MONTREAL, QUEBEC--(Marketwired - May 6, 2013) - Augyva Mining Resources Inc. ("Augyva or the Company") (TSX VENTURE:AUV) is pleased to announce that following its news release dated March 22, 2013, it has filed a Preliminary Economic Assessment ("PEA") prepared by Met-Chem, Canada Inc. (Met-Chem) on SEDAR for its 35% owned Duncan Lake Iron Project. A copy of the PEA, dated May 6, 2013, is available under Augyva's SEDAR profile at www.sedar.com and will also be subsequently posted on Augyva's website at www.augyvamining.com.
The Duncan Lake Property
The Duncan Lake Property is an advanced exploration stage property comprised of approximately 534 mining claims covering approximately 25,605 hectares in the western part of the La Grande Greenstone Belt in the James Bay region of Quebec located approximately 130 kilometres from the East coast of James Bay. The Duncan Lake Property is the subject of a joint venture agreement between Augyva and Century. The Company has a 35% interest in the Duncan Lake Property and Canadian Century Iron Ore Corporation has a 65% interest.
About Augyva Mining Resources Inc.
Augyva Mining Resources Inc. (TSX VENTURE:AUV) is an exploration and development company. Its major project is its interest in the Duncan Lake Iron Project in the western part of the La Grande Greenstone Belt in Quebec.
In addition to the Duncan Lake Iron Project, Augyva holds a 100% interest in four other mineral properties in Quebec, namely: Yasinski and Kali in the James Bay region and Senneville and Malartic in the Abitibi region. At these mineral properties, the exploration focus is for gold and base metals mineralization.
About Met-Chem
Met-Chem is an internationally renowned consulting engineering firm established in 1969 to provide all phases of geology, mining, mineral processing and engineering services throughout the world. From its headquarters in Montreal, Met-Chem offers the mining industry professional expertise that covers scoping, pre-feasibility and feasibility studies, basic and detailed engineering, procurement and construction management, training, start-up, commissioning and operations assistance.
Cautionary Statement
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Augyva's disclosure documents on the SEDAR website at www.sedar.com. Augyva does not undertake to update any forward looking information except in accordance with applicable securities laws.
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:
Peter R. Jones
Chairman & Interim CEO
416-309-2198
www.augyvamining.com