Aurvista Gold Corporation
TSX VENTURE : AVA

Aurvista Gold Corporation

January 26, 2012 09:05 ET

Aurvista Gold Corp. Commences Drilling on the Gold Porphyry Zone at the Douay Project

MONTREAL, QUEBEC--(Marketwire - Jan. 26, 2012) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

AURVISTA GOLD CORP. ("Aurvista" or the "Company") (TSX VENTURE:AVA) is pleased to announce that it has commenced its winter drilling program at its wholly-owned Douay Project ("the Project"), located near Matagami Quebec in the northern Abitibi region. This phase will include a minimum 8,000 metres of diamond drilling. Drill holes planned for this phase will focus on extending the known gold resources in the bulk tonnage Porphyry Zone to the west, to the east and to depth (up to depths of 450 m).

"Our objective in the near term is to significantly expand the current 1.8 million ounce gold resource at the Project" stated Rick Adams, Aurvista's Chairman, President and CEO. "We believe that the Porphyry Zone represents an outstanding opportunity for us to achieve this objective, as this large zone is currently open to the west, east and at depth."

This drill program is expected to be completed by the end of the second quarter of 2012, with results released as they are received by the Company.

Jean Lafleur, P. Geo., VP Exploration, is the Qualified Person responsible for technical content of this release.

About Aurvista

Aurvista Gold Corporation is a junior gold exploration and development company. Aurvista's principal asset is the 100% owned Douay Property, consisting of 218 contiguous claims totaling approximately 11,440 hectares located on the Casa Berardi Fault containing a NI 43-101 compliant Mineral Resources of 42.6 million tonnes at 1.29 g/t gold (1,800,000 oz) in the Inferred category and 905,000 tonnes at 1.7 g/t gold (49,000 oz) in the Measured and Indicated categories, at a cut-off of 0.7 g/t gold. In addition to these Resources, Douay West hosts Measured and Indicated Resources of 313,000 tonnes at 7.75 g/t gold (77,992 oz) and Inferred Resources of 267,000 tonnes at 8.53 g/t gold (73,187 oz), at a cut-off of 4.0 g/t gold.

Details of Aurvista's Douay Project can be viewed at the Company's website at www.aurvistagold.com.

READER ADVISORY

Statements in this press release may contain forward-looking information including, but not limited to, statements with respect to the Company's proposed drill programs. In addition, information concerning the interpretation of drill results may also be considered forward-looking statements as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including but not limited to, the ability of the Corporation to raise sufficient capital to pay the exploration and development costs on the properties, the availability of skilled labour, availability of equipment, and future capital and operating costs. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, the risks of capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, commodity price and exchange rate fluctuations, the uncertainty of estimates and projections relating to production, health, safety and environmental risks, delays in the development of projects, uncertainties relating to the interpretation of the geology, unanticipated operational or technical difficulties and other factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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.

Contact Information

  • Aurvista Gold Corp.
    Richard Adams
    President and CEO
    (416) 504-3588
    (416) 504-4129 (FAX)
    www.aurvistagold.com