Trading on the OTC Bulletin Board, Affinity Gold Corp. is a junior gold exploration company. Their focus is on the exploration, acquisition, and development of alluvial and open-pit mining concessions located within Latin America. The Company’s core strategy is to acquire, prove, and develop high-grade low-cost gold properties, conducive to alluvial and open pit mining operations.
Affinity Gold received incorporation as “Syncfeed Inc.” in the State of Nevada on March 27, 2007. Effective February 10, 2009, with the State of Nevada, they completed a merger with their wholly owned subsidiary, Affinity Gold Corp. Consequently, they changed their name from Syncfeed Inc. to Affinity Gold Corp. to reflect better the intended direction and business of their Company.
Affinity Gold’s core strategy is to acquire and develop properties, through direct acquisition, joint ventures, or partnerships. The Company has their flagship project in southeastern Peru east of the Andean Mountains and situated in the heart of the Inambari River Basin. This is an area historically known for containing high concentrations of gold.
Through their 99.99 percent owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the owner of the mining concession title named “AMR Project” covering 500 hectares in Puno, Peru. The property is in the Inambari River Basin on the flat plains region at an altitude greater than 1500′ and accessible by land and air.
By land, the property is accessible via an 8-hour drive from Cuzco, Urcos, Quincemil and San Lorenzo; or a 10-hour trek from Juliaca, Azangaro and San Gaban. The property is also accessible by helicopter with a one-hour flight from Lima. The Company built a helipad to accommodate air travel to and from the site.
Affinity Gold has identified and begun negotiating additional concession rights within the area of their flagship project. They are also pursuing other potential joint ventures and land acquisitions in Peru and Mexico.
For 2010, the Company continues to focus on executing their plan of putting their flagship project into production by the end of the second quarter. They look to raise $1 Million in the first quarter and up to another $3 Million in the second. In addition, the Company is continuing with the second phase of their planned exploration program to attempt to quantify the fine gold available on the property as well as increase the measured, indicated, and inferred reserves published in first release of the Company’s N.I. 43-101 Report.