by Greg Klein | December 12, 2016
Analysis has identified the next seven drill locations for Aurvista Gold’s (TSXV:AVA) Douay project in Abitibi. Totalling about 3,700 metres, this phase of drilling’s intended to update resources for four of the project’s zones, Douay West, Northwest, Porphyry (Adams section) and Central, the company reported December 12. The 14,500-hectare property hosts eight zones with resource estimates along a five-kilometre northwest-southeast trend. That, in turn, sits within a 20-kilometre trend of lower-grade porphyry.
In a 2012 resource estimate using a 0.3 g/t cutoff, the eight zones totalled:
- indicated: 2.69 million tonnes averaging 2.76 g/t for 238,435 gold ounces
- inferred: 114.65 million tonnes averaging 0.75 g/t for 2.75 million ounces
Meanwhile work continues on geological, geochemical, assay and geophysical data to build a 3D model by Q1 2017. The agenda includes re-logging more than 300 historic holes totalling 98,135 metres. About 4,000 samples of historic core have been sent for gold-copper-zinc assays. The core also underwent analysis with a hand-held XRF device to take magnetic and conductive readings.
In addition, a mapping program focused on the property’s 10-kilometre by three-kilometre Adam Creek area “that encompasses the former Douay-style mineralization sector containing the higher- and lower-grade gold zones associated with the nine individual east-west shear zones and three subparallel structural domains,” Aurvista stated. Fifty-eight grab samples were collected west of the area.
Last month the company closed a private placement of just under $6 million.