VANCOUVER, March 29, 2012 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the "Company") reports an agreement to retain Pointer IR (Justin Schroenn) of Vancouver, BC, to provide investor relations services. Pointer IR will assist the Company in expanding its profile and conveying the Company's key messages to the investment community. Secondly, Rick Dauphinee has been appointed as a new independent director to the Company. Lastly, Geotech Ltd. has completed and reported upon an airborne ZTEM and magnetic geophysical survey completed over the Silver Hope Property.
Under the terms of the agreement, the Company has retained Pointer IR for a twelve-month period effective March 1, 2012 and expiring February 28, 2013, subject to a 30-day termination notice. Pointer IR will be paid up to $2,500 per month plus approved expenses for selected services. Justin Schroenn, principal of Pointer IR and Finlay Minerals Ltd. are at arm's length. The agreement is subject to TSX-V Exchange approval.
Rick T. Dauphinee, B.Sc, CA has been appointed as an independent director of Finlay Minerals. Rick is a recently retired (December 31, 2011) Chartered Accountant after 32 years of public practice, 28 years as partner recently of Rick Dauphinee Ltd., Chartered Accountant and previously a long time and founding partner of Watson Dauphinee & Masuch, Chartered Accountants in Vancouver. Finlay Mineral's Board of Directors and Management welcomes Rick to the Board along with his business and corporate guidance.
Geotech Ltd. has completed and reported upon 467 km of airborne ZTEM and magnetic geophysical surveys over the Silver Hope Property. The ZTEM survey was flown to look at deep resistivity features and potential association with buried porphyry (copper, molybdenum, gold and silver) systems. The data is being further processed and integrated with the ground induced polarization geophysical survey data, and drill hole geology.
Ultimately, Finlay is interested in modeling the geological features of the Silver Hope Property to target further mineralized zones, be they deep or shallow silver-copper replacement or porphyry related.
A summer exploration program is being planned to include detailed geological and structural mapping, with follow-up trenching, and depending on the geophysical compilation, deep drilling.
About Finlay Minerals Ltd
Finlay Minerals is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. The company's flagship property, Silver Hope, 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 Mines (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold).
On behalf of the Board of Directors,
Robert Brown, P. Eng.
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.
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