by Greg Klein | April 5, 2017
Maybe partly inspired by a recent expansion of mineralization, Aurvista Gold TSXV:AVA has expanded its Douay gold project to more than twice its previous size. Taking advantage of recently abandoned claims, the company staked another 16,440 hectares, increasing the property to about 30,500 hectares along a 40-kilometre stretch of the Abitibi’s Casa Berardi deformation zone.
The new land has airborne geophysics and ground surveys scheduled for summer.
Aurvista now holds a 100% interest in about 29,300 hectares and a 75% interest in the 1,190-hectare North West zone, with the remainder held by JV partner SOQUEM, the mineral exploration branch of the provincial government’s Investissement Québec.
Two days earlier Aurvista released assays boasting good grades over wide intervals, one of which expanded Douay’s Main porphyry zone by 500 metres. Having raised $7.5 million in 2016, the company has three rigs conducting a 30,000-metre campaign, with a year-end goal of updating the resource, currently showing an inferred 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces.
Last week Aurvista announced preliminary metallurgical results that the company said were in line with comparable Abitibi projects.