FinEx Metals completes Phase I drilling at Kero Gold, Finland
(TheNewswire)
Vancouver, British Columbia, September 3, 2026 – TheNewswire - FinEx Metals Ltd. (TSX-V: FINX) (“FinEx” or the “Company”) is pleased to announce the completion of a diamond drill program and Top-of-Bedrock and Bottom-of-Till (ToB/BoT) sampling campaign at its 100%-owned, royalty-free Kero gold project (“Kero” or the “Project”) in northern Finland. Kero is located approximately 15 km southeast of Agnico Eagle’s Kittilä gold mine, Europe’s largest primary gold mine and 20 km northwest of the multi-million-ounce Ikkari gold deposit, now owned by Agnico Eagle following its acquisition of Rupert Resources Ltd.
Highlights:
-
Drilling Completed at Kero: A total of 2,001 metres of diamond core drilling was completed across 10 holes at Target A and Target C. These targets were described in detail in the FinEx news release dated July 22, 2026.
-
Drill core is currently being logged with samples to be sent to ALS Laboratories for analyses.
-
Top-of-Bedrock / Bottom-of-Till Sampling: A total of 694 bedrock and soil samples were collected across three priority targets within the northern part of the Kero licence area with the objective to define new drill targets.
-
District-Scale Setting: Kero is strategically located in the Central Lapland Greenstone Belt, between Agnico Eagle’s Kittilä mine and the Ikkari deposit, two major gold systems in one of Europe’s most important gold districts.
Tero Kosonen, Chairman and CEO of FinEx, states: “We are pleased to successfully complete our Phase I program at Kero, highlighted by 2,001 metres of diamond drilling and 694 bedrock and till samples collected. This work strengthens our footprint in one of Europe's most exciting gold districts and positions us well for future programs. I want to thank our Finnish field team and our service providers for the outstanding work carried out on this summer's drilling program. The program was completed safely, on schedule, and within budget, reflecting the professionalism and technical expertise of everyone involved.”
Click Image To View Full Size
Figure 1. Diamond drilling on Kero project.
Kero Exploration Program:
Diamond drilling – 2,001 metres completed
The diamond drilling program was comprised of ten drill holes totalling 2,001 metres from two priority targets (A and C, Figure 2). The holes tested continuations of historical gold intersections and geophysical-structural exploration targets previously described in the Company’s news release dated July 22, 2026.
-
Target Area A: Six drill holes totalling 1,114 metres and ranging between 120 and 251 metres in length were completed to follow-up and expand the historical mineralization discovered by the Geological Survey of Finland (“GTK”). Following reinterpretation of historical geological data, FinEx applied different azimuths to the drill holes to better constrain and test the prospective zone at depth and along strike. Hydrothermally altered volcanic rocks, intercalated with sulfidic graphitic shales, cherts and orogenic quartz veins were intersected within the target.
Historical GTK results include trenching which returned 6.2 m grading 7.5 g/t Au, and historical drill hole M372105R402 which returned 9.05 m grading 1.95 g/t Au from 142.5 m downhole, including 1.05 m grading 12.6 g/t Au (Figure 3).
-
Target Area C: Target C is located approximately 1,000 metres south from Target A and is a prominent structural break in the bedrock as interpreted from magnetic and electromagnetic geophysical data. FinEx tested Target C with four drill holes broadly perpendicular to the structure (Figure 2). Deeply weathered, sheared and hydrothermally altered bedrock was identified in all three drill holes KER26D005, 006 and 007. Drill hole KER26D008 tested the same WSW trending magnetic break from another angle. Altogether, 887 metres of diamond drilling was completed on Target C.
Bedrock and Bottom-of-Till Drilling – 694 samples collected
As the Kero project area is almost entirely covered by 2 to 5 metres of glacial till, reaching up to 13 metres in places, a shallow top-of-bedrock and bottom-of-till drilling program was carried out over areas considered prospective for orogenic gold. A total of 694 samples were collected.
Bedrock and till samples were collected at 30-metre intervals along 150 metre spaced sample lines across targets in the northern part of the Kero licence area. Drilling was carried out using a Base-of-Till drilling rig, which collects in situ samples from the interface between the glacial till and the underlying bedrock.
Samples were collected in pairs at each sampling point, comprising a bedrock sample and a till sample taken 0.5–1.0 metre above the bedrock. The deeper bedrock samples provide direct lithological information, while the shallower till samples provide information on broader geochemical anomalies in gold and associated pathfinder elements.
Click Image To View Full Size
Figure 2. Map of the Kero project area showing 2026 drill hole collars and ToB / BoT sampling locations over a magnetic RTP TMI image.
Click Image To View Full Size
Figure 3. Kero project tenement map showing selected historical GTK drill intervals and channel sample results. Map includes data from the GTK and the Finnish Safety and Chemicals Agency (“TUKES”).
Click Image To View Full Size
Figure 4. FinEx team examining core at Kero
About the Kero Project:
The Kero project is 100%-owned by FinEx and is located in the Central Lapland Greenstone Belt of northern Finland, within the same district as Agnico Eagle’s Kittilä gold mine and the Ikkari deposit. Pursuant to a news release dated February 5, 2026, the Company announced that an exploration licence was granted for Kero. Further information regarding the geological setting and historical work completed on Kero can be found in that news release on the FinEx website and at www.sedarplus.ca.
About FinEx Metals Ltd.:
FinEx Metals Ltd. (TSX-V: FINX) is a gold, nickel and PGE-focused mineral exploration company advancing a portfolio of 100%-owned, royalty-free projects in northern Finland, strategically located in the Central Lapland and Eastern Lapland Greenstone Belts. FinEx's projects are located near existing mining operations and benefit from strong infrastructure, a stable jurisdiction and a proven exploration model, supporting multiple exploration targets in one of Europe's most prospective and underexplored regions. For more information, please visit the Company's website at http://www.finexmetals.net
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
References:
Hulkki, H., Salmirinne, H., Karinen, T., Nykänen, V. and Sarala P., 2010: The Petäjäselkä Gold Project. Geological Survey of Finland Report M19/3721/2010/62, 46 pp.
Qualified Person and Data Verification:
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a Qualified Person (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent of the Company because he is a contractor and shareholder of the Company.
The historical exploration data including drill results and channel sampling referenced in this release was generated by the GTK and has not been independently verified by FinEx Metals; such data should not be relied upon as current and does not conform to the requirements of NI 43-101. The Company's work programs include drilling, data verification and confirmatory sampling to support future NI 43-101 compliant disclosure.
Reported drill intercepts are considered down-hole core lengths and the true widths of the mineralized zones are not known. The proximity of Kero to the Kittilä mine and Ikkari deposit does not imply that similar mineralization or results will be obtained at Kero. Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
|
On behalf of the Board of Directors: Tero Kosonen Chairman and Chief Executive Officer +1 (604) 681-9100 tero@finexmetals.net |
For further information, please contact: Brennan Zerb Investor Relations Manager +1 (778) 867-5016 brennan@nqcapitalgroup.com |
FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the drilling and sampling program at the Kero project, the Company's revised structural interpretation and drill targeting, the anticipated results and interpretation of the program, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
Copyright (c) 2026 TheNewswire - All rights reserved.
TheNewsWire
News by QuoteMedia - http://www.quotemedia.com
Copyright (c) 2026 QuoteMedia, Inc.