Saturday 10th December 2016

Resource Clips



Aurvista Gold defines Abitibi targets for November drilling

by Greg Klein | September 27, 2016

As a comprehensive program of analyzing and relogging previous drill core continues, Aurvista Gold TSXV:AVA prepares to resume drilling its Abitibi-region Douay project in Q4. So far 74,580 metres of core from 228 historic holes have been re-logged, the company reported September 27. Another 23,830 metres from 105 historic holes remain. The program will also consider previous Aurvista drilling of 127 holes totalling 42,955 metres.

Aurvista Gold defines Abitibi targets for November drilling

The campaign has taken around 19,000 readings of core using a handheld X-ray fluorescence spectrometer (XRF) for geochemical analysis. About 7,000 more readings are expected, the company stated.

Aurvista has identified nine east-west shears and three subparallel structural domains on the property.

“The company believes that it can link the known gold zones to specific shears and potentially predict where to find additional gold mineralization,” said president/CEO Jean Lafleur. “Even more critical in terms of the overall potential, there are two distinct but overlapping metal signatures at Douay. The first is a primary volcanogenic massive sulphide of copper-zinc affinities crosscut by a secondary shear-hosted gold system. This interpretation is very similar to the Doyon-Bousquet-Laronde mining camp located 100 kilometres south-southwest of Douay, along the Cadillac-Larder Lake Deformation Zone.”

Aurvista anticipates sinking 4,000 metres from mid-November into the new year. The property has electrical grid connection and road access to a highway five kilometres away leading to Val-d’Or, 165 kilometres south.

In July the company closed a $500,000 private placement that followed a $1.1-million placement completed in May.

Share |

View All: News Stories