Le Lézard
Classified in: Mining industry, Business
Subject: MINING EXPLORATION UPDATE

Aurvista Gold Corporation Doubles the Size of the Douay Gold Project Area by Staking 294 Mineral Claims


MONTREAL, QUEBEC--(Marketwired - April 5, 2017) - Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE:AVA)(OTCQB:ARVSF)(FRANKFURT:AV2) is pleased to announce that the Company has staked an additional 294 mineral claims and added 164.4 km2 surrounding the Company's Douay Gold Project ("Douay"). Douay now consists of 573 claims covering ~305 km2 with extended strike length along the Casa Berardi Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec.

Jean Lafleur, President and CEO of Aurvista, stated: "We developed a new exploration model in 2016 that has been guiding our exploration efforts at Douay ever since. Exploration work over the past 12 months has led to a number of new gold and base metal targets at Douay. Management felt it was prudent to take advantage of recently abandoned claims and expand the Project's footprint to a commanding 305 km2. As a result, the Company has more than doubled the size of the Douay Gold Project and increased the exploration upside and potential for new discoveries going forward."

Aurvista has expanded the Project's original claim boundary in multiple directions. The Company plans to complete airborne geophysical coverage and initial ground surveys over the new claims in the summer of 2017. The figure below highlights the expanded claim ownership at Douay:

Figure 1: Outline of Original Douay Claims & Newly Acquired Ground: http://media3.marketwire.com/docs/1091043m.jpg

Douay Gold Project and Company Profile

Aurvista Gold Corporation is a leading gold exploration and development Company advancing the Douay Gold Project in Quebec. Aurvista's Douay Gold Project now consists of a 100% owned interest in 541 mostly contiguous claims totaling 293 km2 and a 75% interest (25% held by SOQUEM) in 32 contiguous claims totaling 11.9 km2. In total, there are 573 claims covering 305 km2 located along a 40 km segment of the Casa Berardi Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec. Douay is located 40 km SW of the Matagami Base Metal Camp and ~140 km N of the Val-d'Or Canadian Malartic Gold Camp (both in Quebec). The Company has 138,545,780 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTCQB in the US. For more information, please visit the Company's website at www.aurvistagold.com.

Qualified Person

The technical contents in this news release have been approved by Mr. Jean Lafleur, M. Sc., P. Geo., President and CEO for Aurvista Gold Corporation, a non-independent Qualified Person under National Instrument 43-101.

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.


These press releases may also interest you

at 12:00
Jean-François Verret has been appointed Vice President, Raglan Mine, marking the beginning of a new chapter for the site following the retirement of Pierre Barrette, who leaves us a remarkable legacy....

at 09:20
Western Alaska Minerals (the " Company " or " WAM ") is pleased to announce that it has closed its previously announced brokered offering by way of prospectus supplement dated April 22, 2024 to the Company's base shelf prospectus...

at 08:35
IperionX Limited is pleased to announce a significant milestone in the development of commercial-scale titanium metal manufacturing capabilities at the Titanium Manufacturing Campus in Virginia. The Hydrogen Assisted Metallothermic Reduction (HAMR...

at 08:30
Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( "Alphamin" or the "Company") announced today that its Board of Directors has declared a Final FY2023 cash dividend of CAD$0.03 per share on the common shares (approximately US$27.9 million in the...

at 08:30
Standex International Corporation  will announce its third quarter fiscal 2024 financial results on Thursday, May 2, 2024 after the close of the market and will broadcast its conference call live over the Internet at 8:30 a.m. ET on Friday, May 3,...

at 08:15
Mosaic Minerals Corporation ("Mosaic" or "The Company") is pleased to announce that it has entered into a letter of intent dated April 25, 2024 (the "LOI") with Castlebar Capital Corp ("Castlebar"). Pursuant to the LOI, Castlebar will be granted an...



News published on and distributed by: