FIN Resources Launches Major 2026 Drilling Campaign at Cabin Lake Targeting High-Grade Gold

Ambitious Summer Drilling Program Underway at Cabin Lake

FIN Resources Limited (ASX:FIN) has commenced an aggressive 2026 summer diamond drilling campaign at its 100% owned Cabin Lake Gold Project in Canada’s Northwest Territories. The program, fully funded and comprising 15 planned drillholes, targets 14 priority exploration zones identified through recent high-resolution induced polarisation (IP) and magnetic surveys combined with historical data. One of these targets will be tested with two holes, reflecting the company’s intent to thoroughly evaluate the most promising anomalies.

Building on High-Grade Intersections from Recent Drilling

Cabin Lake has already delivered impressive shallow gold intersections, including a standout 26.1 metres grading 12.0 g/t gold from 14.9 metres depth, which contained a high-grade 5.0 metres at 59.8 g/t gold (hole CL-26-001). Another hole (CL-26-002) returned 7.8 metres at 18.2 g/t gold, including 4.0 metres at 35.0 g/t gold. These results underpin FIN’s confidence as it applies its evolving geological and geophysical understanding to explore the broader project area for additional high-grade mineralisation.

Geophysical Surveys Highlight Sulphide-Associated Targets

The 14 priority targets stem from integrating the 2026 winter IP and magnetic surveys with historical drilling and geological models. Ten targets arise from chargeability anomalies in the IP survey, which may indicate disseminated sulphides such as pyrite and pyrrhotite; key hosts for gold mineralisation within the Bugow Iron Formation. The remaining four targets come from magnetic survey interpretations that reveal zones of reduced magnetism and structural complexity, potentially reflecting alteration or magnetite replacement by sulphides.

Gold mineralisation at Cabin Lake is structurally controlled and closely linked to sulphide-bearing banded iron formations. Petrographic analysis confirms sulphides are associated with structural deformation and magnetite alteration, reinforcing the rationale for targeting these geophysical signatures.

Drilling Strategy and Next Steps

Drilling is ongoing, with the company logging, photographing, and sampling core progressively. Final hole depths and the drilling sequence remain flexible to adapt to geological findings and field conditions. FIN also plans to expand the IP survey coverage to additional prospective areas, pending results from the current program.

Chairman Bruce McFadzean expressed optimism, stating the company’s goal is to build on its strong early results by identifying new material discoveries that could yield a commercially viable high-grade gold deposit. The first core samples are emerging, and assay results will be released progressively as they become available.

Strategic Location and Regional Significance

Located approximately 105 kilometres northwest of Yellowknife, Cabin Lake sits within the Archean Slave Craton, a well-known gold-producing region. The project covers about 15 kilometres of prospective Bugow Iron Formation strike, with multiple prospects such as Arrow, Beaver, and Andrew South already demonstrating significant mineralisation.

FIN’s engagement with the Tłı̨chǫ Government includes access agreements and support for field activities, reflecting a collaborative approach to exploration in the region.