RC Drill Program At The Tonopah Gold Project

VANCOUVER - Viva Gold Corp. reported on the 2022 16-hole, 2,457-meter reverse circulation (RC) drilling program at the Tonopah gold project, in Nevada, and to provide an update on the status of work at the project.

2022 RC Program Highlights: 1) TG2221 intercepted 1.5 meters (“m”) at 3.0 grams per tonne gold (“g/t Au”) in a zone of lower grade at a depth of 155 m as a step-out to the west of the south pits and south of the main pit area, indicating the potential presence of a new high-grade zone and extension to the south pit trend. 2) TG2219 intercepted 18.3 m grading 4.1 g/t Au starting at a depth of 73 m. 3) TG2218, encountered 1.5 m at 9.2 g/t Au at 30 m depth. 4) TG2217; 5.0 g/t Au over 18.2 m, including 4.6 m at 14.7 g/t Au starting at 76 m depth. 5) TG2214 hit a zone of 4.6 m averaging 21.4 g/t Au starting at a depth of 111 m . 6) TG2212 intercepted 21.3 m at 0.5 g/t Au, including 7.6 m at 1.3 g/t Au. 7) TG2211 intercepted a zone of 57.9 m at 5.0 g/t Au from 40 meters depth, including 11m at 24.0 g/t Au which included 3 m at 53.6 g/t Au. 8) TG 2010 intercepted three zones totaling 38 m at 0.8 g/t Au starting at 18m depth. 9) TG2209; 86.9 m at 1.3 g/t Au starting at 87m depth, including 3.0 m at 13.5 g/t Au, and 1.5 m at 9.2 g/t Au.

“In 2022, we were able to significantly advance the Tonopah Gold project towards feasibility. We discovered new areas of high-grade (+1.0 g/t Au) gold mineralization at shallow depths within the perimeter of the 2022 resource pit shell limits, and extended existing zones of high-grade mineralization both inside and outside the 2022 resource pit limits. This work demonstrated that the main deposit remains open in several north-south mineralized corridors along its 1.5 kilometers strike length. New discoveries in our recent drill program increased the width of mineralization up to 200 meters in some areas. Our work in 2022 substantially enhanced our understanding of the structural and lithologic controls of the deposit, which has allowed us to significantly improve our drill targeting success rate. Significant progress has also been made on optimizing gold recovery and we can now demonstrate a process route to increase gold recovery from our high-grade gold mineralization. Our baseline environmental study work is also well advanced and we believe that we have substantially de-risked the project for future development. In these programs we have already completed a number of critical steps required to complete feasibility study. Our plan for 2023 is to conduct additional drilling to follow-up on our successful 2022 drill programs, determine the limits of mineralization in the main pit area, and to rapidly move the project into feasibility study,” said, James Hesketh, President & CEO.