(TheNewswire)
Vancouver, British Columbia TheNewswire – July 21, 2025 : FinEx Metals Ltd. (TSX-V: FINX) (‘FinEx’ or the ‘Company’ ) is pleased to provide an update on exploration activities at its flagship Ruoppa project, situated adjacent Agnico Eagle’s Kittilä mine land position and in proximity to Rupert Resources’ Ikkari discovery in the Central Lapland Greenstone Belt in northern Finland . The Company’s 2025 field season is focused on expanding the structural and geochemical understanding of the Ruoppa area through high-resolution magnetics, surface sampling, Top of Bedrock (ToB) drilling, trenching and diamond core drilling scheduled to commence in early August.
Exploration Highlights
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Drone Magnetic Survey Completed: ~140 km² of high-resolution aeromagnetic survey was flown to assist with geological interpretation and targeting;
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Soil Sampling Program Underway: ~500 samples will be collected across priority areas northeast of Ruoppa;
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Top-of-Bedrock Drilling Initiated: ~500 ToB samples will be collected with the goal of expanding and infilling the gold-in-soil anomaly at Ruoppa East;
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Trenching Program Underway: ~1,200 metres will be excavated to better understand geological structure, veining and lithological contacts; and
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Diamond Drilling Planned: a 2,500-metre inaugural diamond drill program is scheduled to commence on the Ruoppa East target in early August 2025 testing the zone of quartz veining that returned high-grade gold values from trenches dug in 2024.
Tero Kosonen, Chairman and CEO of the Company, states: ‘With our listing on the TSX Venture Exchange successfully completed, we are rapidly advancing the various exploration targets on the Ruoppa project with an aeromagnetic survey, geochemical sampling and trenching. The upcoming drill program marks a pivotal next step as we aim to translate that groundwork into discovery. This is a high-conviction exploration campaign and the team is working hard to execute a program designed to unlock the project’s potential.’
High-Resolution Drone Magnetic Survey Completed
FinEx recently completed a 3,080-line kilometre high-resolution drone magnetic survey covering approximately 140 square kilometres and the entirety of the Ruoppa gold project. The survey was flown with 50-metre line spacing and approximately 40 metres above ground level.
This high-resolution magnetic dataset provides for detailed interpretation of geological structures including shear zones, faults and major lithological contacts which are typical controls on gold mineralization in the Central Lapland Greenstone Belt and other greenstone belts worldwide.
Structural Lineament Interpretation in Progress
Building on the newly acquired drone magnetic data, FinEx is refining its regional structural interpretation to improve its understanding of the controls on mineralization. This work will be ongoing throughout July and August 2025.
Soil Sampling Survey Advancing
A regional geochemical soil sampling program is underway across priority areas northeast of the Ruoppa project area with the goal of identifying new areas of mineralisation.
Approximately 500 samples are planned for this program. The results will be used in conjunction with the geophysical interpretation to develop additional drill targets.
ToB Drill Program Underway
In early July, FinEx commenced a ToB drill campaign focusing on extending and infilling the known gold-in-soil anomaly at Ruoppa East, specifically targeting extensions to the east and south. Additionally, the program will be used to generate new targets to the north of the Ruoppa East target (Figure 1).
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Figure 1. Ruoppa Gold Project ToB drilling and East Target locations.
Up to 500 ToB samples are planned in total. These programs are a cost-effective method of targeting geologically prospective ground beneath a veneer of glacial till cover that remains untested by prior surface work or drilling (Figure 2). This ToB sampling methodology is widely used in Finland and has been used to make several discoveries including Ruppert Resources’ Ikkari deposit located approximately 53 km southeast of the Ruoppa project.
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Figure 2. Ongoing ToB (Top-of-Bedrock) sampling at the Ruoppa Gold Project.
Trenching Program Underway
In July, FinEx initiated a trenching campaign at Ruoppa East aimed at extending the principal target zone westward and southwestward. The program is designed to provide structural and lithological context, including information on vein continuity, geological contacts and structural orientations beneath the veneer of glacial till cover.
Approximately 1,200 metres of trenching is currently being completed (Figures 3 and 4). Geological mapping and systematic sampling of the trenches are underway and will continue through mid-August. Channel sampling and/or continuous rock chip sampling will be conducted to support detailed geochemical and structural interpretation.
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Figure 3. Newly excavated trench at the Ruoppa East target area.
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Figure 4. Trench sampling at Ruoppa East.
Diamond Drill Campaign
FinEx is preparing to initiate its inaugural diamond drill program at the Ruoppa project, with drilling anticipated to commence in early August. The campaign will comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and ToB drilling. Drilling will specifically focus on the Ruoppa East area which returned a series of high-grade gold targets that intermittently extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 m.
This program marks a pivotal step in evaluating the potential of mineralized trends identified at surface and advancing the Ruoppa project through systematic, technically-driven exploration.
For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at www.sedarplus.ca .
Stock Option Grant
The Company has granted 2,030,000 incentive stock options (the ‘Options’) to directors, officers, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.30 for a five-year term. 1,780,000 Options vest immediately and 250,000 Options will vest in 12 months. The Options are subject to the acceptance of the TSX Venture Exchange.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company’s flagship Ruoppa project adjoins Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.
For more information, please visit the Company’s website at www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
tero@finexmetals.net
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@nqcapitalgroup.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as ‘pro forma’, ‘plans’, ‘expects’, ‘may’, ‘should’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading ‘Risk Factors’ in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
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