An NI 43-101 Technical Report entitled "NI 43-101 Technical Report - Preliminary Economic Assessment of the Duncan Lake Iron Property, James Bay, Quebec, Canada," will be filed on SEDAR at www.sedar.com and on Century's website within 45 days of the date of this news release. The report will include a summary of the Preliminary Economic Analysis. The report is being prepared under the supervision of Daniel M. Gagnon, Eng. of Met-Chem, a Qualified Person as defined by NI 43-101 with contributions from Yves A. Buro, Eng., Schadrac Ibrango, P.Geo, PhD, Stephane Rivard, Eng., Charles Cauchon, Eng., Michel Bilodeau, Eng., Daniel Houde, Eng. Raymond, Gaudreault, Eng.
The PEA was prepared under the supervision of Daniel M. Gagnon, Eng. of Met-Chem. Mr. Gagnon is a Qualified Person as defined by NI 43-101 and Mr. Gagnon is independent of Century. Mr. Gagnon has reviewed and is responsible for the technical information contained in this news release. Mr. Gagnon has verified all the data disclosed in this news release.
The Duncan Lake Property
The Duncan Lake Property is an advanced exploration stage property comprised of approximately 534 mining claims covering approximately 25,602 hectares in the western part of the La Grande Greenstone Belt in the James Bay region of Quebec located approximately 130 kilometres from the East coast of James Bay. The Duncan Lake Property is the subject of a joint venture agreement between Augyva and Century. The Company has a 35% interest in the Duncan Lake Property. Century holds a 65% interest.
About Augyva Mining Resources Inc.
Augyva Mining Resources Inc. (TSX VENTURE: AUV) is an exploration and development company. Its major project is its interest in the Duncan Lake Iron Project in the western part of the La Grande Greenstone Belt in Quebec.
In addition to the Duncan Lake Iron Project, 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.
Met-Chem is an internationally renowned consulting engineering firm established in 1969 to provide all phases of geology, mining, mineral processing and engineering services throughout the world. From its headquarters in Montreal, Met-Chem offers the mining industry professional expertise that covers scoping, pre-feasibility and feasibility studies, basic and detailed engineering, procurement and construction management, training, start-up, commissioning and operations assistance.
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.
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.
Peter R. Jones
Chairman & Interim CEO
Augyva Mining Resources Inc.
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