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The latest update is out from Affinity Metals ( (TSE:AFF) ).
Affinity Metals Corp., a North American-focused explorer of strategic metal deposits that owns the Regal high-grade silver project in British Columbia, is expanding its footprint into one of Canada’s most prolific gold regions. The move underscores the company’s effort to diversify beyond silver and strengthen its position in precious metals exploration.
The company has entered into a three-year option agreement to acquire a 100% interest in the 2,500-hectare Discovery Lake gold property near Sioux Lookout, Ontario, in the Abram-Minnitaki Lake Greenstone Belt. Affinity will pay $64,000 and issue 200,000 shares to the optionor, who retains a net smelter royalty, as the firm prepares an exploration program in a region adjacent to active high-grade gold drilling, signalling a strategic push into a highly prospective gold camp.
More about Affinity Metals
Affinity Metals Corp. is a North American-focused exploration company specializing in the acquisition, exploration and development of strategic metal deposits. The company currently holds the 100%-owned Regal high-grade silver property near Revelstoke, British Columbia, and is listed on the Canadian Securities Exchange under the symbol AFF.
YTD Price Performance: 75.00%
Average Trading Volume: 44,225
Technical Sentiment Signal: Buy
Current Market Cap: C$4.61M
Learn more about AFF stock on TipRanks’ Stock Analysis page.