(via Thenewswire.ca)
Montreal, Quebec - August 17, 2012, Aurvista Gold Corporation ("Aurvista" or the "Corporation") (TSX-V: AVA) is pleased to report that it has filed on SEDAR, an updated National Instrument 43-101 Technical Report (the "Report") for its Douay Gold Project located on the Casa Berardi Fault in northern Quebec. A copy of the report entitled "Douay Deposit National Instrument 43-101 Compliant Technical Report" is available under the Corporation's SEDAR profile at www.sedar.com. The Report was completed by Riverbend Geological Services Inc., which is an independent consultant.
About Riverbend Geological Services Inc.
The Resources in this report were estimated by Riverbend Geological Services Inc. in accordance with the definitions contained in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves Definitions and Guidelines that were prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on November 27, 2010. The Riverbend Geological Services Inc. person responsible for this Mineral Resource Estimate is Cliff Duke, P. Eng. Mr. Duke is a Qualified Person as defined in NI 43-101, and is independent of Aurvista. Riverbend Geological Services Inc. acknowledges that it has read this news release and approves of its contents.
Qualified Person
Jean Lafleur, P. Geo., Aurvista's 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 Douay Gold Project, consisting of 298 contiguous claims totaling 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 115 million tonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred category and 2.7 million tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Indicated category, at a cut-off of 0.3 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.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
For further information:
Aurvista Gold Corp.
Richard Adams, President and CEO
Telephone:(416) 504-3588
Facsimile:(416) 504-4129
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