Affinity holds a three-year option from 1544230 Ontario Inc. to earn a 100% interest in the Discovery Lake Property near Sioux Lookout, Ontario. The property comprises 124 mining cells covering more than 2,500 hectares. Consideration consists of C$64,000 in staged cash and 200,000 shares, and the optionor retains a 1.5% net-smelter-return royalty subject to a 0.5% repurchase right for C$500,000.
- Country
- Canada
- Commodity
- Au
- Stage
- Discovery