Affinor Resources Inc.
TSX VENTURE : AFI

Affinor Resources Inc.

October 25, 2006 10:26 ET

Affinor Acquires a Property in the Hebecourt Township

LAVAL, QUEBEC--(CCNMatthews - Oct. 25, 2006) - AFFINOR RESOURCES INC (TSX VENTURE:AFI) announces that it has aquired 10 claims in the Hebecourt township.

The Hebecourt property is located 50 North-West of Rouyn-Noranda on the shores of Lake Hebecourt in the township of the same name in Abitibi. The property is made up of 10 claims totalling 421 hectares in the center of the township.

From a geological point of view, the group of claims is located in the North-West part of the Blake River Group in the Rouyn-Noranda Mining Camp. It sits at the center of the Porcupine-Destor fault to the North and the Cadillac-Larder Lake fault to the South. The geology of the property consists of a piling of volcanic lava of andesitic to rhyolitic composition and associated agglomerates. Furthermore, 5.6 km south of the property lies the copper deposit of New Insco, a deposit of massive sulfurs with a resource of 790,000 short tons with a copper grade of 2,70%. It is thus an actively explored area, favourable to the discovery of copper, zinc and gold deposits.

The Company will own 100% of the property against the payment in 3 installments of $26,500 to the seller, 9169-0313 Quebec Inc., with a first payment of $10,500 upon signature of the agreement. Subject to the approval of the regulatory bodies, the company will issue to the seller 500,000 treasury shares.

As per the agreement, the Company must perform a due diligence before November 3rd 2006.

There are no finders fees payable following this arm's length transaction

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information presented in this release.

Contact Information

  • Affinor Resources Inc.
    GILLES PROVOST
    President
    450-622-6626
    450-622-8292 (FAX)