Affinity Gold Corp. Releases Corporate Update
05 Octobre 2010 - 4:29PM
Affinity Gold Corp. (Pink Sheets:AFYG) ("Affinity" or "the
Company") is pleased to release a corporate update regarding the
Company's progress over the previous 45 days as well as a look
ahead to the coming months.
Since the prior Corporate Update released on August 18th, the
Company has continued to take progressive steps towards meeting the
core corporate goals set forth by President and CEO Mr. Corey
Sandberg. "I continue to be pleased with the forward progress of
Affinity and have become very excited about future opportunities as
gold prices continue to make new all-time highs," he said.
On August 25th, the Company announced the appointment of Mr.
Robert Miller as the new General Manager of the Company's Peruvian
subsidiary. Mr. Miller possesses the management and leadership
capabilities to assist in meeting the Company's goal of
establishing small-scale alluvial mining operations in Peru.
A return visit to Peru is scheduled for late October in which
Mr. Miller will lead Mr. Sandberg and a group of potential business
partners from China on a tour of the Company's current and planned
sites, which will include multiple stops in southeastern Peru.
The Company is also finalizing details on a mineral sampling
program that is intended to be launched in mid-October. This
program is intended to target certain concessions in southeastern
Peru that the Company believes have the potential to possess gold
mineralizations. The samples are intended to be submitted for assay
testing and results are expected to be returned in late October or
early November.
Internally, the Company has continued to implement new
governance policies at the parent and subsidiary level.
Furthermore, on September 1st, the Company announced the engagement
of Hansen, Barnett, & Maxwell, P.C. as the new independent
accounting firm. "I'm pleased to say that we've made the necessary
arrangements to begin the work of becoming current in our filings
and better position ourselves for a more favorable listing
venue."
"Affinity will continue to place key people in leadership roles
going forward. This gives me great confidence that the Company will
continue on its path towards a successful future that will benefit
our shareholders while having a positive impact on the communities
in which we operate," said Mr. Sandberg.
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.
Through its 99.99% 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 and the mining concession
certificate as evidenced by Certificate No. 7996-2006-INACC-UADA
granted to AMR by the Republic of Peru, National Institute of
Concessions and Mining Cadastre on December 11, 2006 (the "Mining
Concession Rights").
www.affinitygold.com
For further information, please refer to the Company's filings
with the SEC on EDGAR available at www.sec.gov
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.
CONTACT: Affinity Gold Corp.
+1-763-424-4754
info@affinitygold.com
Barwicki Investor Relations
Investor Relations Contact:
andrew@barwicki.com
+1-516-662-9461
Affinity Gold (CE) (USOTC:AFYG)
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