Results From First Seven Holes At Tonopah Gold Project

VANCOUVER - Viva Gold Corp. reported on the first seven holes of its 2023 reverse circulation (RC) drilling program at its 100%-owned Tonopah gold project (“Tonopah”). A total of fourteen holes have now been drilled in the program and we are waiting on assays for the remainder. Tonopah is located on the prolific Walker Lane mineral trend in western Nevada, about 20 minutes’ drive from the town of Tonopah.

2023 RC Program Highlights: 1) TG 2307 intercepted two long zones of mineralization including 11 meters (“m”) of 0.5 grams per tonne gold (“gpt Au”) commencing at 79m, and a second zone of 50m averaging 1.0 gpt Au commencing at 93m, which included 3.0m at 2.8 gpt Au, 4.6m at 3.2 gpt Au and 3.0m at 3.1 gpt Au. TG2307 was collared as a 47m step-out to the south of TG2209 which intercepted 86.9 meters at 1.3 gpt Au starting at 87m depth. 2) TG2302 intercepted two long zones of gold mineralization including 14m at 0.6 gpt Au commencing at 46m and a second zone of 34m averaging 1.4 gpt Au commencing at 72 meters, including 9.1 meters at 3.9 gpt starting at 85m. TG2302 was drilled from a collar located 40 meters to the south and in a parallel orientation to TG2211 (57.9 m at 5.0 gpt Au from 40m depth), confirming an extensive zone of high-grade mineralization in this area. 3) TG2306 was drilled as a vertical hole from the same collar as TG2307 and intercepted two zones of lower-grade mineralization commencing at 35m depth, totaling 15 meters at 0.5 gpt Au. 4) TG2301 tested a zone to the east of TG2211 with limited results, while TG2203, also designed to offset TG2211, was terminated at 53 meters depth due to poor drilling conditions. 5) TG2205 tested the southern extension of a north-south splay zone located to the west of the TG2211 zone, intercepting four of zones lower-grade gold mineralization, indicating the potential limit to mineralization on that splay. 6) TG2204 tested the southern extent of a poorly developed north-south structural splay zone in the eastern end of the main resource pit area with limited results.    

“We are very pleased with the initial results of this program. TG2307 and TG2302 both confirmed the southerly continuation of the two high-grade fault splay zones found in our 2022 drilling program. Additional drilling is scheduled on these trends during the 2023 drilling program. Our 2023 drilling program is focused on upgrading zones of inferred mineralization to measured and indicated; to in-fill large gaps in drilling within the $1,650 Au resource pit area; as well to determine the true orientation and extent of the shallow, high-grade, fault splay zones discovered in our 2022 drilling program,” stated James Hesketh, President & CEO.