Acquired by Viva in 2017, the Tonopah project consists of a major land position on the prolific Walker Lane Trend in Western Nevada. Tonopah contains an estimated pit-constrained resources of over 394,000 measured and indicated resource ounces, with an additional 206,000 ounces of inferred resource. In addition, Viva has outlined exploration targets on major trends at the property, which, if successfully drilled, may achieve the goal of significantly increasing the size of the project.
A preliminary economic analysis ("PEA") analysis of the project as an open-pit heap-leach development opportunity has been completed and produced strongly economic results. This study provides justification for continued investment in the Tonopah project. With its location in a known mining district in western Nevada, paved road access, nearby power, water, and mining-support infrastructure, capital costs for the project are projected to be low.
Viva Gold Announces Private Placement Offering - March 28, 2022