Announcement Date: 2022-11-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Viva Gold Corp.
Project name: Tonopah
Location: United States
Commodities: Gold,Silver
Highlight: Drilling results incl. 58m at 5.00g/t Au, 13.10g/t Ag, from 40m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC – November 28, 2022 – Viva Gold Corp. (TSX-Venture: 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.
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