Viva Gold to Commence Drill Program at Tonopah Gold Project
VIVA GOLD CORP.
NR 18-7
Viva Gold to Commence Drill Program at Tonopah Gold Project
VANCOUVER, BC – May 17, 2018 – Viva Gold Corp. (TSX-Venture: VAU) (the “Company” or
“Viva”) is pleased to announce that its work plan for the Tonopah Gold Project has been approved by the
BLM and that it is commencing a 28 hole, reverse circulation drill program at the property. The high-grade,
advanced stage Tonopah gold project is located on the prolific Walker Lane trend of western Nevada near
the town of Tonopah.
The focus of this program is to initially confirm and test extensions to known , high-grade gold bearing
structures in the Discovery, Dauntless, 121 and other zones. Historic drilling in the Discovery zone included
intercepts of 45.9 meters of 7.68 gpt gold in drill hole MW11-09c and 21.6 meters of 5.83 gpt gold in
MW11-07c. Similar intercepts can be found at structural junctions in the cores of the other known zones.
The average depth of drilling, in these near surface targets will be approximately 150 meters. Subsequent
drilling will focus on both step-out and in-fill drilling between these major known zones and along
extensions identified in Viva’s recent resource modelling work.
“We believe that success in this program will pave the way to achieving Viva’s goal of expanding the
Tonopah project to over 1.0 million contained ounces of gold resource”, states James Hesketh, President &
CEO.
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.
All technical information which is included in this statement has been reviewed and approved by Thomas
C. Matthews of Gustavson Associates LLC. Mr. Matthews is independent of the Company and a qualified
person, pursuant to the meaning of such terms in National Instrument 43-101 Standards of Disclosure for
Mineral Projects.
Viva Gold is a gold exploration and development company w ith a focus on Nevada. 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 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.