MONTREAL, QUEBEC--(Marketwired - Feb. 22, 2017) - Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE:AVA)(OTCQB:ARVSF)(FRANKFURT:AV2) is pleased to update shareholders and stakeholders on the advancement of the 30,000 meters diamond drilling campaign from the Company's Douay Gold Project ("Douay").
To date, some 4,936 meters have been drilled in 11 diamond drill holes (DO-16-147 to 149, and DO-17-150 to 157) in the Douay West, Main Porphyry and "20" zones of the Adam Creek Gold Deposit (the "Deposit") (refer to appended Figure 1). Unfortunately, the sequencing of drill holes was set by warmer weather conditions which are unfavorable to drilling under wet conditions; drill holes with the easiest winter surface access were done first.
Keith Minty, COO of Aurvista, stated "Aurvista's diamond drilling campaign is progressing on schedule with two core drills now on site. Plans are to accelerate the campaign as two new wood-cutting permits were issued for a total of 43 proposed drill holes. We will be adding more drills in the coming weeks to test the horizontal and vertical extensions of a number of targets: (1) the Main Porphyry Zone to the northwest towards the NW Zone, over a 1,200 meters strike length; as well as the area beyond the NW Zone for an additional 1,000 meters in strike length; (2) the Adam Porphyry Zone to the east and west-northwest, along an additional trend length of 1,000 meters; (3) the Central, '20' and '10' zones, and their potential connections along east-west mineralized structures and to the Main Porphyry zone, over a 1,500 meter length."
Mr. Minty added "The objective of the first drill holes were to prove the new geological model by extending the known mineralization along east-west corridors in proximity to three known gold zones. A limited number of historical drill holes were twinned and new holes were drilled that visually extended the gold mineralization along the corridors and down-dip of previous intersections. The overall objective of the 30,000 meters drilling campaign is to outline additional higher grade mineralization in the range of 3 to 15 g/t gold and the lower grade in the 0.3 to 1.5 g/t gold, as well as increasing the size of several individual gold zones, which when combined could have an impact on increasing mineral resources at Douay."
Gold assay interval results are available for the first six drill holes (DO-16-147 to 149, and DO-17-150 to 152) and are shown in the table below. The appended Table 1 summarizes all drill holes statistics and individual gold assays of the interval results.
Gold assay interval results received to date confirm predictability and reproducibility of assays, and continuity of gold mineralization from the historical holes as seen in the following table:
| DDH # | INTERVAL ASSAY RESULTS |
| DO-16-147 | Twins historical hole: D-128, 1.92 g/t / 17.3m 2017 - 2.11 g/t / 20.6m (150.0m-170.6m), Douay West - 0.56 g/t / 3.2m (221.8m-225.0m), Douay West North "A" |
| DO-16-148 | 2017 - 4.69 g/t / 2.7m (28.5m-31.2m), Douay West - New zone: 0.56 g/t / 6.4m (77.1m-83.5m) |
| DO-16-149 | Twins historical hole: 84640, 1.72 g/t / 16.3m 2017 - 2.2 g/t / 23.1m (90.0m-113.1m), Upper Douay West - 0.19 g/t / 10.5m (138.9m-148.5m), Lower Douay West - New zone: 1.05 g/t / 4.5m (219.0m-223.5m) |
| DO-17-150 | Twins historical hole: D-106, 0.34 g/t / 10.5m Twins historical hole: 84679: 0.21 g/t / 46.8m 2017 - 0.13 g/t / 18.0m (28.5m-46.5m), Upper Douay West - 0.37 g/t / 7.5m (114.0m-121.5m), Lower Douay west - New zone: 0.89 g/t / 36m (204.0m-240.0m) |
| DO-17-151 | 100m East of 84679: 0.21 g/t / 46.8m 2017 - 3.53 g/t / 4.5m (70.5m-75.9m), Douay West North "A" |
| DO-17-152 | Twins historical hole: 84642, 0.41 g/t /1.6m 2017 - New zone : 0.41 g/t / 4.5m (89.0m-93.5m) - New zone: 1.51 g/t / 2.7m (272.8m-275.5m), 180m below 151 |
Note:
- Footages shown are core lengths in meters (m). True widths represent 90% of core lengths.
Significant gold mineralization was intersected in 3 holes: 2.11 g/t gold over 20.6 meters (DO-16-147), 2.20 g/t gold over 23.1 meters (DO-16-149) and 3.53 g/t over 4.5 meters (DO-17-151), all from the Douay West Zone.
In addition, the thorough drill core sampling of the 2017 drilling campaign has likely contributed to the identification of new gold mineralization in 4 of these 6 drill holes: 0.56 g/t over 6.4 meters (DO-16-148), 1.05 g/t over 4.5 meters (DO-16-149), 0.89 g/t over 36 meters (DO-17-150), and 0.41 g/t gold over 4.5 meters and 1.51 g/t over 2.7 meters (DO-17-152). This was also observed in 2016 during the re-logging and gold assaying of un-sampled mineralized zones from the historical drill core. The full 2016 gold assay and core re-logging program results will be made available later in the year once all compiled, validated and incorporated in the overall database.
The objective of proving the new geological model is being met; new results are extending the known mineralization along the east-west structural corridors and down-dip of previous intersections.
Quality Assurance ("QA") and Quality Control ("QC")
In 2016, Aurvista implemented strict Quality Assurance ("QA") and Quality Control ("QC") protocols at Douay covering the planning of and placing 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. The complete description of protocols is appended.
Douay Gold Project and Company Profile
Aurvista Gold Corporation is a junior gold exploration and development Company with 131,912,407 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTCQB in the US. Aurvista's asset is the Douay Gold Project, consisting 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).
In August, 2012, Aurvista updated the Mineral Resources estimates that included 657 holes in more than 185,000 metres drilled on Douay since its discovery to the end of March 2012. Douay contains base case Mineral Resources of 2.7 million tonnes of Indicated Resources at 2.76 g/t gold for 238,000 ounces above a 0.3 g/t gold cut-off grade. Under a sensitivity analysis cut-off grade of 0.5 g/t gold, the Indicated Resources total 2.5 million tonnes grading 2.98 g/t gold for 235,500 ounces. There were additional base case Inferred Resources of 115 million tonnes at 0.75 g/t gold for 2.75 million ounces above a 0.3 g/t gold cut-off grade. Under a sensitivity analysis cut-off grade of 0.5 g/t gold, the Inferred Resources total 62 million tonnes grading 1.06 g/t gold for 2.1 million ounces. Details can be viewed on 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, and Antoine Yassa, P. Geo., Database Manager for the Douay Gold Project. Both individuals are Qualified Persons 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.
