Business
Affinity Metals Corp. Enters into Agreement to Acquire the West Timmins Gold Property
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Affinity Metals Corp. (TSXV: ...
About this update from Affinity Metals Corp
[{"type":"text","content":"Affinity Metals Corp. Enters into Agreement to Acquire the West Timmins Gold PropertyVancouver, 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 cla...