Viva Gold Corp. Discusses the Potential of Their Tonopah Gold Project with The Stock Day Podcast

October 21, 2020 8:45 AM EDT | Source: Stock Day Media

Phoenix, Arizona--(Newsfile Corp. - October 21, 2020) - The Stock Day Podcast welcomed Viva Gold Corp. (OTCQB: VAUCF) ("the Company"), a gold exploration and project development company with a focus on Nevada. CEO of the Company, James Hesketh, joined Stock Day host Everett Jolly.

Jolly began the interview by asking about the Company's background and current projects. "We started this company back in 2017," said Hesketh, before elaborating on their Tonopah Gold Project located in Nevada. "It's a fairly new company; we only have 39.2 million shares outstanding," he continued. "We've got an outstanding board and management team, and we're moving our Tonopah project rapidly towards a feasibility concept," said Hesketh.

Hesketh then shared his extensive experience in the mining industry. "I'm a mining engineer by training and a mineral economist as well," said Hesketh. "I've been in the mining industry now for over 40 years," he added.

Jolly then asked about the history and infrastructure of the Tonopah Gold Project. "The project is ideally located," said Hesketh, noting that the project is accessible by paved road and is in close proximity to public water supply and power. "This is in a location where we can actually build a mine and permit it," said Hesketh.

The conversation then turned to the Company's recent drilling program and results. "We're currently running a drilling program, and we've just completed 11 reverse circulation drill holes. We've announced 7 of the holes to date and are waiting on assays for another 4 holes," explained Hesketh. "We expect to have a drill core rig on site towards the end of the month," he added, noting that this will allow the Company to complete another four core holes around the perimeter of the deposit. "Plus, we will be drilling 5 metallurgical large-diameter core holes in the center of the deposit," continued Hesketh. "We've got a lot of information coming along, and we'll be using that data for geotechnical analysis, metallurgical test work, and environmental test work all geared towards taking our project towards a feasibility study."

"Do you have any idea of how much gold or silver you might be sitting on?" asked Jolly. "Currently, we have a measured, indicated and inferred gold resource of just over a half million ounces," shared Hesketh. "We anticipate growing that into the 600,000 or 700,000 ounce range fairly quickly," he added. "Long-term we anticipate that this project could be as much as a million ounces in all categories."

Hesketh then shared that the core of the project has been extensively drilled with two-thirds of the project currently categorized as measured and indicated. "We have over 600 drill holes outlining the main pit area," said Hesketh. "We have a project that's incredibly ready to go towards feasibility. There is a high-grade core, it will be a starter pit," explained Hesketh. "That starter pit, the high-grade zone, we anticipate will cover the bulk of the development costs of the project."

"How far down do you need to drill?" asked Jolly. "Most of these holes are fairly shallow - 600 to 700 feet," said Hesketh. "The bulk of the deposit lays within 350 feet or 100 meters from the surface."

To close the interview, Hesketh encouraged listeners to stay up-to-date on the Company's projects as they continue to move forward. "We have a project that's been through preliminary economic assessments and has produced very robust results. We anticipate being able to improve that as the gold market continues to advance forward and we expect to be moving this project towards production status by the end of next year," said Hesketh.

To hear James Hesketh's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7710846-viva-gold-corp-discusses-the-potential-of-their-tonopah-gold-project-with-the-stock-day-podcast

Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/

About Viva Gold Corp:

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
jhesketh@vivagoldcorp.com

Valerie Kimball
Director Investor Relations
(720) 933-1150
vkimball@vivagoldcorp.com

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.

About The "Stock Day" Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.

SOURCE:

Stock Day Media
(602) 821-1102

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66493

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