Aurvista Gold drills nine m of 4.53 g/t Au at Douay

Stockwatch Daily - - MINES & METALS - Mr. Matthew Hornor re­ports

AURVISTA GOLD Corp. has re­leased fi­nal drill re­sults from the re­cently com­pleted 2017 spring-sum mer drill pro­gram. The drill pro­gram to­talled 23,965 me­tres across 59 drill holes. Forty of the 59 com­pleted drill holes fo­cused on the four-kilo­me­tre-long por­phyry trend, ex­ten­sion tar­gets and mul­ti­ple zones of min­er­al­iza­tion par­al­lel to the core por­phyry sys­tem. In­cluded in the as­says re­ported to­day are 13 new drill holes (5,192 me­tres) in the cen­tral seg­ment of the por­phyry sys­tem (Por­phyry zone, 20 zone and Cen­tral zone), which were suc­cess­ful in hit­ting more high-grade gold, sig­nif­i­cant low-grade ha­los of min­er­al­iza­tion as well as de­lin­eat­ing fur­ther min­er­al­iza­tion at depth. High-grade high­lights in­clude:

• DO-17-202: 9.0 me­tres at 4.53 grams per tonne gold (in­clud­ing 1.5 m at 15.7 g/t Au);

• DO-17-200: 4.5 m at 4.68 g/t Au;

• DO-17-197: 1.2 m at 13.35 g/t Au;

• DO-17-187: 1.1 m at 4.84 g/t Au and 1.5 m at 4.13 g/t Au.

DO-17-202 and DO-17-200 demon­strate the po­ten­tial for higher grades and ad­di­tional ounces with fur­ther drilling along the north­ern bound­ary of the Por­phyry zone (the North zone), while DO-17-187 ex­panded known min­er­al­iza-

tion at the south­ern edge of the main Por­phyry zone. In ad­di­tion to the high-grade re­sults, sig­nif­i­cant lower-grade min­er­al­iza­tion was also in­ter­sected in a num­ber of the re­cently re­ceived as­say re­sults. High­lights in­clude:

• DO-17-197: 23.9 m at 0.51 g/t Au;

• DO-17-194: 14.0 m at 1.37 g/t Au and 6.0 m at 1.28 g/t Au;

• DO-17-192: 33.0 m at 0.55 g/t Au and 10.2 m at 0.77 g/t Au;

• DO-17-187: 10.5 m at 1.45 g/t Au, six m at 1.12 g/t Au, 7.5 m at 0.86 g/t Au and 9.0 m at 0.56 g/t Au;

• DO-17-182: 7.5 m at 1.03 g/t Au, 15 m at 0.47 g/t Au and 13.5 m at 0.46 g/t Au. DO-17-192 ex­pands known min­er­al­iza­tion be­tween the Por­phyry zone and 20 zone, and DO-17-182 ex­tended known min­er­al­iza­tion down to more than 600 me­tres in depth.

Aurvista’s pres­i­dent and chief ex­ec­u­tive of­fi­cer, Matthew Hornor, stated: “We are very en­cour­aged with the lat­est as­say re­sults within this core cen­tral seg­ment of the por­phyry sys­tem at Douay. We see great po­ten­tial to add ounces by link­ing zones of min­er­al­iza­tion, our tech­ni­cal group will up­date in­ter­nal mod­els and fo­cus on the high­est-pri­or­ity tar­gets in sub­se­quent drill cam­paigns.”

As­say re­sults were re­ceived from a fi­nal drill hole at the Douay West zone (DO-17-190), lo­cated on the eastern edge of the zone, re­turned 7.5 m at 1.39 g/t Au and in­di­cates the po­ten­tial to more than dou­ble the orig­i­nal Douay West zone foot­print with fur­ther drilling. This re­sult builds on pre­vi­ously an­nounced drill re­sults (see news re­leases dated Feb. 22, April 3 and May 8, 2017). Ad­di­tional Douay West zone ex­pan­sion tar­gets will be fol­lowed up in sub­se­quent drilling cam­paigns.

An­other ob­jec­tive of the spring-sum­mer 2017 drilling cam­paign was to test the NW Por­phyry ex­ten­sion tar­get area. A to­tal of 20 stepout and widely spaced (200 to 400 me­tres) drill holes were com­pleted and con­firmed the por­phyry sys­tem ex­tends to the north­west. In­cluded in the as­says re­ported to­day are an ad­di­tional 11 drill holes (4,102 me­tres), with sev­eral drill holes in­ter­sect­ing gold min­er­al­iza­tion. High­lights in­clude:

• DO-17-181: 2.1 m at 3.25 g/t Au and 1.0 m at 1.93 g/t Au;

• DO-17-189: 4.6 m at 0.88 g/t Au, 5.1 m at 0.64 g/t Au and 7.1 m at 0.46 g/t Au;

• DO-17-191: 7.0 m at 0.61 g/t Au;

• DO-17-193: 4.5 m at 0.50 g/t Au, 4.5 m at 0.45 g/t Au and nine m at 0.45 g/t Au.

There are very few his­tor­i­cal drill holes within the five-kilo­me­tre-long-by500-me­tre-wide NW Por­phyry tar­get area and the cur­rent drilling cam­paign was suc­cess­ful in es­tab­lish­ing the po­ten­tial for a new lower-grade gold seg­ment and ex­ten­sion of the por­phyry min­er­al­iza­tion. The com­pany also com­pleted 11 ex­plo­ration drill holes tar­get­ing gold-bear­ing vol­canogenic mas­sive sul­phide style min­er­al­iza­tion at the EM con­duc­tor tar­get ar­eas (E and G). Mi­nor high­lights in­cluded DO-17-176: 1.5 m at 1.81 g/t Au at the con­duc­tor E tar­get; and DO-17-201A: 6.4 m at 2.77 per cent zinc at the con­duc­tor G tar­get.

The 2017 spring/sum­mer drilling cam­paign suc­cess­fully ex­panded a num­ber of min­er­al­ized zones and drilling con­tin­ued to in­ter­sect gold min­er­al­iza­tion. The main struc­tural cor­ri­dor has a known strike length of 10 km with sig­nif­i­cant ex­plo­ration up­side. Aurvista plans to have a tech­ni­cal com­mit­tee of ex­perts visit the Douay gold project in early Au­gust as the com­pany re­fines its go-for­ward ex­plo­ration and drilling plans.

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease (karenb@stock­watch.com).

Sean Char­land, Ron­ald Bryan Keeler, George Ed­mund King, Jean Lafleur, Ger­ald Pa­trick McCarvill, Robert A Mitchell

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