Developing the Next Premier Metals Explorer

11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t at Allco

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Affinity Metals Corp. Profile

 

 

Why Affinity Metals? 

AFF - TSX:V

  • Affinity is  combining the advancement of strategic assets and following a Project Generator model to develop shareholder value
  • 11.10m of 143.29 g/t Silver at Allco showing on flagship Regal project in B.C.
  • Acquired Windfall North property that straddles the structural trend along strike to the northeast from Osisko’s rapidly growing Windfall Lake deposit.
  • Acquired the Carscallen Extension property in Ontario that borders Melkior's Discovery and is on trend
  • Ronni Stoeferle, Founding Affinity Advisory Board Member - Creator of “In Gold We Trust” Report

Portfolio:

  1. Windfall North Property - Quebec
  2. Carscallen Extension Property - Ontario
  3. West Timmins Gold Property - Ontario
  4. Regal Project - Revelstoke BC

1. Windfall North Property - Quebec

  • acquired through staking, Windfall North that adjoins Osisko's world class Windfall Lake project claim holdings.
  • located approximately 9 km NNE from Osisko's Windfall Lake project.
  • The Windfall fault is interpreted to continue northeast into Affinity's Windfall North claim holdings along strike
  • Affinity plans to drill Windfall North

2. Carscallen Extension Property - Ontario

  • Option agreement to earn up to a 100% interest
  • Immediately adjacent to the Melkior Resources- Kirkland Lake Gold Carscallen Project
    • Melkior closed a strategic partnership with KL in an option deal worth up to $110 million
  • Affinity's Carscallen Extension property consists of 47 claim units covering approximately 940 hectares. 

3. Affinity Metals Regal Property - Revelstoke BC

  • Regal Property includes
    • The Regal Silver mine
    • The Allco Silver mine 
    • The Snowflake mine 
  • 11.10m of 143.29 g/t Silver at Allco showing drilled in 2019
    • followed up in 2020 with 3000 metres drilled and awaiting assays
  • 2 major anomalies on property have yet to be drilled that havesimilar characteristics to Sullivan Mine

The Regal Project, BC:

Affinity Metals holds the 8800-hectare Regal Property just outside Revelstoke BC. The Property includes: 

Substantial known reserves associated with the historic mines exist on the property, with considerable expansion potential and high potential for discovery of additional high grade gold/silver/lead/zinc deposits. 

Extensive airborne geophysics survey at no cost to company of $400k outline potential major mineralized potential. Executed by Northaven Resources Corp. in 2011, Northaven was unable to conduct follow up exploration work on the property and forfeited the claims. 

  • VTEM survey clearly defines trend and correlation between neighbouring deposits as well as 4 very clearly defined target anomalies spanning considerable distance through Affinity ground.  
  • Two very large anomalies identified by the geophysics may be the core deposits associated with the surrounding mineralization existent on the Regal Property 
  • The Regal mine is the most developed with 6,700 meters of horizontal adits, cross-cuts and raises over ten levels in place which cover a vertical distance of approximately 305 meters from levels 1 to 10 
  • The company obtained a 5 Year Multi-Year-Area-Based (MYAB) exploration permit which includes approval for 51 drill sites.

A complete feasibility review of the Regal Silver Mine, includes; 

  • reserve report 
  • mine plan 
  • processing recommendations 
  • mill plan 

Developed in the 70’s to put Regal into production at $1.75 OZ Silver on a reserve of 590,000 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper (non 43-101 compliant)


  • Authors of study found the project to be economically viable and recommended production at that time
  • Located within Kootenay Arc and on trend with Huakan International Mining Inc’s J&L project located to the north, as well as past producing Goldstream and Mastodon mines 
  • Access from Hwy 1 near Revelstoke 
  • Main power line located in very close proximity 
  • Past producing mines on property may be potential indicators of a major mineralized system underneath the property 
  • 80-85% of shares outstanding held by management and close business associates 

Similar characteristics to Sullivan Mine that produced:  

  • 160 million tons of ore 
  • 8 million tons of lead, 7 million tons of zinc, and 285 million troy ounces of silver worth more than $20 billion  
  • 92 years of active production 
  • $20 Billion in metal; the Sullivan Mine closed in 2001 

New Silver Discovery of 11.10m of 143.29 g/t Silver has been followed up in 2020 with 3000 metres drilled and awaiting assays

 

Allco Silver Mine  

The Allco Silver Mine is situated 6.35 Kilometers north-westerly from the Snowflake/Regal Mine(s) but still part of the Affinity claim group. 

  • A significant new silver discovery was made in the ALLCO area with drill hole #2019-10 intersecting 11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t silver.  
  • This intersection also carried high grade zinc and lead with some copper. 
  • The Allco Silver Mine operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%). 
  • 2020 exploration program will target not only this new silver discovery but even more importantly, the two very large anomalies identified by the geophysics that may be the core deposits associated with all this surrounding mineralization