Recommended reading is Mining Journal article on Aurvista Gold Corporation miningmarketwatch.net is URL
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.
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. |
