Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

August 29, 2011 09:00 ET

Augyva Mining Resources Inc./Investor Relations Activities: Agreement Reached With First Canadian Capital Corp

MONTREAL, QUEBEC--(Marketwire - Aug. 29, 2011) - Augyva Mining Resources Inc. (Augyva) (TSX VENTURE:AUV) President, CEO, director Georges-Yvan Gagnon and the Board of Directors wish to communicate to the shareholders that an agreement was reached with First Canadian Capital Corp. to cover investor relations activities.

The agreement includes a series of actions aimed at actively informing Augyva shareholders and potential investors about the progress and objectives of the company.

About Augyva Mining Resources Inc.

Augyva is an exploration and development company holding five (5) properties located in the James Bay and Abitibi regions of the Province of Quebec. Its major project under development is the Duncan Lake iron ore Property 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, covers 5,848 hectares. Further to a drilling program of over 10,000 meters, completed in May 2009, a National Instrument 43-101 compliant technical report on the mineral resource estimate (the "Technical Report"), prepared by Met-Chem Canada Inc. ("Met-Chem"), was released in March 2010. Met-Chem has completed in December 2010 an internal opportunity study of the property. Augyva also awarded Roche Ltd. the mandate to carry out an environmental scoping study (ESS) for the project. Augyva has also completed the first 8,000 meters of its Phase II drilling program which began in January 2011 and a total of 24 holes have been drilled. Assay results will be released shortly. Other iron and related opportunities continue to be evaluated on an ongoing basis.

In addition to advancing the Duncan Lake iron ore project, Augyva holds an 100% interest in four (4) other gold and base metal properties: Yasinski (gold, platinum, chromite and other base metals) and Kali (gold, copper and other base metals) in the James Bay region; and Senneville (gold) and Malartic (gold) in the Abitibi region.

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 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

  • Frederic Berard, Attorney
    HKDP Communications and Public Affairs
    514-395-0375, ext. 259

    Georges-Yvan Gagnon - P. Geologist
    President and Chief Executive Officer
    819-275-2254 (FAX)