By Cory
Aurvista Gold Corporation Increases Douay Project Size to Cover 50km Segment of Casa Berardi Deformation Zone
A busy day for the resource sector, and our sponsors continues. Here is the latest news out of Aurvista Gold. The company has been fairly quiet recently but I am expecting some drill results to hit the market shortly.
I am a shareholder of Aurvista. What I like is the large scale potential and already large (but low grade) resource, in a very mining friendly jurisdiction.
Click here for the Aurvista website.
…
Aurvista Gold Corporation Increases Douay Project Size to Cover 50km Segment
Montreal (Quebec): Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA, OTC: ARVSF; Frankfurt: AV2) is pleased to report that the Company has increased the Douay Gold Project (the “Project”) size by more than 26 km². The Company’s exploration team has been diligently tracking specific claims and staking as soon as they become available to expand Aurvista’s already commanding property package. In total, the Project now consists of 624 claims covering 331.7 km². Aurvista has also submitted applications for additional claims that will increase the property size to 345 km². Aurvista’s Douay Gold Project will now cover a 50km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt.
The additional claims are contiguous to the additional ground that was staked in April (see press release April 5, 2017) and cover two of the three main faults in the Casa Berardi Deformation Zone. The main Douay mineralization is located on a splay fault off the northern most fault of the Casa Berardi Break in an area of chaotic magnetic signatures due to the presence of intrusive porphyries, magnetic units and alteration. The recently staked claims cover another area of chaotic magnetic signatures 20km to the northwest. The figure below outlines the Company’s updated claim boundary.
Figure 1: Aurvista Regional Map with Projected 345 km² Project Size Outlined
Aurvista’s President and CEO, Matthew Hornor, stated: “Our property-wide exploration program will now cover 345 km² of prospective ground. We are excited about the new discovery potential and believe the next phases of exploration will generate high-quality drill targets within and beyond the known resource areas.” Hornor added, “Aurvista’s geologists are currently coordinating with members of the Technical Advisory Committee to refine the Company’s go-forward exploration and drilling plans. We all see great potential for this project and want to make sure the appropriate steps are taken in the right sequence to bring this asset to the next level.”
The Company will be announcing the details of its updated fall-winter exploration and drilling plans as soon as the program is finalized.
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.
Douay …read more
Source:: The Korelin Economics Report
The post Company News – Tue 5 Sep, 2017 appeared first on Junior Mining Analyst.