MONTREAL, QUEBEC--(Marketwired - Aug. 30, 2016) - Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE:AVA)(OTC PINK:ARVSF)(FRANKFURT:AV2) is pleased to announce the appointment of Mr. Keith C. Minty, P. Eng, MBA to the position of Chief Operating Officer. Mr. Minty is a well-seasoned mining engineer with over 30 years of international and domestic mine development and operating experience.
Mr. Jean Lafleur, President and CEO of Aurvista, stated, "I had the pleasure of working with Keith back in the early 2000s and know of his extensive experience in project development to develop projects from exploration through to production as a successful mine builder. He has built in excess of five mining operations worldwide and his project development experience will be an excellent asset to the company in the development of the Douay Gold Project."
Mr. Lafleur added, "Based in Aurvista's Toronto office, Keith will manage the Company operations, allowing me to be more focused on extracting exploration value of the Douay Gold Project by advancing exploration programs and developing the potential of a larger and higher quality mineral resources in the near term."
Mr. Gerald McCarvill, Chairman of the Board of Directors of Aurvista, also stated, "The Board of Directors welcomes Keith Minty as an executive member of the Aurvista Team. I truly believe Keith will be a major driving force as he teams up with Mr. Lafleur, to efficiently develop our wholly owned Douay Gold Project into a premier gold deposit in the Abitibi Belt. Keith has done this before in his career by building numerous mines and raising over C$1 billion to finance these projects worldwide."
As President and CEO of North American Palladium Ltd. from 1997 to 2003, Keith restructured the only North American platinum group metal project as a start-up with a C$350 million initial public offering. He developed North American Palladium as the world's fifth largest platinum group metal producer at the lowest operating cost with the highest productivity resulting in a very financially successful company.
As Chief Operating Officer of Thani Investments based in Dubai (U.A.E.) from 2008 to 2013, he re-structured the mineral resource division through acquisitions and project development into a successful $10 billion Middle East and Northern Africa private resource company. Mr. Minty has held project construction, operating and management positions at Viceroy Resources Ltd. Brewery Creek Project, Hunter Bay Mineral Plc, London, and as Hunter Dickinson Inc., South African Country Manager.
Mr. Minty has been granted an aggregate of 400,000 stock options to purchase common shares of the Company exercisable at a price of $0.24 per share for a period of 5 years. The stock options will be subject to a vesting schedule with 1/4 to vest immediately and 1/4 to vest on each anniversary of the grant date until the options are fully vested. These incentive options, as well as the terms and conditions of their exercise, are governed by the Company's Stock Option Plan which is in accordance with policies within the TSX Venture Exchange.
About Aurvista Gold Corp.
Aurvista Gold Corporation is a junior gold exploration and development Company with 90,689,121 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTC Pink Sheets in the US. Aurvista's only asset is the Douay Gold Project, consisting of a 100% owned interest in 250 contiguous claims totaling 133.1 km2, plus a 90% interest in 5 contiguous claims totaling 0.2 km2 and a 75% interest (25% held by SOQUEM) in 32 contiguous claims totaling 11.9 km2. In total there are 287 claims covering 145.3 km2 located along a 20 km segment of the Casa Berardi Deformation Zone in the prolific Abitibi Belt of northern Quebec. Douay is located 40 km SW of the Matagami Zinc Base Metal Camp and 150 km N of the Val-d'Or-Malartic Gold Camp (both in Quebec). Details can be viewed on the Company's website at www.aurvistagold.com.
In August, 2012, Aurvista updated the Mineral Resource estimates that included all drilling completed to the end of March 2012. Douay contains a Mineral Resource estimate of 2.7 million tonnes of Indicated Resources at 2.76 g/t gold for 238,000 ounces (above a 0.3 g/t gold cut-off grade) or 3,458,000 tonnes grading 2.98 g/t gold (at a 0.5 g/t gold cut-off grade) for 235,500 ounces. There were additional Inferred Resources of 115 million tonnes at 0.75 g/t gold for 2.75 million ounces (above a 0.3 g/t gold cut-off grade) or 62 million tonnes grading 1.06 g/t gold for 2.1 million ounces (above a 0.5 g/t cut-off grade).
NEITHER THE 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 PRESS RELEASE
This news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.aurvistagold.com.