Categories: Precious Metals
Topics: Gold Stocks

FinEx Metals (TSX-V: FINX)(OTC: FNXMF) CEO Tero Kosonen on Gold Discovery Drilling in Top Tier Jurisdiction

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of FinEx Metals (TSX-V: FINX)(OTC: FNXMF), Mr. Tero Kosonen. And Tero, great to have you back on.

Sir, gold is at $5,000, Silver's at $82. Both seem to be headed higher. You had some drill results here over the last several months that definitely show a gold system and definitely provided evidence of that and lots of smoke. But we didn't get the fire that the market always likes, and both you and I know that exploration can take time.

But I wanted to have you on because you had some news recently on an exploration license for a district-scale project. And I think the market is discounting the fact that you have, one, over a kilometer-plus of strike to still test on the drilling that you just did; but outside of that, you also have several projects in the portfolio, including this one here.

So I would love for you just to provide an overview on why you think there's a lot of value there. Because you're dirt cheap. You're at a $7 million market cap with $5,000 gold, and I don't think that's going to last very long.

Tero Kosonen: Absolutely. Well, thank you, Gerardo. Thanks for having me and for this opportunity.

You're absolutely right. It's dirt cheap. And the gold is flying, as you just mentioned, and there's a lot of good sentiment in the market, but for some reason, FinEx is one of those discount ones right now. And you and me as investors and less speculators, like those discounted ones, right? So I just was watching the markets during a couple of trading days. So here we are.

Anyway, so let's get started with what you mentioned about our first gold project called Ruoppa. And that's where we actually did the first initial drill program late last year. So about 2,500 meters in this drill program. But then again, I mean, it was definitely a technical success much more than a commercial based on the market reaction. And as you mentioned, market players are not always patient, and that's what is required definitely, you know, with exploration. 

Having said that, yeah, 10 out of 14 holes intersected gold. We just tested first samples about 2.7 kilometers indicating an east-west trend. So there is definitely a gold system there. We have now much, much better understanding on the structural controls and vein orientation. So definitely helped us identify several new targets. And yeah, what we're going to be doing is we're going to be on top of the additional exploration work such as soil sampling and bedrock drilling and trenching, we are planning to do a phase two drill program; most likely in the second quarter, which is probably going to be May.

So there are catalysts coming on and we still have big faith in Ruoppa and the gold system that was identified. We just need to be chasing for those more dense veins in that system.

And then, yeah, secondly, you mentioned the news from last week was regarding Kero Gold project. It's a very interesting, now fully permitted, 100% owned gold property in a strategic location. We've kind of been between Kittilä mine by Agnico Eagle and then Rupert's Ikkari discovery. So we are about 15 kilometers southeast of the Kittilä mine and about 20 kilometers northwest of Ikkari discovered by Rupert Resources. So it's a great location; same greestone belt. Very similar kind of rocks in the previous gold endowment identified by the Finnish geological survey, the GTK.

So between 2002 and 2009, they drilled about almost eight kilometers in there. So some very interesting gold intercepts including some high grade intersections. And they did just very, very shallow reading, about 80 meters in average. So we are now analyzing and reinterpreting a bunch of big geological data from there and aiming to be drilling a bit deeper holes there during the second half. Most likely that's going to be August.

So you can see there's much kind of immediate kind of catalyst for the upcoming months with FinEx. So we need to be active if we want to keep drilling.

Gerardo Del Real: No, listen, I think you hit the nail on the head there. You have to be active in this market, right?

And look, the market is richly, richly rewarding discoveries. You have multiple shots on goal with district scale projects, again, at a $7 million market cap with upcoming catalysts, drill programs, multiple projects, and one of the better technical teams in the region. I am excited for 2026.

Anything to add to that, Tero?

Tero Kosonen: Well, basically you put it very, very well there, I mean, summarizing all these things, the opportunities, where we are right now.

I would just want to add one more project that we have. It's also fully permitted, very different. It's a critical raw materials project in Eastern Lapland Greenstone Belt. It's fully 100% owned, no royalties in there. There's been previous work done and intercepted by GTK, the geological survey. They did nickel, pretty good numbers. PG, platinum, palladium. Our additional work has also identified potential cobalt and copper in that one.

So we are looking for a partner. As you know, our group of companies, for example, Headwater Gold and Inflection Resources, we want to do kind of a hybrid model, which means that some projects are partnered with the major, while some of the projects we want to keep 100% by ourselves and do our own drilling. So that's something actively we are looking for a partner and advancing also that project in 2026.

But yeah, to summarize, we are operating in great jurisdictions in very strategic locations, you know, 100% owned, fully permitted properties, a portfolio of properties, a great local team, you know, strong boots on the ground. And then what's important, many, many catalysts to come; as you said, multiple shots on goal. And we are cheap.

Gerardo Del Real: The name of the game is buy low, sell high, folks. This is the low part for FinEx, I suspect.

Tero, thank you so much for coming on. I appreciate the time, and looking forward to having you back on as the news flow and the catalyst continues to materialize. Thanks again.

Tero Kosonen: Thank you, Gerardo. Appreciate this. Bye.

Click here to see more from FinEx Metals