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Viva Gold Corp.
Summary
| Project: | Tonopah | |
|---|---|---|
| Deposit: | Tonopah | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-12-2019: Viva Gold Corp. announces a Resource Estimation report for its Tonopah deposit at the Tonopah project. Amended report - updated mineral resource estimate at the project. The Tonopah property encompasses 8,762 acres in the Ralston Valley, on th | |
| Resources: | (Resource, M+I): 8.9Mt @ 0.89g/t Au for 253Koz Au contained at the project | |
| CP/QP: | [Resources]: Thomas Matthews (Gustavson Associates LLC) | |
| ABSTRACT: | The Tonopah property encompasses 8,762 acres in the Ralston Valley, on the northeast side of the San Antonio Mountains in central Nevada, located approximately 20 miles northeast of the town of Tonopah in Nye County (Figure 4-1). The Project consists of 444 unpatented lode claims covering an area of 8,762 acres. All unpatented claims are 100% controlled by Viva Gold Corporation (Viva); copies of the individual claim notices and location maps are on file with the central BLM office in Reno, Nevada, and with the Nye County Recorder’s office in Tonopah, Nevada. The list of claims is included as Appendix C – List of Claims. A 2% Net Smelter Return Royalty exists on 185 of the unpatented lode mining claims. The surface rights of the unpatented claims located in all claim Sections other than Section 32 are managed by the BLM. Those surface rights located in Section 32 are on lands under private ownership through the Stock Raising Homestead Act (SRHA) of 1916. Surface geology at the Tonopah Property is dominated by valley fill deposits including alluvium, colluvium, sand dunes and playa deposits. With the exception of a single outcrop, the gold-bearing altered and mineralized zones of the Tonopah deposit are masked by these Quaternary deposits. Drilling indicates that the surface sediments are underlain by several rhyolitic to mafic Tertiary volcanics units, which nonconformably overlie Ordovician argillites of the Palmetto formation. | |
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