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News Release -  May 1, 2015 4:04 PM ET 

 

 

Aurvista Gold Delivers More Positive Results from Ongoing Generative Program at Douay Gold Project, Quebec

 

Aurvista currently at 3 million oz gold (all categories) is advancing toward a mining production scenario and is targeting new discovery potential.

 

NEW YORK, NY, May 1, 2015 /Sector Newswire/ - Aurvista Gold Corporation (TSX-V: AVA) (US listing: ARVSF) this week released favourable news regarding ground Induced Polarization ("IP") and regional IP surveys on the Douay Gold Project, part of an ongoing Generative Program.

 

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Q1 2015 Report, $0.25 - $0.50/share target

Aurvista Gold Corporation was also recently the subject of a research report by Market Equities Research Group with several potential catalysts that exist in 2015 with potential to result in $20-$50 million market cap for AVA.V. Aurvista currently has a resource of 3 million ounces gold (in all categories), it has 69.5 million shares outstanding and is trading near 5 cents. This comprehensive report places a 12 month price target on shares of AVA.V at C$0.25  to C$0.50 based on key valuation drivers which surround the fact the Company is actively working to improve economics to bring its Douay West gold zone to production. Aurvista is also expected to execute on a plan to expand on 3 million ounce gold resource and explore a large 20 km-long land position in Quebec’s prolific Casa Berardi Fault (Abitibi Gold Belt).

 

Should the company increase mineable resources for Douay West and demonstrate enhanced economics for the project through 2015, it would not be unreasonable to see a valuation for the project at $20 million.  With the new targets, should the company demonstrate the potential for an entirely new system, or perhaps a significant VMS system as currently envisioned, the company could see some degree of blue sky potential be realized. There is also very significant option value associated with the Porphyry deposit. Assuming increasing gold prices, this ~3 million ounce resource, if shown to be economic, offers potential to be a true company-maker. For these reasons, in view of Aurvista’s current market cap of ~CDN$5 million, the company appears undervalued and offers significant upside with favorable risk-reward characteristics.

 

The full research report may be found at http://sectornewswire.com/Report-AVA-0127-2015.pdf online.

 

Aurvista's principal asset is the Douay Gold Project, consisting of 221 contiguous designated wholly-owned claims totaling approximately 11,430 hectares (114.3 km2) plus 32 contiguous designated joint venture claims totaling approximately 1,194 hectares (11.9 km2) located on the Casa Berardi Fault in northern Quebec. The Douay Project contains an NI 43-101 compliant Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million oz of gold) in the Inferred category and 2,689,000 tonnes at 2.76 g/t gold (238,433 oz of gold) in the Measured and Indicated category, at a cut-off of 0.3 g/t gold.

 

 

  

 Excerpt of Aurvista Gold Corporation's April 30, 2015 news release:

   

Aurvista Gold Delivers More Positive Results from Ongoing Generative Program at Douay

 

Montreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA, OTC: ARVSF) announces the results from two ground Induced Polarization ("IP") surveys completed in Q1-2015, as well as thirteen regional IP surveys which have now been interpreted as a continuation of the Company's ongoing Generative Program (the "Program") at the Douay Gold Project ("Douay").

 

Geosig Inc. ("IOS") of Quebec City (Quebec) was contracted for the two IP surveys under the supervision of Mr. Yvan Bussičres. P. Eng., Aurvista's lead consultant for the Program, who completed the interpretation. The ground surveys were combined with the eleven IP surveys done over the years at Douay and were interpreted into a single database (refer to the appended Figure 1). IP and the other geological-geophysical components of the Program will be essential in identifying any new mineralization and new exploration targets at Douay.

 

The recently completed 68.6 new line-kilometer IP survey covered gaps in geophysical data in the extreme NW corner of Douay and the western end of the previously defined Porphyry Zone. The Porphyry Zone sector hosts the majority of the lower grade gold mineralization at Douay and overlaps with the newly defined base metal target area west of the South Porphyry. Results from both sectors show a match between IP and the previously interpreted airborne Magnetic and EM-INPUTTM surveys (Figure 1; refer to the Company news releases dated April 8, 2015, and December 16, 2014).

 

Highlights include:

 

1.

Areas of lower IP resistivity correspond to wide swaths of deeper overburden in the central and eastern portions of Douay;
 

 
2.

Where narrower linear IP resistivity lows occur they are overlapped by similar linear EM-INPUTTManomalies, corresponding to conductive linear and recessive fault-bearing graphite typical of the Casa Berardi Deformation Zone (the “CBDZ”), as well as graphite- and sulphide-rich mudstones and cherts;
 

 
3.

These narrow linear IP resistivity lows mirror the complex array of faults of the CBDZ crisscrossing Douay with consistent E-W, NE-SW and NW-SE trends forming anastomosing patterns - as in the case of the Douay West Zone, the gold mineralization appears to sit at the junction of two anastomosing faults;
 

 
4.

Smaller groupings of EM INPUTTM anomalies located in felsic and mafic volcanic rocks are associated with more discrete areas of higher IP resistivity, likely a non-graphitic component to the conductors, such as sulphide-bearing cherts and massive sulphides;
 

 
5.

The largest of these EM INPUTTM groupings spans some 4 kilometres in length, containing a 1 km wide series of conductors with higher IP resistivity running westwards from the South Porphyry; and
 

 
6

A similar 3.7 km long segment of EM-INPUTTM conductors and IP-resistivity highs occurs along the northwestern most occurrence of the Casa Berardi Deformation Zone, where previous drilling also indicated sulphide-bearing cherts and massive sulphides, this time anomalous in Copper, Zinc and Silver - historical drill hole #J8 intersected 0.16% Copper and 16.5 g/t Silver over 0.9 meters; whereas historical drill hole #54493 gave 0.18% Zinc over 8.9 meters.
   

As part of further expanding the generative work, the Company will initiate a lithogeochemical study which will assist in defining primary lithologies and secondary alteration gradients induced by hydrothermal-related processes for gold and/or base metal mineralization. Lithogeochemistry will be crucial in vectoring towards potential new mineralization along the 20 km length of the CBDZ on Douay. Aurvista will uniformly cover Douay by re-sampling drill core from 26 North-South project-wide sections at 500 meters to 750 meters intervals, analyzing this core for major and trace elements with complementary petrography, and finally alteration-mineralization vectoring. The work is ongoing and expected to be completed in Q4-2015...

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This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.

 

 

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