Sunvest Minerals Acquires McKinnon-Hawkins Gold Project

Vancouver, British Columbia (FSCwire) – Sunvest Minerals Corp. (TSX-V: SSS) (“Sunvest Minerals” or the “Company”) is pleased to announce that it has acquired an option to earn a 100% interest in the McKinnon-Hawkins Gold Project located in the Hawkins and Walls Townships, Sault Ste. Marie & Porcupine Mining Divisions, Ontario from Pavey Ark Minerals Inc. (“Pavey Ark”), a private Ontario company.  The project covers three claim blocks comprising 364 units or 5,824 hectares (58.24 sq km) covering over 30 kilometers of favourable geology prospective to host gold mineralization.
P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario completed a Technical Report and Resource Estimate, dated May 31, 2016, and titled “Technical Report and Initial Resource Estimate on the McKinnon Gold Project, Hawkins and Walls Townships, Sault Ste. Marie and Porcupine Mining Divisions, Ontario”. This report was prepared by Eugene Puritch, P.Eng., President of P&E, an independent “Qualified Person”, for the purposes of NI 43-101.  P&E has estimated that the Property has Inferred Resources of 4,957,000 tonnes at 1.50 g/t Au (239,100 ounces of contained gold) at a cut-off grade of 0.5 g/t Au.  The NI 43-101 report can be viewed at www.paveyarkminerals.com.
“We believe the current markets are in the beginning of a positive gold cycle, and to now be able to acquire a “resource stage” project such as McKinnon-Hawkins that was previously owned by Don McKinnon Sr. of Hemlo fame, certainly bodes well for all our shareholders.” commented Mike England, CEO of Sunvest. “To have Don McKinnon Jr. on the team, who worked with his father on this property as a young prospector, contributes to the legacy of this project for Sunvest.”