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Viva Gold Initiates Technical Studies in Preparation for Feasibility Study at Its Tonopah Gold Project in Nevada; Provides Drilling Update
VANCOUVER, BC / ACCESSWIRE / August 20, 2020 / Viva Gold Corp. ( TSXV:VAU)(OTCQB:VAUCF )...
About this update from Viva Gold Corp
[{"type":"text","content":"Viva Gold Initiates Technical Studies in Preparation for Feasibility Study at Its Tonopah Gold Project in Nevada; Provides Drilling UpdateVANCOUVER, BC / ACCESSWIRE / August 20, 2020 / Viva Gold Corp. (TSXV:VAU)(OTCQB:VAUCF) (the \"Company\" or \"Viva\") is pleased to advise that it has retained a number of industry leading consultants to initiate technical studies at its Tonopah gold project (\"Tonopah\") in Nevada, in the areas of groundwater hydrology, geotechnical slope study, metallurgical testwork and to update existing archeological studies with the intent to advance toward a carefully prepared feasibility study and to build on the foundation of the robust PEA economics announced May 12, 2020 .\"These technical studies are expected to further de-risk and generate data that will be used as the basis for future permitting and feasibility studies for the potential open pit mine, heap leach gold recovery operation at Tonopah. This work will provide greater insight into gold recovery and mine design and assist management in determining the most effective ways to improve upon a strong PEA, it is our intention to unlock the full value of the project for our shareholders,\" remarked James Hesketh, President & CEO. \"In addition, Viva is currently drilling hole number seven of its 14-hole reverse circulation drill program at Tonopah, previously announced on July 2nd, 2020. Assay results will be released as they become available and we expect to report on initial results soon. We anticipate mobilizing a core drilling rig to the site in early September for a five-hole program to capture core samples for geologic review, assay, metallurgical, geotechnical and environmental testwork,\" he added.The groundwater hydrology study is initially focused on analyzing the extensive database of information generated by prior operators on the site, including Kennecott, Newmont, and Midway Gold, as well as a large volume of publicly available data. This analysis will be used to determine if any additional study, monitoring, or testwork is required. Geotechnical studies will commence with analysis of existing data that includes over 20 oriented core holes completed by Newmont and Midway, prior structural and geotechnical studies and available geologic and hydrologic data. This study will provide initial slope angle recommendations for open pit...