Friday 17th November 2017

Resource Clips


Posts tagged ‘Lithium Americas Corp (LAC)’

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

November 6th, 2017

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.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

July 24th, 2017

by Greg Klein | July 24, 2017

Update: On July 27 Aurvista Gold announced its technical advisory committee members.

Following an extensive drill program and ahead of an August 15 AGM, Aurvista Gold TSXV:AVA presented a lineup of nominees for an expanded board of directors and announced a management appointment to help advance the Douay project in Quebec’s Abitibi. Still to be named are personnel for a newly created technical advisory committee.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

Aurvista hopes Highway 109 leads
to the “next big Canadian gold story.”

A veteran of Ivanhoe Mines TSX:IVN and its predecessor Ivanplats, David Broughton shared PDAC’s Thayer Lindsley and the Association for Mineral Exploration’s Colin Spence awards for major discoveries of copper at Kamoa, Democratic Republic of Congo, and PGMs at Flatreef, South Africa. Closer to Douay, he’s worked on mining projects in the Casa Berardi, Joutel, Timmins and Kirkland Lake areas. After retiring from his full-time position with Ivanhoe, Broughton became the company’s senior adviser of exploration and geology. He also works as a consultant for other companies.

Jay Chmelauskas acts as a corporate development consultant for Lithium Americas TSX:LAC after serving a number of roles including technology development, permitting, engineering, financing, construction and commissioning with one of the company’s predecessors, Western Lithium USA. As president/CEO of Jinshan Gold Mines, he led the development of China’s largest gold-producing operation and led exploration efforts that have since brought about an additional gold mine in China.

Pierre Lebel serves as chairperson of Imperial Metals TSX:III and a director of West Kirkland Mining TSXV:WKM. Holding an MBA as well as a law degree, he was named the Mining Association of British Columbia’s 2012 Mining Person of the Year and received AME’s E.A. Scholz medal for outstanding contribution to mine development in B.C.

With over 20 years of mining finance experience, Akiko Levinson has led Irving Resources CSE:IRV and Gold Canyon Resources TSXV:GCU, as well as serving as a director of Novo Resources TSXV:NVO.

Janine North’s background includes managing logging and trucking companies, as well as Crown land tenures in B.C. A former AME director who recently retired as the CEO of the Northern Development Initiative Trust, she currently serves as a director of Conifex Timber TSX:CFF and BC Hydro.

We are focused on building the next big Canadian gold story. Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.—Matthew Hornor,
Aurvista Gold president/CEO

A 35-year metallurgical engineer, Maurice Tagami acts as VP of mining operations for Wheaton Precious Metals TSX:WPM, where he’s responsible for maintaining partnerships with 21 mines and eight development projects. He also served as president/CEO of Asanko Gold TSX:AKG predecessor Keegan Resources up to July 2012.

Aurvista president/CEO Matthew Hornor will be the company’s sole management nominee for the board. Running for re-election will be chairperson Gerald McCarvill and directors Edmund King and Sean Charland.

Joining the company as VP of corporate development, Joness Lang’s most recent experience includes six years with prospect generator Riverside Resources TSXV:RRI, where he co-led equity financings, built joint ventures and strategic alliances, and negotiated numerous gold and silver acquisitions.

Aurvista plans to announce a newly created technical advisory committee made up of “personnel covering all of the key disciplines required to bring the Douay gold project to the next level,” Hornor stated.

“We are focused on building the next big Canadian gold story,” he added. “Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.”

The news follows a backlog of assays released last week from a 59-hole, 23,965-metre campaign on the 30,500-hectare property and recent financings that closed on $10.1 million.