Tonopah Gold Project Gold Resource Increased Over Prior Estimates

VANCOUVER - Viva Gold Corp. reported on the updated NI43-101 compliant mineral resource estimate for the Tonopah gold project, located near Tonopah, Nevada, on the prolific Walker Lane gold trend. The new resource estimate is based on the addition of 19 new drillholes completed in 2020 and 2021, updated geologic modeling and statistical analysis.

"We are very pleased with these results. Total pit constrained measured and indicated gold resource increased 21% over prior estimates to 394,000 ounces with an additional inferred resource of 206,000 ounces, a 14% increase. Our 2020 and 2021 drill programs added 68,000 ounces of measured and indicated and 25,000 ounces of inferred resource at a cost of US$12.25/ounce. This demonstrates our ability to add ounces of new gold resource at Tonopah at a very low cost. More importantly, this recent drilling increased our understanding of the geometry of the currently defined Tonopah gold deposit and indicates that the mineralization remains strongly open, at relatively shallow depths, in at least two directions. Our near-term future focus will be to drill test these newly identified areas for further resource expansion," said, James Hesketh, President & CEO.