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Viva Gold Announces Drill Results at Tonopah Project Including 100.6 meters at 1.33 grams per tonne

 

 

 

 

 

Viva Gold Corp. (TSX-V: VAU) (OTCBB: VAUCF) is pleased to announce assay results for an additional three drill-holes in its 2018-2019 winter reverse circulation drill program at its Tonopah Gold Project located near Tonopah, Nevada.

 

Drill Result Highlights

 

TG 1902:  100.6 meters from 10.7 meters to 111.3 meters depth at 1.33 grams per tonne (“g/t”) including 6.1 meters from 41.1 to 47.2 meters at 3.29 g/t, 3 meters from 61 to 64 meters at 4.82 g/t, and 7.6 meters from 83.8 to 91.4 meters depth at 4.13 g/t. TG 1902 was drilled to infill a gap in the north Discovery zone.   

 

TG 1901: 15.2 meters from 38.1 to 53.3 meters depth at 0.39 g/t. TG1901 was drilled to fill a gap east of the 63-77 structural zone. This infill hole was terminated at 65.5 meters depth, short of its planned depth of 120 meters, due to poor drilling conditions. As a result, its planned target was not intercepted.

 

TG 1820: 6.1 meters from 31.1 to 41.1 meters depth at 0.35 g/t. TG 1820 was also drilled to fill a gap east of the 63-77 structural zone.             
  

Viva has now completed 11 drill-holes in its current RC drill program. Samples for the remaining three holes have been submitted for assaying, and TG1903 is delayed for additional metallic screen assay.  

 

“Mineralization in TG 1902 commenced at 10 meters below surface and produced an impressive column of over 100 meters of mineralization. This drill-hole infills an area of the north Discovery structural zone that was previously carried in the resource model as low-grade inferred material. We anticipate that this result will add confidence and upgrade the near surface “starter pit” area of the project. TG 1901, TG 1820 and the previously announced TG 1819 were all drilled in a large gap of low-grade inferred mineralization and uncharacterized material between two pods of indicated resource east of the Dauntless zone. We believe that these results will help to infill and connect those two existing pods,” states James Hesketh, President & CEO.

 

 

Drill Results for 2018-2019 Winter RC Drill Program

 

             
Hole Azimuth Dip From To Length Gold Grade
      Meter Meter Meter Gram/Tonne
             
TG1902 0 -70 0 146.3    
      10.7 111.3 100.6 1.33
  including   41.1 47.2 6.1 3.29
  including   61.0 64.0 3.0 4.82
  including   83.8 91.4 7.6 4.13
             
TG1901 50 -70 0 65.5    
      38.1 53.3 15.2 0.39
             
TG1820 200 -60 0 119    
      35.1 41.1 6.1 0.35
             
TG 1816 to TG1819 Reported January 29,2019      
TG 1819 200 -69 0 201    
      53.3 57.9 4.6 0.36
      62.5 65.5 3.0 1.94
      89.9 100.6 10.7 0.61
             
TG1818 100 -65 0 110    
      21.3 33.5 12.2 0.86
      71.6 74.7 3.0 46.06
  including   73.2 74.7 1.5 84.90
             
TG1817 58 -80 0 122    
      112.8 118.9 6.1 0.96
      143.3 189.0 45.7 2.21
  Including   163.1 176.8 13.7 5.14
  Including   172.21 173.74 1.5 13.35
             
TG1816 105 -60 0 164    
      88.4 96.0 7.6 0.28
      108.2 112.8 4.6 6.05
  Including   108.2 109.7 1.5 16.40
             
         
 

0.25 gram/tonne cutoff grade used throughout

     

 

A photo accompanying this announcement is available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/e9d5833e-e5b9-4962-81fe-54b410634394

 

The Tonopah property contains a near-surface low-sulfidation epithermal gold system which includes near vertical structurally controlled quartz-adularia-gold veins and breccias in Tertiary volcanics within a low-angle zone of mineralization which includes and often parallels an erosion surface discontinuity at the top of the Palmetto argillite. Mineralization has been identified in a series of north-striking extensional structural zones within an overall mineralized trend along the regional north-northwest Walker Lane trend, covering an area over 2,000 meters long and 300 meters wide. Downhole lengths are believed to be representative of true thickness for the low-angle zones.

 

All technical information which is included in this statement has been reviewed and approved by Thomas C. Matthews of Gustavson Associates LLC. Mr. Matthews is independent of the Company and a qualified person, pursuant to the meaning of such terms in National Instrument 43-101 Standards of Disclosure for Mineral Projects. The basis for the 0.25 g/t cutoff grade utilized for this release are based on technical analysis documented in the March 27, 2018 NI43-101 Technical Report on Mineral Resources, Tonopah Project, Nye County, Nevada. 

 

Viva Gold is a gold exploration and development company with a focus on Nevada.  Viva holds 100% of the Tonopah Gold Project, a large land position with demonstrated high-grade measured, indicated and inferred gold resources, located on the prolific Walker Lane Trend in Nevada, 30 kilometers south-east of the Round Mountain mine of Kinross Gold and 20 kilometers from the Town of Tonopah. Viva’s management team has extensive experience in mining exploration, development and production and are supported by a Board of Directors and advisors who are proven mine finders, deal makers and financiers.

 

Posted February 11, 2019

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