Business
Viva Gold Announces High-Grade Drill Results at its Tonopah Project Including 1.5 Meters at 138 grams/ton Gold
Company Commences Trading in the U.S. on the OTC Market VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Viva Gold Corp. (TSX-V:VAU) (OTCBB:VAUCF)
About this update from Viva Gold Corp
[{"type":"text","content":" Company Commences Trading in the U.S. on the OTC Market VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Viva Gold Corp. (TSX-V:VAU) (OTCBB:VAUCF) (the “Company” or “Viva”) is pleased to announce initial assay results from the recently completed 11hole Reverse Circulation (“RC”) drill program at its Tonopah Gold Project. In addition to trading on the TSX-Venture: VAU, Viva Gold Corp., common shares are also now traded under the symbol “VAUCF” on the OTC Link® ATS operated by OTC Link LLC, a subsidiary of OTC Markets Group Inc. For more information, please see www.otcmarkets.com/stock/VAUCF. Drill Result Highlights TG1808 - 1.5 meters at 138 grams per tonne (“g/t”) and 1.5 meters at 8.9 g/t within a zone of 9.1 meters containing an average uncapped grade of 25.4 g/t or a capped grade of 5.8 g/t using a 20 g/t ton grade cap. A second zone of 4.6 meters at 5.5 g/t was intercepted that included, 1.5 meters at 14.9 g/t. TG1808 terminated in a 0.6 g/t intercept indicating potential for further depth extent. Average grade for all intercepts over a length of 70.1 meters using a 0.25 g/t cutoff grade totaled 3.9 g/t uncapped or 1.4 g/t capped. TG1807 – 9.1 meters @ 4.5 g/t within a zone grading 2.0 g/t over 39.6 meters. Hole was terminated in a 0.4 g/t intercept. Average grade for all intercepts over 83.8 meters of 1.0 g/t using a 0.25 g/t cutoff grade. TG 1808 was drilled in the south end of the Dauntless zone and produced grades and intercepts that significantly exceed modelled expectations for this location. The hole was extended 20 meters below target depth with good results ending in strong mineralization further demonstrating potential for additional mineralization at depth. TG 1807 was drilled at the intersection of the Discovery and Dauntless zones and confirmed modelled results for this area. TG 1806 was designed to target the southern extension of the Discovery fault. This hole did not achieve target depth due to drilling difficulties, but the hole was completed in strong grade also indicating the potential for additional mineralization at depth. TG 1805 was targeted to intercept the southern extension to the Discovery zone, but intercepted limited mineralization above cutoff grade. “These initial results provide solid confirmation of the high grade nature of the...