Aurvista Gold Corporation Expands Mineral Resources at Douay
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NEWS RELEASE
For Immediate Issue
February 28, 2017
Aurvista Gold Corporation Expands Mineral Resources at Douay
New defined Mineral Resources of 130 million tonnes @ 1.06 g/t gold for 4.4 million ounces
using a 0.5 g/t gold cut-off grade
Increasing the cut-off grade to 0.7 g/t gold results in a 30% grade increase to 1.38 g/t gold
for 3.4 million ounces in 77 million tonnes
The New Mineral Resources scenario is limited to the current drill- hole perimeter, with
mineralization open in all directions beyond the average -250 meter depth, and 7,000 meter
strike length, which has never been mined
Montreal, Quebec : Aurvista Gold Corporation (“Aurvista” or the “Company ”) (TSX-V: AVA, OTCQB :
ARVSF; Frankfurt: AV2) is pleased to announce the New Mineral Resource Estimates (the “New Estimates”)
as received from Micon International Limited ("Micon"), for the Company’s Douay Gold Project (“Douay”). The
New Estimates extend from surface to an average - 250 meters in vertical depth, 7,000 meters in surface length
and remains open in all directions (refer to appended Figure 1), which includes higher and lower gold grades that
have never been mined. The following table summarizes the New Estimates for Douay under cut-off grades of 0.5
g/t gold and 0.7 g/t gold:
2017 NEW MINERAL RESOURCES ESTIMATES, INFERRED CATEGORY*
CUT-OFF
GRADES TONNES GOLD
(G/T)
GOLD
(OUNCES)
> 0.5 g/t 129,979,000 1.06 4,416,000
> 0.7 g/t 76,726,000 1.38 3,411,000
*Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resour ces may
also be materially affected by other relevant factors or issues. The mineral resource estimate has been prepared without reference to
surface rights or the presence of overlying public infrastructure. T here has been insufficient exploration to define these inferred resources
as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or
measured mineral resource category.
Mr. Jean Lafleur, President and CEO of Aurvista stated: “The significant increase in mineral resources generated
at cut -off grades consistent with other projects in the region are indicative of what we consider to be the
outstanding potential for an economic bulk tonnage deposit at Douay, should a PEA or mining study establish the
economic viability and technical feasibility of the project , with the potential to add additional ounces and higher
grades within this substantial mineralized system. Our improved understanding of mineralizing controls together
with an appreciation of the internal gaps in the drilling will allow us to develop an effective and efficient drill
campaign to expand and upgrade this significant resource.”
The appended Table 1 details the New Mineral Resource Estimates for each of the 8 gold zones covering the
Douay West, Porphyry, 531, 10, 20, Main, North- West and Central zones, by cut -off grade ranging from 0.3 to
5.0 g/t gold; and the criteria used to determine the New Estimates and the resources statement f or the Inferred
category. Micon developed a three -dimensional block model of D ouay based, in part, on Aurvista’s 2016
interpretation of the geology and structural controls on gold mineralization over the 7,000 meter trend. Micon is
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currently completing the National Instrument 43-101 Technical Report supporting the E stimates which will be
filed within 45 days of this news release on SEDAR at www.sedar.com.
Comparison Between the Current 2017 and Historical 2012 Mineral Resources Estimates
In 2012, Aurvista filed a Technical Report on the updated Mineral Resource Estimate from Riverbend Geological
Services Inc. ("Riverbend") for Douay - refer to the Technical report titled “Douay Deposit, National I nstrument
43-101 Compliant Technical Report” dated August 10, 2012, prepared by Cliff Duke, P. Eng., Riverbend
Geological Services Inc., under Aurvista Gold Corp ., at www.sedar.com ), now considered historical mineral
resource estimates.
The following table compares the current 2017 Micon Estimates with the historical 2012 Riverbend Estimates:
MINERAL
RESOURCES
CATEGORY
CUT-OFF
GRADE
(G/T)
TONNES
GOLD
GRADE
(G/T)
GOLD
METAL
(OUNCES)
TONNES
GOLD
GRADE
(G/T)
GOLD METAL
(OUNCES)
CURRENT 2017 MICON HISTORICAL 2012 RIVERBEND*
INDICATED
> 5.0 g/t - - - 413,000 7.87 104,578
> 3.0 g/t - - - 855,000 5.82 160,042
> 1.0 g/t - - - 1,953,000 3.56 223,472
> 0.7 g/t - - - - - -
> 0.5 g/t - - - 2,458,000 2.98 235,466
> 0.3 g/t - - - 2,689,000 2.76 238,433
> 0.0 g/t - - - 3,062,000 2.44 239,923
INFERRED
> 5.0 g/t 909,000 6.91 202,000 537,000 20.38 351,904
> 3.0 g/t 4,084,000 4.56 599,000 1,317,000 10.55 446,684
> 1.0 g/t 42,767,000 1.82 2,506,000 15,840,000 2.12 1,080,930
> 0.7 g/t 76,726,000 1.38 3,411,000 - - -
> 0.5 g/t 129,979,000 1.06 4,416,000 61,574,000 1.06 2,093,290
> 0.3 g/t 231,101,000 0.76 5,671,000 114,652,000 0.75 2,754,554
> 0.0 g/t - - - 262,886,000 0.40 3,406,436
*The Historical 2012 Riverbend mineral resource estimates are historical in nature . They are an indication of the gold mineralization at
Douay. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or m ineral
reserves; and Aurvista is not treating the historical estimates as current mineral resources or mineral reserves.
The current 2017 Micon Estimates and historical 2012 Riverbend E stimates used similar statistical criteria to
build the resource block model. However, the 2017 Micon model benefit ed from the new interpretation based on
the re -logging, re -description and assaying of previously un- assayed mineralized intervals of drill core from
Douay. This work showed a greater lateral and vertical continuity of rock units, structural trends and gold
mineralization, which were non- existent in the historical 2012 Riverbend model (refer to appended Figure 1 );
hence, the greater volume /tonnage of mineralization in the current 2017 Micon model : 130 million tonnes of
Inferred resources in the 0.5 g/t cut -off grade versus the historical 2012 Riverbend study at 61.5 million tonnes,
both at the same grade of 1.06 g/t gold.
About Micon International Limited
Micon International Limited (Micon), mineral industry consultants, is an independent firm of senior geological,
mining, metallurgical and environmental consultants. The firm operates from integrated offices in Toronto and
Vancouver, Canada and Norwich and Cornwall, United Kingdom. The professionals of Micon have extensive
experience in the mining industry with both mining companies and leading consultancy firms.
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Douay Gold Project and Company Profile
Aurvista Gold Corporation is a junior gold exploration and development Company advancing one of the largest
undeveloped gold projects in Quebec. The Company has 134,034,900 shares outstanding trading on the TSX
Venture Exchange in Canada, the Frankfurt Stock Exchange and OTC QB in the US. Aurvista’s Douay Gold
Project consists of a 100% owned interest in 250 contiguous claims totaling 133.1 km 2, 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 km 2 located along a 20 km segment of the Casa Berardi
Deformation Zone in the prolific Abitibi Be lt 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). For more information,
please visit the Company’s website at www.aurvistagold.com.
Qualified Persons
The technical contents in this news release have been reviewed and approved by Mr. Jean Lafleur, M. Sc., P.
Geo., President and CE O for Aurvista Gold Corporation, and Mr. William Lewis, B.Sc., P. Geo., of Micon, who
is independent of Aurvista and who is responsible for the Mineral Resource Estimate. Both individuals are
Qualified Persons under National Instrument 43-101.
For further information please contact:
Mr. Jean Lafleur, P. Geo.
President and CEO, Director
Cell: +1 514 927 3633
Mr. Keith C Minty, P. Eng., MBA
Chief Operating Officer
Phone: +1 416 682 2671
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 r elease 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 identi fy 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 fili ngs with Canadian securities regulators available on
www.sedar.com or the Company’s website at www.aurvistagold.com.
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Table 1. 2017 Micon Mineral Resource Estimates * in the Inferred Category for the Douay Gold
Project.
ZONE CUT-OFF
GRADE (G/T) TONNES GOLD
GRADE (G/T)
GOLD
METAL (OZ)
Douay
West
5.0 554,000 7.52 134,000
3.0 1,546,000 5.07 252,000
1.0 5,593,000 2.60 467,000
0.7 7,668,000 2.12 524,000
0.5 9,969,000 1.77 566,000
0.3 13,496,000 1.41 611,000
Porphyry
5.0 79,000 5.81 15,000
3.0 907,000 3.83 112,000
1.0 26,227,000 1.60 1,350,000
0.7 50,326,000 1.23 1,991,000
0.5 89,538,000 0.95 2,730,000
0.3 174,291,000 0.67 3,777,000
531
5.0 69,000 6.37 14,000
3.0 260,000 4.47 37,000
1.0 2,619,000 1.80 152,000
0.7 4,278,000 1.43 196,000
0.5 6,453,000 1.15 238,000
0.3 8,881,000 0.94 269,000
10
5.0 24,000 6.08 5,000
3.0 140,000 4.06 18,000
1.0 1,066,000 1.92 66,000
0.7 1,699,000 1.52 83,000
0.5 2,419,000 1.24 96,000
0.3 3,792,000 0.93 113,000
20
5.0 22,000 6.74 5,000
3.0 72,000 4.66 11,000
1.0 1,392,000 1.49 67,000
0.7 3,672,000 1.05 124,000
0.5 7,947,000 0.81 207,000
0.3 11,819,000 0.68 257,000
Main
5.0 128,000 5.62 23,000
3.0 880,000 4.58 130,000
1.0 3,025,000 2.47 240,000
0.7 4,279,000 2.00 275,000
0.5 6,295,000 1.54 313,000
0.3 8,429,000 1.26 340,000
North-West
5.0 32,000 6.20 6,000
3.0 243,000 4.42 35,000
1.0 2,000,000 1.88 121,000
0.7 3,461,000 1.45 161,000
0.5 5,115,000 1.17 192,000
0.3 6,999,000 0.96 216,000
Central
5.0 - - -
3.0 37,000 3.31 4,000
1.0 846,000 1.59 43,000
0.7 1,343,000 1.31 57,000
0.5 2,242,000 1.03 74,000
0.3 3,394,000 0.81 88,000
Total
(all zones)
5.0 909,000 6.91 202,000
3.0 4,084,000 4.56 599,000
1.0 42,767,000 1.82 2,506,000
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0.7 76,726,000 1.38 3,411,000
0.5 129,979,000 1.06 4,416,000
0.3 231,101,000 0.76 5,671,000
Notes:
1. The global resource model are not constrained by a pit shell.
2. The mineralized envelopes were modelled using Leapfrog Geo.
3. The Estimates include all drilling completed to the end of 2016 comprising 705 holes of which
399 holes were used in the estimate containing 14,334 samples or 11,101 1.5 m composites . The
remaining drill holes cover other areas or potential zones within Douay.
4. Resources are contained in eight separate Zones (10, 20, 531, Central, Douay West, North- West,
Porphyry and Main) and the zones may consist of a number of sub-parallel or parallel lenses.
5. Varying densities were used depending on the mineralized zone, Douay West = 2.88, Porphyry =
2.81, MZ10 = 2.94, MZ20 = 2.67, North- West Zone 2.78, Main Zone = 2.77, with the Central
Zone and Waste using the global average of 2.82 as no specific gravity test work was conducted
for these areas and the overburden was assigned a density of 1.5.
6. Only the mineral resources for the Douay West, Porphyry and 531 zones were estimated using
Ordinary Kriging with the remaining zones estimated using Inversed Distance Cubed, due to the
amount of data points for each zone.
7. A block size of 10 x 2 x 5 meters was used for the initial interpretation.
8. The mineralized material was classified into the Inferred mineral resource category on the basis
of a combination of the foll owing factors: (a) confidence in the geological and mineralization
continuity, (b) position of blocks in relation to the range of influence as defined by the
variographic analysis and (c) and the search ellipse ranges.
9. The search ellipses ranged from 50 m to 300 m and used three passes to fill the blocks within the
model. The search ellipses varied per zone, and sometimes for each of the mineralized lenses
within the zones.
10. The figures have been rounded following National Instrument 43-101 practices to reflect that they
are estimates and therefore, they may not total.
11. The effective date of the current 2017 Micon Estimates is February 15, 2017.
* Mineral Resources Estimates which are not mineral reserves do not have demonstrated economic
viability. The M ineral Resources Estimates may also be materially affected by other relevant factors or
issues. The Mineral Resources Estimates ha ve been prepared without reference to surface rights or the
presence of overlying public infrastructure. The re has been insuff icient exploration to define these
Inferred Mineral Resources as Indicated or M easured Mineral R esources, and it is uncertain if further
exploration will result in upgrading them to Indicated or Measured Mineral Resources.
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Figure 1. Longitudinal section covering the 7,000 meter mineralized trend of the Douay Gold Project comparing the extent of the 2017
Micon and 2012 Riverbend models.