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Viva Gold Initiates NI43-101 Resource Update and PEA at Tonopah Gold Project, Nevada
(TheNewswire) V ancouver , BC - TheNewswire - May 18, 2023 - Viva G...
About this update from Viva Gold Corp
[{"type":"text","content":"Viva Gold Initiates NI43-101 Resource Update and PEA at Tonopah Gold Project, Nevada\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n V\n \n \n ancouver\n \n \n , BC -\n \n \n TheNewswire -\n \n \n May 18, 2023\n \n \n -\n \n \n Viva Gold\nCorp\n \n \n (TSX-V:VAU\n \n \n )\n \n \n (\n \n \n OTC:VAUCF)\n \n \n (the “\n \n \n Company\n \n \n ” or “\n \n \n Viva\n \n \n ”)\n \n \n is pleased to announce that it has retained WSP Canada Inc.\n(“\n \n \n WSP\n \n \n ”) of Calgary, Alberta in association with Kappes Cassiday\nAssociates (“\n \n \n KCA\n \n \n \") of Reno, Nevada to initiate an updated NI43-101\nresource estimate and Preliminary Economic Assessment (“\n \n \n PEA\n \n \n ”) for its\n \n \n Tonopah Gold Project (“\n \n \n Tonopah\n \n \n ”), located\nnear Tonopah, Nevada. WSP will be the primary author with\nresponsibility for resource estimation and mining, while KCA will be\nresponsible for metallurgy, process and infrastructure.\n \n \n \n \n This study will be an update and expansion of the 2022\nTonopah PEA\n \n \n (1)\n \n \n .  Additional work completed on the project\nsince the 2022 PEA includes:\n \n \n \n \n \n \n 22 drillholes completed in 2022 including 6 HQ core\nholes totaling 1,301 meters and 16 reverse circulation (\n \n \n RC\n \n \n ”) holes totaling\n2,499 meters;\n \n \n \n \n \n \n Up to 21 drillholes from the 2023 RC drilling program\ncurrently underway. Hole number 11 of the 2023 program was recently\ncompleted and it is anticipated that drilling will be completed in\nlate May/early June;\n \n \n \n \n \n \n Gold recovery using the pulp agglomeration process with\nheap leach to enhance gold recovery in the high-grade population of\ngold mineralization (approximately 50% of contained gold resource\ncalculated using a 1.0 gram per tonne gold cutoff grade) will be\nstudied as a result of positive results from metallurgical testwork;\n \n \n \n \n \n \n All silver assays available from assay certificates\nhave been added to the drillhole database;\n \n \n \n \n \n \n An audit and review of assay certificates versus data\nin the Tonopah drillhole database has recently been completed\nresulting in the addition of over 11,000 missing assays not previo...