Viva Gold Corp (TSX-V: VAU) (OTCQB: VAUCF) is pleased to announce additional results from the 2026 reverse-circulation drill program at its Tonopah Gold Project. Tonopah is located on the prolific Walker Lane Mineral Trend in western Nevada, approximately a 30-minute drive south of Kinross Gold’s Round
Mountain Mine. This RC drill program has identified new areas of near surface, high-grade mineralization.
This drill program is designed to expand and infill gold mineralization, with the goal of upgrading inferred resources to a level that supports conversion to mineral reserves in the pre-feasibility study. Nineteen holes totaling 3,210 meters have been drilled, including three exploration holes targeting the Midway Hills prospect at Tonopah. Assay results have been received for eight holes (TG2601–TG2608); results for TG2601–TG2604 and preliminary data for TG2608 were disclosed on April 23, 2026. Assays for the remaining 11 holes are pending.
“We are very pleased with the results that we have received in this program. These new mineral intercepts are within the 2025 PEA resource shell in areas previously categorized as either waste or inferred mineralization. The results that we are seeing are potentially adding to shallow high-grade mineralization that can be mined early in the mine life and are likely to convert inferred mineralization to measured and indicated status while also adding new zones of inferred mineralization. These upgrades in both category and grade should help to reduce strip ratio and add to the economics of our ongoing pre-feasibility study for Tonopah,” stated James Hesketh, President & CEO.
RC Drill Program Highlights
Highlights of our latest assay returns include:
This drill program focuses on expanding and infilling gold mineralization, with the objective of upgrading inferred resources to support potential conversion to mineral reserves in pre-feasibility study. Nineteen drill holes totaling 3,210 meters have been completed in this program including three exploration holes drilled in the Midway Hills prospect area at Tonopah. Assay results have been received for holes TG2601 to TG2608 and assay returns are pending for the remaining 11 drill holes. Results for TG2601 to 2604 and prelims on 2608 were released on April 23, 2026.
| Tonopah Gold Project
Preliminary 2026 Reverse Circulation Drilling Program Results |
||||||||||
| Hole Azimuth Dip | From To Length | Depth To Mineral | Gold Grade Silver Grade | Rock Type | Comment | |||||
| Meter Meter Meter | Meter | Gram/Tonne | Gram/Tonne | |||||||
| TG2606 0 | -90 | 176.8 | ||||||||
| including | including | 21.3 24.4 3.0 | 21.3 | 1.40 | 0.90 | Tvl
Opa Opa Opa Opa |
Infill hole located 35 meters north of TG2422 confirms shallow pit potential.
Inferred conversion and grade increase to mill grade |
|||
| 74.7 106.7 32.0 | 74.7 | 3.14 | 8.11 | |||||||
| 76.2 85.3 9.1 | 76.2 | 9.27 | 16.48 | |||||||
| 76.2 77.7 1.5 | 76.2 | 26.3 | 45.5 | |||||||
| 121.9 125.0 3.0 | 121.9 | 0.53 | 1.60 | |||||||
| 134.1 141.7 7.6 | 134.1 | 1.31 | 1.58 | Opa | ||||||
| 157.0 163.1 6.1 | 157.0 | 0.79 | 1.75 | Opa | ||||||
| TG2605 0 | -90 | 170.7 | ||||||||
| 62.5 74.7 12.2 | 62.5 | 0.38 | 1.86 | Tvl | Infill of inferred on north | |||||
| 115.8 123.4 7.6 | 115.8 | 0.34 | 1.04 | Tvl | boundary of 2025 PEA pit Upgrades inferred | |||||
| TG2608 0 | -90 | 137.2 | ||||||||
| 25.9 35.1 9.1 | 25.9 | 0.72 | 2.88 | Opa | Drilled on edge of inferred zone | |||||
| including | 29.0 32.0 3.0 | 29.0 | 1.39 | 3.45 | Opa | South east PEA pit | ||||
| 47.2 67.1 19.8 | 47.2 | 0.39 | 1.06 | Opa | Adds new mineralization | |||||
| 85.3 88.4 3.0 | 85.3 | 0.91 | 1.17 | Opa | Heap Leach grades | |||||
| 103.6 137.2 33.5 | 103.6 | 0.44 | 1.09 | Opa | ||||||
| TG2607 225 | -70 | 121.9 | ||||||||
| 56.4 64.0 7.6 | 53.0 | 0.45 | 9.16 | Opa | Drilled 52 meters SE of | |||||
| 94.5 99.1 4.6 | 88.8 | 0.33 | 3.10 | Opa | TG2601 extending new zone | |||||
| Released April 23, | 2026 | 111.3 115.8 4.6 | 104.5 | 0.28 | 2.63 | Opa | Adds new mineralization | |||
| TG2601 225 -70 | 152.4 | |||||||||
| including | 64.0 86.9 22.9 | 60 | 1.29 | 9.07 | Opa
Opa |
73M SE step-out from TG2422
Mill circuit grade |
||||
| 64.0 68.6 | 4.6 | 60.0 | 4.73 | 21.60 | ||||||
| TG2603 250 -70 | 131.1 | |||||||||
| including | 94.5 109.7 15.2
96.0 99.1 3.0 |
88.3
90.2 |
1.16
2.56 |
1.59
4.90 |
Opa/Tvl Contact | 50M NW step-out from MW81
Mill circuit grade |
||||
| Tvu = Upper Tertiary Volcanic Cutoff Grade: 0.2 Au g/t
Tvl = Lower Tertiary Volcanic Opa = Ordovician Palmetto Argillite True thickness/widths are unknown NSS = No significant sample |
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Quality Assurance/Quality Control
Viva Gold utilizes a well-documented system of inserting blanks and standards into the assay stream and has a strict chain of custody for samples taken by the Company. Assays taken by the Company are completed at independent laboratories which have internal quality assurance and quality control systems and procedures. Assays were performed by American Assay Laboratories Inc. of Reno, Nevada, by fire assay and ICP methods with gravimetric finish.
James Hesketh, MMSA-QP, has approved the scientific and technical disclosure contained in this press release. Mr. Hesketh is not independent of the Company; he is an Officer and Director.
About Viva Gold Corp:
Viva Gold’s 100%-owned Tonopah Gold Project is located within a large land position in established goldmining country on the prolific Walker Lane Structural Trend in western Nevada, approximately a 30minute drive south of Kinross Gold’s Round Mountain Mine. Viva has defined a high-confidence gold mineral resource and has demonstrated the potential for an economically viable open-pit, heap leach/mill gold project through its 2025 preliminary economic assessment (“PEA”). Viva Gold is committed to advancing the Tonopah Gold Project in an environmentally and socially responsible manner, consistent with management’s core values.
Viva Gold is led by CEO James Hesketh, a 40-year mining industry veteran who has led the development and construction of eight mines globally. The Board and management team include experienced mining professionals with expertise in exploration, project development, construction, and mine operations.
Viva Gold trades on the TSX Venture Exchange (“VAU”), the OTCQB (“VAUCF”), and the Frankfurt Exchange (“7PB”). Viva currently has approximately 172 million shares outstanding. The Company is advancing its Tonopah Gold Project in mining-friendly Nevada with the support of institutional shareholders. More information is available on https://www.sedar.com and at www.vivagoldcorp.com.
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