MONTREAL, Oct. 7, 2014 (GLOBE NEWSWIRE) -- Aurvista Gold Corporation. ("Aurvista" or the "Company") (TSX-V:AVA) is pleased to announce that a letter of collaboration ("LOC") has been signed with the Abitibiwinni First Nation ("AFC") in regards to the Douay gold project located in Quebec.
The LOC will lay the ground work for future, more detailed discussions to take place between Aurvista and the AFC. This letter of collaboration represents both parties intent to develop together a collaborative relationship moving forward with the development of the Douay project. The completion of the LOC also represents a major step forward in regards to the permitting process of Douay West.
"The LOC recently completed demonstrates the willingness of both parties coming together to understand each other's goals and to build a positive relationship throughout the development of the Douay Project. Aurvista looks forward to future discussions with the Abitibiwinni First Nations," stated Bryan Keeler, CFO.
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 221 wholly owned claims totaling approximately 11,430 hectares. The Douay Project's North West Zone has 32 designated claims for a total of 1,193 hectares and is in a Joint Venture agreement with SOQUEM. The Douay Project is 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. Details of the Douay Gold Project can be viewed on the Company's website at www.aurvistagold.com
Forward-Looking Statements
This news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.aurvistagold.com.
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