en.Wedoany.com Reported - FinEx Metals Ltd. (TSX-V: FINX) has announced the commencement of its summer exploration program at the wholly-owned Kero gold project in northern Finland. The project is located approximately 15 kilometers southeast of Agnico Eagle's Kittilä gold mine, Europe's largest primary gold mine, and about 20 kilometers northwest of Rupert Resources' multi-million-ounce Ikkari gold discovery, within the Central Lapland Greenstone Belt.
Historical sampling has delineated a 1.2-kilometer-long intermittent gold mineralization zone on the project. The best historical drill intercept, completed by the Geological Survey of Finland (GTK) in 2006, returned 9.05 meters at 1.95 grams per tonne gold from a depth of 142.5 meters, including 1.05 meters at 12.6 grams per tonne gold (drill hole M372105R402). Additionally, historical trench sampling (trench M372106U6) yielded 6.2 meters at 7.5 grams per tonne gold, including 1 meter at 16.4 grams per tonne gold and 1 meter at 25.6 grams per tonne gold. FinEx noted that these historical drill holes were generally shallow, averaging only 82 meters in depth, and most were oriented sub-optimally, potentially failing to best test the main gold-bearing structures.
Company President and CEO Tero Kosonen stated that the Kero project provides the company access to a high-prospectivity gold system in one of Europe's most significant emerging gold districts. The 2026 summer exploration program will employ a modern, systematic approach, including different drill orientations and additional bedrock sampling. The program includes approximately 2,000 meters of diamond drilling and 600 basal till/bedrock top samples. Exploration activities specifically cover four main drill targets: Target A plans two short drill holes to verify the true orientation of mineralization in the GTK trench, plus three additional holes, one targeting the area of the highest historical gold intercept (drill hole M372105R402: 9.05 meters at 1.95 g/t gold from 142.5 meters depth), and the remaining two testing lateral continuity of the gold-bearing structure at approximately 250-meter step-outs; Target B plans two 150-meter-deep drill holes targeting multiple gold intercepts in historical GTK holes (e.g., 1.00 meter at 2.37 g/t gold in drill hole M372105R399) and associated As-Bi-Sb-Te indicator element assemblages; Target C plans three 200-meter drill holes targeting a 300-meter-wide WSW-trending fault within a NNE-trending magnetic anomaly that has never been tested before; Target D plans two 200-meter-deep drill holes targeting areas where historical shallow reconnaissance drill holes (average depth 68 meters) were poorly oriented, with historical intercepts including 1.00 meter at 1.63 g/t gold in drill hole M372103R331.
Figure 1 shows a map of the Kero project area, including selected historical GTK drill intervals and rock sample highlights, with data from GTK and the Finnish Safety and Chemicals Agency (TUKES). Figure 2 displays the locations of historical high-grade gold drill intercepts, planned 2026 summer exploration drill targets A-D, basal till/bedrock top sampling test areas, and magnetic geophysical data.
FinEx has reviewed and reinterpreted historical drilling, geophysical, and geochemical data. Historical work completed by GTK between 2002 and 2009 includes geological mapping, geophysical surveys (magnetic, electromagnetic, IP, SP, gravity, VLF-R, and AMT), till and bedrock geochemical sampling, trenching, heavy mineral studies, and approximately 8 kilometers of diamond drilling. The company has integrated these data to target potential high-grade gold-bearing structural zones. The scientific and technical information in this news release has been reviewed and approved by Dr. Petri Peltonen (MAusIMM(CP), EurGeol), a qualified person who is a contractor and shareholder of the company. The company's planned work program includes data verification and confirmatory sampling.
In terms of investor relations, the company has had an investor relations arrangement with Magna Capital Oy, based in Espoo, Finland, since January 1, 2025, with a monthly fee of 500 euros effective January 1, 2026. The contact person at Magna Capital is Juho Järvelä. FinEx Metals Ltd. is part of the NewQuest Capital Group and focuses on gold, nickel, and platinum group element exploration in northern Finland. The reference source is GTK Report M19/3721/2010/62 (Hulkki et al., 2010).
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