Mr. James Hesketh reports
VIVA GOLD STARTS DRILLING AT TONOPAH GOLD PROJECT, NEVADA
Viva Gold Corp. has commenced drilling at its Tonopah gold project.
Tonopah is located on the prolific Walker Lane mineral trend in western Nevada, about 20 minutes' drive from the town of Tonopah.
The focus of this program will be to conduct both step out and infill drilling to support mineral resource development by offsetting the relatively shallow high grade gold zones discovered in our 2022/23 drill programs. Some of the prior drillhole intercepts that require additional drill hole support for resource definition include the following:
TG2211
intercepted a zone of
57.9 meters ("m')
commencing at 40m depth averaging
5.0
grammes per tonnes gold
("gpt Au"),
including
11m at 24.0 g/t Au
TG2209
intercepted a zone of
86.9m at 1.3 g/t Au
starting at 87m depth, including
3.0m at 13.5 g/t Au, and 1.5m at 9.2 g/t Au
TG2219
intercepted
18.3m
at
4.1 g/t Au
starting at a depth of 73 m
TG2217
intercepted a zone averaging
5.0 g/t Au over 18.2 m, including 4.6 m at 14.7 g/t Au
starting at 76 m depth.
TG2310
intercepted four zones of gold mineralization starting at
72m with a cumulative total of
48m at 1.9 g/t Au,
including
23m at 3.5 gpt Au
TG2309
intercepted
46m
at
1.2 gpt Au
in three zones
starting at 58m.
TG2318
intercepted
55m
at
1.0 gpt Au
starting at
38m,
including
14m
at
1.6 gpt Au
and
4.6m at 4.2 gpt Au
These discoveries were typically related to splay fractures and lithology related controls. Other holes are designed to test undrilled gaps between known mineralized zones.
"We are excited to finally commence drilling at Tonopah after a series of weather-related delays. We expect to see initial assay returns from our drilling in approximately 4-5 weeks.
These assays will be used in completing a new resource estimate for the project as a precursor to moving the project into feasibility study
", states
James Hesketh, President & CEO.
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Qualified Person
James Hesketh, MMSA-QP, has approved the scientific and technical disclosure contained in this press release. Mr. Hesketh is not independent of the Company; he is an Officer and Director.
About Viva Gold
The Tonopah project sits in the middle of gold mining country and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown its resources since 2017 and has commenced a new, fully funded drill program to further define and grow the current resource base. The Company plans to update the resource model and initiate Pre-Feasibility Study in 2024, both of which are major catalysts and value creation events for shareholders.
Viva Gold is led by CEO Jim Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. Jim has surrounded himself with equally experienced mining professionals both on the management team and the board.
The Tonopah Gold Project has all the hallmarks of a successful mining development project as key infrastructure is in place and is supported by compelling economic studies.
We seek Safe Harbor.
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