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Viva Gold Corp.
Summary
| Project: | Tonopah | |
|---|---|---|
| Deposit: | Tonopah | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/30/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-4-2020: Viva Gold Corp. announces a Resource Estimation report for its Tonopah deposit at the Tonopah project. Updated Mineral Resource Estimate for Project. VANCOUVER, BC – April 29, 2020 – Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Compan | |
| Resources: | (Resources, M+I): 12.83Mt @ 0.79g/t Au (326koz Au) | |
| CP/QP: | [Resources]: Thomas Matthews (Gustavson Associates LLC) | |
| ABSTRACT: | VANCOUVER, BC – April 29, 2020 – Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Company” or “Viva”) is pleased to provide an updated mineral resource estimate for the Tonopah gold project (“Tonopah”), located near Tonopah, Nevada, on the prolific Walker Lane gold trend. This estimate was prepared as part of an initial Preliminary Economic Assessment (PEA) for the project, the economic results of which will be announced in the next several weeks. “The updated mineral resource estimate increased pit-constrained Measured and Indicated gold resource by 29% and Inferred resource by 47%. This increase was a result of additional drill-hole information provided from the 2019 drill programs, rigorous validation of the entire drill-hole database, and refinements to metallurgical and pit design parameters, as discussed below. The study was conducted using a $1,600 gold price pit shell, which contributed to the overall increase. The new resource expands the potential open pit in a northwesterly direction, where it remains open. We believe that these positive results can be improved with further exploration on the property, where substantial exploration potential exists along trend to both the northwest and southeast”, states James Hesketh, President & CEO. | |
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