Untested Mineralisation at Cabin Lake Could Reshape FIN Resources’ 2026 Drilling Plans
FIN Resources Limited reveals significant unassayed mineralised intervals at its Cabin Lake Gold Project, setting the stage for a promising 2026 drilling campaign. The discovery of a continuous 15.75m unsampled core between known high-grade zones offers a low-cost opportunity to expand the resource.
- Identification of 15.75m unsampled mineralised core between high-grade zones
- Priority sampling underway on previously unassayed 2022 drillholes
- 3D geophysical data reprocessing to refine 2026 drill targets
- Strong First Nations and local community support secured
- Due diligence progressing with no material issues ahead of acquisition approval
Exploration Upside from Historical Core
FIN Resources Limited (ASX, FIN) has provided a detailed technical update on its Cabin Lake Gold Project in Canada’s Northwest Territories, highlighting the discovery of unassayed mineralised intervals within historical drill core. A recent site visit by Discovery Geologist Dr Solomon Buckman and Lead Geologist Gary Powell identified multiple 2022 drillholes containing visually compelling sulphide mineralisation that had never been sampled. Most notably, drillhole CL-21-21 contains a continuous 15.75-metre unsampled interval situated between four previously assayed high-grade zones, presenting a rare opportunity to potentially merge these into a broader continuous ore body.
Low-Cost Near-Term Catalysts Ahead of Drilling
FIN is currently prioritising sampling and assay work on these untested intervals, including holes CL-22-41 and CL-22-45, which exhibit sulphide-rich Bugow Iron Formation and quartz veining consistent with known gold-bearing zones. This approach leverages existing core to accelerate discovery without the immediate need for costly drilling, offering a cost-effective pathway to enhance the project’s value before the planned March-April 2026 drilling program.
Refining Targets with Advanced Geophysics
Complementing the core sampling, FIN has initiated a comprehensive reprocessing of magnetic and induced polarisation geophysical datasets to generate a new 3D inversion model. This model aims to map sulphide-rich units and structural controls more precisely, thereby sharpening drill targeting and increasing the likelihood of successful resource expansion during the upcoming drill campaign.
Community Engagement and Operational Readiness
Importantly, FIN has secured strong support from the Tłı̨chǫ Government and local stakeholders, reinforcing a solid community partnership framework. Local contractors and logistics providers have also expressed readiness for the 2026 field season, ensuring operational logistics are well advanced. The project benefits from secure tenure, existing permits, and a fully permitted, drill-ready status, positioning FIN well for a catalyst-rich period as it moves toward drilling.
Due Diligence and Acquisition Progress
Due diligence on FIN’s acquisition of the Cabin Lake Gold Project continues to progress smoothly, with no material issues identified to date. A shareholder meeting to approve the acquisition is scheduled for 30 December 2025, marking a key milestone in the company’s strategic growth plan. Historical drilling data, including high-grade intercepts such as 31.9m at 13.66 g/t gold, underpin the project’s significant exploration potential along a 15-kilometre strike of Bugow Iron Formation.
Bottom Line?
As FIN Resources advances sampling and geophysical analysis, the Cabin Lake Project stands poised for a transformative drilling season in 2026.
Questions in the middle?
- Will the pending assays confirm the continuity and grade of the unsampled 15.75m interval?
- How will the new 3D geophysical model influence final drill hole placement and depth?
- What impact will the shareholder approval have on FIN’s acquisition timeline and funding?
