Viva Gold Corp. (TSXV:VAU; OTCBB: VAUCF) (the “Company” or “Viva”) is pleased to announce final assay results from its recently completed 11 hole Reverse Circulation (“RC”) 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 …read more
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