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Viva Gold ( (TSE:VAU) ) just unveiled an announcement.
Viva Gold has launched a series of work programs aimed at moving its Tonopah project into pre-feasibility and feasibility studies while expanding and upgrading its gold and silver resources. The company has submitted a drilling plan for up to 23 locations to convert high-grade inferred mineralization to measured and indicated resources and to follow up on extensions and historic drilling at the nearby Midway Hills prospect, and is also running metallurgical tests to evaluate coarser crush sizes that could lower capital and operating costs for heap leach processing. In parallel, Viva is defining engineering scopes to potentially prioritize early mill production from high-grade material ahead of developing heap-leach facilities, and has engaged geotechnical, hydrological, and geophysical specialists to optimize pit design, water management and identify new exploration targets, all of which are intended to enhance project economics and support permitting and long-term growth potential at Tonopah.
More about Viva Gold
Viva Gold Corp is a mineral exploration and development company focused on advancing its 100%-owned Tonopah gold project in Nevada, located along the Walker Lane Trend near existing major operations such as Kinross Gold’s Round Mountain mine. The project hosts a largely measured and indicated, pit-constrained gold resource and benefits from advanced metallurgical and baseline environmental work, positioning Viva as a developer of one of the more advanced undeveloped gold projects in the state.
Average Trading Volume: 170,616
Technical Sentiment Signal: Buy
Current Market Cap: C$29.11M
For detailed information about VAU stock, go to TipRanks’ Stock Analysis page.