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Affinity Metals $AFF.ca Commences Field Exploration and Drill Program on Regal Gold and Silver Project $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 9:08 AM on Friday, August 14th, 2020
  • Exploration program will focus on several key areas of the property and will consist of further geological mapping and associated geochemical sampling
  • 2,000 meters of diamond drilling.

Vancouver, British Columbia–(Newsfile Corp. – August 14, 2020) – Affinity Metals Corp. (TSXV:AFF)”) (“Affinity”) (“the Corporation”) is pleased to announce that it has commenced the 2020 field exploration program at its flagship Regal Project encompassing 8,800 hectares of the northern end of the prolific Kootenay Arc approximately 25 km northeast of Revelstoke, British Columbia, Canada.

The exploration program will focus on several key areas of the property and will consist of further geological mapping and associated geochemical sampling as well as up to 2,000 meters of diamond drilling. The initial program may be expanded depending on ongoing prospecting and sampling being conducted in previously unexplored areas of the property.

Allco – Silver Discovery

The drilling in the Allco area is designed to test part of a large, several kilometer long northwest-southeast fault/contact that separates limestones from argillites. Previous 2019 prospecting and surface sampling in the vicinity of several past producing historic adits resulted in the discovery of several high grade silver and gold surface outcrops. Drilling in this same area last fall resulted in a significant new silver discovery being made with drill hole #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. Mineralized intersections within the drill core consisted mostly of argentiferous galena, sphalerite and tetrahedrite hosted within quartz veins and breccias.

The Allco portion of the 2020 exploration program will focus on expanding the hole #10 silver discovery through step out drill holes and detailed surface mapping and will also attempt to test the continuity of the mineralized structure further along the fault/contact.

Z-TEM – SG3 Acoustic EM Geophysical Anomaly

Drilling is planned to test a very large geophysical anomaly defined by previously flown Z-TEM (Geotech Ltd.) as well as overlapping SG3 Acoustic EM (Earth Sciences Services Corp.). The anomaly is located between the Allco and Regal areas of the property in an area in which several major fault structures converge.

This geophysical anomaly potentially represents a significant “engine” for the regional geological system exhibiting high grade polymetallic veins and enriched silver-lead-zinc soil anomalies distributed over a several kilometer trend through the past producing Allco and Regal areas of the property.

Robert Edwards, CEO of Affinity stated: “We are excited to get back on the property to build on the successes of the past exploration with our 2019 silver discovery and also to now drill test this substantial geophysical target. The timing of this Regal program really couldn’t be better coinciding with the gold and silver markets showing incredible bullishness.”

Qualified Person

The Qualified Person for the Regal Project for the purposes of National Instrument 43-101 is Alicia Carpenter, P.Geo. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity is following a hybrid approach of combining the advancement of strategic assets along with following a Project Generator model.

Affinity presently holds two properties in British Columbia as well as five properties located near Timmins, Ontario. Affinity is presently advancing both the Regal and West Timmins Gold projects.

The Regal is located near Revelstoke, BC in the northern end of the prolific Kootenay Arch and hosts several major geophysical anomalies as well as three historic small-scale past producing mines. Affinity conducted the first known drill program in the Allco area of the property in 2019 which resulted in a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and assays from that first hole are expected to be received by the Corporation within the next two weeks.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected]

Information relating to the Corporation is available at: www.affinity-metals.com

Gold-Silver Ratio Reaches Its Highest Level In 87 Years From Its Lowest Level In 41 Years SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 9:56 AM on Monday, August 10th, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

  • The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value

As technical indicators go, the ratio of gold price to silver prices, commonly referred to as the gold-silver ratio, is considered by precious metal traders to be one of the most reliable indicators for forward price movements in silver.

The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value.

Previously the highest the ratio has ever been was 132 to 1 in 1933, when the US government invoked Executive Order 6102 and forced US citizens to sell all but a small portion of their gold and silver holdings to the Federal Reserve.

In more recently the highest the ratio has reached id 97.3 to 1 in February 1991 (Figure 1), at the height of a global economic recession. After this high in the ratio, the silver price rose in a continued uptrend from an average price of US$3.74/oz in February 1991 to US$6.84/oz in February 1998, an increase of 83%.

Figure 1: Gold-Silver Ratio since 1990

Source: Mining and Metals Research Corporation Ltd.

In June 2003, after a sustained five-year period of lower gold-silver ratios, the gold-silver ratio reached a high of 78.7:1, over the next five years the silver price rose from US$4.53/oz to a high of US$19.32/oz in March 2008, (Figure 1) an increase of 326%.

A spike in the gold-silver ratio in December 2008 to 79.3:1, associated with another global recession, was a leading indicator of a 315% increase in the silver price from US$10.29/oz in December 2008 to US$42.7 in April 2011 (Figure 1).

The gold-silver ratio has now risen from a low of 34.7:1 in April 2011, its lowest level since 1979, to its highest level in 87 years of 111.7:1 in April 2020, before reducing to 90.6:1 in July on the back of a 35% rise in the silver price over just three months (Figure 1).

Could we now be facing a sustained uptrend in the silver price?

Historical precedent appears to suggests so, only once in history was silver more undervalued compared to gold than it was in April 2020 and that was in 1933 when the US Government forced its citizens to sell their precious metal holdings.

Source: https://www.proactiveinvestors.co.uk/companies/news/926237/gold-silver-ratio-reaches-its-highest-level-in-87-years-from-its-lowest-level-in-41-years-926237.html

Affinity Metals $AFF.ca Advisor Ronald Stoerfele Provides His Perspective On Gold In This New Bull Market $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 12:41 PM on Wednesday, July 29th, 2020
  • “Ronald Stöferle: Gold Outperforming the Equity Markets”

Interview with the author of “In Gold We Trust” and fund manager at Incrementum. Gold is in a healthy and strong bull market, fueled by the financial stimuli of governments and central banks. Ronald Stöferle has set an ambitious price target for gold at the end of the decade.

In Honor of Silvers Epochal Breakout SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 8:06 AM on Thursday, July 23rd, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

  • Silver broke out from a giant base pattern that started to form as far back as 2013 – 2014
  • Probabilities are very high that it has much further to go, both in respect to time and magnitude of advance

The purpose of this update is to celebrate and mark silver’s powerful breakout from a giant base pattern that started to form as far back as 2013 – 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today’s advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn’t mean it can’t drop back again it makes it less likely, and even if it does it is likely to soon turn up again.

Quite clearly, when you are only 2 days into a bullmarket that is starting after the completion of a 6-year long base pattern, the probabilities are very high that it has much further to go, both in respect to time and magnitude of advance. Today’s breakout may very well have been triggered by the bellicose actions of the US with respect to China in closing its embassy or whatever it is in Houston, which is a continuation of an increasingly hostile attitude to China, based on the US attempt to tear down what it views as its main rival for global dominance. Now, with its economy getting ever closer to imploding completely, the US is looking to direct the mounting anger and frustration of its population towards a manufactured external enemy, which is what politicians always seek to do when their backs are against the wall. Today’s action was another step on the road to a major war, which is a normal consequence of economic depression. In addition to that we had the ludicrous and laughable assertion that Russia has been trying to hack coronavirus research secrets, which is just another irrelevant distraction. Regardless of what actually triggered the breakout it was a valid and powerful breakout as we can see on the charts set out below….

Not surprisingly, the effect of silver’s breakout on all things silver was electrifying, with a good example being shown below, Kooteney Silver, which is a silver stock we went for back in May because its charts looked so strong, and which is already up 50%.


With the prospect of hyperinflation in the not too distant future due to relentless and increasingly desperate and extreme money printing by Central Banks, the prospects for silver and silver investments have never been brighter as one thing we can look forward to is the biggest silver bullmarket in history by far.


This is a very good juncture at which to watch Mike Maloney’s interesting and insightful new video on silver entitled Silver Soars – Where To Next?

End of update.

SOURCE: https://www.clivemaund.com/article.php?id=5493

Wall Street Is Throwing Billions at Once-Shunned Gold Miners SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 1:02 PM on Tuesday, July 21st, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver

(Bloomberg) — A year ago, you couldn’t get Wall Street to touch most gold miners’ stocks. Today, it’s throwing billions at the industry.

Precious-metals miners once seen as too leveraged and high-risk for the typical investor raised $2.4 billion in secondary equity offerings during the second quarter, data compiled by Bloomberg show. That’s the most since 2013 and seven times more than the funds they raised a year earlier.

With the Covid-19 crisis threatening economies worldwide and gold prices soaring on the heels of monetary and stimulus programs, precious-metals companies have become the darlings of the investment community. The sector, which once largely drew the attention of specialist funds, is now attracting a broad base of investors.

“All of a sudden we’re seeing real interest from generalists,” said Bryan Slusarchuk, chief executive officer of Fosterville South Exploration Ltd., whose company plans to dig for gold in Australia. “If this continues, it could just be the start of an incredible bull market for gold equities.”

The market for gold miners has been dominated by the top two giants, Newmont Corp. and Barrick Gold Corp., with investors shying away from many of the others. That’s either because balance sheets had too much leverage or companies had too few mines and projects to spread out the risk. Many also remember the writedowns that followed the gold price slump of 2013.

Junior Miners

But junior miners are now starting to benefit. Take the case of American Pacific Mining Corp., an exploration and gold-mining firm with market capitalization of less than $20 million. The company raised $3 million in the second quarter, six times more than it had initially planned. Interest was so big that it had to turn away offers for more, said CEO Warwick Smith.

“The big boys play first, and then that money trickles down to the smaller companies, exploration companies,” he said.

The reasons that boosted the appeal of gold miners are the very same pushing investors away from companies digging for metals like copper or lithium, which are more dependent on economic growth. Base and industrial metals firms raised just $34 million in the second quarter, data compiled by Bloomberg showed. Thats a 40% decrease from the same period a year earlier.

Battery metals projects are also struggling to lure investors.

Clean TeQ Holdings Ltd.’s Sunrise nickel-cobalt-scandium project in Australia is a prime example. The company said in mid-June it wasn’t able to commit to a final investment decision on the $1.5 billion project as the pandemic presented “challenges for funding.”

“Bankers don’t like risks,” said Andrew Bowering, a director at American Lithium Corp., which has an exploration project in Nevada. “That means you need to strike a long-term offtake agreement so they have guaranteed production from the mine, and right now you’ve got no big buyers.”

Gold Allure

The allure of gold companies comes even as the coronavirus makes mining harder, with a higher risk of infections in tight, closed spaces. Barrick last week said it continued to benefit from strong prices even as the pandemic shuts down mines.

Investment in the sector is also coming in the form of mergers and acquisitions. Deals heated up in the second quarter, with 12 transactions valued at $2.86 billion being announced, according to Bank of America. That’s nearly double the first three months of the year.

“With mines being closed and things tightening up, the C-suite are all in the boardroom, and they’re talking to other companies about M&A,” said Smith of American Pacific. “They’re talking to their bankers, they are reaching out to have these conversations, and deals are getting done.”

Source:https://www.bnnbloomberg.ca/wall-street-is-throwing-billions-at-once-shunned-gold-miners-1.1468213

Affinity Metals $AFF.ca Acquires Five New Mineral Properties $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 3:03 PM on Thursday, June 25th, 2020

Vancouver, British Columbia–(Newsfile Corp. – June 25, 2020) – Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) (“Affinity”) is pleased to report that it has acquired, through staking, five new mineral properties. Four of the properties are located near Timmins, Ontario, Canada and the fifth is located near Revelstoke, British Columbia, Canada. The Corporation is currently acquiring more detailed information and history on the properties and provided they continue to be seen as properties of merit will provide further background in a news release and on the Corporation’s website at www.affinity-metals.com.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity is following a Project Generator model.

In addition to these recent acquisitions, Affinity is advancing the Regal and West Timmins Gold Projects.

The Regal is located near Revelstoke, British Columbia, Canada in the northern end of the prolific Kootenay Arch and hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and the core is now being logged, split and sampled in preparation for assaying.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected].

Information relating to the Corporation is available at: www.affinity-metals.com.

Affinity Metals $AFF.ca Provides West Timmins Project Drill Program Update $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 9:10 AM on Thursday, June 18th, 2020
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  • 1st hole drilled to depth of 525m at West Timmins Property
  • Core logging and sampling will commence shortly and samples will then be submitted for analysis.

Vancouver, British Columbia–(Newsfile Corp. – June 18, 2020) – Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) (“Affinity”) is pleased to report that it has now completed drilling the first hole on the West Timmins property located approximately 29 km southwest of Timmins, Ontario, Canada.

The hole was drilled to a depth of 525 meters. Core logging and sampling will commence shortly and samples will then be submitted for analysis.

The property package consists of 20 mineral tenures spanning 429 hectares. The property directly adjoins to the west and along geological strike to the Melkior Carscallen project with both properties optimally located directly along the northern flank of the prolific Destor Porcupine Fault Zone. Melkior very recently made a significant gold discovery that has attracted not only the market’s attention but also the interest of Kirkland Lake Gold to participate in furthering exploration of the Melkior project model through joint participation.

The ground making up the West Timmins property was included/highlighted as a specific project example which meets exploration model recommendations as outlined within the 2012 published, Timmins Resident Geologist Report: “Recommendations for Exploration – Gold in Felsic Intrusions”. The geological model and potential of the West Timmins property correlate positively with the recent Melkior Carscallen exploration advancements.

The property is road accessible with a major highway (101) and regional scale power utility transmission lines passing directly through the property. Both Induced Polarization and Acoustic EM geophysics surveys have been conducted on the property and will assist in guiding future exploration.

The West Timmins property is located along the same structural and geological trend which hosts the Pan American Silver “Timmins West Mine” located approximately 13 km to the east along highway 101 and is also in close proximity to the Timmins mining camp, which is a major structural control corridor that has produced over 75 million ounces of gold.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. The Company is structured as a “Prospect Generator”.

In addition to the present work being conducted on the West Timmins property, Affinity is also focused on advancing the Regal Project located near Revelstoke, British Columbia, Canada. The Regal property is located in the northern end of the prolific Kootenay Arch and hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected].

Information relating to the Corporation is available at: www.affinity-metals.com

Trend Reversal in Silver is Coming: TD Securities Bets Long on Silver SPONSOR: Affinity Metals $AAF.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 3:44 PM on Thursday, June 4th, 2020
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Sponsor: Affinity Metals Corp. (TSX-V: AFF) is a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the drill ready Regal Property near Revelstoke, BC where Affinity Metals is making preparations for a spring drill program to test two large Z-TEM anomalies. Click Here for More Info

  • A trend reversal is looking likely for silver, according to TD Securities, which issued a long call on silver, projecting a $19-an-ounce price level by March 2021.

TD Securities uses its C.H.I.L trend analytics to make trade predictions that uses “10,000 simulations of future price paths to determine critical thresholds for a change in trend.”

The bank’s latest call focuses on silver, with strategists citing an uptrend forming — “top trade betting on uptrend formation in silver: long Mar21 $19.00/oz silver call,” they said.

At the time of writing, July Comex silver futures were trading at $17.935, down 0.13% on the day. Silver has been playing catch-up to gold these past three weeks after missing out on the safe haven’s rally in April and the beginning of May.

TD Securities strategists project more gains for silver in the long term, highlighting industrial demand as one of the key drivers.

“A low hurdle rate for a sustained trend reversal, combined with a backdrop of firming industrial demand, rising investment flows and limited speculative activity argue for a potential positive skew in the distribution of silver’s returns,” the bank’s commodity strategists said this week.

This new trend could reverse the divergence in precious-metals space that saw gold posting gains while silver and platinum struggled, TD Securities said.

“Risk appetite and deflationary worries cap gold. Industrial precious benefits from improving commodity demand,” the strategists said. “Conditions are favorable for a trend reversal in silver which could keep prices supported as a sustainable uptrend forms.”

After reaching $19 in March 2021, TD Securities projects further gains that would see prices rise to $20.25 in the third quarter of 2021 and then to $21.75 in the fourth quarter of 2021.

‘Silver is an explosive metal’

Silver is benefiting from increased industrial demand as well as rising safe-haven flow demand, the bank pointed out.

“A simple analysis extracting the (rolling) regression coefficient of silver’s returns as a function of gold’s and our commodity demand indicator suggested that silver has increasingly been driven by commodity demand. At the same time, however, we note that silver ETF [exchange-traded-fund] holdings have been highly correlated to gold’s of late — suggesting investment demand for the precious metals theme is also flowing to silver. Speculative interest in CME products has been extremely low, but a CTA [Commodity Trading Adviser] buying program could revive speculative interest,” the strategists explained back in May.

The combination of the two drivers working side by side “creates the set-up for explosive performance,” the strategists added, pointing to fairly constrained supply side.

SOURCE: https://www.kitco.com/news/2020-06-04/Trend-reversal-in-silver-is-coming-TD-Securities-bets-long-on-silver.html

Affinity Metals Corp. $AFF.ca Enters into Agreement to Acquire the West Timmins Gold Property $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca $KL.ca

Posted by AGORACOM-Eric at 9:18 AM on Tuesday, May 26th, 2020
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  • The project is adjacent to Melkior’s Carscallen project
  • Melkior recently made a significant gold discovery at Carscallen.
  • Plan to begin drilling the first target in the very near future

Vancouver, British Columbia–(Newsfile Corp. – May 26, 2020) – Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) (“Affinity”) is pleased to report that it has entered into an option agreement with an arm’s length third party to acquire up to a 90% interest in the West Timmins Gold property located approximately 29 km southwest of Timmins, Ontario, Canada.

The property package consists of 20 mineral tenures spanning 429 hectares. The property directly adjoins to the west and along geological strike to the Melkior Carscallen project with both properties optimally located directly along the northern flank of the prolific Destor Porcupine Fault Zone. Melkior very recently made a significant gold discovery that has attracted not only the market’s attention but also the interest of Kirkland Lake Gold to participate in furthering exploration of the Melkior project model through joint participation.

The ground making up the West Timmins Gold property was included/highlighted as a specific project example which meets exploration model recommendations as outlined within the 2012 published, Timmins Resident Geologist Report: “Recommendations for Exploration – Gold in Felsic Intrusions”. The geological model and potential of the West Timmins Gold property correlate positively with the recent Melkior Carscallen exploration advancements and the West Timmins Gold property potentials are based on the same geological model to that of the neighboring Melkior project.

The West Timmins Gold property is road accessible with a major highway (101) and regional scale power utility transmission lines passing directly through the property. Both Induced Polarization and Acoustic EM geophysics surveys have been conducted on the property and will assist in guiding future exploration.

The West Timmins Gold property is located along the same structural and geological trend which hosts the Pan American Silver “Timmins West Mine” located approximately 13 km to the east along highway 101 and is also in close proximity to the Timmins mining camp, which is a major structural control corridor that has produced over 75 million ounces of gold.

A Timmins West “staking rush” this past week has resulted in the recent acquisition of over 300 square kilometers of additional claims being positioned by area play participants which now surround both the Melkior – Carscallen and Affinity – West Timmins Gold projects.

Robert Edwards, CEO of Affinity stated: “We are very excited to have added the West Timmins Gold project to Affinity’s portfolio. It diversifies the Company’s Canadian exploration exposure to another very mining friendly jurisdiction in Canada. The seasonal window for exploration is much longer than at our flagship Regal Project, which allows for exploration on the West Timmons Gold property without taking away the focus on the Regal. The project is optimally located in the very prolific Timmons township area, immediately adjacent to Melkior’s Carscallen, which has attracted significant market attention the past few weeks with their recent gold discovery. We believe that the West Timmins Gold property has significant and similar discovery potential and we plan to begin drilling the first target in the very near future.”

The West Timmins Gold property is being acquired through a staged option agreement with terms/payments as follows:

Affinity will drill 500 meters within a specific drill target as directed by the property optionor. Upon the completion of the initial 500 meters of drilling, Affinity will elect to either abandon the option or continue and earn a 70% interest by paying the optionor $15,000 cash, issuing 300,000 Affinity shares, and drilling an additional 700 meters in a specified target(s) as directed by the optionor.

Within 120 days of completing/fulfilling the 70% option terms, Affinity may elect to earn an additional 10% (for a total of 80%) by issuing the optionor 500,000 Affinity share purchase warrants, granting a 1% NSR and paying a corresponding $25,000 cash advance royalty payment, and by drilling an additional 4,800 meters (6,000 meters total) on drill targets specified by the optionor.

Within 120 days of completing/fulfilling the 80% option terms, Affinity may elect to earn an additional 10% (for a total of 90%) by drilling an additional 4,800 meters (10,800 meters total) on drill targets specified by the optionor.

All shares or warrants issued under this agreement will be subject to a statutory 4 month hold period. This agreement is subject to approval by the TSX Venture Exchange.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America.

In addition to this West Timmins Gold acquisition, Affinity is advancing the Regal Project located near Revelstoke, British Columbia, Canada. The Regal property is located in the northern end of the prolific Kootenay Arch and hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected].

Information relating to the Corporation is available at: www.affinity-metals.com

The Forecast For Silver In 2020-2021 SPONSOR: Affinity Metals $AAF.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 12:25 PM on Friday, May 22nd, 2020
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Sponsor: Affinity Metals Corp. (TSX-V: AFF) is a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the drill ready Regal Property near Revelstoke, BC where Affinity Metals is making preparations for a spring drill program to test two large Z-TEM anomalies. Click Here for More Info

This has been a tumultuous year for investors, with Brexit, negative bond yields, a global trade war, an oil price crash and, of course, a worldwide pandemic that’s ushered in what’s expected to be the worst recession since the Great Depression. The question, then, is whether our money can be safely invested anywhere.

Fortunately, many experts are bullish about precious metals. Although the price of gold has risen roughly $400 per ounce in the past year, some analysts suggest that silver may be the better buy in the medium- and long-term.

As the CEO and founder of an online alternative investment brokerage, I’m constantly keeping my finger on the pulse of what precious metals experts forecast for the years ahead. In this article, I’ll take a closer look at the silver forecast for 2020 and 2021 to give investors an idea of what they can expect.

How Has Silver Fared So Far In 2020?

Let’s first assess the recent performance of silver bullion during this time of uncertainty. Although the price of silver has fallen since the outbreak of the novel coronavirus, its value has held considerably well compared to the U.S. stock market. During the worst of the stock sell-off in mid-March, May silver futures dropped $0.48 to roughly $12.34 per ounce, according to kitco.com, while the S&P 500 had fallen 27% year to date on March 18.

Virtually every asset price fell in March due to the “sell what you can” mentality many investors held during this frantic period of uncertainty driven by the coronavirus and an oil price war. However, allocating a portion of your portfolio to silver bullion would have softened the blow caused by the coronavirus sell-off.

Is Silver Susceptible To Price Suppression?

It’s worth noting neither the U.S. federal government nor the Federal Reserve system can assert significant control over the price of silver. In 2019, the U.S. accounted for an estimated 3.6% of global silver production (980 metric tons), compared to Mexico and Peru, which produced 6,300 and 3,800 metric tons, respectively. Therefore, the price of silver is ultimately beholden to global market forces rather than domestic price manipulation.

Silver And Industry

Silver is a metal with many industrial applications. In 2018, silver was heavily utilized for industrial manufacturing — in particular, for use in photovoltaic solar panels, brazing alloys and solders, electronics and ethylene oxide. This figure doesn’t include silver used in the production of jewelry, which required another 200 million-plus ounces that year.

What’s particularly noteworthy about silver’s industrial usage is that it’s prominent in the production of solar panels and batteries, which bodes well for the metal’s long-term price. The worldwide market for solar energy was expected to rise in value from $52 billion in 2018 to $223 billion by 2026.

Key Factors That Could Influence The Price Of Silver In The Near Term

In an article forecasting the price of silver in 2020, Capital.com’s Valerie Medleva mentioned that silver tends to perform poorly when the U.S. dollar is strong. The article went on to note that in Q4 2018, the price of silver fell 14% when the U.S. dollar performed well.

Although the U.S. dollar is currently strong, the Fed has recently cut interest rates to effectively zero, which could weaken the dollar, so it remains to be seen how this will impact the price of silver through the year. A strong dollar generally signals a weak silver price, and though there are exceptions, such as we saw in 2018, high interest rates tend to mean higher silver prices. In other words, if the dollar weakens, we could have two competing forces pushing the price of silver up and down simultaneously.

Regarding supply, a January 2020 report by Scotiabank determined the global supply of silver is “fundamentally oversupplied” but remains attractive to investors as a gold proxy. The authors note that silver can play an important role as a currency hedge, and upside growth is expected due to modest increased industrial demand. Overall, the report is mixed about silver prices for 2020, estimating possible outcomes of $15-$23 per ounce, depending on gold performance and demand drivers. The authors estimated that $17.50-$21 per ounce is the fair, market-aligned range for silver in the year ahead.

And according to technical analysts at FX Empire, silver is trending to the upside as price pullbacks throughout April have been met with quick buys from investors looking to fill their pockets with the white metal. They note a critical resistance point at $15.50 per ounce. If silver settles above that mark, that will open the path for it stabilizing around the $16.50 level seen before the crisis.

The Takeaway: A Worthwhile Hold But Not Without Risk

The general consensus among market watchers, researchers and precious metals experts is that the long-term forecast for silver is positive. Although no asset is without downside risk, the case for silver is supported by heavy industrial use as well as its strategic importance as a currency hedge during times of uncertainty. However, the strength of the dollar will play an important role in silver’s performance.

In short, silver is an alternative investment that’s a relatively safe option in a highly volatile market. Many analysts are optimistic about silver prices in the short and medium term. Regardless of how silver performs in the months ahead, the metal remains a strategic hold for many investors looking to minimize risk, diversify their portfolio and safeguard their wealth during times of heightened volatility.

SOURCE: https://www.forbes.com/sites/forbesfinancecouncil/2020/05/21/the-forecast-for-silver-in-2020-2021/#4b2bd9e05cac