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Viva Gold increases gold resources at Tonopah project in Nevada by 41%

An updated estimate for Viva Gold Corp.'s Tonopah project in Nevada increased contained gold in the measured and indicated category by 41%.

The property now hosts 262,000 ounces of gold contained within 8.8 million tonnes grading 0.93 g/t gold, at a 0.25 g/t cutoff grade. Inferred resources stood at 6 million tonnes grading 0.54 g/t gold for 123,000 ounces of gold.

The new estimate incorporated results from three drilling programs in 2018 and early 2019 comprising 28 drillholes. Viva Gold said May 21 that a large tonnage of inferred mineralization was converted into measured and indicated material.

The company also noted the potential of the sparsely drilled extension between the Tonopah project and the nearby Midway Hills area, where it could launch a new stepout drilling program.