Gold and Silver Updates


VANCOUVER, BC / ACCESSWIRE / January 5, 2021 / Viva Gold Corp. (TSXV:VAU) (OTCQB:VAUCF) (the “Firm” or “Viva“) is happy to supply its buyers with an replace of its ongoing exploration and growth actions and forward-looking plans for the Tonopah Gold Challenge, positioned close to Tonopah Nevada.

“In 2021 Viva will deal with the execution of its strategic marketing strategy, which incorporates advancing the Tonopah gold challenge to feasibility research and allowing, whereas concurrently persevering with to develop the numerous exploration potential of this extremely potential land place”, said James Hesketh, President and CEO. “Our plan is to develop an open pit-heap leach gold mine at Tonopah round our at the moment recognized gold useful resource base to supply no less than 40,000 to 50,000 ounces of gold per 12 months with a 6-9 12 months mine life, whereas persevering with to extend the gold useful resource base. To place this in context: our purpose is to develop a enterprise that at present gold costs would produce annual revenues within the vary of US$80 to $100 million”, he added.

Throughout the second half of 2020, vital progress was made on the Tonopah challenge with a lot of duties being undertaken to satisfy Viva’s strategic plan. Outcomes from these actions might be utilized to supply the knowledge required to provoke feasibility research and allowing actions in 2021. Following are the standing of the actions on the Tonopah challenge.

Drilling & Technical Research

  • An 11-hole Reverse Circulation (RC) drill program was accomplished in November 2020, totaling 2,016 meters, which clearly demonstrated that the first northwest-southeast mineral development on the property has not been closed off, however stays open for additional extension with further drilling.

  • Extra RC drilling is being deliberate for 2021 to additional outline and probably lengthen the open extension to the northwest-southeast mineral development.

  • The primary two massive diameter core holes (TM2001 and TM2003 – PQ 85mm dimension core) within the Discovery and the West Pit zones have been accomplished earlier than year-end 2020. These holes have been drilled within the core of two recognized zones of mineralization to seize samples for environmental and metallurgical testwork. Assays are pending on these drillholes with outcomes anticipated in late January-early February.

  • An extra three-PQ core holes might be accomplished when drilling recommences in early January. TM2002 was collared previous to year-end break.

  • Optimization testwork to high quality tune metallurgical course of routes and gold restoration might be carried out utilizing the PQ core materials as soon as assays can be found.

  • A pre-feasibility stage geotechnical research was accomplished in December 2020 by Name and Nicolas, Inc., Tucson, Arizona primarily based on current database info, which outlined preliminary suggestions for slope angles for use in detailed open-pit design. This research recommends an extra 4 -geotechnically logged core holes be drilled, primarily within the west pit space the place solely restricted information was out there. With this extra information, the geotechnical research might be superior to feasibility research stage.

Exploration Potential

  • Within the second half of 2020, Viva commenced a assessment of prior exploration efforts carried out on the west facet of its Tonopah property within the Halfway Hills and San Antonio Mountains areas. This work included subject investigation of historic prospect pits, adits and shallow shafts that had focused silicified and altered Palmetto formation (Opa) outcrops. The Opa has been uplifted on this space, presenting an older and deeper part of the formation than is present in the principle challenge space. Prior operators on the property, together with Coeur Mining and Rio Algom within the 1980’s, Kennecott within the 1990’s, and Newmont and Halfway Gold within the early 2000’s, accomplished prospecting opinions on this space of the property together with geophysical survey work and rock chip and soil sampling packages. This work had been adopted up by restricted reconnaissance drilling. Work on this portion of the challenge was overshadowed in 1996 when Kennecott drilled gap MW-12 intercepting 69-meters averaging 2.1 gpt Au, together with 3-meters at 32.2 gpt Au, on the valley flooring playa. After that discovery, the western portion of the challenge space ceased being a significant focus.

  • A re-review of historic rock chip sampling packages within the larger challenge space produced a compilation of roughly 2,200 samples with recognized areas and infrequently with multi-element assay evaluation. The samples have been taken over a large space extending nicely past the boundaries of Viva’s present property place. Of this complete, roughly 146 samples exceed 0.1 grams per tonne (gpt) Au grade with a mean grade of two.69 gpt Au and a median worth of 0.30 gpt Au. The utmost assay worth was 279 gpt Au discovered within the northwestern portion of Viva’s present property place in an space not related to the present useful resource base. These pattern factors are at the moment being added as an overlay on the Firm’s Tonopah challenge’s geologic mannequin for evaluation. These rock chip samples illustrate the good extent of the mineralizing occasion, and the numerous exploration potential that exists away from the present useful resource.

  • In 2021, Viva is planning to make the most of all out there historic information together with further subject research to develop further exploration targets on this portion of the property with a view in the direction of probably growing further drill targets and useful resource areas.

Allowing, Cultural and Environmental Research

  • In November 2020, a group of archaeologists accomplished a cultural re-survey of the challenge space, updating work initially accomplished in 2002-2003. This effort will present further information supporting the deliberate graduation of allowing efforts in 2021.

  • Twenty samples have been collected consultant of all main rock varieties within the PEA open pit space, each mineralized and unmineralized, from out there RC and core samples and have been submitted to Tempo Analytical, Sheridan, WY for preliminary environmental characterization exams. Outcomes from this testwork is anticipated in January 2021. The outcomes of this preliminary take a look at work might be utilized to information pattern choice for the initiation of extra in depth characterization exams required for State and Federal mine allowing.

  • In December, a complete of 10-data recorders have been recovered from current nicely groundwater monitoring stations on the property. These recorders had been put in in 2008 and have been left in place by the earlier operator at Tonopah. The recorders operated for a lot of years recording modifications in water desk and different floor water information till they ceased working. Efforts have been profitable in recovering information from a beforehand collected recorder, indicating {that a} vital quantity of time-based info could also be recovered from this effort. 9 new information recorders have been re-installed within the nicely monitoring stations to proceed water stage information assortment.

  • Baseline water sampling within the property commenced in December from 9 groundwater monitoring stations to enhance traditionally collected information. These samples have been submitted to Silver State Analytical Laboratories, Reno, NV for evaluation. Observe-up testing will happen on a bi-monthly foundation to develop a robust time collection of water high quality information via seasonal modifications.

  • In depth biologic research, each fauna and flora, have been carried out on the property by Newmont in 2003 as a part of an Environmental Evaluation research. Observe-up research are deliberate for the spring of 2021 to satisfy present requirements and necessities for Federal and State allowing.

Junior Mining Network

James Hesketh, MMSA-QP, has authorised the scientific and technical disclosure contained on this press launch. Mr. Hesketh will not be impartial of the Firm; he’s an Officer and Director.

About Viva Gold Corp:

Viva Gold is a gold exploration and challenge growth firm with a deal with Nevada. Viva holds 100% of the superior Tonopah Gold Challenge, a big land place of roughly 8,800 acres with demonstrated high-grade measured, indicated and inferred gold sources, positioned on the prolific Walker Lane gold development in Nevada, about 30 kilometers south-east of the Spherical Mountain mine of Kinross Gold and 20 kilometers north from the City of Tonopah. Viva’s administration group has in depth expertise in mining exploration, growth and manufacturing and are supported by a Board of Administrators and advisors who’re confirmed mine finders, deal makers and financiers. Viva trades on the TSX-V as “VAU”, on the OTCQB within the US as “VAUCF” and on the Frankfurt trade beneath “7PB”. For added info on Viva Gold and the Tonopah Gold Challenge, please go to our web site:

For additional info please contact:
James Hesketh, President & CEO
(720) 291-1775
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Valerie Kimball, Director Investor Relations
(720) 933-1150
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Ahead-Trying Info:

This information launch incorporates sure info that will represent forward-looking info or forward-looking statements beneath relevant Canadian securities laws (collectively, “forward-looking info”), together with however not restricted to drilling operations and estimates of gold mineral useful resource on the Tonopah Gold Challenge. This forward-looking info entails varied dangers and uncertainties which are primarily based on present expectations, and precise outcomes could differ materially from these contained in such info. These uncertainties and dangers embrace, however should not restricted to, the power of the worldwide financial system; the worth of gold; operational, funding and liquidity dangers; the potential for attaining focused drill outcomes, the diploma to which mineral useful resource estimates are reflective of precise mineral sources; the diploma to which components which might make a mineral deposit commercially viable are current; the dangers and hazards related to drilling and mining operations; and the flexibility of Viva to fund its capital necessities. Dangers and uncertainties concerning the Firm’s enterprise are extra absolutely mentioned within the Firm’s disclosure supplies filed with the safety’s regulatory authorities in Canada out there at Readers are urged to learn these supplies. Viva assumes no obligation to replace any forward-looking info or to replace the explanation why precise outcomes might differ from such info except required by regulation.

Cautionary Notice to U.S. Traders The USA Securities and Change Fee permits U.S. mining corporations, of their filings with the SEC, to reveal solely these mineral deposits that an organization can economically and legally extract or produce. We use sure phrases on this report, comparable to “measured,” “indicated,” “inferred,” and “sources,” that the SEC pointers strictly prohibit U.S. registered corporations from together with of their filings with the SEC.

Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.


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