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Viva Gold Corp.
Summary
| Project: | Tonopah | |
|---|---|---|
| Deposit: | Tonopah | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2019: Viva Gold Corp. announces an Exploration/Drilling Update report for its Tonopah deposit at the Tonopah project. Drilling results incl. 16.8m @ 0.29g/t Au from 97.5m. VANCOUVER, BC – November 7, 2019 – Viva Gold Corp. (TSX-Venture: VAU; OTCBB: V | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Edward G. Bryant, James Hesketh (Internal) | |
| ABSTRACT: | VANCOUVER, BC – November 7, 2019 – Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Company” or “Viva”) is pleased to announce that it will initiate a Preliminary Economic Assessment (“PEA”) of its Tonopah gold project based on receipt of positive preliminary metallurgical column testwork and results from its fall 2019 drilling program. The Tonopah project is located on the prolific Walker Lane mineral trend in western Nevada, near the town of Tonopah. “Viva is pleased to advise that it intends to retain Gustavson Associates of Lakewood, Colorado to initiate a PEA of the Tonopah gold project. A strong gold price outlook, positive metallurgical test results, and completion of the recent exploration step-out drilling program is driving this decision. The Tonopah project includes a robust core of pit-constrained measured and indicated, plus inferred gold resource, sufficient in size to contemplate an open-pit heap leach recovery operation to produce up to 50,000 ounces of gold per year, which we believe will be supplemented with additional self-funded discovery of additional gold resources over time. The PEA will help Viva to put a solid valuation under its share price and will open potential strategic options for the Tonopah project,” states James Hesketh, President and CEO. | |
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