Issue link: http://resourceworld.uberflip.com/i/937377
F E B R U A R Y / M A R C H 2 0 1 8 www.resourceworld.com 37 gold production and drill targets defined by recent geophysical surveys. Near Caliente, the Gold Chief features a gold target hosted in a wide breccia zone in Paleozoic carbon- ates. Sampling by Silver Range in 2016 included a chip sample across an exposed face in a glory hole which returned 13.0 metres grading 1.05 g/t gold, including 3.0 metres of 2.83 g/t gold. Other prospects include Skylight, Stinson, Road Gold, Rand, Bellehelen, Legal Tender, Krug, Enigma and Lucky Boy. Viscount Mining Corp. [VML-TSXV, VLMGF-OTCQB] has been exploring the Flint Canyon area of its Cherry Creek Project, located approximately 30 miles north of the Town of Ely, White Pine County. Rock chip sampling and some reverse circulation drilling has been com- pleted. The best multi‐sample intercept was 0–18.3 metres averaging 0.438 g/t gold. Viva Gold Corp. [VAU-TSXV], formerly Aintree Resources, has a 100% interest in the Tonopah Project near Tonopah, an advanced stage gold exploration project. The project sits on the Walker Lane Trend and consists of 444 unpatented min- eral claims, 185 of which are subject to a royalty interest. The project sits on a low- sulfidation epithermal gold system with near vertical quartz-adularia-gold veins hosted by the Palmetto Formation and overlying Tertiary rhyolitic volcanics. Gold-bearing veins occur in a series of en echelon (overlapping or staggered) clusters along a 1.5-mile northwest-trend- ing band of mineralization. Viva has not conducted any drilling, but the company inherited a database of historic drill-hole data, including 637 holes, totaling 284,469 feet completed by a number of companies starting in the 1970s. Gustavson Associates completed a NI 43-101 compliant study for a previ- ous owner in 2011, declaring an inferred resource of 114,000 tons at 0.3017 oz/ton gold (8.51 g/t gold). It advised the company to define a potential increase in resources, lay out future drill programs and outline development strategies. In 2005, a NI 43-101 technical report and subsequent non-compliant resource estimates show open pit potential for 200,000 to 350,000 ounce resources averaging about 0.039 oz/ ton. LITHIUM While Nevada is known as the Silver State, lithium exploration has gained in promi- nence in recent years after Tesla, Inc. [TSLA-NASDAQ] and partner Panasonic Corp. decided to build the world's largest lithium-ion battery factory. The so-called gigafactory is a key part of Tesla's plan to achieve a planned production rate of 500,000 cars per year by 2018. Alba Minerals Inc. [AA-TSXV; AXVEF-OTC; A117RU-FSE] has a lithium project located in the Clayton Valley where a 46-hole drill program has been completed. Alba has an option to earn a NEVADA