Land Position Increased At Tonopah Gold Project

VANCOUVER – Viva Gold Corp. has staked an additional 36 unpatented mineral lode claims at its Tonopah Gold Project located near the town of Tonopah, Nevada. These claims cover approximately 720 acres (291 Hectares) of land immediately northwest of Tonopah and were located to cover an area outside of the existing claim block identified through third-party review as being highly prospective for gold exploration. Viva has commenced work on a field program to complete an additional 14,000 meters of CSAMT geophysical survey, a controlled‑source electromagnetic method used to map subsurface resistivity associated at Tonopah with potential silica emplacement during gold deposition. CSAMT has been one of the major tools used in identifying gold potential at Tonopah. Viva has also received approval from the U.S. Bureau of Land Management for 23 new drill sites in and around the PEA design pit area of the Tonopah project and at the Midway Hills prospect area located approximately 1.4 kilometers northwest of the main pit area. Drilling is expected to commence later this month with a focus on converting remaining high-grade inferred mineral resource in the PEA pit area to measured and indicated category in preparation for feasibility study work, while also performing step out drilling on known mineral extension potential around the pit area, with additional holes to test targets at the Midway Hills prospect area of the Project.
President and CEO Jim Hesketh, said, “With new claims staked, additional drill permits approved, and field work underway, we’re accelerating the Tonopah Gold Project toward permitting and development. Nevada is one of the world’s premier mining jurisdictions, and projects that advance through permitting often see meaningful market re-ratings. We believe Tonopah is well positioned to deliver that value for our shareholders.”