Augyva Mining Resources Inc.
TSX VENTURE : AUV

Augyva Mining Resources Inc.

June 19, 2009 09:00 ET

Augyva Mining Resources Inc.: More Results From First Phase Drilling at Duncan

MONTREAL, QUEBEC--(Marketwire - June 19 2009) - Augyva Mining Resources Inc. ("Augyva" or the "Company") (TSX VENTURE:AUV), is pleased to announce additional results from the first phase drilling program on its Duncan Iron Project in James Bay, Quebec.

Highlights of the results include: 226.46 meters at 25.45 % Fe in hole 33; 90.18 meters at 27.12% Fe in hole 39; 75.67 meters at 28.8% Fe in hole 49 and 130.91 meters at 26.79% Fe in hole 52. Additional assays for zone 4 are pending. Details of the results are set out in the table below.

The drill program resumed in January following the Christmas break and was completed at the end of May 2009. In total, 10,456 meters of drilling was completed. Five magnetite deposits were tested; Duncan 1, 2, 3, 4 and 5 within a radius of 20 km from the Duncan 1 deposit. The cumulative strike length of magnetite iron formation tested by drilling so far, is 10.6 km.

Metallurgical testing carried out by COREM (Quebec, Canada) on Duncan 1 deposit north and south limbs resulted in a magnetic concentrate with an average grade of 65.9% Fe from an average head grade of 26% Fe for the north limb, and in a magnetic concentrate with an average grade of 65.2% Fe from an average head grade of 31.3% Fe for the south limb. Further testing will be carried out on samples from deposits 2, 3, and 4.

Sandy Chim, CEO of Augyva commented, "We are very encouraged by the drilling results with four of the five deposits tested returning average grades of 23-30% Fe over good thicknesses. The four deposits (1 to 4) are open at depth. Deposits 3 and 4 are open along strike and deposit 2 is open to the south east. Drilling of deposit 5 intersected narrow bands of magnetite formation. No further drilling will be carried out on this zone. The average vertical depth of drilling so far is 160 meters. Preliminary metallurgical testing indicates a concentrate with a grade over 65% Fe can be produced from magnetic separation."

Following completion of assay results a 43-101 compliant resource calculation will be carried out. All assays and sample preparation are performed at ALS-CHEMEX laboratories located in Val d'Or and Vancouver. Drill core samples are cut in two parts, sent in sealed and numbered bags to the preparation laboratory. Upon reception the samples are dried, crushed, pulverized and, shipped to Vancouver to be analyzed for major elements, including iron, via XRF and sulfur via a Leco reader.

Augyva conducts a systematic QA/QC program consisting of inserting 2 blanks, 3 certified samples and assaying 4 duplicate samples by every 100 samples and re-assaying 10% of the samples at an external laboratory.

The information contained in this press release has been prepared by Daniel Gaudreault, P. Eng of Geologica Groupe-Conseil. Mr. Gaudreault is a "Qualified Person" and is responsible for the technical information contained in this press release. He collaborates through his regular visits on site, for all matters related to sampling procedures, technical information and the supervision of ongoing exploration work. Thus, he can testify to the precision and exactitude of the data and the geological knowledge of the Duncan property, as required by National Instrument 43-101 and its annexes with respect to the reporting and content of this press release.

About Augyva Mining Resources Inc. and Duncan Iron Project

Augyva Mining Resources Inc. is a Canadian exploration and development company with its major iron ore property near Duncan Lake in the James Bay region of the Province of Quebec. The Duncan Iron Project is located in the western part of the La Grande Greenstone Belt and hosts Algoma type iron deposits in a volcano-sedimentary sequence. The property, directly accessible by road, is located thirty kilometers south of Radisson in the James Bay region and covers 4,615 hectares.

About Canadian Century Iron Ore Corporation

Canadian Century Iron Ore Corporation ("Century"), a member of Century Iron Ore Group (the "Century Group") which is based in the Far East and has extensive network, experience and expertise in the international iron ore industry with the focus on developing iron ore resources targeted to and supplying iron ore products to China, the largest and fastest growing consumer of the raw material today. The Century Group has investments in iron ore assets in Canada (including the Duncan Iron Project) and other countries including China.



Phase 1 Assay Results for Duncan deposits 1, 2, 3 and 5
--------------------------------------------------------------------------
Hole Easting Northing Deposit From To Core Fe%
meters meters Length
meters
--------------------------------------------------------------------------
(i)Dun 08-01 315087E 5929708N Duncan 1 58.25 177 118.75 26.26
--------------------------------------------------------------------------
(i)Dun 08-02 315208E 5929863N Duncan 1 13.28 138.55 125.27 24.42
--------------------------------------------------------------------------
(i)Dun 08-03 314930E 5929576N Duncan 1 36.2 90 53.80 27.90
--------------------------------------------------------------------------
(i)Dun 08-04 314765E 5929737N Duncan 1 75.05 145.5 70.45 29.34
--------------------------------------------------------------------------
(i)Dun 08-05 314765E 5929549N Duncan 1 30 86.75 56.75 28.75
--------------------------------------------------------------------------
Dun 08-06 314314E 5929346N Duncan 1 24.00 53.35 29.35 16.90
--------------------------------------------------------------------------
Dun 08-07 314245E 5929418N Duncan 1 130.90 171.70 40.80 16.41
--------------------------------------------------------------------------
Dun 08-08 314372E 5929577N Duncan 1 93.00 123.50 30.50 23.44
--------------------------------------------------------------------------
Dun 08-09 314010E 5929228N Duncan 1 90.5 99 8.50 26.42
--------------------------------------------------------------------------
Dun 08-10 313903E 5929193N Duncan 1 105.85 148.75 16.57 20.55
--------------------------------------------------------------------------
Dun 08-11 313905E 5929188N Duncan 1 123.25 189.27 66.02 21.16
--------------------------------------------------------------------------
Dun 08-12 313859E 5929083N Duncan 1 40 95.6 55.60 19.28
--------------------------------------------------------------------------
Dun 08-13 313796E 5929027N Duncan 1 57.13 134.8 77.63 19.83
--------------------------------------------------------------------------
Dun 08-14 313603E 5928922N Duncan 1 137.2 210.12 72.92 22.78
--------------------------------------------------------------------------
Dun 08-15 313659E 5928869N Duncan 1 27.4 90.55 63.15 22.24
--------------------------------------------------------------------------
Dun 08-16 313457E 5928791N Duncan 1 121.83 158.8 36.97 24.84
--------------------------------------------------------------------------
Dun 08-17 313438E 5928673N Duncan 1 30.8 51.5 20.70 30.26
--------------------------------------------------------------------------
Dun 08-18 313330E 5928641N Duncan 1 94.5 183.6 89.10 24.84
--------------------------------------------------------------------------
Dun 08-19 313396E 5928716N Duncan 1 99.6 137 37.4 23.93
--------------------------------------------------------------------------
Dun 08-20 313956E 5928708N Duncan 1 31 61.55 30.55 23.74
--------------------------------------------------------------------------
Dun 08-21 314028E 5928924N Duncan 1 70.3 147.0 76.70 22.74
--------------------------------------------------------------------------
Dun 09-22 314250E 5929120N Duncan 1 14.3 45.0 30.70 25.28
--------------------------------------------------------------------------
Dun 09-23 314581E 5929503N Duncan 1 77.2 169.0 91.80 26.13
--------------------------------------------------------------------------
Dun 09-24 314009E 5928658N Duncan 1 12.5 75.52 63.20 13.00
--------------------------------------------------------------------------
Dun 08-25 314094E 5928864N Duncan 1 35.8 52.22 16.42 22.97
--------------------------------------------------------------------------
Dun 08-26 314461E 5929331N Duncan 1 31.0 83.84 52.84 22.04
--------------------------------------------------------------------------
Dun 09-27 312737E 5928138N Duncan 1 20.18 33.08 12.90 26.77
--------------------------------------------------------------------------
Dun 09-28 312490E 5928027N Duncan 1 88.8 153.05 64.25 23.27
--------------------------------------------------------------------------
Dun 09-29 312350E 5927891N Duncan 1 38.12 118.9 80.78 23.27
--------------------------------------------------------------------------
Dun 09-30 312228E 5927832N Duncan 1 47.12 83.7 36.58 25.81
--------------------------------------------------------------------------
Dun 09-31 312006E 5927596N Duncan 1 19.34 50.1 30.76 20.60
--------------------------------------------------------------------------
Dun 09-32 323915E 5935775N Duncan 3 147.9 160.4 12.50 28.78
--------------------------------------------------------------------------
Dun 09-33 324623E 5936086N Duncan 3 67.54 294 226.46 25.45
--------------------------------------------------------------------------
Dun 09-40 324680E 5937125N Duncan 3 137 168.84 31.84 25.67
191.85 237.95 46.10 26.46
--------------------------------------------------------------------------
Dun 09-47 324780E 5936210N Duncan 3 106.63 163.85 57.22 25.72
163.85 199.5 35.65 20.27
--------------------------------------------------------------------------
Dun 09-34 319289E 5930727N Duncan 5 12 26.2 14.20 25.89
41.4 47.86 6.46 24.68
--------------------------------------------------------------------------
Dun 09-35 319610E 5931082N Duncan 5 122.75 141.35 18.60 22.31
--------------------------------------------------------------------------
Dun 09-36 320016E 5931241N Duncan 5 30.26 56.9 26.64 24.54
--------------------------------------------------------------------------
Dun 09-37 320755E 5931840N Duncan 5 34.3 54.42 20.12 25.16
--------------------------------------------------------------------------
Dun 09-41 317950E 5930127N Duncan 5 78.5 89.7 11.20 27.69
--------------------------------------------------------------------------
Dun 09-42 318545E 5930423N Duncan 5 55.2 62.35 7.15 28.29
--------------------------------------------------------------------------
Dun 09-38 320160E 5933800N Duncan 2 69.45 132.7 63.25 28.27
--------------------------------------------------------------------------
Dun 09-39 320400E 5933990N Duncan 2 69.22 159.4 90.18 27.12
--------------------------------------------------------------------------
Dun 09-48 320110E 5933850N Duncan 2 167.36 236.9 69.54 27.55
--------------------------------------------------------------------------
Dun 09-49 3200509E 5934087N Duncan 2 87.2 162.87 75.67 28.80
--------------------------------------------------------------------------
Dun 09-50 320030E 5933655N Duncan 2 38 81.9 43.90 27.19
--------------------------------------------------------------------------
Dun 09-51 321379E 5934721N Duncan 2 64.5 151.1 86.60 26.70
--------------------------------------------------------------------------
Dun 09-52 320116E 5933852N Duncan 2 260.25 391.16 130.91 26.79
--------------------------------------------------------------------------


Complete results for holes Dun 09-43 to Dun 09-46 testing zone 4 are pending.

(i) Previously released.

Further details are available on the Company website at www.augyva.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Augyva Mining Resources Inc.
    Georges-Yvan Gagnon, Geologist (OGQ)
    President
    819-275-1614
    or
    Augyva Mining Resources Inc.
    Michael Skutezky
    Director
    416-594-0791 x128