FIN Resources has completed the acquisition of the Cabin Lake Gold Project in Canada’s Northwest Territories, securing key permits and preparing for a fully funded drilling campaign starting in March 2026.
- Land Use Permit formally assigned to FIN’s Canadian subsidiary
- Acquisition of Cabin Lake Gold Project now complete
- 1,500 metre diamond drilling program planned for March-April 2026
- A$3.75 million capital raising provides funding certainty
- Expanded geophysical surveys and technical calibration underway
Acquisition Milestone Achieved
FIN Resources Limited (ASX: FIN) has reached a significant milestone with the formal assignment of the Land Use Permit for the Cabin Lake Gold Project in Canada’s Northwest Territories. This regulatory approval from the Wek’èezhìı Land and Water Board marks the final condition precedent for the company’s acquisition of the project, now held entirely by its Canadian subsidiary, Fin Resources (Canada) Ltd.
By consolidating both tenure and operational permits under its direct control, FIN has streamlined governance and reduced execution risks ahead of its upcoming exploration activities. The permit authorises mineral exploration including drilling, clearing the way for the company’s planned 1,500 metre diamond drilling program scheduled to commence in March 2026.
Fully Funded Exploration Campaign
The drilling program follows a recent A$3.75 million capital raising, which provides FIN with the financial certainty to execute its exploration plans without delay. Camp infrastructure is already under construction onsite, signalling operational readiness and a smooth transition from acquisition to active exploration.
FIN’s technical team has refined drill targets through integrated geological reviews, 3D modelling, and reinterpretation of historical data. This approach prioritises high-confidence zones within the Bugow Iron Formation, a known host for high-grade gold mineralisation, including the standout Arrow Zone which previously returned impressive intercepts.
Enhanced Geophysical Techniques to Boost Targeting
In addition to drilling, FIN is expanding its geophysical survey coverage with induced polarisation and electromagnetic methods, both at surface and downhole. These techniques, combined with petrophysical and bulk density measurements, aim to calibrate geophysical responses and improve drill targeting efficiency. This integrated approach is designed to reduce ambiguity and increase the chances of identifying economically viable mineralisation.
Strategic Position in a Tier-1 Jurisdiction
The Cabin Lake Gold Project benefits from its location in a Tier-1 mining jurisdiction with established infrastructure and strong local partnerships, including an access agreement with the Tłı̨chǫ Government. Situated approximately 60 kilometres southeast of the NICO mine development and 105 kilometres northwest of Yellowknife, the project offers significant exploration upside along a 15-kilometre strike of prospective geology.
FIN’s acquisition strategy and methodical approach to exploration position the company well to unlock value from this high-potential asset. The coming months will be critical as drilling results start to flow and the project’s resource potential becomes clearer.
Bottom Line?
With regulatory hurdles cleared and funding secured, FIN Resources is poised to turn exploration potential into tangible results at Cabin Lake.
Questions in the middle?
- What initial assay results will the March drilling program deliver?
- How will expanded geophysics influence ongoing exploration targeting?
- What are the next steps for resource definition following drilling?