Viva Gold takes additional stake in Tonopah Gold Project
Viva Gold staked an additional 69 unpatented lode mining claims at its Tonopah Gold Project on the Walker Lane mineral trend near Tonopah, according to a press release.
No royalty interest will be payable on 69 claims under current mining law. These additional claims bring the total land position at Tonopah to 513 mining claims or approximately 10,500 acres of land and secures what is believed to be additional highly prospective ground along the principal northwest trend of gold mineralization at Tonopah, while also adding a mile of southern extension to the property along the Rye Patch fault zone where additional gold mineralization potential is believed to exist, the release said.
“These new claims add to the value of Tonopah by securing additional prospective ground for exploration, while also adding additional land to comfortably support feasibility study and permitting activities for a potential open-pit heap-leach mine. A new round of drilling operations at Tonopah will commence this week, while work is ongoing to advance environmental and technical studies required to support the planned feasibility study,” James Hesketh, president and CEO of Viva Gold said in the press release.
Viva Gold is a gold exploration and project development company with a focus on Nevada. Viva holds 100 percent of the advanced Tonopah Gold Project, a large land position of approximately 10,500 acres with demonstrated high-grade measured, indicated and inferred gold resources, located on the prolific Walker Lane gold trend in Nevada, southeast of the Round Mountain mine of Kinross Gold.
