World News: 13:30 GMT Monday 11th February 2019. [Viva Gold Corp. via Globe Newswire via SPi World News]
VANCOUVER, British Columbia, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Viva Gold Corp. () (the “” or “Viva”) is pleased to announce assay results for an additional three drill-holes in its 2018-2019 winter reverse circulation (“RC”) drill program at its Tonopah Gold Project located near Tonopah, Nevada.
“Mineralization in TG 1902 commenced at 10 meters below surface and produced an impressive column of over 100 meters of mineralization. This drill-hole infills an area of the north Discovery structural zone that was previously carried in the resource model as low-grade inferred material. We anticipate that this result will add confidence and upgrade the near surface “starter pit” area of the project. TG 1901, TG 1820 and the previously announced TG 1819 were all drilled in a large gap of low-grade inferred mineralization and uncharacterized material between two pods of indicated resource east of the Dauntless zone. We believe that these results will help to infill and connect those two existing pods,” states James Hesketh, President & CEO.
A photo accompanying this announcement is available at
The Tonopah property contains a near-surface low-sulfidation epithermal gold system which includes near vertical structurally controlled quartz-adularia-gold veins and breccias in Tertiary volcanics within a low-angle zone of mineralization which includes and often parallels an erosion surface discontinuity at the top of the Palmetto argillite. Mineralization has been identified in a series of north-striking extensional structural zones within an overall mineralized trend along the regional north-northwest Walker Lane trend, covering an area over 2,000 meters long and 300 meters wide. Downhole lengths are believed to be representative of true thickness for the low-angle zones.
All technical information which is included in this statement has been reviewed and approved by Thomas C. Matthews of Gustavson Associates LLC. Mr. Matthews is independent of the Company and a qualified person, pursuant to the meaning of such terms in National Instrument 43-101 . The basis for the 0.25 g/t cutoff grade utilized for this release are based on technical analysis documented in the March 27, 2018 NI43-101 Technical Report on Mineral Resources, Tonopah Project, Nye County, Nevada.
Viva Gold is a gold exploration and development company with a focus on Nevada. Viva holds 100% of the Tonopah Gold Project, a large land position with demonstrated high-grade measured, indicated and inferred gold resources, located on the prolific Walker Lane Trend in Nevada, 30 kilometers south-east of the Round Mountain mine of Kinross Gold and 20 kilometers from the Town of Tonopah. Viva’s management team has extensive experience in mining exploration, development and production and are supported by a Board of Directors and advisors who are proven mine finders, deal makers and financiers. Viva trades on the TSX-V as “VAU”, on the OTCBB in the US as “VAUCF” and on the Frankfurt exchange under “7PB”. For additional information on Viva Gold and the Tonopah Gold Project, please visit our website:
For further information please contact:
James Hesketh, President & CEO
Valerie Kimball, Director Investor Relations
Globe Newswire: 13:30 GMT Monday 11th February 2019
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