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Affinity Metals $AFF.ca Acquires Windfall North Property $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca $PAAS.ca $TUD.ca $AMK.ca

Posted by AGORACOM-Eric at 9:00 AM on Monday, October 19th, 2020

Vancouver, British Columbia…Affinity Metals Corp. (TSX-V:AFF) (FRANKFURT: 34IA) (“the Corporation”) (“Affinity”) is very pleased to report that it has acquired, through staking, a mineral property in Quebec, Canada that adjoins Osisko’s world class Windfall Lake project claim holdings. The property has been named the Windfall North. The property consists of 96 mineral tenures spanning 5143.15 hectares and straddles the very prospective main lithological contact and structural trend along strike to the northeast from Osisko’s rapidly growing Windfall Lake deposit within the prolific Abitibi Greenstone Belt.

Location of Windfall North Property

Abitibi Greenstone Belt
 
The Abitibi Greenstone Belt, along with the Fraser Institute deeming it the 4th most attractive mining jurisdiction in the world, is home to dozens of world class deposits including: Val-d’Or Chibougamau Kirkland Lake Timmins Detour Lake Malartic Bousquet Rouyn-Noranda Larder Lake The Abitibi is renowned as the world’s largest mineral-rich greenstone geological belt. The geological structure spans 450 km long by 150 km wide and runs through the Canadian Shield, from west of Timmins, Ontario, then eastward to Chibougamau, Quebec. The region’s history hosts over 100 mines that have aggregately produced an excess of 170 million ounces of gold. While the belt is known primarily for its prolific gold mines, base metal production in the region is also substantial at over 400 million ounces of silver, 15 billion tons of copper, and 35 billion tons of zinc.
 
Osisko’s Windfall Lake Gold Deposit
 
The Windfall Lake Project is reportedly one of the highest grade resource-stage gold projects in Canada and continues to grow as more discoveries are made. Osisko recently reported Windfall Lake indicated resources of 2.39 million tonnes at 9.1 g/t Au (1,206,000 oz. gold) and inferred resources of 10.61 million tonnes at 8.4 g/t. (3,938,000 oz. gold).  Osisko has defined the resource approximately 2000m on strike and 1500m depth, and continues to drill at an impressive pace. They hit the million meter drilling mark earlier this year in anticipation of an updated resource estimate in the later part of 2020 and a feasibility study to come out next summer.
 
In 2018, a Preliminary Economic Assessment (PEA) forecast was done on the Windfall Lake Project. At the time it contained  around 3 million oz. gold. As it stood then , it would cost $397 million to build the mine that would produce an average of 218,000 oz. gold annually, over 8.1 years. The study projected an after-tax internal rate of return of 32.7% and a net present value of $413.2 million using a discount rate of 5%.
 
The PEA in 2018, indicated Windfall had very strong economics with a $1,300 gold price and a 6.7 g/t gold grade deposit. With gold in the $1,900’s and an inferred resource estimate of 9.1 g/t Au, the Windfall project has exponentially grown in value. The region will become even more profitable by the means of a 30-year Grande Alliance agreement. The agreement covers road, rail, port and power infrastructure in the region, including a powerline from Lebel-sur-Quévillon directly to the Windfall site.
 
Mick Carew of Haywood Securities commented in a northern miner article (dated May 29, 2019), on the growing results, and states they “reflect the continued assertion that Windfall is part of a larger, dynamic gold mineralized system” and “demonstrate the significant exploration potential beyond the immediate footprint of the current Windfall resource.”
 
Selected high-grade drill intercepts from Osisko’s Windfall program (last 12 months):
143 g/t Au over 2.0 metres in OSK-W-19-2197-W1
153 g/t Au over 3.4 metres in WST-19-0234
376 g/t Au over 2.0 metres in WST-20-0310
199 g/t Au over 5.0 metres in WST-20-0312
34.8 g/t Au over 10.4 metres in OSK-W-20-2266-W1
171 g/t Au over 2.5 metres in WST-20-0463
173 g/t Au over 2.0 metres in OSK-W-20-2139-W8
21.0 g/t Au over 13.0 metres in OSK-W-2256-W1
115 g/t Au over 5.6 metres in OSK-W-20-2256-W2
1475 g/t Au over 4.6 metres in OSK-W-19-1731-W2
 
Windfall North Property Geology

Affinity’s North Windfall claims are located along the contact of a dioritic gneiss terrain and a granitic terrains. It is strategically positioned directly along the Windfall and Romeo faults and is located approximately 9 km NNE from Osisko’s Windfall Lake project. The Windfall fault, which is interpreted to represent the ductile level root feeder system that plumbs and controls the location of Osisko’s Windfall deposit model, is interpreted to continue northeast into Affinity’s Windfall North claim holdings along strike where it diverges into two separate structural traces and subducts beneath the granitic pluton.

Affinity staked the North Windfall claims based on the interpreted northeast trend of the Windfall Lake Fault from the Windfall Lake gold deposit and plans to conduct a geological and geophysical data compilation in order to generate drill targets.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Kevin Montgomery, P.Geo. and he has read and approved the scientific and technical information that forms the basis for the disclosure contained herein.

About Affinity Metals

Affinity is following a hybrid approach of combining the advancement of strategic assets along with following a Project Generator model.

In addition to the recently acquired Windfall North property, Affinity presently holds two properties in British Columbia as well as five additional properties located near Timmins, Ontario.

The Regal project is located near Revelstoke, BC in the northern end of the prolific Kootenay Arc and hosts several major geophysical anomalies as well as three historic small-scale past producing mines. An exploration program, including in excess of 3,000 meters of drilling, is presently underway on the project.

Affinity very recently acquired the Carscallen Extension property located immediately adjacent to the Melkior-Kirkland Lake Carscallen project.

On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp. The Company can be contacted at: [email protected]
Information relating to the Company is available at: www.affinity-metals.com

Affinity Metals $AFF.ca Acquires Carscallen Extension Property Immediately Adjacent to Melkior-Kirkland Lake Carscallen Project $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca $PAAS.ca

Posted by AGORACOM-Eric at 9:00 AM on Monday, October 5th, 2020

Vancouver, British Columbia–(Newsfile Corp. – October 5, 2020) – Affinity Metals Corp. (TSXV: AFF) (FSE: 34IA) (“the Corporation”) (“Affinity”) is very pleased to report that it has entered into an option agreement to earn up to a 100% interest in the Carscallen Extension property located immediately adjacent to the Melkior Resources- Kirkland Lake Gold Carscallen Project approximately 25 km west of Timmins, Ontario, Canada. Affinity’s Carscallen Extension property consists of 47 claim units covering approximately 940 hectares.

Melkior’s Carscallen property has gained considerable attention in recent months since Kirkland Lake Gold (“KL”) first entered into negotiations to join with Melkior in advancing the property. On September 30th, 2020, Melkior closed a strategic partnership with KL in an option deal worth up to $110 million. The confidence of a major producer like KL entering into an agreement of this size is very promising and shows the potential of this newly discovered gold system.

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The Carscallen hosts high-grade gold and has strong indications of a base metal volcanogenic massive sulphide (VMS) system. In a news release dated June 26th, 2020, Melkior reported that to date, they have delineated a potential 800m striking gold system running NW-SE through the Zam Zam and Shenkman Gold Zones that is also open in both directions. The Affinity Carscallen Extension property borders Melkior’s property to the north and is located on trend approximately 1000m NW of the presently defined gold system with similar underlying geology.

Melkior’s Carscallen property and Affinity’s Carscallen Extension property are located on the western end of the Abitibi Greenstone Belt, in the geopolitically stable and resource friendly province of Ontario. Along with the Frasier Institute deeming it the 4th most attractive mining jurisdiction in the world, the Abitibi Greenstone Belt is home to dozens of world class deposits, and has reportedly produced in excess of 170 million ounces of gold, 400 million ounces of silver, 15 billion tons of copper, and 35 billion tons of zinc.

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Affinity previously entered into an option agreement for the West Timmins property with the same arm’s length party that also holds the Carscallen Extension property. The West Timmins property was recently drilled by Affinity. An existing single shallow drill hole was extended to 525m in depth in an effort to accomplish two objectives: 1) to test the validity and accuracy of the Stargate Acoustic EM technology to delineate geological contacts, more specifically to define the extent of granite caps which commonly mask the underlying geology within the west Timmins region, and 2) to test the geology immediately beyond the granite cap.

The technology was able to predict the contact where the granitic cap terminated in the hole. This ability to potentially map granitic intrusions and caps at depth, where other geophysical techniques have failed, has far reaching positive implications and potentially opens up many possibilities for increasing exploration success in granitic environments within the Timmins camp and elsewhere.

The geological environment to the 525m depth drilled did not produce any significant precious metal values in the core samples that were assayed.

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Given the recent Melkior-KL partnership, and after considerable examination of the regional data specific to the immediate vicinity around Melkior’s Carscallen Project, it was determined that Affinity’s immediate focus and priority should shift away from the Timmins West property to the south and instead to secure the northern Carscallen Extension project and pursue a more aggressive exploration program on this property located on trend to the north and much closer to Melkior’s recent work that attracted KL to the Carscallen property.

The relationship that Affinity has developed with the owners holding both the Timmins West and Carscallen Extension properties allowed us the flexibility to have optionality between priorities and projects. The Timmins West property option has now been terminated with no cash or share payments having been made, and the Carscallen Extension project has effectively replaced the previous agreement. Affinity has the opportunity to enter into a new option agreement and return to the Timmins West property at the discretion of the optionor but Affinity may not hold both the Timmins West and Carscallen Extension properties concurrently. Affinity’s present and immediate focus is now to advance the Carscallen Extension property.

Rob Edwards, Affinity CEO & President stated: “As the Carscallen Extension property immediately adjoins the Melkior-Kirkland Lake Carscallen project to the north, and also clearly appears to be on trend with the gold system that Melkior has defined to date and believes to be open for expansion, we believe the Carscallen Extension to be the most prospective property within the immediate region associated with this exciting partnership project. We very much appreciate the flexibility afforded us by the holders of the Timmins West and Carscallen Extension properties and for their confidence in Affinity in allowing us to secure the Carscallen Extension property and to shift focus and capitalize on the recent Kirkland Lake developments and associated potential.”

The terms of the Carscallen Extension option agreement are as follows:

Granting of 70% option:

In order for Affinity to earn a 70% interest in the property, within 6 months of Exchange approval of the option agreement:

1) Affinity shall pay $1,539.63 in outstanding assay fees and shall receive assays for the bottom section of a previously drilled hole.
2) Pay the optionor $30,000 in cash.
3) Complete a minimum of 1,300 meters of drilling.
4) Grant to the optionor a 1% NSR along with an initial $25,000 advance royalty payment.

Granting of additional 10% (80% option):

In order for Affinity to earn an 80% interest in the property:

1) Within 30 days of receipt of assays from the 1,300m drilling above, issue 400,000 shares of Affinity to the optionor.
2) Complete an additional 6,000 meters of drilling on the property within 4 months of completing the 70% option.

Granting of additional 10% (90% option):

In order for Affinity to earn a 90% interest in the property:

1) Upon completing the 80% earn in and electing to proceed with the 90% earn in, issue 500,000 Affinity warrants to the optionor.
2) Complete an additional 4,000 meters of drilling on the property within 15 months of Exchange approval of the option agreement.

Granting of additional 10% (100% option):

In order for Affinity to earn a 100% interest in the property:

1) Pay $5,000,000 to the optionor.

Affinity shall pay advance royalty payments of $25,000 every 6 months to an aggregate total of $250,000 to maintain the property in good standing.

Affinity will also deliver a Preliminary Economic Assessment within 5 years of executing the option agreement or the property will revert back to the optionor.

The optionor will hold a 1% NSR on the property with no buy back provision.

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.

Qualified Person

The qualified person for the Carscallen Extension Project for the purposes of National Instrument 43-101 is Kevin Montgomery, P.Geo. He 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.

In addition to the recently acquired Carscallen Extension property, Affinity presently holds two properties in British Columbia as well as four additional properties located near Timmins, Ontario.

A drill program is presently underway on the Regal property located near Revelstoke, BC in the northern end of the prolific Kootenay Arc. Over 3,000m of drilling has been completed to date.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Company can be contacted at: [email protected]

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

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

Posted by AGORACOM-Eric at 10:20 AM on Friday, September 25th, 2020
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  • The original program has been expanded with the present amount drilled now exceeding 3,000 meters.
  • A total of 15 holes have been completed to date in 2020 and drilling is ongoing.

Vancouver, B.C. – Affinity Metals Corp. (TSX-V:AFF)”) (“Affinity”) (“the Corporation”) is pleased to announce that it has expanded its 2020 drill 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. 

Along with geological mapping and associated geochemical sampling, the original 2020 drill program included up to 2,000 meters of diamond drilling. The original program has been expanded with the present amount drilled now exceeding 3,000 meters. A total of 15 holes have been completed to date in 2020 and drilling is ongoing.

Shares for Services – Online Marketing

Further to its news release of September 17, 2019, in which the Company disclosed a shares for services agreement it had entered into with Agoracom dated September 13, 2019, the Company advises that to date it has issued to Agoracom 96,000 common shares having a hold period expiring on January 16, 2020.  Under the terms of the agreement, the Company is required to issue an additional 297,295 common shares to Agoracom, which it proposes to do upon receipt of TSXV approval.  When issued, the 297,295 shares will have a hold period expiring 4 months and one day after their date of issuance in accordance with applicable securities laws and the policies of the TSXV. Subject to approval of the TSXV, the Company intends to issue common shares to Agoracom for the services provided.  The number of shares issuable and the share price will be determined at the market price of the Company’s common shares at the time the quarterly payments were due, in compliance with the policies of the TSXV. Under the initial 2019 agreement, services would have been terminated September 15, 2020 however on September 11, 2020, Agoracom provided an amended agreement for services that now extends the original agreement to January 15, 2021.  No new shares will be issued as a result of the extension. 

Shares for Services – Business Advisory Services

The Company is also pleased to announce that it has entered into a shares for services agreement with Herbert Strauss for providing financial and strategic business planning and international market advice. Mr. Strauss has an extensive background in the German speaking European market specific to arranging corporate partnerships, international expansion and providing recommendations related to market reach and industry contacts.  

The agreement was effective on September 1, 2020 and will continue until July 31, 2021.  In consideration of the services provided, the Company has agreed to pay Mr. Strauss the following fees:

  1. A cash payment of $3,900 upon signing of the agreement and;
  2. 240,00 common shares of the Company due in quarterly instalments of 60,000 common shares at the end of each three month period starting on the effective date of the agreement.

When issued, the 240,000 shares will have a hold period expiring 4 months and one day after their date of issuance in accordance with applicable securities laws and the policies of the TSXV. The number of shares issuable and the share price will be determined at the market price of the Company’s common shares at the time the quarterly payments are due, in compliance with the policies of the TSXV. The agreement has been approved by the TSXV.

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. 

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

3 Reasons Silver Bulls Could Soon Be Handsomely Rewarded SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 12:13 PM on Tuesday, September 22nd, 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

They say patience is a virtue. Well, if anyone is virtuous these days, it has to be silver bulls.

They also say good things come to those who wait. I believe those good things will be coming…in spades.

Silver reached just shy of $50 back in April 2011. A decade later, we’re still just barely above half that level.

But that’s all about to change.

Since bottoming in March, gold has rocketed to a new all-time high near $2,070 in early August, up 40%.

But silver’s trough-to-peak gains have put gold’s to shame. The white metal bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months.

When silver really gets going, it can surprise even the most ardent of silver bulls. And odds are it’s going to go on several more runs like this in the future.

Here’s what’s making this metal tick, and why what lies ahead for silver is going to surprise us all.

1. Silver’s Monetary Side

It’s widely accepted that silver is both an industrial metal and a monetary metal. But now that precious metals are in a secular bull market, silver’s monetary side is likely to have an outsized impact.

If we look at how silver compares to gold in bull runs, it turns out silver has outperformed five of the last six times. Silver Comparative Price Vs Rising Gold Prices

That’s likely going to happen again this time, and the main driver will be investment demand.

According to the Silver Institute’s Annual World Silver Survey, silver investment demand was up 12% in 2019 over the previous year. The Institute recently reported that in the first half of 2020, investors hoarded 10% more silver than in H1 2019, mostly through buying silver-backed exchange-traded products (ETPs). As a result, ETPs have been setting successive record high levels of holdings this year. Total Silver Demand 2019

What’s more, it’s estimated that just 6% of all above-ground silver is in investment form like coins or bars. The rest is almost evenly split between industrial uses and jewelry/decorative uses.

2. Challenged Silver Supply

Besides rapidly growing investment demand, one of the biggest drivers of higher silver is going to be limited new supply.

Just 28.7% of new silver supply comes from primary silver mines. 71% of newly mined silver is only produced as a by-product of other metals like gold, copper, lead and zinc. Silver Supply

In a recent Kitco News interview (Kitco.com) E.B. Tucker, director at Metalla Royalty & Streaming (OTC:MTA), (TSXV:MTA) said:

“Silver’s got some catching up to do. One of the things about silver that people need to understand is that the supply of silver is not elastic, and what that means is if the price goes higher, the mines can’t just turn it on. Only about a quarter of the supply comes from actual direct silver mining, the rest of it comes from by-products, and recycling.”

Even once silver prices soar, mines that produce silver cannot just ramp up silver production. And silver is often a small portion of their revenues, so there’s little incentive to produce more.

3. Silver’s Technical Outlook

With fundamentals lining up, let’s examine the technical side of silver’s near-term outlook. Silver Daily Chart

Silver has been forming a symmetrical triangle pattern since early August. Volume’s been dropping over the past month, and the RSI and MACD momentum indicators continue to move downwards. This suggests more consolidation and, for now, a possible downside move once the triangle is breached. The $26 level is the first downside target, then the $23–$24 range would be next.

Silver stocks, via Global X Silver Miners ETF (NYSE:SIL), are reacting in much the same way as silver itself.

SIL Daily

The only difference here is the RSI has gone mostly sideways for five weeks. For SIL I’d expect a first downside target to be $45, followed by $40.

But once the current consolidation/correction is over, which could still play out over several more weeks, I’d expect silver to come back with a vengeance.

The Fed is standing ready to “print more on demand,” while the European Central Bank and others are signaling more as well. The COVID pandemic is seeing cases tick up as kids head back to school and we head indoors. Oh, and there’s a critical federal U.S. election, amid a highly antagonistic political environment, in under two months.

Silver is likely going to reach above $37 before the year is out, as its monetary role starts to dominate once again.

Rest assured, your patience will be rewarded.

SOURCE: https://www.investing.com/analysis/silver-bulls-will-be-handsomely-rewarded-200537685

Silver’s Brilliant Year Validates Longtime Bugs’ Enthusiasm SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 10:20 AM on Thursday, September 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

Ned Naylor-Leyland has been all-in on silver for 18 years, earning derision along the way from fellow investors favoring the more glamorous gold. Now, with silver’s price skyrocketing 51% this year, he’s got reason to feel vindicated.

The manager of the $1-billion Merian Gold and Silver Fund in London proudly calls himself a “silver bug,” a term describing an investor whose fervor for the precious metal is more extreme than the typical bullion enthusiast’s. The bugs foresee a crash of the fiat cash system in the aftermath of unprecedented monetary stimulus, putting silver back in play as a viable currency. Their core tenet is that gold’s cheaper, more volatile cousin will continue surging in value.

“I’ve been waiting since 2002 for the inevitable demise of this monetary system,” Naylor-Leyland said. “I’ve been standing there waving on the top of a hill for the last 20 years, and suddenly everyone’s pointing at me saying, ‘That man’s a genius.’”

They have plenty of forebears. The Coinage Act of 1873 demonetised the metal in the US, sparking backlash against the government and allegations of corruption from the “Silverites.” The most notorious speculators were the Hunt brothers, three sons of a Texas oil billionaire whose fear of inflation and belief in the metal as a store of wealth prompted them to try corner the global market in 1980. They stockpiled more than 200 million ounces, driving the price to $49.45 before it crashed below $11.

Now, the bugs are having another moment. The metal has had an outstanding year, with its gain almost double gold’s. The rise has come off the back of a weakening dollar, plunging real rates and geopolitical tensions — all of which give investors motivation to seek haven in precious metals.

But that gain is nothing to most silver bugs, who foresee even higher prices because they believe more people will lose faith in the value of government-issued currency. Just read their Reddit message board with 47 000 members or the online Silver Forum with almost 12 000.

“Silver’s got its animal instincts back,” Naylor-Leyland said. “People have spotted it, and they’re interested in it.”

Not everyone is on board, though. Jeffrey Christian, managing director of New York-based commodities research firm CPM Group, has heard the story before.

“These guys have been waiting for the collapse of the global financial system for 40 to 50 years,” he said. “Nothing you can do can make them think they’re looking at the world the wrong way.”

The disciples point to evidence suggesting they’re right. Physical silver bars, the preferred investment vehicle for die-hard bugs, currently are in short supply, with refiners struggling to keep up with demand from dealers.

The delays also can be attributed to silver being less valuable than gold, so smelting enough bars to produce a quantity worth investing in is more labor-intensive. Whatever production there was took another hit when refineries shut down earlier this year because of the coronavirus pandemic.

For other silver-bug favorites like coins, investors are paying far more than the spot price to get hold of them. Gregor Gregersen, founder of Singapore-based dealer Silver Bullion, said premiums for American Eagle and Maple Leaf coins currently are about double the usual, due to scarcity.

Retail investors’ thirst for silver is also tapping into exchange-traded funds, which added more than 8,800 tons of the metal this year. They’re particularly popular with the Robinhood Markets crowd, which prefers to invest digitally rather than by purchasing bars and coins.

The number of users buying into the largest silver ETF, the iShares Silver Trust or SLV, more than doubled in the month leading to August 13, when the app stopped publishing the data

But to the old-fashioned silver bugs, ETFs aren’t worth the paper, or smartphone screen, they’re written on. They allege the funds are backed by metal that doesn’t exist and are a tool designed by banks to absorb investor demand and curb prices.

“In this market, the only thing that counts is physical,” said Gijsbert Groenewegen, a co-founder of hedge fund Gold Arrow Capital Management who quit in 2011 to run a firm investing in silver miners. “Physical and in your own possession.”

SOURCE: https://www.miningweekly.com/article/silvers-brilliant-year-validates-longtime-bugs-enthusiasm-2020-09-07

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