[Marinir] {Disarmed} Calvista Drills 17.15 g/t Gold Over 4 Metres; 11.34 g/t Gold Over 7 Metres
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Wed Jul 25 18:26:27 CEST 2012
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http://www.calvistagold.com/
CALVISTA INTERSECTS 17.15 g/t GOLD OVER 4.00 METRES AND 11.34 g/t GOLD
OVER 7.00 METRES AT ITS BUENAVISTA PROSPECT
Calvista Gold Corporation (TSX: CVZ
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=CVZ®ion=C&lookup=symbol&snapshot=default
) is pleased to announce that recent drilling at its Buenavista
prospect, along strike from AUX Canada Acquisition Inc. Aserradero
mineralized zones, has returned high grade gold intersections.
Highlights from the recent Phase II drilling program at the Buenavista
prospect include:
DDH-44 3.00 metres @ 7.80 g/t gold, and 5.00 metres @ 3.87 g/t gold
DDH-45 5.15 metres @ 2.56 g/t gold
DDH-47 4.00 metres @ 5.34 g/t gold, and 7.00 metres @ 11.34 g/t gold
DDH-48 4.00 metres @ 17.15 g/t gold, and 4.00 metres @ 4.20 g/t gold
The Company's Chief Executive Officer, Mr. Mark Haywood, stated that
"the number of high grade gold intersections returned from the 2,500
metre drilling program at the Buenavista prospect are very encouraging.
Based upon the Phase II drilling program results, the Company expects to
publish an updated NI 43-101 mineral resource by end of this quarter."
http://www.infostockbiz.com/images/CVZ_map_20120725.jpg
The Phase II program at the Buenavista prospect targeted mineralized
zones identified in our Phase I drilling program, plus along strike
extensions from the Aseradero mineralized zones (being developed by AUX
Canada Acquisition Inc.).
The number of high grade intersections observed by Calvista suggests a
porphyritic environment with disseminated gold-silver mineralization and
associated copper.
Selected drill hole results from our Buenavista prospect, using a
cut-off grade of 1.0 g/t of gold, are provided in Figure 1. Selected
results from the entire Phase II drill program are also provided in the
Appendices.
A 10,000 metre phase III diamond drilling program is currently being
prepared, and is expected to commence in the last quarter of this year.
Quality Assurance
Calvista has developed and implemented Quality Assurance/Quality Control
protocols that exceeds current industry best practices. Calvista's
exploration protocol includes the insertion of blanks, duplicates,
standards and external controls on all their samples. Samples with assay
results greater than 10 g/t Au are re-assayed by metallic screen
analysis. Sample preparation is conducted by the ALS Group ("ALS") in
Bucaramanga, Colombia before being analyzed at the ALS certified assay
laboratory in Lima, Peru.
Technical Information
Mr. Ricardo Valls, P. Geo., Calvista's VP Exploration, is the Company's
designated Qualified Person for this press release within the meaning of
National Instrument 43-101 Standards of Disclosure for Mineral Projects
and has reviewed and validated that the technical information contained
in the release is accurate.
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. All the Company's prospects in the California Valley are
located below 3,200 metres and are not affected by the Paramo ecosystem
law. With a head office in Toronto and Colombian headquarters in
Bucaramanga, Calvista is led by a management team with over 50 years of
exploration and mining experience, principally in South and Central
America. For further details on the Company, please refer to Calvista's
website ( www.calvistagold.com
http://www.calvistagold.com
) and Calvista's Canadian regulatory filings on SEDAR at www.sedar.com
http://www.sedar.com
.
For further information please contact:
Ruben Shiffman Executive Chairman
Mark Haywood President & CEO
Donald Christie CFO and Corporate Secretary
Gary Anstey Investor Relations/Business Development
Corporate office Suite 1500, 4 King West, Toronto, Ontario, Canada M5H
1B6
Telephone +1 416 504 4199
Email info at calvistagold.com
Web www.calvistagold.com
http://www.calvistagold.com
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, 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:
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