# FIN: Cabin Lake Step Out Program Extends Gold Search Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150016 Publisher: asx Original announcement: 2026-10-07T22:52:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T23:15:28.728Z Atlas analysis updated: 2026-10-07T23:15:28.728Z - Company: FIN Resources Limited - Ticker: FIN - Exchange: ASX - Region: Canada's Northwest Territories - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Other, Drill results - Extracted: 2026-10-07 23:15:29 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary FIN Resources Limited has completed a 1,149m diamond drilling program across nine holes at its Cabin Lake Gold Project in Canada's Northwest Territories. Initial geological logging identified sulphide-bearing iron formation in newly drilled areas, which expands the prospective footprint for gold mineralization. All drill core has been sampled, and assay results are pending to determine the gold potential. Reasoning: FIN Resources has completed an exploration drilling program at Cabin Lake, which successfully identified sulphide-bearing iron formation in new areas, expanding the potential gold footprint. However, the lack of assay results means the economic impact is still uncertain, and true widths are not yet determined. - Positive factor: Completion of a step-out drilling program at Cabin Lake Gold Project. - Positive factor: Initial geological logging identified sulphide-bearing iron formation in newly drilled areas, broadening the prospective footprint for gold. - Positive factor: Potential for multiple prospective iron-formation horizons within the broader metasedimentary package. - Positive factor: QA/QC procedures are disclosed in the JORC Table 1. - Negative factor: Assay results are pending, so the economic significance of the geological observations is not yet known. - Negative factor: True widths of mineralisation are not yet fully known, as the geometry is not fully constrained. - Negative factor: The program is early-stage target-testing and not sufficient to establish geological or grade continuity for Mineral Resource estimation. Facts used in scoring: 10 ## Classification and evidence **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: The announcement explicitly states 'CABIN LAKE STEP OUT PROGRAM EXTENDS GOLD SEARCH' and describes the campaign as a 'major step-out diamond drilling program' testing targets 'beyond the established Arrow, Andrew, Beaver and Camp prospect areas'. Evidence · text > CABIN LAKE STEP OUT PROGRAM EXTENDS GOLD SEARCH **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The document includes a detailed JORC Code Table 1 report outlining sampling techniques, drilling techniques, sample recovery, logging, sub-sampling, verification, location of data points, sample security, and quality control procedures including standards, blanks, duplicates, and external laboratory checks. Evidence · text > JORC Code, 2012 Edition - Table 1 Report **Apparent Width Only** Polarity: negative Story-specific tag Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document states that 'true widths of mineralisation are not yet fully known' due to the early-stage nature of the program and limited drilling. Evidence · text > true widths of mineralisation are not yet fully known **Assays Pending** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The announcement repeatedly states that 'Assays are pending' and 'No analytical results are reported in this announcement', indicating that the gold potential is yet to be determined. Evidence · text > Assays are pending. FIN is undertaking comprehensive sampling of the drill core to assess the gold potential **Exploration Drilling** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The program is described as a 'step-out program' and 'early-stage target-testing program' designed to test 'priority exploration target areas' and 'broaden the prospective footprint'. Evidence · text > CABIN LAKE STEP OUT PROGRAM EXTENDS GOLD SEARCH ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### CL-26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-1) Cabin Lake #### Identity - Hole ID: CL-26-009 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 153 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 559132 - Northing: 7005852 - CRS: NAD83 UTM Zone 11N - Elevation: 180 m - Azimuth: 49 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-009 Context: 153 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-010 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-2) Cabin Lake #### Identity - Hole ID: CL-26-010 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 210 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 558625 - Northing: 7006132 - CRS: NAD83 UTM Zone 11N - Elevation: 182 m - Azimuth: 250 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-010 Context: 210 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-011 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-3) Cabin Lake #### Identity - Hole ID: CL-26-011 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 108 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 558451 - Northing: 7006046 - CRS: NAD83 UTM Zone 11N - Elevation: 180 m - Azimuth: 45 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-011 Context: 108 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-012 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-4) Cabin Lake #### Identity - Hole ID: CL-26-012 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 102 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 558572 - Northing: 7005652 - CRS: NAD83 UTM Zone 11N - Elevation: 178 m - Azimuth: 45 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-012 Context: 102 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-013 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-5) Cabin Lake #### Identity - Hole ID: CL-26-013 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 102 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 558903 - Northing: 7006396 - CRS: NAD83 UTM Zone 11N - Elevation: 191 m - Azimuth: 225 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-013 Context: 102 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-014 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-6) Cabin Lake #### Identity - Hole ID: CL-26-014 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 135 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 559022 - Northing: 7006208 - CRS: NAD83 UTM Zone 11N - Elevation: 189 m - Azimuth: 190 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-014 Context: 135 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-015 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-7) Cabin Lake #### Identity - Hole ID: CL-26-015 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 99 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 559135 - Northing: 7005980 - CRS: NAD83 UTM Zone 11N - Elevation: 183 m - Azimuth: 225 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-015 Context: 99 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-016 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-8) Cabin Lake #### Identity - Hole ID: CL-26-016 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 93 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 558345 - Northing: 7006445 - CRS: NAD83 UTM Zone 11N - Elevation: 188 m - Azimuth: 45 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-016 Context: 93 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ### CL-26-017 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-cabin-lake-step-out-program-extends-gold-search--0fd39afb-6851-442f-a1af-daa1e30e12ea#fact-drill-facts-9) Cabin Lake #### Identity - Hole ID: CL-26-017 - Project: Cabin Lake - Region: canada - Reported Region: canada - Ticker: FIN #### Geometry - Hole Depth: 147 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 558335 - Northing: 7006435 - CRS: NAD83 UTM Zone 11N - Elevation: 187 m - Azimuth: 280 ° - Dip: -55 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Collar information for a completed exploration hole is provided, but without assay results, its significance is limited. - Positive factor: Drillhole collar information is provided, indicating a completed hole. - Negative factor: No assay results are available for this hole. Evidence · table > CL-26-017 Context: 147 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Project includes: • Gold mineralisation identified within the Bugow Iron Formation across multiple prospects • Appro" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.