PIL PROPERTY The 2016 Discovery of an Alkali Porphyry Copper-Silver - - PowerPoint PPT Presentation

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PIL PROPERTY The 2016 Discovery of an Alkali Porphyry Copper-Silver - - PowerPoint PPT Presentation

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PIL PROPERTY The 2016 Discovery of an Alkali Porphyry Copper-Silver System Presentation for KEG 2017 TSX-V: FYL | finlayminerals.com Forward-Looking Information This presentation includes certain statements that may be deemed

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TSX-V: FYL | finlayminerals.com

PIL PROPERTY

The 2016 Discovery of an Alkali Porphyry Copper-Silver System

Presentation for KEG 2017

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TSX-V: FYL | finlayminerals.com

Forward-Looking Information

This presentation includes certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Finlay Minerals Ltd. ("Finlay") expects to occur, are forward-looking statements. Forward-looking statements in this presentation include statements regarding the placements and future exploration plans and

  • expenditures. Although Finlay believes the expectations expressed in such forward-looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based

  • n a number of assumptions including, among other things, assumptions regarding general business and economic

conditions, the timing and receipt of regulatory and governmental approvals for the transactions described herein, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

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PIL PROPERTY

Property Location

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PIL PROPERTY

Management Team

4 JOHN J. BARAKSO, M.SC. Chairman of the Board and Director

  • Mr. Barakso has a Masters degree in Geochemistry from the University of British Columbia and has 50 years of experience in grassroots exploration

in British Columbia. He is a co-finder of the Kemess, Equity Silver, Huckleberry and Alice Arm Molybdenum deposits while working as Geochemist with Kennco Explorations (Western) Ltd. and Chief Geochemist for Anaconda American Brass. He was also the founder of Min-En Laboratories, Electrum Resource Corporation, Barakso Consultants and Finlay Minerals Ltd.

  • Mr. Barakso has worldwide experience in the conceptualization and discovery of ore deposits and has authored and co-authored 27 published

scientific papers. ROBERT F. BROWN, P. ENG. President, CEO and Director

  • Mr. Brown is a Professional Engineer with a degree in Engineering Geology from Queen’s University. His 40 years of experience in the mining

industry includes 15 years with Lac Minerals Canada, and culminating in the position of VP Exploration for 12 years with Great Panther Silver Ltd.

  • verseeing and directing exploration efforts at three mines sites and various exploration projects.
  • Mr. Brown has also held senior management positions in the junior mining sector working on projects throughout the Americas, Eastern Europe and

Indonesia, primarily with porphyry copper and epithermal gold deposits. WARNER GRUENWALD, P. GEO. Vice President, Exploration and Director

  • Mr. Gruenwald has a Bachelor of Science degree in Geology from the University of British Columbia and has 35 years of exploration experience

ranging from grassroots to advanced stage exploration programs focused on precious and base metals.

  • Mr. Gruenwald has operated as an independent consultant since 1985 and is the president of Geoquest Consulting Ltd. He is a Qualified Person

(QP) as defined by National Instrument 43-101. JAMES W.F. TUTTON, B.COMM. CFO and Director

  • Mr. Tutton holds a Bachelor of Commerce degree from the University of British Columbia and has over 35 years of experience in mining and public

company administration. Mr. Tutton has worked as a business consultant and self-employed businessman and he is the President of Worldcorp Lands Ltd.

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PIL PROPERTY

Management Team

5 RICHARD T. DAUPHINEE, B.SC. Independent Director

  • Mr. Dauphinee is a retired Chartered Accountant after 32 years of public practice; for 28 years he was a partner of Rick Dauphinee Ltd.,

Chartered Accountants and previously, he was a founding partner of Watson Dauphinee & Masuch, Chartered Accountants in Vancouver. DAVID A. SCHWARTZ, B. COMM., J.D. Secretary and Director

  • Mr. Schwartz has Bachelor of Commerce and Juris Doctor degrees from the University of British Columbia. He is a retired Barrister, Solicitor,

Arbitrator and Notary with over 40 years experience in corporate and securities law predominantly with junior natural resource companies. PETER F. TEGART, B.SC. Independent Director

  • Mr. Tegart has a Bachelor of Science degree in Geology from the University of British Columbia and has over 45 years of experience as a

geologist and mining executive. He has served as Western Manager for Serem Ltd. and Vice President, Exploration for Cheni Gold Mines.

  • Mr. Tegart has also been in charge of exploration, feasibility and production for the Moris Mine in Mexico formerly in production by Hochschilds
  • f Peru. He was additionally responsible for resource definition and feasibility of the Lawyers Gold mine in BC and the acquisition of Manhattan

Mineral’s Tambo Grande Project in Peru. Mr. Tegart served as President and CEO for Frontier Pacific Mining Corporation which was acquired by Eldorado Gold in 2009. He continues to be involved with several junior mining companies including Finlay Minerals Ltd.

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PIL PROPERTY

Finlay Minerals History

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  • Early 1960’s: John Barakso takes an interest in the Toodoggone area with the co-

finding of Kemess and further decades of work in the area.

  • The Pil and Atty claims were staked in the 1990’s by John, and rolled into Finlay

Minerals in 1999

  • Soil sampling, and IP surveys completed 1999-2003
  • 2003 Finlay goes public
  • 2004-2007 drilling of various targets including NW, Silver Ridge, Pil South, and

Atlas East zones

  • 2008-2014 dormant
  • 2015-2016 discovery of Pillar East zones including Copper Cliff alkalic clan

monzonite porphyry Cu-Ag occurrence and a epithermal Au-Ag breccia.

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PIL PROPERTY

Why alkaline porphyry Copper deposits?

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  • Expertise & background of Management and Directors.
  • Economically significant bulk tonnage targets with 5 alkaline porphyry Cu-

Au-Ag deposits presently in production in BC, including in remote locations

  • Significant producers of metals to attract the attention of junior exploration to

senior mining companies

2016 Production from B.C. Alkaline Porphyry Deposits* Company Deposit M lbs Cu

  • z Au
  • z Ag

Tonnes milled / Day Copper Mountain Mining Copper Mtn.

83 30,800 291,900 38,900

Newgold Inc. New Afton

87.3 98,098 ~17,000

Imperial Metals Corporation Mt. Polley

25.3 46,444 90,125 18,200

Centerra Gold Inc.

  • Mt. Milligan

58.5 204,542 55,000

Imperial Metals Corporation Red Mtn.

83.6 47,088 190,624 26,371

*2016 Production figures from Company news releases.

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PIL PROPERTY

Geological Setting

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  • Stikine and Quesnel volcanic arc

terranes are coeval, Late Permian to Early Jurassic age, and part of the Intermontane belt

  • Both the Stikine and Quesnel

terranes are known to host valuable calc-alkaline to alkaline porphyry style Cu-Mo-Au-Ag

  • ccurrences and mines
  • Pil and Atty properties are in the

Toodoggone River area of the Stikine terrane

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PIL PROPERTY

Toodoggone Area Geology and Occurrences

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  • Oldest rocks are Permian Asitka

Group volcanics and sediments unconformably overlain by

  • Late Triassic Takla Group mafic

volcanics and sediments, unconformably overlain by

  • Hazelton Group intermediate to felsic

volcanic rocks (Toodoggone Formation of Lower Jurassic age)

  • Coeval with the Hazelton Group are

QM to GD intrusive rocks of the Black Lake intrusive suite, a NNW trending 60km long pluton that hosts porphyry style mineralization.

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PIL PROPERTY

Pil Project Geology and Occurrences

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1999 to 2007

  • NW Zone: Cu-Mo porphyry occurrence of 400 by 400m, best

hole PN04-09 intersected approximately 300 metres of mineralization with a 168 metre interval grading 0.09% copper (Cu) and 0.004% molybdenum (Mo). Mineralization is associated with silicified, variably quartz veined and brecciated quartz diorite and monzonite.

  • Atlas East Zone: 500m zone of epithermal Au-Ag, discovery hole

A06-05 had 1.05m @ 13.35g/t Au and 158g/t Ag in a 8.4m zone averaging 2.18g/t Au and 28g/t Ag.

  • Silver Ridge Zone: 2km long structural zone with associated Ag,

Zn, W.

  • South Zone: Quartz veins with chalcopyrite, magnetite, hematite

in propylitically altered Takla Frm volcanics and sediments.

  • 2007 panned gold from creeks in the Pillar East area
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PIL PROPERTY

Pil Project Geology and Occurrences

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2015-2016

  • Pillar East Zone: In 2015 discovered Au-Ag NNE
  • riented quartz breccia epithermal system; and

Cu-Ag in scree slope volcanic tuffs

  • In 2016 discovered alkalic clan monzonite

porphyry with significant Cu-Ag values above and south of mineralized tuffs from 2015

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PIL PROPERTY

Toodoggone Airborne Geophysics (OF2004-8)

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PIL PROPERTY

Pillar East Panorama

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Pillar East Area - View looking West

WG15-04 1.27% Cu

x x x x

WG15-05 1.67% Cu 16 WG15-06 0.99% Cu WG15-03 8.30 g/t Au Au

Trend of Au, Ag Epithermal Zone

x WG15-07

1.15% Cu

020°

Copper Cliff Bedrock Discovery Black Lake Intrusive

W16R-27 to 38

x

Gold panned in stream

Copper in volcanic talus

WG15-01 2.83 g/t Au AuAu

x x

W16R-10 (15 m talus) 1.25 g/t Au

Upper Toodoggone Rocks Lower Toodoggone Rocks

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PIL PROPERTY

Pillar East and Atlas East Geochemistry - Cu

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Pillar East and Atlas East Geochemistry - Ag

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Pillar East and Atlas East Geochemistry - Au

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PIL PROPERTY

Pillar East Panorama

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Pillar East Area - View looking West

WG15-04 1.27% Cu

x x x x

WG15-05 1.67% Cu 16 WG15-06 0.99% Cu WG15-03 8.30 g/t Au Au

Trend of Au, Ag Epithermal Zone

x WG15-07

1.15% Cu

020°

Copper Cliff Bedrock Discovery Black Lake Intrusive

W16R-27 to 38

x

Gold panned in stream

Copper in volcanic talus

WG15-01 2.83 g/t Au AuAu

x x

W16R-10 (15 m talus) 1.25 g/t Au

Upper Toodoggone Rocks Lower Toodoggone Rocks

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PIL PROPERTY

  • Photo on RIGHT is WG15-05 (1.67% Cu, 3.2g/t

Ag)

  • Photo BELOW is WG15-04 (original sample)

from base of scree slope (1.27% Cu, 33.8g/t Ag)

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2015 Copper Cliff scree slope tuffs

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PIL PROPERTY

Detail of Copper Cliff Discovery Sampling in 2016

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Photo Looking Southeast over Copper Cliff Zone

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PIL PROPERTY

  • Photo on RIGHT is W16R-30 (0.64% Cu &

11.9g/t Ag) non gossanous monzonite porphyry, and location of petrographic sample

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2015 Copper Cliff scree slope tuffs

TSX-V: FYL | finlayminerals.com

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PIL PROPERTY

  • Rock Type*: Hypabyssal feldspar ±biotite porphyry of about monzonite composition
  • Alteration*: Assemblage of alkali feldspar (albeit albitic), minor quartz, chlorite (after

biotite?), hematite (after magnetite?), apatite, rutile and sericite, associated with the chalcopyrite-trace bornite (rare pyrite) mineralization, is strongly suggestive of an alkaline clan porphyry copper (high Cu/low Fe) setting

  • Mineralization*: Stockwork of chalcopyrite-minor bornite-pyrite veinlets associated with

quartz, albitic alkali feldspar, plus local apatite and traces of chlorite (after biotite?) suggesting alkaline porphyry copper type mineralization in low Fe/high Cu system. Minor

  • xidation is to hematite/limonite and malachite.
  • * Petrographic description by Craig H.B. Leitch, Ph.D., P. Eng.

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Petrographic Description

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Petrographic Photographs

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Petrographic Photographs

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PIL PROPERTY

  • 2016 discovery of a Hypabyssal low Fe/ high Cu monzonite porphyry (alkali

affinity) is hosted by lower Toodoggone Formation (Metsantan Member) which itself has associated disseminated copper mineralization

  • Coincidental (?) association with a 1 by 2km K/Th airborne geophysical

survey anomaly, two epithermal Au-Ag occurrences (Atlas East and Pillar East), and a breccia dyke with clasts containing copper mineralization

  • Potential deep seated alkalic porphyry Cu-Ag system underlying the K/Th

anomaly

  • Concept for 2017 exploration includes detailed geology & alteration

mapping, prospecting, an IP geophysical survey, and potentially drilling

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Closing Remarks and Recommendations

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604.684.3099 info@finlayminerals.com

Robert F. Brown, P. Eng.

President & CEO

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