Canada markets closed

Affinity Metals Corp. (AFF.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.2800-0.0150 (-5.08%)
At close: 10:25AM EDT
Sign in to post a message.
  • M
    Malik
    Affinity Metals Provides Update on Regal Project Exploration Program
    Newsfile
    Newsfile Corp.
    NewsfileNovember 5, 2019Comment
    Vancouver, British Columbia--(Newsfile Corp. - November 5, 2019) - Affinity Metals Corp. (TSXV: AFF) ("Affinity") ("the Corporation") is pleased to report that it has now completed the drilling portion of the 2019 Regal exploration program at the Regal property located in the northern end of the prolific Kootenay Arc approximately 35 km northeast of Revelstoke, British Columbia, Canada.

    A total of 1,846 meters of diamond drilling was completed with 21 holes being drilled. The drilling was divided over two target areas with 10 holes allocated to testing one of the phyllite/limestone contacts in the ALLCO area and 11 preliminary confirmation holes designed to test the historic 1971 resource (pre NI43-101 and therefore not compliant) reported for the Regal/Snowflake mines.

    The core is now being logged along with sampling and splitting in preparation for assaying. Core samples will be sent to MSA Laboratories in Langley, BC for assaying and assay results will be reported once received.

    Robert Edwards, CEO of Affinity stated: "We are extremely pleased that the weather allowed us to get into the Regal property for as long as we did and to complete the drill program as planned. Thanks to MoreCore Diamond Drilling, our geological team and the efforts of our CFO/Exploration Manager, Mr. Blaney, in getting the job done as efficiently as possible given all the challenges mother nature can throw at you. At the end of it all, we are very encouraged by what we saw in the core and look forward to receiving assays back in due course."

    As previously reported, the Corporation recently received assay results for all 22 rock samples collected in September 2019 from the Black Jacket and ALLCO areas of the property. Of the 22 grab samples collected from surface outcrops, the majority contained bonanza grade silver, zinc, and lead with many samples reaching assay over-limits. Further assaying of over-limits has been initiated and those results will be reported in the future. Results for all 22 samples are presented in the table below.

    Sample Number Sample Type Silver
    g/t Copper
    % Zinc
    % Lead
    % Gold
    g/t
    ALC19CR01 grab 0 .035 0 0 0
    ALC19CR02 grab 1300 .415 18.20 >20.0 0.70
    ALC19CR03 grab 120 .232 .034 .984 0.02
    ALC19CR04 grab 131 .089 .026 .102 2.66
    ALC10CR05 grab 16.7 .295 .060 .013 0.09
    ALC19CR06 grab 74.9 .144 >30.00 .059 0.28
    ALC19CR07 grab 10.05 .310 .086 .029 0.04
    ALC19CR08 grab 1870 .495 24.5 >20.0 1.85
    ALC19CR09 grab 88.1 .077 >30.00 >1.88 0.08
    ALC19CR10 grab 1545 .178 26.7 >20.0 0.68
    ALC19CR11 grab 2360 .366 16.80 >20.0 0.11
    ALC19CR12 grab 3700 .624 1.645 >20.0 3.14
    ALC19CR13 grab 964 .716 17.30 >17.5 0.11
    ALC19CR14 grab 3530 .350 1.945 >20.0 1.57
    ALC19CR15 grab 3670 .026 1.895 >20.0 0.33
    ALC19CR16 grab 1790 .107 5.28 >20.0 0.37
    ALC19CR17 grab 751 .069 6.45 >18.05 0.45
    ALC19CR18 grab 1065 .718 .178 .514 0.10
    ALC19CR19 grab 2510 .299 5.58 >20.0 0.06
    ALC19CR20 grab 4410 2.27 26.40 >20.0 5.68
    ALC19CR21 grab 47.5 .177 .048 .092 1.78
    ALC19CR22 grab 87.7 .095 .011 .047 4.79


    Property History & Background

    The Regal Project hosts several past producing small-scale historic mines including the Regal Silver. The property also hosts numerous promising mineral occurrences. From the historic records it appears that most, and perhaps all, of the known mineralized showings/zones have not been previously drilled using modern diamond drilling methods.

    Snowflake and Regal Silver (Stannex/Woolsey) Mines

    The Snowflake and Regal Silver mines were two former producing mines that operated intermittently during the period 1936-1953. The last significant work on the property took place from 1967-1970, when Stannex Minerals completed 2,450 meters of underground development work and a feasibility study, but did not restart mining operations. In 1982, reported reserves were 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten (Minfile No. 082N 004 - Prospectus, Gunsteel Resources Inc., April 29, 1986). It should be noted that the above resource and grades, although believed to be reliable, were prepared prior to the adoption of NI43-101 and are not compliant with current standards set out therein for calculating mineral resources or reserves.

    ALLCO Silver Mine

    The ALLCO Silver Mine is situated 6.35 Kilometers northwest of the above described Snowflake/Regal Mine(s). 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%).

    Airborne Geophysics to Guide Future Exploration

    An extensive airborne geophysics survey conducted by Geotech Ltd of Aurora, Ontario, for Northaven Resources Corp. in 2011, identified four well defined high potential linear targets correlating w
  • M
    Malik
    “Collaboration between universities and industry is critical to fully leverage the opportunities offered by 5G,” Dr. Gail Murphy, vice-president, research and innovation, UBC said in a press release.

    In October 2019, UBC students were among the first Canadians to work with a live 5G network at a hackathon organized by Rogers. Students spent two days using the Rogers 5G smart campus network to collaborate on how 5G will advance augmented reality (AR), virtual reality (VR) and gaming applications. During the event, students also used edge computing infrastructure provided by MobiledgeX to write code and test their application developments in real-time.

    The recently announced research projects that will be carried out using the 5G network on campus include an earthquake and tsunami detection technology that leverages machine learning and the low latency of 5G sensors to provide an early warning of an earthquake to help people take preventative measures and stay safe.

    Other examples include digital mining technology aimed at making the operations of mines safer and enhancing sustainability through autonomous trucks and predictive truck maintenance, and 5G Mobility as a Service (MaaS), a mobile platform that is aimed at bringing together transit, bike rental, car sharing, car rental, and other transportation modes so consumers can easily get the best on-demand transportation options.

    “Our government is committed to further strengthening B.C.’s tech and innovation sector and supporting the training needs of tomorrow’s workforce,” said Bruce Ralston, Minister of Jobs, Trade, and Technology, Government of British Columbia. “5G brings enormous opportunity for our province and the students who experience this hands-on training. We are excited to see what applications they develop during their time at UBC.”
  • M
    Malik
    So far all is good.
  • M
    Malik
    Great start in February!