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Feature article November 26, 2014: 

 

Aurvista currently at 3 million oz gold (all categories) with plan to become next major gold mine in Canada

      

Aurvista Gold Corporation

(TSX-V: AVA) (US: ARVSF)

 

 

Current established intrinsic value at Douay Gold Project:

  • 238,433 oz Gold Measured & Indicated (2,689,000 tonnes @ 2.76 g/T).

  • 2,754,554 oz Gold Inferred (114,652,000 tonnes @ 0.75 g/T). 

  • ~$2 million in the bank as of November 11, 2014.

Value drivers:

  • Scoping study is expected in Q1-2015, the study will assess economics of mining the high-grade gold resource and low-grade bulk tonnage gold resource. There appears potential for a mining operation starter on high-grade Douay West zone resource (underground or open-pit), spring-boarding to bulk-tonnage (open-pit, super-pit, and underground).

  • Large resource expansion potential; targeting 5 - 10M oz along with improved knowledge how anastomosing mineralized corridors of high-grade gold vein zones tie in with disseminated gold. Exploration and engineering initiatives are outlined in 3-phase plan.

  • New discovery potential; Douay Property covers 20 km strike length of the Casa Berardi South fault yet only ~5 km has been tested.

  • Experienced management & skilled technical leadership.

  • Located in stable, mining-friendly Quebec, with good infrastructure.

 

 

Valuation Commentary: Aurvista Gold Corporation (TSX-V: AVA) (US Listing: ARVSF) has one of the largest undeveloped gold projects in North America with ~3 million ounces Gold (in all categories) at its Douay Gold Project located along the Casa Berardi Fault, in the prolific Abitibi greenstone belt of northern Quebec. It's Douay Gold Project is comparable in potential to rival nearby Malartic (10.8M oz) gold deposit & Detour Gold (15.6M oz) deposit. AVA.V's management team is executing on a plan to target, generate, and develop 5 to 10 million ounces Gold -- advanced enough to pique the interest of large miners/players.

 

The (2012) resource estimate at the Douay Gold Project (0.3 g/t cut-off) is:

     • 238,433 oz gold Measured & Indicated (2,689,000 tonnes @ 2.76 g/T)

     • 2,754,554 oz gold Inferred (114,652,000 tonnes @ 0.75 g/T)

 

The intrinsic value of AVA.V relative to its current market capitalization (~$6 million) appears disproportionate and presents exceptional opportunity for investors establishing a long position; shares of AVA.V are poised for upside revaluation as the inherent value and accomplishments are appreciated by the market, and apt to respond in multiples as gold retrenches and strengthens.

 

To date the Douay Deposit has received 657 drill holes, totaling 186,000 m, over a ~5km corridor, including 12,801 m in 2012 by Aurvista after acquiring the property in 2011 and capitalizing the Company.

 

 

Figure 1. (above) Douay Project drill hole locations and inset of Douay West high-grade zones (vertical view)

 

Multiple high-grade zones: A big advantage that Aurvista's Douay Gold Deposit has compared to major low-grade high-tonnage area deposits, such as Malartic and Detour, is that Douay has multiple high-grade zones. AVA.V has identified 7 high-grade zones to date throughout the 5 km corridor, so far identifying ~300K ounces in the high-grade model. There is no history of mining on the Douay project, all high-grade remains intact.

 

Upcoming PEA to focus on mining Douay West zone: The most advanced section of its deposit is the Douay West zone hosting high-grade veins and shears, it contains anywhere from ~4 - 30 g/t of gold and the averages depending on the cut-off varies from say 4 to 8 g/t gold and currently appears to have ~150,000 ounces of gold hosted in potentially recoverable material -- a great starter for a scalable mining operation (open-pit, underground, or combined); the upcoming PEA, expected to be released in Q1-2015, will provide an assessment of the economics and offer orientation as to where to focus. There appears excellent potential for an initial ~600 TPD open-pit operation, transitioning to underground mining. The Company has surface camp infrastructure in-place. There is no on-site milling discussed yet, however AVA.V has the option of transporting its concentrate to several nearby mills.

 

Like other deposits across the Abitibi greenstone belt (an area which has seen over 200 million ounces of gold production history) Douay is a structurally hosted deposit. It has unique anastomosing mineralized corridors of high-grade vein type zones tied-together with disseminated gold. The high-grade zones tend, up to now, to boarder the porphyries, however the high-grade zones themselves are composed of high-grade sub-zones (e.g. four sub-zones on the Douay West section) that are likely tied together with material that carries. Definition drilling in the current phase of drilling will better reveal the links that will aid in mining it all effectively.

 

10M+ oz gold potential: Well on its way, Aurvista is aiming to discover and develop 5-10 million ounces gold; potentially 500,000 to 1,000,000 ounces in higher-grade ≥ 6 g/T, and 4,500,000 to 9,000,000 ounces in lower-grade ≤ 1.5 g/T. Currently the bulk of the Douay resource is with the disseminated low-grade model (0.3 - 2 g/t, but generally under 1 g/t) in the inferred category (2.75 million ounces gold Inferred (114,652,000 tonnes @ 0.75 g/t)). The main porphyry trend runs the distance of the 5km east-west corridor and appears to have the potential for a possible super-pit. Aurvista's CEO & President, Jean Lafleur M.Sc., P.Geo., was involved in the early exploration days with what is now Yamana and Agnico Eagle Mines' Canadian Malartic property (formerly owned by Osisko), prior to Osisko acquiring it (early shareholders and stakeholders in Osisko have seen >4,000% rate of return since 2004 (click here for a comparative history of Osisko)) -- Mr. Lafleur intimately understands the type of deposit being advanced at Douay and its comparable potential; in 2012 Mr. Lafleur took point for AVA.V on two drill campaigns across the 5km corridor of Douay and encountered substantial disseminated gold, drilling occasionally down to 150 m, no deeper than 400 m, with most above 300 m. There is a second porphyry that runs N-S that was successfully tested and can be followed up on later to add ounces in that direction. The Douay Property covers 20 km strike length of the Casa Berardi South fault yet only ~5 km has been adequate tested, in part. A combination of several models will be employed in maximizing the deposit going forward; Aurvista has identified at least 8 metallogenic styles for gold mineralization, each could potentially host multi-million ounces, 2 have been tested to date on a budget and that delivered 3 million ounces.

  

Shares outstanding: 69,511,617 (fully diluted: ~$85M, however all options and warrants are well out-of-the-money with majority expiring in early spring-2015), market cap: ~$6 million. The recent trading price near C$0.07 is symptomatic of the out-of-favor market climate for mining equities, it presents tremendous opportunity for investors looking for an insurance-position in precious metals as AVA.V has serious intrinsic value established (3 million ounces gold to date), and will be adding value as it executes on its plan to become the next major gold mine in Canada. Ownership-wise (as of November-2014) ~62% of AVA.V shares are well controlled; insiders, associates, and corporate entities that appear in for the end-prize; 30% Vior Inc., 12% Norvista, 7% Management/Directors, 7% CDPQ/SODEMEX, 6% Montreal Investment Group.

 

Aurvista maintains a strong cash balance, as of early November-2014 it had ~$2 million cash on hand (from its original 2011 capitalization and ~$800K from exploration tax credits). The company remained relatively quiet from 2012 (after releasing its updated resource estimate) until mid-2014 as it was evaluating a deteriorating market climate and the impact on majors its Douay Project is modeled after. AVA.V is now proceeding, taking advantage of large cost savings on services in an out-of-favor market for mining equities. AVA.V is capitalized to handle planned activities through to Spring-2015. Naturally it will be looking to replenishing that $2 million, it's advisable serious money think about getting involved with Aurvista sooner, rather than later.

 

Activities currently underway: 1) a complete PEA surrounding the viability of West zone open-pit and/or underground production targeting 150,000 oz gold, 2) engineering, environmental, geotechnical surveys, 2) model evaluation, and 3) drilling (~5,000 m to look at depth, potential, boarders of mineralization, and some definition drilling). At the Douay West zone high-grade gold comes right up to the overburden, which varies between 10 m to 45 m. There is quality material very close to surface. Right now Aurvista is doing some drilling to look at overburden characteristics in that area, and it is also doing some drilling to see if the ore near surface links up with the slightly deeper zones -- if they linkup it makes this a lot more feasible to mine in connection.

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

   

Overview of Aurvista's Douay Gold Project - Quebec

 

Location:

 

 

Figure 2. (above) Location map

 

Québec, is voted as a top mining jurisdiction in the Fraser Institute Global Mining Survey. Québec is one of the safest and highest rated mining jurisdictions in the world with established mining processes and regulations. Aurvista Gold Corporation receives Federal and Provincial tax incentives for exploration. The Québec government reimburses 32% of exploration costs.

 

Region

 

Figure 3. (above) Regional map

 

The Douay Property is located within the Abitibi greenstone belt which has a production history >200 million ounces gold, the second most prolific gold region in the world after South Africa's Wits Basin.

 
  • 160 KM N OF YAMANA’S-AGNICO EAGLE’S MALARTIC MINE (formerly Osisko, sold in Q2-2014 for ~$3.5B) (10 MOZ GOLD)
  • 80 KM ON TREND E OF AURIZON’S CASA BERARDI MINE (2.7 MOZ GOLD)
  • 120 KM SE OF DETOUR GOLD’S DETOUR LAKE DEPOSIT (15 MOZ GOLD)
 

Claims

254 Mineral exploration claims, 127.04 Km2
     • 221 CLAIMS ACQUIRED 100% FROM VIOR INC.
     • 32 CLAIMS ACQUIRED 75% FROM VIOR, 25% HELD BY SOQUEM (NW CLAIMS)

 

1% NSR Royalty to IAMGOLD, 1.5% NSR Royalty to Northern Abitibi (50% of which can be purchased for $1 million)

 

Figure 4. (above) Douay Property claims map

 

 

Infrastructure

 

 

Figure 5. (above) Satellite view

 

The Douay Property is easily accessible located along the highway linking Val d'Or to Matagami. There is a Hydro Quebec power line adjacent Douay. Important to note is there's no town to move.
 

The Douay Gold Project covers a 20 Km segment of the Casa Berardi south fault and splays

 

 

Figure 6. (above) Geophysical I.P. survey overlay of Douay Property

 

Aurvista has similar setting and strike as the Val D'or and Malartic gold camps.

 

DDH locations, in part:

 

Figure 7. (above) Drill hole locations on Douay Property

 

Current (2012) Resource Estimate:

 

Figure 8. (above) Table summary of current resource estimate on Douay Property

 

Focusing in on high-grade gold zones:

 

 

Figure 9. (above) Noteworthy high-grade zones of the Douay Project

 

Data from 2012 NI 43-101 Technical Report from Riverbend Geological Services (click here to access full resource estimate technical report PDF).

 

By initially brining Douay West to production Aurvista may generate cash flow for future exploration and development of the entire Douay Gold Project.

 

Douay West zone -- Vertical Section

 

 

Figure 10. (above) Douay West zone vertical section

 

Douay West -- Longitudinal Section

 

 

Figure 11. (above) Douay West longitudinal section

 

Douay gold project action plan details:

 

 

Figure 12. (above) Douay gold project action plan details

 

Once the above action plan is complete, Aurvista will be sufficiently advanced and should have a number of options open to it, including the involvement of a major for final development, and the retention of a net smelter royalty.

 

Staged programs-budgets-funding from 2014 to 2016:

 

 

Figure 13. (above) Douay project funding stages 2014 - 2016

* Includes geological modeling/evaluation, mineral resources modeling, mktg. & G&A.

+ Estimate of ~$3,150,000 to be received by AVA.V from a 35% mining tax refund on all hard dollars exploration work.

 

--- --- --- --- --- ---      --- --- --- --- --- ---      --- --- --- --- --- ---

 

Q3/Q4 2014 Action plan details - FUNDED:

(numbers below are estimates and activities mentioned are all-encompassing in nature (e.g. inclusive of related studies and exploration))

 
PEA ~$1,000,000
   - COMPLETE PEA -VIABILITY OF WEST ZONE O/P AND/OR U/G PRODUCTION
     TARGET: RECOVERABLE 150,000 OUNCES OF GOLD

 
MODEL EVALUATION ~$350,000
   - 85 YEARS OF GOLD EXPLORATION, MANAGEMENT, TARGET GENERATION
   - UPDATE COMPILATION, SYNTHESIS, INTERPRETATION, MRE’S
   - PRIORITIZE EXPLORATION TARGETS TO INCREASE CURRENT RESOURCES

 

MARKETING ~$100,000
   - UPDATE VALUATION –MARKET RESEARCH GROUP, GMI, NEWSLETTERS
   - MARKETING IN CANADA-US-EUROPE
   - RAISE FUNDS AT HIGHER STOCK PRICE FOR 2015 PROGRAM

 
GENERAL & ADMIN. ~$300,000

     (We note that it costs ~$50,000 per month to keep doors open burn-rate-wise)

 

--- --- --- --- --- ---      --- --- --- --- --- ---      --- --- --- --- --- ---

Click the following image to access PDF of detailed action plan budget break down for 2014 - 2016:

--- --- --- --- --- ---      --- --- --- --- --- ---      --- --- --- --- --- ---

 

Concurrent field program initially focused on the open-pit potential
  • O/V, BEDROCK, HYDROLOGICAL, GEOCHEM, GEOTECHNICAL STUDIES
  • O/P IN-FILL PROGRAM (PHASE 1)
  • U/G IN-FILL PROGRAM (PHASES 2, 3)
 

Move to Feasibility level study for open=pit or underground or both
  • PLAN U/G PROGRAM

  
Permitting work to be completed along side engineering studies
  • ENVIRONMENTAL BASELINE STUDY, PERIMETER SURVEY
  • FIRST NATION’S CONSULTATIONS

 

2014 Douay West Drilling -- Phase 1 Definition

 

 

Figure 14. (above) Douay West Phase 1 planned definition drilling locations

 

2014 Douay West Drilling -- Geotech O/V

 

 

Figure 15. (above) Douay West planned geotechnical drilling hole locations

 

2014 Douay West Drilling -- Phase 2 Definition

 

 

Figure 16. (above) Douay West Phase 2 planned definition drilling locations

  

2014 Douay West Drilling -- Phase 3 Definition

 

 

Figure 17. (above) Douay West Phase 3 planned definition drilling locations

 

2014 Environmental Baseline Survey - Biology

 

 

Figure 18. (above) Douay Property 2014 Environmental Baseline Survey - Biology

 

2014 Environmental Baseline Survey - Physical

 

 

Figure 19. (above) Douay Property 2014 Environmental Baseline Survey - Physical

 

2014 Environmental Baseline Survey - Hydrogeology, Geotechnical

 

 

Figure 20. (above) Douay Property 2014 Environmental Baseline Survey - Hydrogeology, Geotechnical

 

HISTORY OF THE DOUAY GOLD PROJECT

 

1976

   - ORIGINAL PROPERTY STAKE BY INCO -

   - DRILLED 4 DDH’S / 579 METRES -

   - DISCOVERED THE “MAIN ZONE” -

 

1977-1985

   - DRILLED 66 DDH’S / 11,109 METRES -

 

1986

   - VIOR OPTIONED PROPERTY -

 

1986-1989

   - COMPLETES SERIES OF GEOPHYSICAL SURVEYS -

   - DRILLED 104 DDH’S / 26,510 METRES -

 

1990

   - DRILLED 63 DDH’S / 16,356 METRES -

   - DISCOVERED “WEST ZONE” (44 DDH’S / 8,656 METRES) -

 

1991

   - DRILLED 34 DDH’S / 10,521 METRES -

   - HISTORIC MINERAL RESERVE ESTIMATES* FOR THE DOUAY WEST ZONE -

      PROBABLE RESERVES: 442,465 TONNES @ 9.6 G/T GOLD

      POSSIBLE RESERVES: 93,493 TONNES @ 8.1 G/T GOLD

 

1992

   - DRILLED 17 DDH’S / 7,980 METRES -

   - VIOROBTAINS 100% OWNERSHIP OF PROPERTY -

   - SOQUEM OPTIONS PART OF THE NORTHWEST TREND -

   - DRILLED 22 DDH’S / 6,416 METRES, DISCOVERED THE “10 ZONE” -

 

1993

   - DRILLED 60 DDH’S / 17,238 METRES -

   - DISCOVERED THE “531 ZONE” -

 

1994

   - DRILLED 27 DDH’S / 6,156 METRES -

   - SOQUEM RETURNS PROPERTY SEGMENT TO VIOR -

 

1995

   - CAMBIOR OPTIONS PROPERTY, DRILLED 31 DDH’S / 6,894 METRES -

   - EVALUATED POTENTIAL OF “WEST ZONE”: 357,000 TONNES @ 7.2 G/T GOLD* -

     ACCESSIBLE NEAR SURFACE USING RAMP

   - DROPS OPTION -

 

1996

   - AURIZON MINES OPTIONS PROPERTY, PLANNED TO SPEND $17 MILLION -

   - DRILLED 7 DDH’S / 2,520 METRES ON “WEST ZONE” -

   - CONSTRUCTED 4 KM GRAVEL ROAD FROM HIGHWAY 109 TO “WEST ZONE“ -

 

1997

   - CONSTRUCT HEAD FRAME, HOIST, ACCESSORY INFRASTRUCTURE, POWER LINE -

   - SHAFT COLLAREDTO A DEPTH OF 10 METRES -

 

1997-2000

   - AURIZON DRILLED 40 DDH’S / 13,147 METRES

   - AURIZON DROPS OPTIONS TO FOCUS ON CASA BERADI DEPOSIT SOME 80 KM TO THE WEST

 

2004
   - VIOR COMPILES-SYNTHESIZES FROM PROPERTY, DRILLED 1 DDH / 309 METRES -
 

2005
   - DRILLED 14 DDH’S / 3,384 METRES, BETWEEN “WEST” AND “ADAM ZONES” -
   - DISCOVERED THE “PORPHYRY ZONE”, DRILLED 2 DDH’S / 309 METRES -
   - GEOSTAT SYSTEMS INTERNATIONAL (NOW SGS CANADA) RESOURCES ESTIMATES -
   - COMPLETED FEASIBILITY STUDY FOR AN O/PIT ON “WEST ZONE” -
   - PROBABLEMINERAL RESERVES: 269,726 TONNES @ 4.74 G/T GOLD -
 

2006-2007
   - DRILLED “WEST ZONE” PLUS OTHER AREAS (83 DDH’S / 24,800 METRES) -
   - GEOSTAT/SGS UPDATES 2005 TECHNICAL REPORT FROM “WEST ZONE” -
      (AT A 3 G/T GOLD CUT-OFF)
      MEASURED: 236,000 TONNES @ 6.08 G/T GOLD
      INDICATED: 735,000 TONNES @ 5.46 G/T GOLD
      INFERRED: 1,594,000 TONNES @ 3.94 G/T GOLD
 

2009
   - RELOGGING/REINTERPRETATION OF DRILL CORE FROM “WEST ZONE”

 

2010

   - DRILLED 3 DDH’S / 1,820 METRES

   - GEOSTAT/SGS UPDATES MINERAL RESOURCES, COMPLETED PEA OF “WEST ZONE”

     (AT A 4 G/T CUT-OFF)

     MEASURED + INDICATED: 313,000 TONNES @ 7.75 G/T GOLD

     INFERRED: 267,000 TONNES @ 8.53 G/T GOLD

   - ESTIMATES GLOBAL MINERAL RESOURCES FROM THE LOWER GRADE “PORPHYRY ZONE” -

     MEASURED + INDICATED: 905,000 TONNES @ 1.7 G/T GOLD

     INFERRED: 42,644,000 TONNES @ 1.29 G/T GOLD

   - AURVISTA OPTIONS PROPERTY -

   - DRILLS 4 DDH’S / 2,097 METRES TO A -500 METRE VERTICAL DEPTH -

 

2011

   - NOVATEM COMPLETES HIGH RES AIRBORNE MAGNETIC SURVEY OVER ENTIRE PROPERTY -

     CONCLUDES DOUAY DEPOSITS/SHOWINGS KNOWN TO DATE OCCUPY MAGNETIC LOWS

   - ABITIBI GEOPHYSICS COMPLETES RESISTIVITY-IP SURVEY OVER MINERALIZED AREAS -

     RESULTS INCONCLUSIVE

   - DRILLS 44 DDH’S / 17,503 METRES TO TEST BULK GOLD TARGETS -

 

2012

   - DRILLS 38 DDH’S / 12,801 METRES FURTHER TESTING OF BULK GOLD POTENTIAL -

  

Figure 21. (above) highlights of AVA.V's 2012 drill results testing disseminated bulk tonnage gold potential

 

   - PHOTONIC KNOWLEDGE STUDY -

     BARITE/ANHYDRITE DOMAIN WITH GOLD

     VERSUS GOLD DEPLETED ORTHOCLASE/ALBITE DOMAIN

   - RIVERBEND GEOLOGICAL SERVICES COMPLETES GLOBAL RESOURCE ESTIMATES -

      (See above under '2012 Current Resource' section for details or click here to access full resource estimate technical report PDF)

 

Recent salient news releases from Aurvista Gold Corporation on activities at Douay Gold Property:

 

- October 16, 2014 "Aurvista Gold Corp. Commences Infill Drilling at Douay West Zone"

 

   Excerpt:

Aurvista Gold Corp. Commences Infill Drilling at Douay West Zone Montreal, Quebec

 

October 16, 2014: Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA) is pleased to announce that it has commenced the first phase of a three phase diamond drill program on the Douay West Zone (“Douay West”) at the Company’s Douay Gold Project, located in northern Quebec along the Abitibi Gold Belt.
 

The objective of the three phase drilling program is to get a more detailed interpretation of the mineralization in certain areas of Douay West. The first phase of the drill campaign will test the northwest and southeast extensions of the near surface mineralization in an attempt to further define a trend which could link to a second zone at shallow depth. The second and third phases of the drilling program will be infill focused in order to facilitate a conversion of mineralization at depth from the inferred to the indicated class. Phase 1 will comprise 1,500 metres of diamond drilling with the second and third phases comprising 3,900 metres for a total of 5,400 metres of additional drilling at Douay West. The second and third phases are anticipated to start sometime in 2015.

 

As part of the phase 1 drilling program the Company has elected to conduct geotechnical and hydrogeological investigations on both the overburden and rock units at Douay West. In addition to this work the Company has also initiated a geochemistry study. These studies are intended to help the Company better evaluate the merits of an open pit mining scenario against other alternatives. Additional study work for the further evaluation of a potential underground mining operation would likely be completed during phase 2 and 3 of the drill campaign.

 

The Company is also concurrently working towards completing a Preliminary Economic Assessment (“PEA”) for both an open pit and underground mining scenario at Douay West. The PEA is expected to be completed in Q1 of 2015. The results of the current drill program and its associated studies are not expected until sometime in Q1 2015 and therefore will not be a part of the PEA. Nevertheless, the results in combination with the PEA will help to form the basis of future project definition work that could lead to a pre-feasibility or feasibility level study at Douay West.

 

Chris Sharpe, VP Engineering, stated: “This drill campaign is a continuation of past investigations and represents another step forward to further understanding the mineralization and overall resource potential of the Douay West Zone. The results of this campaign will contribute to the overall detail of future studies and build on the PEA on which Aurvista is currently working. This campaign’s results will also be beneficial to prefeasibility and feasibility studies the company intends to complete in the future.

...click here for full copy from source

 
- October 7, 2014 "Aurvista Gold Corporation and Abitibiwinni First Nation Sign Letter of Collaboration"

 
- June 18, 2014 "AURVISTA GOLD PROVIDES CORPORATE UPDATE"
 

------ ------ ------      ------ ------ ------


Aurvista's Technical Leadership, Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Jean Lafleur, M.Sc., P.Geo., President, CEO and Director

Mr. Lafleur is a Professional Geologist with 30 years plus of experience in various capacities within the mineral exploration industry including company project and property evaluations and audits, project planning and execution, supervision and management, and resource estimations. He received his B. Sc. and M. Sc. degrees in Geology from the University of Ottawa, and has been active in mineral exploration, both in Canada and internationally (Africa, Mexico and Ecuador), with a wide range of industry-leading companies, such as Newmont, Falconbridge and Placer Dome. From 1998 to 2003, Mr. Lafleur worked with McWatters Mining Inc., a Quebec-based junior exploration and mining company, and was instrumental in the discovery of new ore reserves for the company's gold projects in the Val-d'Or and Malartic Mining camps, including developing the bulk gold exploration program at the Canadian Malartic Gold Property which eventually became Osisko's 10 million ounce Canadian-Malartic Deposit, which exhibits many similarities to the "porphyry" zone at Aurvista's Douay property.

 

Bryan Keeler,CA,CFO, Eng., CFO, Director

Bryan Keeler is a Chartered Accountant with over 30 years of operations and corporate office experience with Canadian Cellulose, Noranda Forest and Denison Mines. Bryan has participated with creative financial engineering work in the building of three successful royalty finance companies and most recently hands on building of VERCOR Canada small to middle market Investment Bank with over a Billion dollars in transactions closed and 19 offices worldwide. Since he first teamed up with Gerry McCarvill in 1993, he has acted as CFO in support of Gerry's various ventures, Repadre Capital Corporation, now IAMGOLD Corporation, Reserve Royalty and McCarvill Corporation.
 

Chris Sharpe, P.Eng., VP Engineering, VP Engineering

Previously held progressively senior engineering position with Aurico Gold, Wardrop Engineering, and Golder Associates.

 

G. Edmund King, Director

Mr. King has been chairman and CEO of MTHRTY Communications, a social media company, since May 2004. He served as Chairman and Chief Executive Officer of Wood Gundy Ltd. and CIBC Wood Gundy Ltd. from 1988 to 1995. He is a past chairman of the Investment Dealers Association of Canada. He served as chairman of Western International Communications (WIC) from Jun 1994 to January 1998. Mr King also served as Deputy Chairman of Rockwater Capital Corporation from January 2996 to March 31, 2003.

 

Gerald McCarvill, Director

Gerry McCarvill has extensive experience in the origination and execution of global mining and energy, private equity and finance transactions. His career includes more than 30 years in the financial sector holding senior positions with major investment firms including the executive committee of CIBC Wood Gundy. Most recently, Gerry was CEO of McCarvill Corporation, a diversified financial services company, which financed mining and energy companies. He helped establish Repadre Capital Corporation, a mining royalty company, now IAMGOLD (TSX), Desert Sun Mining, acquired by Yamana Gold (NYSE), Consolidated Thompson Iron Mines (TSX) and Metals Royalty Corporation. The combined market capitalizations of these companies is several billion dollars.

 

Robert Michell, Director and Chairman of the Audit Committee

Mr. Mitchell is an experienced corporate director and a member of the Institute of Corporate Directors and has been a member of three Audit Committees, two of which he currently chairs. Mr. Mitchell is a retired partner of Ernst and Young LLP., and has over forty years of financial experience. Mr. Mitchell is well versed in International Financial Reporting Standards and CEO/CFO certification of the effectiveness of disclosure controls and procedures. Mr. Mitchell is currently a Director, acting Chairman of the Board and Chairman of the Audit Committee of Orvana Minerals Corp. as well as Director and Chairman of the Audit Committee of Home Capital Group Inc. Mr. Mitchell brings a tremendous amount of experience to both the Board of Directors and the Audit Committee.

 

Claude St. Jacques, Director

Mr. St-Jacques is the founder and past president of Vior as well as being the founder of Mazarin and Virginia Gold Mines. Mr. St-Jacques graduated from Laval University (1982) in management and public relations and has been associated with the mining industry since 1982, namely as Managing Director of the Quebec Prospector's Association from 1982 to 1984. Mr. St-Jacques is also a director of Virginia Mines Inc.

 

Marc L'Heureux, Director

Mr. L'Heureux has more than 20 years of experience as a professional geologist in exploration for gold, nickel, base metals and diamond in North and Latin America. M. L'Heureux is currently the Vice-President, Exploration of Vior (2010 to present) and was the Vice-President of Everton Resources Inc. (2003 to 2010). He is also currently a director of Adventure Gold Inc., Mazorro Resources Inc., and Pan Caribbean Minerals Inc. Mr. L'Heureux holds a degree in geology and a Master Degree in Earth Sciences (Applied Geochemistry).

 

Note: This list is not intended to be a complete overview of Aurvista Gold Corporation or a complete listing of Aurvista's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Aurvista Gold Corporation's head office at: Ph (416).682.2674

 

Company's web site: www.aurvistagold.com   SEDAR Filings: URL

 

     

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