(via Thenewswire.ca)
Montreal, Quebec - February 26, 2013: Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX-V: AVA) announces that Phase 1 of the 2013 Drill Program is now underway. To date, the Company has drilled 9 holes totaling 3,710 meters into the "South Porphyry" target. Drilling results will be released as they are received, with the first group of results expected towards the end of Q1-2013.
The 2013 drill program includes work on three of the Company's five major targets; the exploration of the "South Porphyry", infill drilling of the "Main Porphyry", and delineation drilling of the "North West Zone". The "Pull Apart" target, and the "Douay West Zone" will be addressed in later programs.
The 2013 drill program consists of three phases:
-Phase 1, which has recently commenced will consist of up to 15 diamond drill holes totaling 5,000 meters on the "South Porphyry", drilled at 200 meter centers in a double fence pattern. The "South Porphyry" is contiguous across approximately 2 kilometers in length and approximately 1,000 meters in width, and is located directly south of the east-west "Main Porphyry" target.
-Phase 2 will consist of up to 11 infill holes for 5,000 meters on the "Main Porphyry";
-Phase 3 will consist of 25,000 meters of additional infill drilling and additional testing of the "North West Zone" but is subject to financing and also subject to results from the first two phases. The "North-West Zone" is approximately 1 kilometer N-NW of the Douay West Zone and approximately one and a half kilometer NW of the "Main Porphyry". This area is seen by Aurvista as being a relatively small target but has good potential, as it is an area which can add higher grade lenses thus potentially improving both resources and grade.
The Company wants to make note of the fourth mineralized zone, the "Pull-Apart Zone", which remains undeveloped. It is the Company's belief that the deep hole drilling program required to define the "Pull-Apart" potential should be based on a firm economic base, namely a Preliminary Economic Assessment or similar definitive study.
The Douay West Zone is well defined and is reviewed extensively in the most recent NI 43-101 report.
Richard Adams, President and CEO of Aurvista stated "All of the targets present a great opportunity to increase the total bulk tonnage of the Douay Project through exploratory drilling to potentially extend the current Main Porphyry Zone to the north and south. Further drilling is needed on the Main Porphyry to update the 2012 block model which was released in tandem with the recent NI 43-101 report released on August 21, 2012. The 2012 block model had sections which were incomplete, and further infill drilling needs to be done to fully understand the controls of the mineralization. An added benefit to further infill drilling can also be to potentially increase the average grades of the resource. The Company believes that an increase of the average grade of the resource will increase the economic viability of the project".
Mr. Jean Lafleur, M. Sc., P. Geo., VP Exploration of Aurvista, is the Qualified Person responsible for technical content of this release.
About Aurvista Gold
Aurvista Gold Corporation is a junior gold exploration and development company. Aurvista's principal asset is the Douay Gold Project, consisting of 298 contiguous claims totalling approximately 12,704 hectares located on the Casa Berardi Fault in northern Quebec. The Douay Project contains a NI 43-101 compliant Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred category and 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured and Indicated category, at a cut-off of 0.3 g/t gold.
For further information please contact
Richard Adams, President and CEO
Telephone:(416) 682-2674
Facsimile:(416) 504-4129
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