Finlay announces expanded 2026 PIL Drill Program with increase to 4,400 meters
Finlay expands its PIL drill program to 4,400m with assays pending and execution confirmed.
Finlay Minerals Ltd. has expanded its 2026 drill program at the PIL Property by 1,600 meters, bringing the total planned program to 4,400 meters. The additional drilling is fully funded by Freeport-McMoRan Mineral Properties Canada Inc. under the PIL Earn-In Agreement, which is currently in Year 2 of a six-year term.
Three drill holes have been completed, totaling 2,300 meters, at the Gold and Reef targets, with a fourth hole collared at Reef. Assay results are pending QA/QC review. Geophysical and sampling work continues at the PIL and ATTY properties, with IP surveys and soil sampling nearing completion for the year.
Finlay Minerals Ltd. (FYL) has confirmed management’s May 13, 2026 announcement of a $3.5 million, 2,800-meter drill program. Freeport’s decision to expand the program by 1,600 meters demonstrates active funding and confidence in the PIL targets. The stock price is unlikely to react significantly until actual drill results are released, as the expansion merely extends the timeline for data generation rather than altering the fundamental valuation or risk profile.
Finlay Minerals Ltd. (FYL) is an exploration-stage junior focused on copper, gold, and silver properties in northern British Columbia. Its flagship assets include the PIL and ATTY properties in the Toodoggone District, both of which are subject to earn-in agreements with Freeport-McMoRan. The PIL property hosts multiple porphyry Cu-Au targets, including Reef, PIL South, and Gold, which were identified through 2025 IP and geochemical surveys. Meanwhile, the SAY property in the Driftwood Corridor has yielded high-grade copper-silver surface samples, with assays reaching up to 15.3% Cu and 532 g/t Ag. The company is currently in the target generation and drilling phase, with no production or economic studies completed.