7.84m at 18.2 g/t Au Intersected in Second Arrow Drillhole

Shallow High-Grade Gold Intersected at Arrow Prospect

FIN Resources Limited (ASX:FIN) has reported a standout 7.84-metre intercept grading 18.2 grams per tonne gold from just 12.66 metres downhole at its Arrow Prospect within the Cabin Lake Gold Project in Canada’s Northwest Territories. The second drillhole of the 2026 program, CL-26-002, confirmed a broad, shallow sulphide-hosted gold system within the Bugow Iron Formation (BIF), with multiple assays exceeding 10 g/t Au, including a remarkable 50.8 g/t over 0.5 metres.

This result complements the maiden hole CL-26-001, which intersected 26.12 metres at 12.0 g/t Au, reinforcing the continuity and scale potential of the mineralised system. The broad zones of mineralisation occur immediately beneath shallow glacial cover, a feature that could simplify future resource development. The sulphide mineralisation is associated with quartz veining and strong alteration, suggesting a structurally controlled hydrothermal system.

Geophysical Integration Enhances Exploration Precision

Alongside drilling, FIN has completed a comprehensive winter geophysics campaign incorporating surface and downhole Induced Polarisation (IP) surveys and high-resolution ground magnetics. These datasets are being integrated with geological and drilling information to refine targeting of higher-grade zones and extensions of the mineralised system.

The geophysical work has revealed that sulphide-rich zones generate strong chargeability responses, while magnetite destruction produces demagnetised BIF targets. This dual signature provides a powerful vector towards prospective gold mineralisation and supports the company’s geological model of a structurally controlled sulphide replacement system. Such integration is critical for prioritising drill targets along the 15-kilometre mineralised corridor at Cabin Lake.

Ongoing Drilling at Beaver and Andrew South Prospects

Drilling is progressing beyond Arrow, with three holes completed at Beaver and two at Andrew South. Visual logging has identified encouraging sulphide mineralisation and alteration consistent with the broader system. Assay results for these holes are awaited, expected in the coming weeks, and will be pivotal in assessing the lateral and depth extensions of the gold system.

Beaver drillholes CL-26-004 and CL-26-005 await assays, while CL-26-006 samples have recently been submitted. Andrew South drillholes CL-26-007 and CL-26-008 cores have been relocated for processing. The company’s approach to systematically integrating drilling with geophysics follows the promising early results from the Arrow prospect and builds on the earlier broad high-grade gold intercepts confirmed in April.

Winter Campaign Concludes Ahead of Summer Program

The winter drilling and geophysical program has now wrapped up successfully, with all personnel demobilised safely. FIN plans to focus on data integration and interpretation in preparation for a more extensive summer exploration campaign. This next phase aims to expand drilling along strike and at depth, testing the structural controls and continuity of mineralisation indicated by the recent results and geophysical signatures.

Chairman Bruce McFadzean highlighted that the Arrow results are not isolated but part of a broader sulphide-hosted gold system. The company’s confidence in the continuity and potential scale of the system has been materially strengthened, positioning FIN well for upcoming exploration milestones. The integration of geological, drilling, and geophysical datasets is central to refining the targeting models across Cabin Lake’s mineralised corridor, a strategy that echoes the approach used in the broad high-grade gold system confirmation earlier this year.