Friday 17th November 2017

Resource Clips



Aurvista Gold readies winter drilling on Abitibi’s Casa Berardi deformation zone

Update: On November 8, 2017, Aurvista announced a change of name and stock symbol to Maple Gold Mines Ltd TSXV:MGM, tentatively to take place November 20.

by Greg Klein | November 6, 2017

Preparations on and off the field continue as Aurvista Gold TSXV:AVA plans another winter drill campaign at its newly expanded Douay gold property. Now totalling over 37,000 hectares, the project will benefit from an extensive program of re-logging, geological modelling and data integration to target both greenfields and brownfields priorities. The work focuses on outlining clusters of higher-grade and broader gold intercepts.

Aurvista Gold readies winter drilling on Abitibi’s Casa Berardi deformation zone

Dating to the 1976 discovery, Douay houses over
220,000 metres of core with more to come this winter.

Out of more than 220,000 metres of core dating back to Douay’s 1976 discovery, about 27,000 metres had yet to be re-logged as fall began. Aurvista also has a property-scale remote spectral geology project underway “to help us better understand the scale of the Douay system and to focus our future field work in the central part of the property,” said VP of exploration Fred Speidel.

Helping guide the project are an expanded board of directors and new technical advisory committee that joined the company in July. Last month Jay Chmelauskas took on the chairperson role. Having held a number of positions with Western Lithium and Lithium Americas TSX:LAC, he had previously served as president/CEO of Jinshan Gold Mines, where he led development of China’s second-largest gold producer as well as exploration that has since resulted in the development of an additional Chinese gold mine.

Douay covers over 55 kilometres of strike along Quebec’s Casa Berardi deformation zone. Using a 0.5 g/t cutoff, an April resource update for seven zones gave an inferred total of 83.33 million tonnes averaging 1.05 g/t for 2.81 million gold ounces. The deposit remains open in multiple directions.

The project’s last drill program sunk 59 holes for 23,965 metres, with the final batch of assays released in July. The same month Aurvista closed private placements totalling $10.1 million.

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