Aurvista Gold Corporation Provides Exploration Update and Outlines Go-Forward Exploration Plans
Aurvista Gold Corporation Provides Exploration Update and Outlines
Go-Forward Exploration Plans
September 1 2, 2017 – Montreal (Quebec): Aurvista Gold Corporation (“Aurvista” or the
“Company”) (TSX-V: AVA, OTC: ARVSF; Frankfurt: AV2) is pleased to provide an update on current
and planned exploration work at the Douay Gold Project (“Douay” or the “Project”). The Company’s
Technical Advisory Committee (the “Committee”) has spent significant time reviewing Project data,
visiting site and working with the Company’s geologic consultants to develop a refined go -forward
program and strategy.
Brownfields and Greenfields Potential at Douay
Aurvista controls a large 40+ km long segment along the Casa Berardi Deformation Zone (the “CBDZ”)
(see press release September 5, 2017), one of several regionally productive structural "breaks"
within the Abitibi Greenstone Belt, and host to multiple gold and base metal deposits (see Figure 1
below). A central, ~7km long portion of this segment on the CBDZ North Break hosts defined Inferred
Mineral Resources (the “Douay Resources”) totalling 2.8 million ounces of gold (83.33 Mt @ 1.05 g/t
Au, using a 0.5 g/t cut-off; Micon, 20171).
This brownfields area contains two distinct styles of gold mineralization, as well as copper -zinc
associated with volcanogenic massive sulphide (“VMS”) mineralization. Gold mineralization hosted
by altered mafic volcanics is generally of higher grade, occurring in zones such as Douay West (4.47
Mt @ 2.36 g/t Au; Micon, 2017), whereas gold hosted by altered porphyritic rocks forms large lower-
grade zones such as the Porphyry Zone (72.16 Mt @ 0.96 g/t Au; Micon, 2017). The Douay Resources
are open along strike and plunge, such that brownfields exploration potential for resource expansion
is considered excellent.
The remaining majority portion of the Project remains relatively unexplored, despite its lo cation
along a major regional structure. This greenfields area is considered to have potential not only for
VMS and mafic- and porphyry-hosted gold mineralization, but also for other styles of mineralization
such as occurs elsewhere along the CBDZ and in the region (i.e. Casa Berardi, Estrades, Eagle - Telbel,
Vezza, and Sleeping Giant; Figure 1).
The Company has revised its exploration plans to capture both the brownfields and greenfields
potential of the project. A thorough review and analysis of all existing geological, geochemical and
geophysical data is in progress, which combined with generation of new data from re -logging and
sampling programs, will be used to produce a comprehensive exploration strategy and d iamond
drilling plan during Q4 2017.
1 The independent Technical Report was completed by Micon International Limited (“Micon”), titled “NI 43-101 F1 Technical Report, Updated
Resources Estimate for the Douay Gold Project, Douay Township, Quebec, Canada” dated April 10, 2017, filed April 11, 2017, with an effective date of
February 15, 2017: http://www.aurvistagold.com/images/pdf/2017/Aurvista-Douay-Project-FinalA.PDF
PRESS RELEASE
For Immediate Issue
September 12, 2017
Aurvista’s President and CEO, Matthew Hornor, stated: “We believe the potential for defining
additional resources and making new high -grade gold discoveries are very favourable based on the
existing resource, large property package and prospective geology. Our technical team has developed a
strategy and program that will establish high -quality drill-targets beyond the known resource areas,
and we will commence our diamond drilling campaign i n the coming months once we’ve refined our
resource extension and greenfields discovery targets.”
Figure 1: Regional Map Highlighting Aurvista Gold’s Property Package
Historical Drill-Core Re-logging & Assaying Program
The Company is very fortunate to have more than 220,000 metres of drill core archived onsite,
covering all the drill programs back to the initial discovery by Inco Gold in 1976. The Company’s
exploration team has re-logged much of th is historical core over the past 18 months , significantly
simplifying the geological model and improving understanding of controls on gold and base metal
mineralization. Completing this exercise by re-logging the remaining ~27,000 metres is a critical step
that will provide valuable targeting information for future exploration and drill ing campaigns (see
Figure 2). In addition to the improved geological and exploration models that will result from the re-
logging, a significant amount of the historic al drill-core was n ot assayed for gold. An initial 8,000
samples have already been collected , and during the final phase of re -logging another ~10,000
samples will be collected in the coming weeks. These new assays will help identify mineralization
vectors and substantively improve geostatistical modelling of the Douay Mineral Resources. Sample
assays will be completed by ALS Laboratory Group.
Figure 2: Highlighted Drill-Hole Locations (black) for Completion of Historical Core Re-logging Project
Geophysical Program
The Douay Project is covered by both airborne magnetic and airborne EM surveys that provide a solid
basis for interpretation of stratigraphic and structural trends, coupled with the potential for direct
detection of gold and base metal mineralization assoc iated with conductive and magnetic features.
The Company has decided that further expenditure on airborne geophysical data is not warranted at
this time, although detailed ground surveys focused on specific targets will be considered for target
definition.
Top-of-Bedrock RC Drill Program
Much of Aurvista’s prospective ground over the Casa Berardi Deformation Zone is covered by post -
mineral glacial deposits, such that conventional soil sampling is ineffective a t targeting bedrock
anomalies. Aurvista’s t echnical committee has recommended a property-scale reverse circulation
drilling (RC) or similar top-of-bedrock sampling program to provide critically important geochemical
data, including characterization of lithologies, alteration and mineralization , for exploration
vectoring and targeting. The geochemical results paired with the Company’s existing geophysical
data sets, historical diamond drill-core re-logging and assaying work and top-of-bedrock sampling
data, and updated exploration models will form the basis of a revised exploration diamond drilling
plan.
Diamond Drill Program
The majority of the Company’s recently raised exploration funds (see press release July 14, 2017)
will be budgeted for diamond drilling . This drilling is best conducted duri ng the winter season to
avoid costly helicopter-supported drilling on unfrozen ground. Following review and analysis of the
extensive geological, geochemical and geophysical datasets available to the geological team, the
Company anticipates commencing a re vised and refocused diamond drilling campaign to test
greenfields and brownfields targets once the Q3 -Q4 exploration and interpretation work is
completed.
Qualified Person
The scientific and technical data contained in this press release was reviewed and prepared under
the supervision of Jean Lafleur, M. Sc, P. Geo., Technical Advisory Committee member, a non-
independent Qualified Person to Aurvista Gold Corp. , who is responsible for ensuring that the
geologic information provided in this presentation is accurate and acts as a “Qualified Person” under
National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Quality Assurance (“QA”) and Quality Control (“QC”)
Aurvista follows strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay
covering core sampling and assaying; bagging of core for analysis; transport of core from site to the
analytical laboratory; sample preparation f or assaying; and analysis, recording and final statistical
vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on
the website at www.aurvistagold.com.
Douay Gold Project and Company Profile:
Aurvista Gold Corporation is a well -funded gold exploration and development company focused on
advancing one of the largest undeveloped gold projects in Quebec. The Company’s district -scale
Douay Gold Project is located along the Casa Berardi Deformation Z one within the prolific Abitibi
Greenstone Belt in northern Quebec. The Project hosts an inferred gold resource that remains open
in several directions, with excellent infrastructure and several large scale operating mines within
150km. The Douay Gold Project’s high-grade lenses have never been mined and the Company has
property-wide exploration and drilling plans, with the aim of establishing high-quality ounces in one
of the best mining jurisdictions in the world.
ON BEHALF OF AURVISTA GOLD CORPORATION
“Matthew Hornor”
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
VP, Corporate Development
Office: +1 416.682.2674
Email: [email protected]
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PRESS RELEASE.
Forward Looking Statements:
This news release contains forward-looking statements . Forward-looking statements 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. Inve stors 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 G old Corporation’s filings with
Canadian securities regulators available on www.sedar.com or the Company’s website at www.aurvistagold.com. The
Company does not intend, and exp ressly disclaims any intention or obligation to, update or revise any forward -looking
statements whether as a result of new information, future events or otherwise, except as required by law .