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Viva Gold Corp.
Summary
| Project: | Tonopah | |
|---|---|---|
| Deposit: | Tonopah | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2019: Viva Gold Corp. announces a Resource Estimation report for its Tonopah deposit at the Tonopah project. Updated mineral resource estimate at the project. VANCOUVER, BC – May 21, 2019 – Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Compa | |
| Resources: | (Resource, M+I): 8.8Mt @ 0.89g/t Au for 253Koz Au contained at the project | |
| CP/QP: | [Resources]: Thomas Matthews (Gustavson Associates) | |
| ABSTRACT: | VANCOUVER, BC – May 21, 2019 – Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Company” or “Viva”) is pleased to provide an updated mineral resource estimate for the Tonopah project, located near Tonopah, Nevada. The update resulted in a 36% percent increase in gold ounces contained in the measured and indicated resource categories, with a 17% increase in grade for the measured category. The new resource estimate includes 24 new reverse circulation and four diamond core drill holes completed in three programs in 2018 and early 2019. A large tonnage of Inferred mineralization was converted into measured and indicated material. The 2019 modelling work, combined with new information received in regards to historic drilling in the Midway Hills Area, located about 900 meters northwest and directly on trend from the Tonopah deposit, has helped to refine the geologic model at Tonopah. This work is pointing to extensive open potential along the principal northwest to southeast structural trend between the two locations. This trend had previously been considered to terminate before extending to the Midway Hills area. | |
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