|October 18, 2012|
Augyva Mining Resources Files Financial Statements for the Six Months Ended August 31, 2012
|MONTREAL, QUEBEC, October 18, 2012-- Augyva Mining Resources Inc. ("Augyva") today announced that it has filed Condensed Interim Financial Statements, for the six-month period ended August 31, 2012. The statements together with the Interim Management Discussion and Analysis can be found on SEDAR at www.sedar.com, and on the company's website at www.augyva.com. |
About Augyva Mining Resources Inc.
Augyva is an exploration and development company holding five properties located in the James Bay and Abitibi regions of the Province of Quebec. Its major project is its interest in the DLIP located in the western part of the La Grande Greenstone Belt. The property is accessible by road and covers 25,602 hectares. A National Instrument 43-101 compliant technical report on the mineral resource was prepared by Met-Chem Canada Inc. and was released in March 2010. The DLIP is subject to a joint venture agreement between Augyva and Century which has earned a 51% interest. Century has advised Augyva that it completed an expenditure of $14 million to increase its interest in the DLIP to 65% in accordance with the option and joint venture agreement.
In addition to the DLIP, Augyva holds a 100% interest in four other mineral properties, namely: Yasinski and Kali in the James Bay region and Senneville and Malartic in the Abitibi region. At these mineral properties, the exploration focus is for other than iron ore.
For further information please contact:
Peter R. Jones, Interim CEO, 416-309-2197
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Augyva's disclosure documents on the SEDAR website at www.sedar.com. Augyva does not undertake to update any forward looking information except in accordance with applicable securities laws.
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