Aurvista Gold Corporation Increases Douay Project Size to Cover 50km Segment of Casa Berardi Deformation Zone
MONTREAL, QUEBEC--(Marketwired - Sep 5, 2017) - Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE:AVA)(OTCQB:ARVSF)(FRANKFURT:AV2) is pleased to report that the Company has increased the Douay Gold Project (the "Project") size by more than 26 km². The Company's exploration team has been diligently tracking specific claims and staking as soon as they become available to expand Aurvista's already commanding property package. In total, the Project now consists of 624 claims covering 331.7 km². Aurvista has also submitted applications for additional claims that will increase the property size to 345 km². Aurvista's Douay Gold Project will now cover a 50km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt.
The additional claims are contiguous to the additional ground that was staked in April (see press release April 5, 2017) and cover two of the three main faults in the Casa Berardi Deformation Zone. The main Douay mineralization is located on a splay fault off the northern most fault of the Casa Berardi Break in an area of chaotic magnetic signatures due to the presence of intrusive porphyries, magnetic units and alteration. The recently staked claims cover another area of chaotic magnetic signatures 20km to the northwest. The figure below outlines the Company's updated claim boundary.
To view Figure 1: Aurvista Regional Map with Projected 345 km² Project Size Outlined, please visit this link: http://media3.marketwire.com/docs/Aurvista_1101821_fig1.pdf
Aurvista's President and CEO, Matthew Hornor, stated: "Our property-wide exploration program will now cover 345 km² of prospective ground. We are excited about the new discovery potential and believe the next phases of exploration will generate high-quality drill targets within and beyond the known resource areas." Hornor added, "Aurvista's geologists are currently coordinating with members of the Technical Advisory Committee to refine the Company's go-forward exploration and drilling plans. We all see great potential for this project and want to make sure the appropriate steps are taken in the right sequence to bring this asset to the next level."
The Company will be announcing the details of its updated fall-winter exploration and drilling plans as soon as the program is finalized.
Qualified Person
The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Jean Lafleur, M. Sc, P. Geo., Technical Advisory Committee member, a non-independent Qualified Person to Aurvista Gold Corp., who is responsible for ensuring that the geologic information provided in this presentation is accurate and acts as a "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Douay Gold Project and Company Profile:
Aurvista Gold Corp. 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 345 km² Douay Gold Project is located along a 50km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec. The Project hosts an inferred gold resource that remains open in several directions, with excellent infrastructure and several large scale operating mines within 150km. The Douay Gold Project's high-grade lenses have never been mined and the Company has property-wide exploration and drilling plans, with the aim of establishing high-quality ounces in one of the best mining jurisdictions in the world.
ON BEHALF OF Aurvista Gold Corp.
B. Matthew Hornor, President & CEO
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 contains forward-looking statements. Forward-looking statements are 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 Corp.'s filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.aurvistagold.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
Mr. Joness Lang
VP, Corporate Development
+1 416.682.2674
jlang@aurvistagold.com