Gold Finder Commences Fieldwork at Pipestone Bay Property in Ontario's Red Lake Gold District

Rhea-AI Summary

Gold Finder Resources (GLDFF) has initiated fieldwork at its wholly-owned Pipestone Bay property in Ontario's Red Lake Gold District. The property features two main areas of interest: the 991 Zone and Pipestone West Area. The 991 Zone shows high-grade gold mineralization up to 44.9 g/t Au in N-S quartz veins and low-grade gold with copper association in altered felsic volcanics. The Pipestone West Area contains gold mineralization up to 730 ppb in banded iron formation and copper grades up to 3.25% in altered mafic volcanics. The 2025 fieldwork will focus on prospecting and mapping the Pipestone West Area, particularly examining geological contact zones and folded iron formation. The property exhibits characteristics common to Red Lake Greenstone Belt gold deposits, including specific alterations, visible gold in quartz veins, and structural features.

Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce that fieldwork is underway at its 100%-owned Pipestone Bay property (the "Property") located approximately 32 kilometres west of the town of Red Lake (see area claim map).

Emerald Geological Services conducted a review of all historical exploration on the Property to determine areas where untested targets warrant further exploration.

Significant historical work has been conducted in two areas of the Property: the 991 Zone (also known as the NW Pipestone Bay Occurrence) in the eastern part of the Property, and the western part of the Property where there are two known gold occurrences (McIntosh Lake Iron Formation and Stupak-Dynes Group Occurrences). Figure 1 shows gold occurrences on the Property on a background of property geology (OGS Map 4594).

Figure 1

To view an enhanced version of this graphic, please visit:
https://goldfinderresources.com/images/Pipestone-Bay/Figure-1-PIpestone-June-2025.jpg

The 991 Zone

Previous work has shown that there are at least two styles of gold mineralization at the 991 Zone:

1) High-grade (up to 44.9 g/t Au) hosted in roughly N-S striking quartz veins (Figure 2).

2) Low-grade (in the low 100s of ppb) hosted in altered felsic volcanics which strike roughly east-west and dip north, with a copper association (including 0.23% Cu over 5.5 meters in drilling).

To date, only the low-grade gold mineralization has been tested by north-south drilling, which would not have adequately tested the north-south high-grade veins. The mineralized felsic unit hosting the veins remains open to the west-northwest and east-southeast beneath the lake, and IP suggests that mineralization may continue in either direction.

There is also potential for nickel and chromium mineralization in the ultramafic unit to the north, as indicated by 2019 grab samples which returned 0.21% Ni and 0.21% Cr.

Figure 2

To view an enhanced version of this graphic, please visit:
https://goldfinderresources.com/images/Pipestone-Bay/Figure-2-PIpestone-June-2025.jpg

Pipestone West Area

This area hosts both gold and copper mineralization. Anomalous gold (up to 730 ppb) has been discovered in banded iron formation, altered mafic volcanics, and quartz veins, with copper grades up to 3.25% also obtained in altered mafic volcanics.

The 2020 airborne magnetic survey suggests that the banded iron formations are strongly folded, with the most prospective area to date being the southwest limb of the fold close to a mafic/intermediate volcanic-felsic volcanic contact (Figure 3). Folded banded iron formations are excellent targets for gold exploration, as they represent structural and chemical traps for gold-bearing fluids.

The mafic-felsic volcanic contact may also be an important conduit for gold-bearing fluids. From past records, anomalous gold mineralization has been obtained over a trend of approximately 1 kilometre near this contact.

Figure 3

To view an enhanced version of this graphic, please visit:
https://goldfinderresources.com/images/Pipestone-Bay/Figure-3-PIpestone-June-2025.jpg

"The Pipestone Bay property shares many features common to gold deposits in the Red Lake Greenstone Belt, including silicification, sericite, biotite, and chlorite alteration, visible gold in quartz veins, D2 folding and crustal-scale structures," said Greg Lytle, President of Gold Finder. "The 2025 fieldwork will consist of prospecting and preliminary mapping of the Pipestone West Area, focusing on geological contact zones and folded iron formation."

Coleman Robertson, P. Geo, a qualified person as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.

About Gold Finder Resources Ltd.

Gold Finder is a mineral exploration company focused on discovery-stage properties. Our goal is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.

For more information, you can visit our website at goldfinderresources.com, download our investor presentation, and follow us on X at https://x.com/GoldFinderRes.

ON BEHALF OF THE BOARD,

Signed "Gregory Lytle"

Gregory Lytle, President
Gold Finder Resources Ltd.
Direct line: (604) 839-6946
Email: info@goldfinderresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9

Forward-Looking Statements

This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256031

FAQ

What are the main gold mineralization zones at Gold Finder's Pipestone Bay property?

The property has two main zones: the 991 Zone with high-grade gold up to 44.9 g/t Au in quartz veins and low-grade gold with copper, and the Pipestone West Area with gold up to 730 ppb in banded iron formation and copper grades up to 3.25%.

Where is Gold Finder's (GLDFF) Pipestone Bay property located?

The Pipestone Bay property is located approximately 32 kilometers west of the town of Red Lake in Ontario's Red Lake Gold District.

What is the focus of Gold Finder's (GLDFF) 2025 fieldwork program?

The 2025 fieldwork will concentrate on prospecting and preliminary mapping of the Pipestone West Area, specifically focusing on geological contact zones and folded iron formation.

What geological features make Gold Finder's Pipestone Bay property promising for gold deposits?

The property shares features common to Red Lake Greenstone Belt gold deposits, including silicification, sericite, biotite, and chlorite alteration, visible gold in quartz veins, D2 folding and crustal-scale structures.