Drilling Program At The Tonopah Gold Project

VANCOUVER - Viva Gold Corp. reported on three holes from the recently completed 10-hole, 1,515-meter reverse circulation (RC) drilling program at its Tonopah gold project. Tonopah is located on the prolific Walker Lane mineral trend in western Nevada, about 20 minutes’ drive from the town of Tonopah. These first three RC holes were drilled to offset widely spaced gold intercepts from our 2022 and 2023 drill programs on the north side of the 2022 Preliminary Economic Assessment (PEA) main pit area, an area that had previously been considered waste in the resource model. All gold (Au) and silver (Ag) intercepts in these first three holes were in tertiary volcanics.  

TG2401 intercepted 50.5-meters (m) starting at 40m averaging 0.68 grams per tonne Au (gpt Au)  and 3.0 gpt Ag, including two higher grade zones of 10.7m at 1.54 gpt Au starting at 40-m and 4.6 m at 1.47 gpt Au starting at 69m. TG2401 was drilled due west from the collar of TG2212 (21.3m at 0.5 gpt Au, including 7.6m at 1.3 gpt Au) towards hole TG2210 (38m averaging 0.8 g/t Au starting at 18m depth).  

TG2403 intercepted 18.3m at 0.6 gpt Au and 5.8 gpt Ag commencing at 64m including 3m at 1.37 gpt Au and 4.1 gpt Ag. TG2402 intercepted 4.6m at 0.5 gpt Au and 1.5 gpt Ag starting at 52m. TG2402 and TG2403 were each drilled in a western direction 40m to the north and south respectively of TG2310 (four zones with a cumulative total of 48m at 1.9 gpt Au, including 23m at 3.5 gpt Au starting at 72m).  

“We are very pleased with these initial results. These first three holes, when combined with prior wide-spaced drilling, potentially create strong grade continuity on the northeastern side of the resource pit shell defined in our 2022 PEA. This area had only been sparsely drilled in the past and was previously described as containing primarily waste material in the model. Additional infill and step-out drilling in this area of the project is clearly justified,” said, James Hesketh, President & CEO.