[Marinir] {Disarmed} Calvista Gold Drills 30.4 Metres of 6.84 g/t Gold; Incl. 15.24 Metres of 9.27 g/t Gold

Thu Dec 15 14:23:30 CET 2011

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http://www.calvistagold.com/ 

CALVISTA GOLD INTERSECTS 30.4 METRES OF 6.84 G/T GOLD INCLUDING 15.24 
METRES OF 9.27 G/T GOLD 

Calvista Gold Corporation (TSX: CVZ 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=CVZ&region=C&lookup=symbol&snapshot=default 

) is pleased to announce additional drill hole assay results from its 
Phase I drill program. This press release discusses the assay results 
from drill holes Cal-24 to 30 (see Figure 1) and a table with all 
relevant assay results since inception (Cal-1 to Cal-30) is available at 
www.calvistagold.com. Drilling of the 10,000 metre, Phase 1, drilling 
program has been completed with a total of 9,836 metres drilled. A total 
of 24 holes were drilled in Phase 1, which compliments the 13 holes 
drilled in 2010, for a total of 14,692.4 metres in 37 drill holes. Assay 
results for the remaining 7 holes (Cal-31 to Cal-37) are expected during 
January 2012. 

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Included as part of the drill hole assay results reported below, Cal-26 
targeted high-grade shoots within the main broad north-east trending 
mineralized zone, which hosts Galway Resources Ltd.'s and AUX Canada 
Acquisition Inc.'s (formerly Ventana Gold Corp) gold mineralization, and 
returned an intersection of 1.53 metres of 110 grams per tonne ("g/t") 
gold, and Cal-27, which intercepted 30.48 metres at 6.87 g/t gold, 
including 15.25 metres at 9.27 g/t gold. 

Overall drill results from the 7 holes ranged from below detection to 
1.53 metres of 110.0 g/t gold, and included the select results in the 
following table: 

Cellejon Blanco (License 37-68): Selected Drill Intercepts (1.0 g/t 
Cut-off) 

Hole From To Int Au, g/TM Ag, ppm Cu, ppm 

Cal-24 73.15 74.67 1.52 7.4 30.00 415.40 

Incl 143.25 144.78 1.53 17.9 654.00 817.70 

Cal-27 38.10 68.58 30.48 6.83 38.0 917.4 

Incl 38.10 53.34 15.24 9.27 42.9 1,279.8 

Incl 50.29 51.81 1.52 57.09 63.0 336.8 

Incl 59.43 68.58 9.15 7.04 39.5 557.1 

Incl 62.48 64.00 1.52 32.84 62.0 425.4 

Jaramalla (License 100-68): Selected Drill Intercepts (1.0 g/t Cut-off) 

Hole From To Int Au, g/TM Ag, ppm Cu, ppm 

Cal-26 123.44 135.63 12.19 1.29 1.84 4,312.72 

178.30 179.83 1.53 110.00 29.00 618.10 

199.03 199.64 0.61 3.90 6.35 647.60 

Cal-28 109.72 111.25 1.53 4.36 7.25 4,606.60 

155.44 156.97 1.53 4.74 5.73 11,300.00 

181.35 195.07 13.72 1.99 12.6 1,590.65 

193.54 195.07 1.53 12.01 5.05 1,137.5 

231.64 233.17 1.53 8.88 13.00 3,451.2 

* True width to be determined in the future. 

** Cal-25, 29 & 30 were abandoned before reaching target depth due to 
bad ground conditions. 

Calvista will use the following month to review all data collected to 
date, build the geologic model of the mineralization and simultaneously 
resume drilling of the Second Phase, 15,000 metre drilling program. 

Quality Assurance 

Calvista has developed and implemented Quality Assurance/Quality Control 
protocols that meet current industry best practices. Calvista's protocol 
during the 2011 drill program includes the insertion of blanks and both 
core and reject duplicates as well as a limited number of certified 
standards into the sample stream. Samples with assay results greater 
than 10 g/t Au are re-assayed by metallic screen analysis. Samples were 
prepared at a preparation facility in Medellin, Colombia run by SGS 
Colombia S.A, ("SGS") before being shipped for analysis to the SGS 
certified assay laboratory in Lima, Peru. 

Technical Information 

The scientific and technical information in this news release has been 
reviewed, verified and compiled by Calvista's President & CEO, CPG 
Michael D. Johnson, P.Geo., a "qualified person" as defined by National 
Instrument 43-101. 

For further details on the California Project, please refer to the 
technical report of Calvista dated January 17, 2011 entitled "Technical 
Report on the California Project, Department of Santander, Colombia." 
prepared by Paul Chamois, M.Sc. (Applied), P.Geo., available on SEDAR at 
www.sedar.com. 

About Calvista 

Calvista is a mineral exploration company focused on the acquisition, 
exploration and development of properties for the mining of gold and 
other minerals. Calvista's California Project is comprised of eleven 
mining titles grouped into six non- contiguous blocks located in the 
California mining district, Department of Santander, in Colombia. 
Calvista is well funded and led by a management team with over 45 years 
of exploration and mining experience, principally in South and Central 
America. Calvista's head office is located in Toronto with its Colombian 
headquarters located in Bucaramanga. For further details on Calvista, 
its management team and its project, please refer to Calvista's web site 
( www.calvistagold.com 

http://www.calvistagold.com 

). Calvista's Canadian regulatory filings can be found on SEDAR at 
www.sedar.com 

http://www.sedar.com 

. 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Ruben Shiffman 

+1 416 504 3559 

rshiffman at calvistagold.com 

Neither the TSX nor its Regulation Services Provider (as that term is 
defined in the policies of the TSX) accepts responsibility for the 
adequacy of this release. No stock exchange, securities commission or 
other regulatory authority has approved or disapproved the information 
contained herein. 

CAUTIONARY STATEMENT: This news release contains forward-looking 
information which is not comprised of historical facts. Forward-looking 
information involves risks, uncertainties and other factors that could 
cause actual events, results, performance, prospects and opportunities 
to differ materially from those expressed or implied by such 
forward-looking information. Forward looking information in this news 
release includes, but is not limited to, Calvista's objectives, goals or 
future plans, statements regarding exploration results, potential 
mineralization, exploration plans and the timing of a potential resource 
estimate. Factors that could cause actual results to differ materially 
from such forward-looking information include, but are not limited to, 
uncertainties inherent to preparing a resource estimate within expected 
timeline, capital and operating costs varying significantly from 
estimates, the preliminary nature of metallurgical test results, delays 
in obtaining or failures to obtain required governmental, environmental 
or other project approvals, political risks, uncertainties relating to 
the availability and costs of financing needed in the future, changes in 
equity markets, inflation, changes in exchange rates, fluctuations in 
commodity prices, delays in the development of projects and the other 
risks involved in the mineral exploration and development industry, 
enhanced risks inherent to conducting business in a jurisdiction such as 
Colombia, and those risks set out in Calvista's public documents filed 
on SEDAR. Although Calvista believes that the assumptions and factors 
used in preparing the forward-looking information in this news release 
are reasonable, undue reliance should not be placed on such information, 
which only applies as of the date of this news release, and no assurance 
can be given that such events will occur in the disclosed time frames or 
at all. Calvista disclaims any intention or obligation to update or 
revise any forward-looking information, whether as a result of new 
information, future events or otherwise, other than as required by law. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

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