Viva Gold Provides Strong Drill Results from its Tonopah Gold Project, Walker Lane Gold Trend, Nevada
NR 21-3
Viva Gold Provides Strong Drill Results from its Tonopah Gold Project, Walker
Lane Gold Trend, Nevada
VANCOUVER, BC – March 16, 2021 – Viva Gold Corp. (TSX-Venture: VAU; OTCQB: VAUCF) (the
“Company” or “Viva”) is pleased to announce assay results for five-large diameter (PQ 85 mm size) core
holes from its previously announced reverse circulation and core drilling program at the Tonopah Gold
Project located near Tonopah, Nevada. The PQ core program targeted measured and indicated category
resource blocks containing varying grades and rock types along the main northwest-southeast trend of
the project to capture samples for metallurgical and environmental testwork, as well as to further confirm
the project resource model.
“We are very pleased with the impressive results of this program. These results confirm the high-grade
areas and continuity of mineralization found in the most recent Tonopah resource model. This drilling
program achieved its targeted goals of confirming the resource model, while also capturing a full spectrum
of samples at varying grades and rock types for upcoming metallurgical and environmental testwork”,
stated Mr. James Hesketh, President & CEO.
TGM2001 intercepted 59.1 meters averaging 1.31 grams per tonne (“g/t”) gold and 5.56 g/t silver in a
steady sequence of Tertiary Volcanics (“TV”) and Ordovician Palmetto Argillite (“OPA”) to depth in the
original Discovery zone, which is located in the phase one Starter Pit area.
TGM2002 intercepted 37.7 meters averaging 3.35 g/t gold and 14.85 g/t silver, including 8.2 meters at 6.3
g/t gold and 34 g/t silver, entirely in OPA in the original Dauntless zone of the Central Pit area of the
project.
TGM2003 intercepted sporadic zones of lower grade gold and silver in TV. Drilling on this hole was stopped
approximately 100 meters short of its planned depth due to difficult drilling conditions and the hole did
not reach a large targeted zone of mineralization at the TV/OPA contact area. This hole is located in the
West Pit.
TGM2004 intercepted five zones of lower grade mineralization with a cumulative thickness of 39.4 meters
averaging 0.53 g/t gold and 1.0 g/t silver in TV in the East Pit area.
TGM2005 intercepted 26 meters at 2.83 g/t gold and 6.8 g/t silver, including 4.9 meters at 8.81 g/t gold
and 16.03 g/t silver, in TV and 13.1 meters at 1.94 g/t gold and 4.39 g/t silver, including 4.9 meters at 4.13
g/t gold and 5.47 g/t silver, in OPA in the Starter Pit area.
Hole Azimuth Dip From To Length Gold Grade Silver Grade Rock Type
Meter Meter Meter Gram/Tonne Gram/Tonne
TGM2001 200 -75 0.0 107.6
Starter Pit Area
Discovery Zone 11.5 14.8 3.3 0.67 7.85
27.9 86.9 59.1 1.31 5.56 TV into
including 44.3 47.6 3.3 3.01 5.70 OPA
including 62.3 68.9 6.6 2.04 45.20
including 78.7 86.9 8.2 3.45 4.74
98.4 101.7 3.3 0.31 1.95 OPA
TGM2002 30.0 -75 0.0 112.2
Central Pit
49.2 87 37.7 3.35 14.85
including 54.1 62.3 8.2 6.30 34.00 OPA
including 67.3 70.5 3.3 8.71 20.65
TGM2003 270.0 -85 0.0 150.0
West Pit
103.3 108.3 4.9 0.44 1.17 TV
136.2 137.8 1.6 0.263 1.70 TV
149.3 150.9 1.6 0.664 4.60 TV
Drillhole failed at 150 meters vs 250 meter target. Did not reach main pay zone at TV/OPA contact
TGM2004 -90 0.0 162.6
East Pit
64.0 78.7 14.8 0.51 1.46 TV
85.3 98.4 13.1 0.33 0.81 TV
101.7 105.0 3.3 0.26 1.00 TV
119.8 126.3 6.6 1.01 0.73 TV
159.1 160.8 1.6 0.33 0.30 TV
TGM2005 90 -80 0.0 100.1
Starter Pit
37.7 41.0 3 0.25 4.15 TV
55.8 82.0 26 2.83 6.80 TV
including 72.2 77.1 4.9 8.81 16.03
86.9 100.1 13.1 1.94 4.39 OPA
including 93.5 98.4 4.9 4.13 5.47
TV=Tertiary Volcanic
OPA=Ordovician Palmetto Argillite
0.25 gram Au/tonne cutoff grade
Tonopah Project
Drill Results for 2020-2021 PQ Core Drill Program
TGM 2001 – 85mm dia PQ core- Intensely silicified and oxidized tertiary volcanic with quartz veining
TGM 2003 Silicified and brecciated tertiary volcanic
Core sample captured in this program is intended to be utilized to conduct additional bottle roll and
column leach gold and silver recovery testwork, as well as to perform crushing and stacking stability tests
in preparation for Feasibility Study. Crushing tests utilizing high pressure grinding rolls are planned to
determine if gold and silver recovery may be further optimized. Additional sample will also be used to
perform environmental rock characterization testwork required for project permitting activities.
James Hesketh, MMSA-QP, has approved the scientific and technical disclosure contained in this press
release. Mr. Hesketh is not independent of the Company; he is an Officer and Director.
About Viva Gold Corp:
Viva announced on March 3rd, 2021 that it entered into a definitive arrangement agreement (the
"Agreement") with Golden Predator (TSX.V: GPY; OTCQX: NTGSF) whereby Golden Predator will acquire
all of the outstanding securities of Viva Gold by way of a plan of arrangement under the Business
Corporations Act (British Columbia) (the “Transaction”). The Transaction is subject to approval by Viva
Gold shareholders and the TSX Venture Exchange.
Viva Gold is a gold exploration and project development company with a focus on Nevada. Viva
holds 100% of the advanced Tonopah Gold Project, a large land position of approximately 8,800 acres
with demonstrated high-grade measured, indicated and inferred gold resources, located on the prolific
Walker Lane gold trend in Nevada, about 30 kilometers south-east of the Round Mountain mine of Kinross
Gold and 20 kilometers north from the Town of Tonopah. Viva’s management team has extensive
experience in mining exploration, development and production and are supported by a Board of Directors
and advisors who are proven mine finders, deal makers and financiers. Viva trades on the TSX-V as “VAU”,
on the OTCQB in the US as “VAUCF” and on the Frankfurt exchange under “7PB”. For additional
information on Viva Gold and the Tonopah Gold Project, please visit our website: www.vivagoldcorp.com.
For further information please contact:
James Hesketh, President & CEO
(720) 291-1775
Valerie Kimball, Director Investor Relations
(720) 933-1150
Forward-Looking Information:
This news release contains certain information that may constitute forward-looking information or forward-looking
statements under applicable Canadian securities legislation (collectively, “forward-looking information”), including
but not limited to drilling operations and estimates of gold mineral resource at the Tonopah Gold Project. This
forward-looking information entails various risks and uncertainties that are based on current expectations, and
actual results may differ materially from those contained in such information. These uncertainties and risks include,
but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks;
the potential for achieving targeted drill results, the degree to which mineral resource estimates are reflective of
actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are
present; the risks and hazards associated with drilling and mining operations; and the ability of Viva to fund its capital
requirements. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s
disclosure materials filed with the securities regulatory authorities in Canada available at www.sedar.com. Readers
are urged to read these materials. Viva assumes no obligation to update any forward -looking information or to
update the reasons why actual results could differ from such information unless required by law.
Cautionary Note to U.S. Investors --- The United States Securities and Exchange Commission permits U.S. mining
companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and
legally extract or produce. We use certain terms in this report, such as "measured," "indicated," "inferred," and
"resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the
SEC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.