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AFYG Affinity Gold Corp (CE)

0.0001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Affinity Gold Corp (CE) USOTC:AFYG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

Affinity Gold Corp. Announces Assay Results

06/10/2009 7:00am

PR Newswire (US)


Affinity Gold (CE) (USOTC:AFYG)
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MAPLE GROVE, Minn., Oct. 6 /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC:AFYG) (BULLETIN BOARD: AFYG) ("Affinity" or the "Company") announces assay results from samples taken to date from the Company's alluvial gold project in San Gaban - Carabaya, Puno, Peru. "We are absolutely thrilled about the results of our sampling and assay testing so far and continue to believe the results support our belief that the San Gaban - Carabaya, Puno, Peru project has the potential of becoming a world-class alluvial gold-producing mine in the near future," says CEO & President Mr. Antonio Rotundo. Highlights: -- Approximately 10 to 15% of the property has been tested and sampled. -- In addition to the very positive indications of gold content, the assay results also indicate considerable levels of silver. The Company has yet to conduct metallurgical testing. -- A limited number of test pits and sampling on other parts of the property have been positive for coarse gold. We have not produced or sampled gold concentrate from these pits. We will continue to sample all of the property owned by the company. -- We are currently sourcing additional mobile equipment, as well as mineral processing equipment to maximize the amount of gold concentrate produced. -- The Company is currently in the process of producing a 43-101-compliant Technical Report. Assay Results: -- Four (4) gold concentrate assays ranged from 11.997 to 25.019 ounces per tonne -- Five (5) gold concentrate assays ranged from 47.04 to 75.48 ounces per tonne -- Two (2) gold concentrate assays were 7.372 and 120.956 ounces per tonne -- Two (2) assays of gravel grab samples were .005 and .015 ounces per tonne -- Three (3) assays from the Knelson Concentrator Powder ranged from .292 to 2.156 ounces per tonne -- One (1) assay taken from top end of property near the Rio Rinchero River returned .348 ounces per tonne -- One (1) assay of material grab sample taken from the vibratory sluice (prior to going through wash plant) returned an assay of .088 ounces per tonne -- Seven (7) composite check assays ranged from 1.52 to 4.304 ounces per tonne For further information please refer to the Company's filings with the SEC on EDGAR available at http://www.sec.gov/. About Affinity Gold Corp.: Affinity Gold Corp. is a mineral exploration and development company engaged in the acquisition, exploration and development of gold mineralization properties internationally. Affinity Gold Corp.'s current primary focus is gold exploration in Peru. http://www.affinitygold.com/ FORWARD-LOOKING STATEMENTS This news release may include "forward-looking statements" regarding Affinity Gold Corp., and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Affinity Gold Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Affinity Gold Corp. does not undertake any obligation to update any forward-looking statement, except as required under applicable law. DATASOURCE: Affinity Gold Corp. CONTACT: Affinity Gold Corp., +1-763-424-4754, Web Site: http://www.affinitygold.com/

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