(Source: Affinity Metals)
Vancouver-based
Affinity Metals Corp. (TSX-V: AFF, OTCBB: ARIZF, Forum) just reported the discovery of new high-
grade Silver Slam zone at their flagship property with drill intersections of:
- 0.90 m of 1,468 g/t silver (2,354 g/t AgEq)
- 4.54 m of 304.12 silver (499.91 g/t AgEq)
With additional samples that indicate a silver-gold strike length well over a kilometre:
- 5.68 g/t gold with 4410 g/t silver
- 6.28 g/t gold, 1040 g/t silver (1873.90 AgEq)
- 3,380 g/t silver, 2.12% zinc and >20% lead
With gold prices over $1,900 (USD) / oz and silver nearly $30 (USD) / oz this should be exciting news for value based commodities investors.
Advancing its flagship Regal property, Affinity Metals, a Canadian precious metal explorer
, released results from the fall 2020 exploration program on June 3rd, 2021. For Affinity shareholders and management, these results were long anticipated after the company endured long assay processing times and sample contamination at the lab that was outside of their control. These delays now have provided investors a very compelling opportunity with the company’s current market cap looking like a bargain at just over $6 million dollars.
Located approximately 35 km northeast of Revelstoke, British Columbia, the Regal project hosts 3 past producing mines, a pre NI43-101 resource and two successful exploration campaigns over the past 2 seasons. Affinity holds a five-year Multi-Year-Area-Based (MYAB) exploration permit for the Regal which includes approval for 51 drill sites.
A new gold-bearing strata-bound massive sulphide replacement horizon has been discovered in the newly identified Silver Slam zone with intersections of 0.90 metres of 1,468 g/t silver (2,354 g/t AgEq), within 4.54 metres of 304.12 g/t silver (499.91 g/t AgEq) with gold values up to 1.285 g/t.
Drill intersections combined with surface sampling in 2019 & 2020 show a potential strike length extending well over a kilometer and includes two of the historical Allco adits.
Sampling within the zone includes:
- 6.28 g/t gold with 1040 g/t silver
- 5.68 g/t gold with 4410 g/t silver
- 3.14 g/t gold with 3700 g/t silver
- 3340 g/t silver (4025.55 AgEq)
- 1870 g/t silver with 1.85 g/t gold
- 3530 g/t silver with 1.57 g/t gold
- 3380 g/t silver (4032.62 AgEq)
Drill intersections within the zone include:
- 499.91 g/t AgEq over 4.54m
- 2354.01 g/t AgEq over .90m
- 433.30 g/t AgEq over 2.24m
- 1733.18 g/t AgEq over .42m
These assay results also show the potential for gold mineralization on the Regal property in the vicinity of the historical Allco workings.
(Source: Affinity Metals. Link to image click here.)
The sulphide mineralization and the structural and lithological setting shows encouraging similarities to the Rokmaster Resources (TSX.V: RKR) Revel Ridge project located 7 km along strike to the northwest. Of particular significance, a new surface sample in the northwest portion of the Regal property, approximately 5 km south of the Revel Ridge deposit, revealed an exciting gold-silver discovery, which assayed 5.16 g/t gold and 17.25 g/t silver.
Drilling also expanded the 2019 high grade silver, lead, zinc Silver Stoke vein system. That discovery was highlighted by 2019 drill hole #10 intersecting 11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t silver. The 2020 drilling also provided further valuable insight as to the orientation of this system at depth.
In a media release on this news for investors, Affinity’s Chief Executive Officer Rob Edwards explained that after a long overdue wait, these results validate what the team has been anticipating for the past six months.
In a follow up interview with StockHouse, CEO Rob Edwards made the following comments when asked about the direction of the company moving forward:
“It is an exciting time here for our company and we are very happy to start planning for follow up exploration. We made significant progress identifying silver and gold bearing structures at the Silver Slam, as well as identifying a new gold showing in the northwest that merit more work. We are currently working with our geology team to confirm targets for future exploration and drill programs, but I can give you some insights into what we are looking to accomplish.
First off, we need to follow up on the newly discovered Silver Slam zone, which we successfully intercepted in all 6 holes. The system is open in both directions along strike and at depth with drilling thus far indicating it may thicken to the northwest.
We are now more confident than ever to make correlations to Rokmaster’s deposit to the north. So, our second priority will be looking to put together an exploration program to follow up on the new gold showing in the northwest. Being in closer proximity to Rokmaster, and the setting we are looking at, the scale of mineralization in that region has the potential to be significant.”
The blue sky for this company is immense. It may just be a matter of time for this explorer, as they are in the early stages of putting together the pieces of this expansive land package.
(Source: Affinity Metals. Link to image click here.)
(Spot silver price chart – June 2020 to June 2021. Click to enlarge.)
(Spot gold price chart – June 2020 to June 2021. Click to enlarge.)
This is major news for Affinity Metals and investors would be wise to take note. With gold and silver prices continuing to rise, this Company is set up to excel in the future market and serves as a compelling investment opportunity for both the seasoned investor, and newcomers to the industry.
(Source: Affinity Metals) link to image click here).
To find out more about this Company, visit
affinitymetals.ca.
FULL DISCLOSURE: Affinity Metals Corp. is a client of Stockhouse Publishing.