Affinity Gold Corporation Announces Update
April 22 2009 - 11:56AM
PR Newswire (US)
MAPLE GROVE, Minn., April 22 /PRNewswire-FirstCall/ -- Affinity
Gold Corp. (OTC:AFYG) (BULLETIN BOARD: AFYG) (the "Company") is
pleased to provide an update to its shareholders and the investment
community regarding progress made against executing the company's
business plan and accomplishing near-term objectives. Pursuant to
the Company's plan to complete a NI 43-101 Report (a Canadian
securities technical property report) on the San Gaban - Ayapata
property in Puno, Peru, currently owned by AMR Project Peru, S.A.C.
("AMR"), Robert W. Laakso, the Company's Independent Geologist and
Qualified Person (QP), along with his team, recently returned from
Peru after successfully conducting initial due diligence. Mr.
Laakso was able to visit the Instituto Minero Y Metalurgico in
Lima, Peru to validate the legality of ownership of the property,
mining concession rights and registration in the name of AMR and
the issuance of the mining permit required to begin mining
operations on the property. Mr. Laakso found all documents to be in
good order and recorded in the Peruvian government electronic
files. Mr. Laakso and his team are scheduled to return to Peru in
the second week of May to begin sampling and exploration activities
necessary for the completion of the Company's NI 43-101 Report on
this property. Flagship Project: Upon completion of the acquisition
of this property, this property will become the Company's flagship
project. The property is located in southeastern Peru east of the
Andean Mountains and situated in the Inambari River Basin, an area
known for containing high concentrations of gold. 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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