Posted by AGORACOM
at 1:47 PM on Friday, December 11th, 2020
Affinity Metals discusses rational for recently acquired Carscallen Extension property. The Carscallen Extension immediately adjoins the Melkior/Kirkland Lake Gold JV Carscallen Project located approximately 6 km west of Pan American Silver’s West Timmins Mine and approximately 25 KM West of Timmins. The company has recently announced the commencement of drilling on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV.
Posted by AGORACOM
at 2:09 PM on Wednesday, December 2nd, 2020
Hello Current and Potential Investors,
The new restrictions in BC came fast and we had to act quickly in regards to our AGM in order to comply with these mandates. For all companies, this year has been challenging to accommodate in person events like conferences and investor meetings. Though we normally see very few investors (if any) attend these meetings, these in person meetings can provide opportunities to allow investors to ask important questions and have management provide answers. Open communication with our shareholders is important to us. Since our question and answer portion of the AGM has been cancelled due to these circumstances we want to make sure we remind all current and potential investors of our contact information so we can answer any questions you may have.
If you have any questions you would like to speak with us on, please Email any questions to [email protected] and we will answer these directly or you can call our office at 604-227-3554.
In addition, we will be compiling the questions asked and the answers into a Q&A that will be distributed to our mailing list.
We are very excited for the coming months. We are awaiting assays from the Regal Drill Program. Unfortunately the labs have a considerably longer turnaround time than normal, but our Regal results should come back to us in late December. Our Drill is currently turning on the Carscallen Extension Property and we are very optimistic for results in 2021!
Thank you, and we look forward to hearing from you,
Posted by AGORACOM
at 12:07 PM on Tuesday, November 24th, 2020
sponsor: Durango owns 100% interest in the Trove claims, in the Windfall Lake area between Val d’Or and Chibougamau, Quebec., which are surrounded by Osisko Mining Inc. The property is compelling due to the coincidence of gold found in tills, coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. Durango is undergoing a final review process for the proposed 3,000m drill program in 2020. Click Here For More Info
Crescat November Research Letter:
Gold & Silver Miners Turn Over a New Leaf:
Top 50 largest gold and silver miners have had five straight quarters of positive free cash flow for the first time in the last three decades.
Gold and silver mining companies are the real beneficiaries of today’s macro environment with strong balance sheets, high growth, and still incredible undervaluation.
One of the few areas of the equity market that is meaningfully improving fundamentally is the precious metals mining industry. With gold and silver prices at their current levels, these companies are set to massively expand their margins. This is indeed a new phenomenon for the miners. After 25 years of constantly losing money and regrettably creating a long-standing reputation of being capital destroyers, this industry is becoming one of the most disciplined and profitable businesses in the global economy today. In fact, the median stock among top 50 largest gold and silver miners has had five straight quarters of positive free cash flow for the first time in the last three decades. We believe this is only the beginning. These stocks are becoming new cash flow machines with the strong support of precious metals prices moving higher. Gold and silver mining companies are the real beneficiaries of today’s macro environment with strong balance sheets, high growth, and still incredible undervaluation.
Risk Parity Exhaustion
Among all the demand drivers for gold, we view the lack of competing cheap assets being a major one. For the first time in history, junk bonds and stocks are record overvalued in tandem. We have only seen the exact opposite of this. That was in the Global Financial Crisis when US equities and corporate bonds both hit rock bottom. This time, we are on the other side of the coin. Both sides of the so-called risk parity strategy, stocks and bonds, are at extreme valuations. In a world of near zero to negative yields and frothy valuations across almost every risky asset, it will become imperative for investors to seek out undervalued assets that are true beneficiaries of the current macro environment. In our view, precious metals are poised to become the new core must-have asset for capital allocators. Gold and silver are risk-off alternatives to bonds in the portfolios of prudently minded investors in today’s market. At the same time, attractively priced, high-growth gold and silver mining companies serve to ignite the animal spirits of traders and investors looking for a risk-on alternative to overvalued, low-growth stocks at large.
Posted by AGORACOM
at 10:39 AM on Thursday, November 19th, 2020
Affinity Metals discusses rational for recently acquired Carscallen Extension property. The Carscallen Extension immediately adjoins the Melkior/Kirkland Lake Gold JV Carscallen Project located approximately 6 km west of Pan American Silver’s West Timmins Mine and approximately 25 KM West of Timmins. The company has recently announced the commencement of drilling on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV.
Posted by AGORACOM
at 9:32 AM on Thursday, November 19th, 2020
Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to provide an update on the exploration program on its wholly owned Trove Property and East Barry Property at Windfall Lake, Quebec.
Trove Property
To date, 1,047m have been drilled in six holes on the Trove Property at an average depth of 174m. The objective of the drill campaign is to test IP anomalies derived from previous exploration work on the Trove Property. The Company is satisfied that the induced polarization (“IP“) target zones have been intersected as planned on the first six holes. Further, approximately 1,000 samples are pending assays at the labs. The samples were submitted to the labs in batches as they were collected, and are expected to be completed soon.
Unseasonably wet and warm weather in the Windfall area has proved challenging for moving the drill between holes at Trove. The weather provided the exploration team an opportunity to take a short break which also helped to reduce the back log with the labs (currently up to 45 day turn around) before the scheduled resumption of drilling expected on Monday, November 23, 2020. Another six high priority holes are planned on the Trove Property to test coincident geophysical and geochemical anomalies beginning on Monday.
East Barry Property
Durango has recently submitted drill permit applications for the East Barry claim block to test a high priority target coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend. As soon as the weather conditions are favourable for access, a drill will be commissioned to East Barry to test a geophysical anomaly which aligns with an artificial intelligence (“AI“) target.
Marcy Kiesman, CEO of Durango, stated, “While the warm weather was helpful for Durango’s exploration crew expanding the ground exploration program onto the East Barry Property this past month, it has created challenges for drilling on the Trove Property. Our team has been successful working on three of the four IP grids and drilling six of the high priority holes as planned on the Trove Property thus far. Our team was also effective in completing surface work on the East Barry Property which provided a compelling case for test drilling in an area with a known AI target. We look forward to continued drilling into the winter months and releasing the assay results as they become available.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Trove Property has not yet been subject to an NI-43-101 report.
Trove Property, Quebec
Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX-OSK), in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is currently undertaking its inaugural drill program.
East Barry Property, Quebec
Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization (“IP“) survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Posted by AGORACOM
at 8:50 AM on Thursday, November 19th, 2020
Vancouver, British Columbia–(Newsfile Corp. – November 19, 2020) – Affinity Metals Corp. (TSXV: AFF) (FSE: 34IA) (“the Corporation”) (“Affinity”) is pleased to announce that it has started its first drill program on the recently acquired Carscallen Extension property. The Carscallen Extension immediately adjoins the Melkior/Kirkland Lake Gold JV Carscallen Project located approximately 6 km west of Pan American Silver’s West Timmins Mine and approximately 25 KM West of Timmins, Ontario.
Affinity’s planned drilling is on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV. Melkior has reported that the Shenkman-ZamZam zone extends for 800 meters and is open to both the northwest and southeast, as well as at depth. High grade intercepts reported by Melkior on the Carscallen include 23.5 g/t Au over 8.0 meters (Melkior news release 28/11/2019) and 25.7 g/t Au over 6.0 meters (Melkior news release 7/5/2020).
Rob Edwards, CEO of Affinity Metals, remarks, “We are very excited to commence our initial drill program on our Carscallen Extension property as we are located on trend and within a kilometer of work being conducted by Kirkland Lake. We have some very promising targets that have been identified by our geophysics. It will be an eventful winter season here at Affinity, as we await assays from our Regal Property and focus on the initial drill program on the Carscallen Extension. We are very optimistic about the value that will be created by our work on these properties this year.”
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 recently completed a drill program on the Regal Project located near Revelstoke, British Columbia and is now awaiting assay results from that work.
The Corporation recently acquired the Carscallen Extension property located immediately adjacent to the Melkior-Kirkland Lake Carscallen project in Ontario as well as the Windfall North property, located adjacent to Osisko’s Windfall project in Quebec. Affinity also holds four additional properties located in Ontario and one additional property located in British Columbia.
On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp.
Posted by AGORACOM-JC
at 6:20 PM on Thursday, November 5th, 2020
Affinity Metals (AFF:TSX-V) (34IA: FSE) recently made two key property acquisitions. The Carscallen Extension adjoins the Kirkland Lake / Melkior $110 million Joint Venture and is on trend. Melkior’s Carscallen property has gained considerable attention in recent months since Kirkland Lake Gold first entered into negotiations. Melkior recently closed a strategic partnership with KL in an option deal worth up to $110 million. The confidence of a major producer entering into an agreement of this size is very promising and shows the potential of this newly discovered gold system.
The Windfall North is along strike to the northeast from Osisko’s rapidly growing Windfall Lake deposit within the prolific Abitibi Greenstone Belt. Osisko’s 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.
Sit back and discover why Affinity offers multiple opportunities to take advantage of a growing bull market in metals.
Posted by AGORACOM
at 10:43 AM on Wednesday, October 21st, 2020
Vancouver, BC – TheNewswire – October 21, 2020 – Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to report that further to its news release dated October 8, 2020, the Company has started an exploration program on the East Barry Property which is located 2km east of the Trove Property at Windfall Lake, Quebec.
The East Barry Property was recently expanded in size and is now 7,740 hectares, bordering Osisko Mining Inc. (TSX:OSK) on the west and Bonterra Resources Inc. (TSXV:BTR) on the north. Durango’s exploration crew was tasked with exploring the East Barry along the 10km long gold in till trend for geological reconnaissance. The crew has also been asked to proceed with a north south Spontaneous Polarity (“SP“) geophysical survey across an area of high interest.
Due to the rehabilitation of old access roads, the exploration team is able to complete geological reconnaissance in areas previously unaccessible on the East Barry Property. New outcrops have been discovered on high ground providing key geological information for the area. During this exploration campaign on the East Barry Property, a mineralized quartz feldspar porphyry (“QFP“) dike associated with quartz veins was discovered (see Figure 1).
Figure 1. QFP dike with 0.5 to 1% pyrite mineralization along the newly cleared road.
Marcy Kiesman, CEO of Durango, stated, “Durango’s exploration crew took the opportunity of favourable weather and newly rehabilitated roads to expand the ground exploration program onto the East Barry Property. The East Barry Property has minimal outcrop, so all of the information we can gather on rock exposure is extremely important in order to identify geological similarities with the Windfall Lake deposit and potential mineralization associations. Durango will continue to explore the East Barry Property in the upcoming weeks concurrently with its ongoing drill campaign on the Trove Property. We look forward to analyzing the results in comparison with our neighbours’ data.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Trove Property has not yet been subject to an NI-43-101 report.
Trove Property, Quebec
Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX-OSK), in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is currently undertaking its inaugural drill program.
East Barry Property, Quebec
Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization (“IP“) survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
