Regal Property

Affinity Metals holds under option, a 100% interest in the Regal Project (previously known as the Allco Property) located within the northern end of the prolific Kootenay Arc, approximately 25 km northeast of Revelstoke, British Columbia, Canada. Property logistics are extremely favorable with road accessibility directly off the Trans Canada Highway and a main power line located in very close proximity.

Exploration Updates

Affinity is now completed the drilling portion of the 2020 Regal exploration program at the Regal property located in the northern end of the prolific Kootenay Arc approximately 35 km northeast of Revelstoke, British Columbia, Canada.

A total of 3,442.5 meters of diamond drilling was completed with 19 holes being drilled.

Core logging, sampling and splitting is ongoing and nearing completion and all core samples are expected to be delivered to the lab no later than November 8th.

History

The extensive property package spans approximately 8,800 hectares and hosts multiple past-producing mines including the Regal Silver mine, the Allco Silver mine and the Snowflake mine.

The Regal Silver Mine has had a long and varied history, with small amounts of production up to 1953. The Mine is largely developed, with over 6,700 meters of horizontal adits, cross-cuts and raises over ten levels which cover a vertical distance of approximately 305 meters from the No 1 level at the 1,693.6 meter elevation down to the No. 10 level at 1,388.7 meter elevation. Very little work and no known production has taken place since 1971.

Mineralization within the mine is comprised of galena, sphalerite, pyrite, tetrahedryite, cassiterite, stannite, scheelite and various silver minerals in a quartz-carbonate matrix deposited in fracture zones. These zones are expressed as a series of sub-parallel structurally controlled veins, striking northwesterly and dipping to the northeast at angles varying between 65° near surface, flattening to nearly 25° at 300 meters of depth, which vary in width from 0.3 to 9.1 meters, with an average width of nearly 2.44 meters.

The Allco Silver Mine is also part of the Regal property and was operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troz gold (1.55 g/t), 11,211 troz silver (1,637 g/t) and 173,159 lbs of lead (36.9%).

Minfile No. 082N 004

Recent Airborne Geophysics

to Guide Future Exploration

In 2011, an extensive airborne geophysical survey (ZTEM and Aeromagnetic) conducted by Geotech Ltd. of Aurora, Ontario, for Northaven Resources Corporation outlined 4 well defined high potential target zones within the Regal Property. This survey also defined a curvilinear EM trend in excess of 8 kilometres running northwest through the Regal Property and connected several historical showings and the Mastodon mine with Rokmaster Resources Corp.’s Revel Ridge project, 2.5 kilometres to the north.

Northaven was unable to conduct further follow-up exploration work on the property and forfeited the claims; Affinity now has the opportunity to continue where they left off.

Airborne Results on Allco – Webinar

Northhaven Resources created a video webinar explaining the property and the survey. You can view by clicking this link.

Acoustic EM Geophysics Survey

Recent Exploration Highlights

 

2019 Drilling Results

With numerous high grade intercepts in multiple holes, a significant new silver discovery was made in the Allco area 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.

A total of 1,846.35 meters of diamond drilling was completed with 21 holes being drilled.

The drilling was divided over two separate target areas with 10 holes from two separate drill pads allocated to testing two areas within a graphitic argillite/limestone contact in the Allco area. Mineralized intersections encountered within the Allco area drill core consisted mostly of argentiferous galena, sphalerite and tetrahedrite hosted within quartz veins and breccias along a regional northwest-southeast fault that separates the limestones from the argillites.

A further 11 preliminary confirmation holes were drilled from a single drill pad designed to begin testing the underground structure associated with the historic Regal/Snowflake mines. The Regal mine is located within moderately to gently, westerly dipping, graphitic phyllites/argillites of the lower Index Formation. Mineralization, hosted in quartz veins concordant with host rocks, consists of pyrite, galena, sphalerite, and locally with scheelite (lower levels), stannite (upper levels), and trace chalcopyrite/tetrahedrite throughout. Sulphides occur either as disseminations in the quartz, or as massive pods or bands parallel with slatey partings.

Allco Drilling Results

Regal Drilling Results

Quality Assurance and Quality Control Procedures
The Company employed a QA/QC program that was managed by a qualified person during the entire drill program. Blanks, duplicates (both pulp splits and 1/4 core), and two certified standard reference materials were used. These QA/QC samples were inserted at a rate of 1 every 10 to 15 samples. MSA Labs processed and completed all analytical work at their facility in Langley, BC. Samples were analysed by the following methods, as appropriate, to determine grades: ICP-130 35 element two acid digestion with ICP-AES finish, IMS-130 51 element two acid digestion with ICP-AES/MS finish, FAS-418 Ag 30g fire assay with gravimetric finish, determination of Ag, Cd, Pb, W, and Zn with four acid digestion and ICP-AES finish, determination of Pb and Zn by titration, and determination of Sn by Sodium Peroxide fusion with ICP-OES finish.

2019 Grab Sample Assay Results

 The Corporation received assay results for all 22 rock samples collected in September 2019 from the Black Jacket and Allco areas of the property. Of the 22 grab samples collected from surface outcrops, the majority contained bonanza grade silver, zinc, and lead with many samples reaching assay over-limits.

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