Aurvista Gold Corporation Provides Clarifying Disclosure on the Mineral Resource Estimate of the Douay Gold Project
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NEWS RELEASE
For Immediate Issue
March 12, 2017
Aurvista Gold Corporation Provides Clarifying Disclosure on the Mineral Resource
Estimate of the Douay Gold Project
Montreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “Company ”) (TSX-V: AVA, OTCQB :
ARVSF; Frankfurt: AV2) has been asked by the Autorité des Marchés Financiers (the “AMF”), the Province of
Quebec’s financial markets regulator, to issue a clarifying news release to the Company’s news release issued on
February 28, 2017, to disclose an Inferred Mineral Resource Estimate contained within a conceptual pit (the “In-
Pit” Inferred Mineral Resource Estimate) at the Douay Gold Project (“Douay”) . The Company’s estimate
completed by Riverbend in 2012 and described below (the “2012 Riverbend Estimate”), was not constrained by a
conceptual pit, and Aurvista’s February 28, 2017, announcement of global inferred ounces was intended to
compare and contrast total mineralization outlined at the Douay Gold Project (“Douay”) with the previous 2012
Riverbend Estimate.
The AMF has requested that the Company apply economic extraction parameters in estimating th e Mineral
Resources for Douay in accordance with the CIM Definition Standards adopted by the CIM Council in 2014. The
Company is therefore providing a current “In-Pit” Inferred Mineral Resource Estimate, which replaces the mineral
resource estimate disclosed in the February 28, 2017, news release. Investors are advised to rely only on the “In-
Pit” Inferred Mineral Resource Estimate. Micon International Limited ("Micon") has produced an “In -Pit”
Inferred Mineral Resource Estimate for Douay at various cut -off grades that are summarized in the following
table:
“IN-PIT”
INFERRED
MINERAL
RESOURCE
ESTIMATE*
CUT-OFF
GRADE
(G/T AU)
TONNES
GOLD
GRADE
(G/T)
GOLD
METAL
(OUNCES)
5.0 588,000 7.38 139,000
3.0 2,143,000 4.73 326,000
1.0 27,519,000 1.79 1,585,000
0.7 49,700,000 1.36 2,177,000
0.5 83,327,000 1.05 2,813,000
0.3 143,566,000 0.77 3,567,000
*A Mineral Resource is a concentration or occurrence of metals in such form and quantity and of such a grade or quality that i t has
reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource
are known, estimated or interpreted from specific geological evidence and knowledge. R easonable prospects for economic extraction
implies a judgment by a Qualified P erson in respect of the technical and economic factors likely to influence the prospect of economic
extraction. An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the
basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality
continuity. “In-Pit” Inferred Mineral Resource Estimate is an inventory of mineralization under an open pit scenario that under realis tically
assumed and justifiable technical and economic conditions might become economically extractable. They have been prepared without
reference to surface rights or the presence of overlying public infrastructure.
At a 0.5 g/t gold cut -off grade, wit hin the conceptual pit shell, there are 83 million tonnes at a grade of 1.05 g/t
gold for 2.8 million ounces of gold. Investors are advised that the additional ounces contemplated in the February
28, 2017, news release, or the information disclosed the rein, are not to be relied upon until such time that further
exploration and drilling can demonstrate reasonable prospects for future economic extraction for the deeper
portion of the mineralization outlined at Douay.
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Aurvista’s President and CEO, Jean Lafleur, stated: “ The In-Pit Mineral Resource Estimate is a n early stage
glimpse at the potential for a conceptual open -pit with the known information to date. The Douay Project is host
to significant known gold occurrences and these are early days in terms of outlining the Douay Project’s ultimate
resource and mining potential. We look forward to completing up to 30,000 meters of additional drilling this year,
growing the resource and advancing the Douay Project.”
Additional Details for Conceptual “In-Pit” Inferred Mineral Resource Estimate
The “In-Pit” Inferred Mineral Resource Estimate’s mineralized envelopes were modeled using Leapfrog Geo at a
0.3 g/t cut -off with the inclusion of lower grade material for modeling purposes, and are contained in eight
separate zones: 10, 20, 531, Central, Douay West, North- West, Porphyry and Main, and may consist of a number
of sub-parallel or parallel lenses. Bulk d ensities used: 2.88 - Douay West, 2.81 - Porphyry, 2.94 - 10, 2.67 – 20,
2.78 - North-West, 2.77 – Main, and the Central Zone and Waste used the global average of 2.82 as no test work
was conducted for these areas. The overburden was assigned a bulk density of 1.5.
Only the mineral resources for the Douay West, Porphyry and 531 zones were estimated using Ordinary Kriging
with the remaining zones estimated using Inverse Distance Cubed, due to the number of data points for each zone.
A block size of 10 m x 2 m x 5m was used. The search ellipses ranged from 50 m to 300 m and used three passes
to fill the blocks within the model. The figures have been rounded to reflect that they are estimates. The multiple
open pits used to constrain the “ In-Pit” Inferred Mineral Resource Estimate are comprised of the ultimate
breakeven pit-shell cones, which do not consider pit design or minimum mining widths.
The open pit parameters used to construct the optimization are: gold price of US $1,400 per ounce, an exchange
rate (CAN$/US$) of 1.32 :1, overburden stripping cost of CAN$2.50/t , open pit mining cost of CAN$2.78/t,
processing cost of CAN$8.14/t, and G&A cost of CAN$2.47/t . Gold recoveries per zone are: Douay West - 85%,
North-West - 52.5%, Porphyry - 94%, 20 - 92%, 10 - 88%, Central - 94%, 531- 93% and Main - 83%. Pit slope
angles are: 55° for the foot wall; 52° for the hanging wall and 25° for the overburden.
The effective date of the “In-Pit” Inferred Mineral Resource Estimate is February 15, 2017.
Micon is currently completing the N ational Instrument 43-101 Technical Repor t supporting the Mineral
Resources Estimates and Near-Surface Mineral Resource E stimates which will be filed within 45 days of the
original news release dated February 28, 2017 on SEDAR at www.sedar.com.
Comparison between the Previous 2012 Inferred Mineral Resource Estimate and the “In-Pit” Inferred Mineral
Resource Estimate
In 2012, Aurvista filed a Technical Report on the updated Mineral Resource estimates for Douay titled “Douay
Deposit, National Instrument 43- 101 Compliant Technical Report” dated August 10, 2012, which was prepared
by Cliff Duke, P. Eng., of Riverbend Geol ogical Services Inc. (“Riverbend”), under Aurvista Gold Corp., at
www.sedar.com, now considered the “2012 Riverbend Estimate”.
The “In-Pit” Inferred Mineral Resource Estimate and overall geologic model for Douay benefitted 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 2012 Riverbend Estimate . It is important to note that the
2012 Riverbend Estimate was not constrained by a conceptual pit, making direct comparisons more challenging.
Please refer to SEDAR at www.sedar.com for more information.
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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.
Douay Gold Project and Company Profile
Aurvista Gold Corporation is a junior gold exploration and development Company advancing the Douay Gold
Project in Quebec. The Company has 134,034,900 shares outstanding trading on the TSX Venture Exchange in
Canada, the Frankfurt Stock Exchange and OTCQB 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 conti guous claims totaling
0.2 km2 and a 75% interest (25% held by SOQUEM) in 32 contiguous claims totaling 11.9 km 2. 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 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). 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 CEO 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 “In -Pit” Inferred 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 release may contain forward-looking statements, including the mineral resource estimate and the assumptions used
to prepare such estimate, that 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 statemen ts. 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.