The Prospector News

Viva Gold Announces Final Assays from Drill Program at Tonopah Project Including 29 Meters at 1.3 grams/ton Gold

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

Viva Gold Corp. (TSX-V:VAU) (OTCBB: VAUCF) is pleased to announce final assay results from its recently completed 11 hole Reverse Circulation drill program at its Tonopah Gold Project, located near Tonopah, Nevada.

 

 

Drill Result Highlights

 

TG 1814: 29 meters averaging 1.32 g/t including 1.5 meters at 4.76 g/t and 4.5 meters averaging 4.05 g/t

TG 1813: 10.7 meters averaging 0.45 g/t

TG 1811: 6.1 meters averaging 0.49 g/t and 15.2 meters averaging 0.41 g/t

TG 1809: 10.7 meters averaging 2.57 grams per tonne (“g/t”) gold including 1.5 meters at 12.9 g/t

 

 

TG 1814 was an infill hole drilled between the Dauntless and 63-77 zones.  TG1813 was drilled as an infill hole between the Potluck and NERP zones in eastern end of the known mineralized trend. TG 1811 was drilled as an infill hole in a poorly drilled area in the north end of the Potluck zone. TG 1809 was drilled at the north end of the Dauntless zone as an infill hole between the Dauntless and Discovery zones. Hole locations are shown in Figure 1 below.
  

 

“We are extremely pleased with the overall results from this 11-hole program. The program confirmed the overall high-grade nature of the Tonopah gold system and the continuity of open zones of contact related mineralization located between the identified structurally controlled zones in the trend. The system remains open for extension in all dimensions including to depth, along trend and laterally. This program has added to mineralization through strong intercepts over good lengths in both step-out and infill drill holes with a number of the holes terminating in good grade. The results exceeded expectations,” states James Hesketh, President & CEO.

 

 

As announced on April 26th, 2018, Viva Gold plans to drill 28 holes in its currently approved program, with the remaining 17 holes in the program to be drilled later this year. This new drilling will focus primarily on proving extensions to known high-angle structures and to conduct additional in-fill and step-out drilling on low-angle contact related mineralization between structures.

 

 

Tonopah Project

 

Drill Results for 2018 RC Drill Program

 

    Depth   Uncapped Capped*
Hole   From To Length Gold Grade Gold Grade
    Meter Meter Meter Gram/Tonne Gram/Tonne
             
TG 1814   32 61 29 1.32 1.32
             
  including 47.2 48.8 1.5 4.76 4.76
  Including 53.3 57.9 4.6 4.05 4.05
             
TG 1813   129.5 140.2 10.7 0.45 0.45
             
TG 1811   77.7 83.8 6.1 0.49 0.49
             
and   103.6 118.9 15.2 0.41 0.41
             
TG 1809   51.8 56.4 4.6 0.28 0.28
             
and   68.6 76.2 7.6 0.87 0.87
             
and   86.9 97.5 10.7 2.57 2.57
  Including 89.9 91.4 1.5 12.90 12.90
             
Drillholes previously announced on July 23, 2018
TG 1815   68.6 82.3 13.7 1.64 1.64
  including 77.7 79.2 1.52 8.79 8.79
             
TG 1812   89.9 100.6 10.7 3.07 3.07
  including 89.9 91.4 1.5 19.2 19.20
             
and   112.8 120.4 7.6 0.37 0.37
             
TG 1810   91.4 106.7 15.3 1.21 1.21
  including 96 97.5 1.5 5.68 5.68
             
and   121.9 125 3.1 0.35 0.35
and   129.5 132.6 3.1 0.57 0.57
             
Drillholes previously announced on July 9, 2018
TG 1808   54.9 57.9 3.0 0.5 0.5
             
and   64.0 73.2 9.1 25.4 5.8
  including 65.5 67.1 1.5 138.0 20.0
  including 70.1 71.6 1.5 8.9 8.9
             
and   83.8 89.9 6.1 0.4 0.4
             
and   97.5 102.1 4.6 5.5 5.5
  Including 99.1 100.6 1.5 14.9 14.9
             
and   108.2 120.4 12.2 1.2 1.2
and            
and TD 123.4 125.0 1.5 0.6 0.6
             
All zones   54.9 125.0 70.1 3.9 1.4
             
TG 1807   10.7 19.8 9.1 0.3 0.3
and   35.1 74.7 39.6 2.0 2.0
  Including 59.4 68.6 9.1 4.5 4.5
and   80.8 83.8 3.0 0.4 0.4
and TD 93.0 94.5 1.5 0.4 0.4
             
All zones   10.7 94.5 83.8 1.0 1.0
             
TG 1806   21.3 29.0 7.6 0.3 0.3
and TD 71.6 74.7 3.0 0.7 0.7
             
TG 1805   38.1 39.6 1.5 0.5 0.5
             
 

* Capped at 20 grams/tonne

       
 

0.25 gram/tonne used throughout

     

 

A photo accompanying this announcement is available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/91ba9005-bdc5-485c-b78d-5510cd0f7e04

 

 

The Tonopah property contains a near-surface low-sulfidation epithermal gold system which includes near vertical quartz-adularia-gold veins hosted by the Palmetto Formation argillite and the overlying Tertiary rhyolitic volcanics within a low-angle zone of mineralization which includes and often parallels an erosion surface discontinuity at the top of the Palmetto. Mineralization has been identified in a series of north-striking extensional structural zones within an overall mineralized trend along the north-northwest Walker Lane trend, covering an area over 2,000 meters long and 300 meters wide. The interaction between high angle and low angle mineralization geometries is difficult to decode for individual drillholes.  However, the holes drilled in this program were targeted to crosscut the low-angle mineralized zones while remaining as perpendicular as possible to high-angle extensional zones. 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.

Posted August 1, 2018

Share this news article

MORE or "UNCATEGORIZED"


Kirkland Lake Gold Reports Solid Production in First Quarter 2021

Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) announced pr... READ MORE

April 9, 2021

Ascot Resources Ltd. Announces Closing of C$61,000,000 Bought Deal Financing

Ascot Resources Ltd. (TSX: AOT) (OTCQX: AOTVF) is pleased to ann... READ MORE

April 9, 2021

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement with Turq... READ MORE

April 9, 2021

Frontier Lithium Announces Acquisition of the 2.5% Net Smelter Royalty on the PAK Lithium Project

Frontier Lithium Inc. (TSX-V: FL) (OTCQX: LITOF) (FSE: HL2) annou... READ MORE

April 9, 2021

Uranium Energy Corp Completes Financing and Reports Over $110 Million in Cash, Equity and Inventory Holdings as of April 9, 2021

Uranium Energy Corp (NYSE: UEC) is pleased to announce the closin... READ MORE

April 9, 2021

Copyright 2021 The Prospector News