Thursday 21st September 2017

Resource Clips



Aurvista steps out to find more Abitibi gold

by Greg Klein | May 8, 2017

Stepout drill results have Aurvista Gold TSXV:AVA increasingly optimistic about potential outside the Douay project’s resource area. The program on Abitibi’s Casa Berardi deformation zone has so far seen 53 holes totalling 21,065 metres, with results received for 25 holes. Some highlights from a batch of assays released May 8 include holes DO-17-169 and DO-17-173 from northwest of the Porphyry zone:

DO-17-169

  • 2.46 g/t gold over 4.5 metres, starting at 312 metres in downhole depth

  • 0.44 g/t over 3 metres, starting at 325.5 metres

  • 0.72 g/t over 9 metres, starting at 336 metres

An earlier interval from DO-17-169, among assays released last month, showed 0.79 g/t over 34.5 metres.

Aurvista steps out to find more Abitibi gold

Previous core from Douay
reveals visible gold.

DO-17-173

  • 0.64 g/t over 7.5 metres, starting at 132 metres

  • 0.55 g/t over 4.5 metres, starting at 196.5 metres

  • 2.19 g/t over 3 metres, starting at 219 metres

A few other highlights include:

DO-17-165

  • 0.86 g/t over 7.5 metres, starting at 143.5 metres

  • 0.42 g/t over 6 metres, starting at 306.5 metres

DO-17-167

  • 0.36 g/t over 18.5 metres, starting at 209.5 metres

True widths are estimated at about 90%.

A resource update released in March used a 0.5 g/t cutoff for eight zones totalling:

  • inferred: 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces

With another resource update planned for later this year, drilling continues backed by $7.5 million raised last year. But the pace might exceed lab capacity. “Due to increased investment and high volume of exploration and drilling currently underway in the Douay region, assay labs are backed up and we have taken the necessary steps to expedite the assay process for the remainder of the program,” said president/CEO Jean Lafleur. “We look forward to results from 25-plus more drill holes from high-priority target areas at Douay.”

In March Aurvista released preliminary metallurgical test results that the company said were in line with comparable Abitibi projects. More tests are planned this year.

With additional claims staked last month, Douay now totals 30,500 hectares. Aurvista holds a 100% interest in approximately 29,300 hectares and a 75% interest in the 1,190-hectare North West zone, a JV with 25% partner SOQUEM, the mineral exploration branch of the provincial government’s Investissement Québec.

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