Aurvista Gold: The Last Elephant-Sized Gold Deposit in Quebec

ZURICH, SWITZERLAND / ACCESSWIRE / July 13, 2016 / Today, Stephan Bogner from Rockstone Research published a report on Aurvista Gold Corp. (AVA.V) as the company recently started its summer exploration program at its fully owned Douay Gold Project in the prolific Abitibi Greenstone Belt of northern Québec.

The 2-staged program is expected to be completed in September and as such an increased newsflow is anticipated over the summer. Phase-1 will involve airborne geophysics to define key contacts, faults and porphyry up to a depth of 150 m (these features are typically linked to the massive sulphide lenses within a 6 x 1 km gold-copper corridor). Phase-2 will consist of 4,000 m of drilling to delineate additional gold and/or copper-gold mineralization on the best targets identified in phase-1. Over the last years, only very little exploration has been done on the camp-scale property (145 km2 or 20 km strike length of a fault, the Casa Berardi Break south of and parallel to the Detour Trend). Within a 5 km window, 3 million oz of gold have been discovered to date. Thus, 15 of the 20 km prospective trend remains completely unexplored.

Groups like Thomas Kaplan's Electrum may only pursue opportunities in gold with a minimum of 5 million oz in North America. However, there are not many of such elephant-sized gold deposits left. The upcoming drill program has been designed to find additional resources in order to get closer to this "magic" 5 million oz level.

The full report can be accessed with the following links:

English (PDF):
http://rockstone-research.com/images/PDF/Aurvista2en.pdf

English (web version):
http://rockstone-research.com/index.php/en/research-reports/1247-The-Last-Elephant-Sized-Gold-Deposit-in-Quebec

German (PDF):
http://rockstone-research.com/images/PDF/Aurvista2de.pdf

Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

Advertisement