Wednesday 22nd November 2017

Resource Clips



Aurvista Gold expands its Abitibi presence, readies fall/winter drilling

by Greg Klein | September 5, 2017

New expertise, new financings and now new turf have Aurvista Gold TSXV:AVA looking forward to another season of drilling on its Douay project in Quebec’s Abitibi region. With even more expansion planned, the company has extended the property by over 2,600 hectares, for a total of 33,170 hectares offering potential for “high-quality drill targets within and beyond the known resource areas.”

Additional claim applications would raise that to 34,500 hectares, covering a 50-kilometre segment of the Casa Berardi deformation zone.

Aurvista Gold expands its Abitibi presence, readies fall/winter drilling

The new land sits contiguously to ground staked last April and covers two of Casa Berardi’s three main faults. The project’s main 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,” Aurvista stated. “The recently staked claims cover another area of chaotic magnetic signatures 20 kilometres to the northwest.”

Other near-term announcements should include plans for fall/winter exploration and drilling currently under preparation by Aurvista’s geologists and newly appointed technical advisory committee. The new program would follow spring/summer drilling that totalled 59 holes for 23,965 metres.

A resource last updated in April showed an inferred category for seven zones totalling 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces at a 0.5 g/t cutoff.

After originally offering a private placement up to $7 million, Aurvista closed financings totalling $10.1 million in July.

Share |

View All: News Stories