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Viva Gold Provides Update on Tonopah Gold Project and Files NI43-101 Technical Report
VANCOUVER, British Columbia--(BUSINESS WIRE)--Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Company” or “Viva”) is pleased to provide an update on the
About this update from Viva Gold Corp
[{"type":"text","content":"VANCOUVER, British Columbia--(BUSINESS WIRE)--Viva Gold Corp. (TSX-Venture: VAU; OTCBB: VAUCF) (the “Company” or “Viva”) is pleased to provide an update on the Tonopah Gold Project and the filing on SEDAR (www.sedar.com) of an NI43-101 Technical Report and mineral resource estimate for the Tonopah project. The Tonopah project is located near Tonopah, Nevada on the prolific Walker Lane mineral trend. “The updated resource estimate for the Tonopah project highlights a strong core of high-quality gold mineralization in the main deposit and we strongly believe that the project has significant additional resource potential. The 2019 block model for the Tonopah project was extended over 1.0 kilometer along trend to incorporate historic drilling in the Midway Hills area. This extension developed new blocks of mineralized material containing approximately 25-30 thousand gold ounces, which is not currently included in the pit-constrained mineral resource estimate. Wide spaced historic drilling along this trend clearly indicates the potential to add to gold mineralization, which will be Viva’s exploration focus in 2019”, states James Hesketh, President & CEO. The mineral resource estimate for the Tonopah Project, first announced on May 21, 2019, follows: Pit-Constrained Mineral Resource Classification Tonnes (x1000) Gold Grade grams/tonnes Contained Ounces Measured 2,500 1.38 112,000 Indicated 6,300 0.69 141,000 Measured and Indicated 8,800 0.89 253,000 Inferred 6,000 0.54 123,000 Thomas C. Matthews, MMSA-QP, Principal Resource Geologist for Gustavson Associates of Lakewood, Colorado, is the Qualified Person responsible for review of technical information in this release and for the 2019 NI43-101 Technical Report and Mineral Resource Estimate for the Tonopah Gold Project. Resources are not reserves, and do not include modifying factors which need to be considered to determine whether they are economically viable. Gustavson recommends a drilling program for the Midway Hills area to further test the tertiary volcanic/argillite contact zone, with the objective of extending mineralization up-dip to the south to shallower elevations, and east along strike from the Midway Hills area of the project, to determine whether mineralization of significant grades connects to the mineralization in the main Tonopah resource area. Existing geophysical...