Montreal, Quebec – Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA, OTC: ARVSF) today announced additional results from the Company’s ongoing generative compilation-synthesis-interpretation program (the “Generative Program”) on the Douay Gold Project (“Douay”).
Independent geophysical and geological consultant Yvan Bussières, P. Eng., of St-Eustache (Quebec), is spearheading the Generative Program with Denis Chénard, P. Eng., Aurvista’s Senior Project Consultant. The ongoing Generative Program is helping refine the original 25 exploration targets outlined in 2014 (refer to the Company news release dated December 17, 2014) into 5 higher priority gold and base metal sites for follow up field work during the 2015 summer exploration season. The summer program remains subject to financing.
Mr. Jean Lafleur, President and CEO of Aurvista stated “The strategy behind the on-going geophysical and geological interpretation work was to assist in identifying additional targets with similar geophysical properties to those associated with already known gold mineralization on the Project. The Company now believes that the previous and current results still show the potential for additional and significant gold and also base metal mineralization, similar to those of other bi-modal gold and base metal occurrences and deposits in the Abitibi Greenstone Belt of Quebec and Ontario. The bi-modal gold and base metal potential cannot be overlooked, since Douay is a project of camp-scale proportion extending in length for 20 km along the Casa Berardi Deformation Zone of which less than 10 km has been reasonably investigated for gold only. There are numerous EM INPUTTM conductors outside of the known gold mineralization corridor that could potentially be linked to massive sulphides based on the geological-geophysical association.”
Ground geophysical surveys: Induced Polarization
Induced Polarization (“IP”) surveys, in addition to the Generative Program will be essential in identifying disseminated sulphides and faults potentially linked to the gold mineralization. A total of 68.6 new line-kilometers of IP surveys were recently completed by the Company covering gaps in the extreme NW corner of the Douay property and the western end of the Porphyry Zone. The Porphyry Zone sector hosts the majority of the lower grade gold mineralization at Douay and overlaps the base metal target area west of the South Porphyry. Both sectors covered were integrated with the eleven previously completed IP surveys done during previous campaigns and will be re-interpreted as a single database. Approximately on-half of the IP database has been compiled and readied for interpretation with final results expected later in Q2-2015.
Early results show a complex network of faults crisscrossing Douay with consistent E-W, NE-SW and NW-SE trends mirroring structures outlined by the airborne magnetic survey that are parallel to the Casa Berardi Deformation Zone, it`s subsidiary faults and EM-INPUTTM anomalies.
At Douay, the EM INPUTTM airborne anomalies are generally associated with lengthy, linear and conductive graphitic units. Douay also contains smaller groupings of EM INPUTTM located in mixes of felsic and mafic volcanic rocks suggesting local massive conductors potentially associated with base metal mineralization. The largest of these anomalies spans some 4 kilometres containing a 1 km wide cluster of EM INPUTTM conductors, running westwards from the South Porphyry. Limited historic drill core from the cluster will be re-sampled for base metals in the coming months for detailed “metal vectoring” purposes.
The presence of EM-INPUTTM clusters has resulted in Aurvista map-staking an additional 8 contiguous mineral claims (for 4.4 km2) west of Douay, in immediate extension to the 19 mineral claims previously map-staked (refer to the Company news release dated December 17, 2014), where additional clusters have been identified.
The technical contents in this news release have approved by Mr. Jean Lafleur, M. Sc., P. Geo., President and CEO for Aurvista Gold Corporation, a Qualified Person under National Instrument 43-101.
About Aurvista Gold
Aurvista Gold Corporation is a junior gold exploration and development company with 69,511,617 shares outstanding trading on the TSX Venture Exchange in Canada and OTC Pink Sheets in the U.S. Aurvista's only asset is the Douay Gold Project, consisting of 279 claims totaling 140.7 km2. The Douay Project’s North West Zone has 32 claims for a total of 16.1 km2 and is in a Joint Venture agreement with SOQUEM (75% Aurvista, 25% SOQUEM). The Douay Project is located along the gold-bearing Casa Berardi Deformation Zone in northern Quebec. Details of the Douay Gold Project can be viewed on the Company’s website at www.aurvistagold.com.
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.
For further information please contact
Jean Lafleur, M. Sc., P. Geo.
President and CEO
Cell +1 514 975 3633
Facsimile +1 416 504 4129
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.