Viva Gold Intersects 58 Meters at 5.0 g/t Gold, Including 11 Meters at 24.0 g/t Gold at Its Tonopah Gold Project, Nevada
VANCOUVER, BC / ACCESSWIRE / November 28, 2022 / Viva Gold Corp. (TSXV:VAU); (OTCQB:VAUCF) (the "Company" or "Viva") is pleased to provide initial assay results from a Reverse Circulation ("RC") drill program at its Tonopah gold project ("Tonopah") …
VANCOUVER, BC / ACCESSWIRE / November 28, 2022 / Viva Gold Corp. (TSXV:VAU); (OTCQB:VAUCF) (the "Company" or "Viva") is pleased to provide initial assay results from a Reverse Circulation ("RC") drill program at its Tonopah gold project ("Tonopah") located on the prolific Walker Lane mineral trend in western Nevada. A total of 16 drillholes have been completed in the program and submitted for assay. This release details results from the first six holes.
- Drillhole TG2211 intercepted 58.0 meters ("m") grading 5.0 grams per tonne gold ("g/t Au") starting at a depth of 40 meters. Included in this wide high-grade intercept was an 11-m zone at 24.0 g/t Au from 50m depth, that also included a 3.0 m interval at 53.6 g/t Au and 87.9 g/t silver ("Ag"). TG2211 intercepted exceptional grades in a sparsely drilled zone previously carried as low grade inferred mineralization in the resource model. The hole targeted the southern extension of a north-south structural feature in the central area of the PEA1 resource pit. The hole extended mineralization to the south and is likely to add tonnes, increase grade, and convert a number of resource blocks from inferred to indicated category.
- 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. This hole targeted the southern extent of a north-south splay structure on the eastern end of the PEA pit. Results from this hole are projected to convert a large block of weakly drilled low-grade inferred resource to indicated status, increase grade, and extend mineralization to the south, while also added both shallow and deep intercepts, below prior drilling. Hole TG2219 was drilled to the south of TG2209 to further extend mineralization on this structural zone to the south. Assays are pending on TG2219.
- TG 2010 intercepted three separate zones cumulatively totaling 38m averaging 0.8 g/t Au starting at 18m depth. Total north-south width of mineralization between holes TG2010 and TG211, drilled at the north and south ends of the same structure, has been increased through the center of the PEA pit to approximately 200-meters. A third hole, TG2222, was drilled in this section to further confirm the resource in this area. Assays are pending on TG2222.
"These initial drill results are exceeding the stated goals of this program. Our program was designed to infill and extend mineralization to the north and south along the strike of the resource pit, and to convert inferred resources in the pit to measured and indicated. Actual results have thus far exceeded these goals by increasing grade with long, unexpected zones of high-grade gold intercepts. Even within the pit shell limits we are still being surprised to the upside with new areas of high-grade mineralization. Results from holes drilled along strike on the north and south margins of the PEA design pit also confirm that the deposit remains open in those dimensions. We believe that continued success in increasing the width of the mineral zone will help to reduce project strip ratio and increase gold resources while also improving project economics. We anxiously await the results from the remainder of our program," states James Hesketh, President & CEO.