Tonopah Gold Project Technical Study Commences

VANCOUVER – Viva Gold Corp has commenced a comprehensive Technical Study for its 100%-owned Tonopah Gold Project located near the town of Tonopah, Nevada. The study is expected to be completed to a Pre-Feasibility (PFS) level, with certain components of the study anticipated to meet Feasibility-level standards. Advancing Tonopah into this next phase represents an important step in the systematic progression of the Project, building on prior economic and technical work. The study is designed to further refine mine design, processing options, capital and operating costs, and permitting pathways, while continuing to reduce technical and execution risk.
“We believe that advancing the Tonopah Gold Project into a formal Technical Study is a meaningful step toward unlocking additional value, significantly de-risking the project by establishing a detailed mine plan, capital and operating cost framework, and a declared Proven and Probable mineral reserve. Importantly, the study is expected to provide a clear roadmap toward permitting and capital efficient mine development. We anticipate completing this study over the next eight to nine months,” stated James Hesketh, President & CEO.