Minimize

Welcome!

Aurvista releases assay results from Duvay – Extends Strike and Expands Porphyry

Cory
July 17, 2017

Below are the latest assay results from the 2017 drill program at the Aurvisita Gold Douay project. The total program was 23,965 meters across 59 drill holes. The new results included in today’s news were 13 new drill holes totaling just over 5,000 meters.

When I was at PDAC back in March I spend the better part of an afternoon with the Aurvista team to get a better handle on the story. I was impressed enough to buy shares and continue to hold those shares. The Douay project is a large porphyry style deposit that continues to expand and show potential of adding ounces from other deposits very close to the main deposit. These drill results further confirm that there is consistent grade around and at depth. This may not be the highest grade sexy deposit but it is shaping up to be a very attractive large scale deposit that many people like to see in Quebec.

Click here to visit the Aurvista website for more information on the Company.

Also be sure to email me if you have questions for management or I about this Company – Fleck[at]kereport.com.

Aurvista Gold Corporation Extends Strike at Douay West and Expands Porphyry Mineralization; Highlights Include 9.0 m @ 4.53 g/t Au and 4.50 m @ 4.68 g/t Au

Montreal (Quebec): Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA, OTC: ARVSF; Frankfurt: AV2) is pleased to report the final drill results and summary from the recently completed 2017 spring-summer drill program. The drill program totaled 23,965 metres (m) across 59 drill-holes. Forty of the 59 completed drill-holes focused on the 4km long porphyry trend, extension targets and multiple zones of mineralization parallel to the core porphyry system. Included in the assays reported today are 13 new drill-holes (5,192m) located in the central segment of the porphyry system (Porphyry Zone, 20 Zone and Central Zone), which was successful in hitting more high-grade gold, significant low-grade halos of mineralization, as well as delineating further mineralization at depth. High-grade highlights include:

  • DO-17-202: 9.0m @ 4.53 g/t gold Au (including 1.5m @ 15.7 g/t Au)
  • DO-17-200: 4.5m @ 4.68 g/t Au
  • DO-17-197: 1.2m @ 13.35 g/t Au
  • DO-17-187: 1.1m @ 4.84 g/t Au and 1.5m @ 4.13 g/t Au

DO-17-202 and DO-17-200 demonstrate the potential for higher-grades and additional ounces with further drilling along the northern boundary of the Porphyry Zone (the “North Zone”), while DO-17-187 expanded known mineralization at the southern edge of the main Porphyry Zone. In addition to the high-grade results, significant lower-grade mineralization was also intersected in a number of the recently received assay results. Highlights below:

  • DO-17-197: 23.9m @ 0.51 g/t Au
  • DO-17-194: 14.0m @ 1.37 g/t Au and 6.0m @ 1.28 g/t Au
  • DO-17-192: 33.0m @ 0.55 g/t Au and 10.2m @ 0.77 g/t Au
  • DO-17-187: 10.5m @ 1.45 g/t Au, 6m @ 1.12 g/t Au, 7.5m @ 0.86 g/t Au and 9.0m @ 0.56 g/t Au
  • DO-17-182: 7.5m @ 1.03 g/t Au15m @ 0.47 g/t Au and 13.5m @ 0.46 g/t Au

Note: All footages shown are core lengths. True widths represent approximately 90% of core lengths.

DO-17-192 expands known mineralization between the Porphyry Zone and 20 Zone, and DO-17-182 extended known mineralization down to more than 600 metres in depth. View a drill-hole location map highlighting new results from the central segment of the porphyry system by clicking here.

Aurvista’s President and CEO, Matthew Hornor, stated: “We are very encouraged with the latest assay results within this core central segment of the porphyry system at Douay. We see great potential to add ounces by linking zones of mineralization, our technical group will update internal models and focus on the highest priority targets in subsequent drill campaigns.

Assay results were received from a final drill-hole at the eastern edge of the Douay West Zone (DO-17-190), which returned 7.5m @ 1.39 g/t Au and indicates the potential to significantly increase the original Douay West Zone footprint with further drilling. This result builds on previously announced drill results (news releases dated February 22, April 3 and May 8, 2017), which included the following highlights:

  • DO-17-147: 20.6m @ 2.11 g/t Au (twins historical hole D-128)
  • DO-17-148: 2.7m @ 4.69 g/t Au
  • DO-17-149: 23.1m @ 2.20 g/t Au and 4.5m @ 1.05 g/t Au
  • DO-17-150: 36.0m @ 0.89 g/t Au
  • DO-17-151: 4.5m @ 3.53 g/t Au

Note: All footages shown are core lengths. True widths represent approximately 90% of core lengths.

Additional Douay West Zone expansion targets will be followed up in subsequent drilling campaigns. View the drill-hole locations with all of the mineralized resource zones outlined by clicking here [Inferred Mineral Resource Estimate of 2.8M ounces @ 1.05 g/t Au (0.5 g/t cut-off) – filed on SEDAR on April 11, 2017].

Another objective of the spring-summer 2017 drilling campaign was to test the NW Porphyry extension target area (“NW Porphyry”). A total of 20 step-out and widely spaced (200 to 400 metre) drill-holes were completed and confirmed that the porphyry system extends to the northwest. Included in the assays reported today is an additional 11 drill-holes (4,102 metres), with several drill-holes intersecting gold mineralization hosted in similar silicified, brecciated and pyrite bearing porphyry rock units. Highlights below:

  • DO-17-169: 34.5m @ 0.79 g/t Au, 4.5m @ 2.46 g/t Au, and 9.0m @ 0.72 g/t Au*
  • DO-17-173: 3.0m @ 2.19 g/t Au, 7.5m @ 0.64 g/t Au and 4.5m @ 0.55 g/t Au*
  • DO-17-181: 2.1m @ 3.25 g/t Au and 1.0m @ 1.93 g/t Au
  • DO-17-189: 4.6m @ 0.88 g/t Au5.1m @ 0.64 g/t Au and 7.1m @ 0.46 g/t Au
  • DO-17-191: 7.0m @ 0.61 g/t Au
  • DO-17-193: 4.5m @ 0.50 g/t Au, 4.5m @ 0.45 g/t Au and 9m @ 0.45 g/t Au

Note: All footages shown are core lengths. True widths represent approximately 90% of core lengths.
*DDH-17-169 was located 500m north-northwest of the main Porphyry Zone. DDH-17-169 and DDH-17-173 were first reported on May 8, 2017.

The full table of 2017 Spring-Summer Highlighted Drill Results is available on the Company’s website:
http://www.aurvistagold.com/images/pdf/2017/2017_Spring-Summer_Drilling_Campaign_Highlighted_Results.pdf

There are very few historical drill-holes within the 5km long by 500m wide NW Porphyry target area and the current drilling campaign was successful in establishing the potential for a new lower grade gold segment and extension of the porphyry mineralization. The Company also completed 11 exploration drill-holes targeting gold bearing Volcanogenic Massive Sulphides (“VMS”) style mineralization at the EM Conductor target areas (“E” and “G”). Minor highlights included DO-17-176: 1.5m @ 1.81 g/t Au at the Conductor E target, and 6.4m @ 2.77% zinc (DO-17-201A) at the Conductor G target.

The 2017 spring-summer drilling campaign successfully expanded a number of mineralized zones and drilling continued to intersect gold mineralization in four major rock types: porphyries, iron basalts, iron-rich chemical sediments and felsic tuffs. The main structural corridor has a known strike length of 10km with significant exploration upside still remaining. Aurvista plans to have a technical committee of experts’ visit the Douay Gold Project in early August as the Company refines its go-forward exploration and drilling plans.

Douay Gold Project and Company Profile:

Aurvista Gold Corporation is a well-funded gold exploration and development company focused on advancing one of the largest undeveloped gold projects in Quebec. The Company’s district-scale 305 km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec. The Project hosts a multi-million ounce gold deposit that remains open in several directions, with excellent infrastructure and several large scale operating mines within 150 km. The Douay Gold Project’s high-grade zones have never been mined, the Project is virtually royalty-free and the Company has aggressive property-wide exploration and drilling plans to continue making new discoveries and building high-quality ounces in one of the best mining jurisdictions in the world.

Qualified Persons

The technical contents in this news release have been approved by Mr. Jean Lafleur, M. Sc., P. Geo., VP, Exploration of Aurvista Gold Corporation, and Antoine Yassa, P. Geo., Database Manager for the Douay Gold Project, and independent of the Company. Both individuals are Qualified Persons under National Instrument 43-101.

Quality Assurance (“QA”) and Quality Control (“QC”)

Aurvista implemented strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at www.aurvistagold.com


For Further Information Please Contact: 
Mr. Joness Lang
Phone: +1 778 686 6836
Email: jlang@aurvistagold.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

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 www.sedar.com or the Company’s website at www.aurvistagold.com.

Discussion
3 Comments
    CFS
    Jul 17, 2017 17:33 AM
    CFS
    Jul 17, 2017 17:43 AM

    It’s not often I agree with JPM.

    JPMorgan’s Jamie Dimon:

    “……. in spite of gridlock, we’ll grow at 1.5% or 2%. I don’t buy the argument that we’ll relegate this forever. If this administration can make breakthroughs in taxes and infrastructure regulatory reform. We have become one of the most bureaucratic confusing litigious societies on the planet. It’s almost an embarrassment to be an American citizen traveling around the world and listening to the stupid sh—t we have to deal with in this country. And at one point we all have to get our act together or we won’t do what we’re supposed to do for the average Americans. And unfortunately, people write about this being like it’s for corporations. …….”

    Jul 17, 2017 17:07 AM

    All I heard under Odumbo was how awesome everything was in the economy.