[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&region=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: 
www.infostockbiz.com 

http://www.infostockbiz.com 

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