Aurvista Gold Corporation Expands Mineral Resources at Douay

ID: 1489549
recent pressrelease next pressrelease

(businesspress24) - MONTREAL, QUEBEC -- (Marketwired) -- 02/28/17 --

Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE: AVA)(OTCQB: ARVSF)(FRANKFURT: AV2) is pleased to announce the New Mineral Resource Estimates (the "New Estimates") as received from Micon International Limited ("Micon"), for the Company''s Douay Gold Project ("Douay"). The New Estimates extends from surface to an average -250 meters in vertical depth, 7,000 meters in surface length and remains open in all directions (refer to appended Figure 1), which includes higher and lower gold grades that have never been mined. The following table summarizes the New Estimates for Douay under cut-off grades of 0.5 g/t gold and 0.7 g/t gold:

Mr. Jean Lafleur, President and CEO of Aurvista stated: "The significant increase in mineral resources generated at cut-off grades consistent with other projects in the region are indicative of what we consider to be the outstanding potential for an economic bulk tonnage deposit at Douay, should a PEA or mining study establish the economic viability and technical feasibility of the project, with the potential to add additional ounces and higher grades within this substantial mineralized system. Our improved understanding of mineralizing controls together with an appreciation of the internal gaps in the drilling will allow us to develop an effective and efficient drill campaign to expand and upgrade this significant resource."

The appended Table 1 details the New Mineral Resources Estimates for each of the 8 gold zones covering the Douay West, Porphyry, 531, 10, 20, Main, North-West and Central zones, by cut-off grade ranging from 0.3 to 5.0 g/t gold; and the criteria used to determine the New Estimates and the resources statement for the Inferred category. Micon developed a three-dimensional block model of Douay based, in part, on Aurvista''s 2016 interpretation of the geology and structural controls on gold mineralization over the 7,000 meter trend. Micon is currently completing the National Instrument 43-101 Technical Report supporting the Estimates which will be filed within 45 days of this news release on SEDAR at .

Comparison Between the Current 2017 and Historical 2012 Mineral Resource Estimates

In 2012, Aurvista filed a Technical Report on the updated Mineral Resource Estimates from Riverbend Geological Services Inc. ("Riverbend") for Douay - refer to the Technical report titled "Douay Deposit, National Instrument 43-101 Compliant Technical Report" dated August 10, 2012, prepared by Cliff Duke, P. Eng., Riverbend Geological Services Inc., under Aurvista Gold Corp., at ), now considered historical Mineral Resource Estimates.

The following table compares the current 2017 Micon Estimates with the historical 2012 Riverbend Estimates:

The current 2017 Micon Estimates and historical 2012 Riverbend Estimates used similar statistical criteria to build the resource block model. However, the 2017 Micon model benefited from the new interpretation based on the re-logging, re-description and assaying of previously un-assayed mineralized intervals of drill core from Douay. This work showed a greater lateral and vertical continuity of rock units, structural trends and gold mineralization, which were non-existent in the historical 2012 Riverbend model (refer to appended Figure 1); hence, the greater volume/tonnage of mineralization in the current 2017 Micon model: 130 million tonnes of Inferred resources in the 0.5 g/t cut-off grade versus the historical 2012 Riverbend study at 61.5 million tonnes, both at the same grade of 1.06 g/t gold.

About Micon International Limited

Micon International Limited (Micon), mineral industry consultants, is an independent firm of senior geological, mining, metallurgical and environmental consultants. The firm operates from integrated offices in Toronto and Vancouver, Canada and Norwich and Cornwall, United Kingdom. The professionals of Micon have extensive experience in the mining industry with both mining companies and leading consultancy firms.

Douay Gold Project and Company Profile

Aurvista Gold Corporation is a junior gold exploration and development Company advancing one of the largest undeveloped gold projects in Quebec. The Company has 134,034,900 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTCQB in the US. Aurvista''s Douay Gold Project consists of a 100% owned interest in 250 contiguous claims totaling 133.1 km2, plus a 90% interest in 5 contiguous claims totaling 0.2 km2 and a 75% interest (25% held by SOQUEM) in 32 contiguous claims totaling 11.9 km2. In total, there are 287 claims covering 145.3 km2 located along a 20 km segment of the Casa Berardi Deformation Zone in the prolific Abitibi Belt of northern Quebec. Douay is located 40 km SW of the Matagami Base Metal Camp and 150 km N of the Val-d''Or-Malartic Gold Camp (both in Quebec). For more information, please visit the Company''s website at .

Qualified Persons

The technical contents in this news release have been reviewed and approved by Mr. Jean Lafleur, M. Sc., P. Geo., President and CEO for Aurvista Gold Corporation, and Mr. William Lewis, B.Sc., P. Geo., of Micon, who is independent of Aurvista and who is responsible for the Mineral Resource Estimate. Both individuals are Qualified Persons under National Instrument 43-101.


Forward-Looking Statements

This news release may contain forward-looking statements based on assumptions, uncertainties and management''s best estimate of future events. Actual events or results could differ materially from the Company''s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation''s filings with Canadian securities regulators available on or the Company''s website at .

Table 1. 2017 Micon Mineral Resource Estimates (i) in the Inferred Category for the Douay Gold Project.

Figure 1. Longitudinal section covering the 7,000 meter mineralized trend of the Douay Gold Project comparing the extent of the 2017 Micon and 2012 Riverbend models:


Mr. Jean Lafleur, P. Geo.
President and CEO, Director
Cell: +1 514 927 3633

Mr. Keith C Minty, P. Eng., MBA
Chief Operating Officer
Phone: +1 416 682 2671

More information: http:// http:// http:// http:// http:// http:// http:// http://WWW.CRYSTALEXPLORATION.COM http://www.powe

Keywords (optional):


Company information / Profile:

PressRelease by


PressContact / Agency:

published by: Marketwired
print pressrelease  send to a friend  

Date: 02/28/2017 - 06:00
Language: English
News-ID 1489549
Character count: 3523
Firma: Aurvista Gold Corporation
Ansprechpartner: Feedback to about Pressrelease-id:


Number of hits: 25


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 8 084
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 99

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.