Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

June 10, 2008 08:07 ET

Augyva Signs 30,000 Meter Drilling Contract for Duncan Iron Project

MONTREAL, QUEBEC--(Marketwire - June 10, 2008) - Georges-Yvan Gagnon, P.Geo., President and CEO of Augyva Mining Resources Inc. ("Augyva")(TSX VENTURE:AUV) is pleased to announce the signing of a 30,000 meter drilling contract with James Bay Drilling on the Duncan Iron Project in James Bay, Quebec.

Phase - I of the diamond drilling program will consist of 30 - 35 holes totalling approximately 10,000 meters. Drilling program is undertaken to adequately evaluate the Duncan No. 1, 2 and 5 Iron ore deposits as well as other known mineralized zones on the property. The drilling program is designed to verify some of the previous drilling, to test the lateral and depth extensions of the mineralized zones and carry out some infill holes. At the completion of this program a 43-101 resource calculation will be completed. The drilling program will start shortly.

The Duncan Project is located at the Western Part of the La Grande Greenstone Belt and hosts iron ore deposits of the Algoma type, hosted by a volcano-sedimentary sequence. The property, directly accessible by road, is located in James Bay, 45 kilometres south of Radisson and covers 3,642 hectares. A 43-101 Technical Report listing historical resources (non 43-101 compliant) from work done in the 1960 and 70's is available on Augyva website and on SEDAR.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Augyva Mining Resources Inc.
    Georges-Yvan Gagnon
    President and CEO
    Augyva Mining Resources Inc.
    Lynda Paulin
    Secretary and Treasurer