10 /CNW/ - The Board of Directors of Finlay Minerals
Ltd. ("The Company") is pleased to announce the results for the final two
holes at the Silver Hope Property located in central British Columbia. The
phase No. 1 drill program has been completed with four holes drilled totaling
1,719.5 meters. Highlights include 9.35m (6.55m TW) intersecting 333g/t
silver, and 0.69% copper (including 4.0m (2.8m TW) intersecting 547g/t silver
and 1.06% copper) in SH07-02; 33.0m (23.31m true width (TW)) intersecting 9g/t
silver, and 0.34% copper in SH-07-01; and 3.8m (2.66m TW) intersecting 159g/t
silver and 1.09% copper in SH-07-04.
    The initial Phase 1 core drilling program was planned to test the deep
silver-copper breccia related mineralization, both for extent and continuity
in the Hope zone. Combined with core-drilling mineralized intersections of
past operators the Company has shown continuity of mineralized structures and
high grade silver-copper in the Hope zone. The Silver Hope mineralized
structural corridor is ~200 meters thick and has been traced with drilling for
2 kilometers. The induced polarization survey geophysical anomaly is
coincident with the mineralized corridor, an anomaly equally strong from north
to south.

    
                   Summary of Intersections, Silver Hope Property
    -------------------------------------------------------------------------
                                     Core     True
    Core Hole No.  From     To       Width    Width    Silver   Gold   Copper
    -------------------------------------------------------------------------
                   meters   meters   meters   meters   g/t      g/t    %
    -------------------------------------------------------------------------
    SH-07-01(xx)   255.90   264.35   7.45      5.22     48      0.07   0.34
    -------------------------------------------------------------------------
    SH-07-01(xxx)  348.00   350.00      2      1.40    145      0.03   0.17
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    SH-07-02(*)    187.00   220.30   33.3     23.31      9      0.03   0.34
    -------------------------------------------------------------------------
    SH-07-02(xx)   225.45   234.80   9.35      6.55    333      0.11   0.69
    -------------------------------------------------------------------------
    including
    -------------------------------------------------------------------------
    SH-07-02(xx)   226.80   230.80   4.00      2.80    547      0.11   1.06
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    SH-07-03(*)    120.00   175.50  55.50     38.85      1      0.07   0.16
    -------------------------------------------------------------------------
    SH-07-03       238.00   246.00   8.00      5.60     13      0.03   0.06
    -------------------------------------------------------------------------
    SH-07-03       311.50   315.50   4.00      2.80     19      0.02   0.10
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    SH-07-04(*)    175.50   204.00  28.50     19.95      3      0.02   0.23
    -------------------------------------------------------------------------
    SH-07-04(*)    238.00   270.00  32.00     22.40      8      0.03   0.20
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    SH-07-04(xx)   316.00   319.80   3.80      2.66    159      0.09   1.09
    -------------------------------------------------------------------------
    (*) Copper zone in dust tuff (unit 2).
    (xx) Upper silver-copper zone in dust tuff (unit 2).
    (xxx) Lower silver-copper zone in dust tuff (unit 2).


    The following sequence of rocks was noted in core-holes SK-07-01 to 04.
    1)  The uppermost unit (west) is interbedded ash to lapilli tuff, and
        sandstone to chert conglomerate. Mineralization includes 1%
        disseminated pyrite, trace to 1% of chalcopyrite, and trace amounts
        of tetrahedrite associated with veinlets of quartz carbonate, and
        geochemical anomalous copper and silver.
    2)  Mineralized dust tuff unit, with intense fracturing to brecciation
        with quartz-carbonate infill and associated seams of semi-massive
        pyrite with 3-5% tetrahedrite.
    3)  Further interbedded ash to lapilli tuff with minor chert pebble
        conglomerate unit, with minor fracture controlled quartz-carbonate
        veining with pyrite and trace tetrahedrite.
    4)  The deepest, and eastern unit, is an interbedded sequence of tuffs,
        argillite, and conglomerate showing variable bleaching with fracture
        controlled quartz-carbonate veinlets containing 1-3% pyrite and trace
        chalcopyrite.
    

    Core-hole SH-07-01 was drilled on a vertical section above core-hole
04SH-06 which intersected 637g/t silver and 4.1% copper over 2.4m (interpreted
mineralized dust tuff (unit 2)).
    Core-hole SH-07-02 was drilled 50m south of SH-07-01. A further 50m south
of SH-07-02, core hole X86CH-262 intersected 1030g/t silver and 0.91% copper
over 3.0m (interpreted mineralized dust tuff (unit 2)).
    SH-07-03 was drilled 50m north of SH-07-01 and intersected weak copper
and silver-copper mineralization in the copper and silver-copper.
    SH-07-04 was drilled below SH-07-02, intersected 159g/t silver and 1.09%
copper over 3.8 meters in the mineralized dust tuff. As such the 2007 drilling
has shown continuity of mineralization over beyond 100m strike length, with
core-holes SH-07-02, SH-07-04, 04SH-06, and X86CH-262 showing high grade
silver-copper mineralized intersections.
    The Silver Hope Property is contiguous with the southern boundary of the
past producing Equity Silver Mines Property (33,800,000 tonnes @ 0.4% copper,
64.7g/t silver, and 0.46g/t gold from open pit and underground mining) and
covers prospective stratigraphy for discovery of stratabound
copper-silver-gold mineralization. Prior workers conducted several drilling
programs along a 2 kilometer strike length of favourable geology that
partially outlined three near-surface bulk tonnage copper-silver zones with
deeper higher grade copper-silver zones. The zones, named Hope, Superstition
and Gaul by prior workers, occur along favourable structural horizons in
pyroclastic volcanic rock notable by fracturing and discrete breccias that
have been tested by approximately 40 holes.
    Further phase No. 2 exploration will include detailed drill definition of
the high grade Hope zone, extension of the geophysical surveying a further 2
kilometers south of the Gaul zone (southern most zone), and strategic drilling
of the Gaul and Superstition zones for high grade silver-copper zones.
Exploration on the Silver Hope property is viable year-round and will
continue, financing available, this autumn after the conclusion of the Pil
North property exploration program.
    Warner Gruenwald, P.Geo., and V.P. Exploration for the Company, is the
Qualified Person, as defined by National Instrument 43-101 and managed the
exploration program on the Silver Hope project. QA/QC included the insertion
of blanks and standards into the sample stream, saw cutting of core samples,
and secure handling of core. Drilling was contracted to Driftwood Diamond
Drilling of Smithers, B.C. Assaying was conducted by Assayers Canada of
Vancouver, B.C.

    Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture
Exchange. The Silver Hope property is part of a strategic move to expand the
Company's presence in B.C., and to complement the Company's Toodoggone
projects. Documentation about the Company and properties can be viewed on the
company's website at www.finlayminerals.com.

    On behalf of the Board of Directors,

    Robert Brown, P. Eng., President

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of this release.





For further information:

For further information: 912 - 510 West Hastings St., Vancouver, B.C.,
Canada, V6C 3B6, Telephone: (604) 684-3099, Fax: (604) 684-3098


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