Northwire Canada EditionWednesday, November 4, 2026
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Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0% Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0%
Drill Results Routine +

Viva Gold Drills One of its Strongest Holes to Date at the Tonopah Gold Project in Nevada

Viva drilled high-grade shallow zones at Tonopah, advancing the pre-feasibility study toward a q4 2026 completion.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 07:01 VAU · 0.138 Viva Gold Corp.
Executive Summary
  • Viva Gold Corp announced high-grade gold drilling results from two reverse-circulation holes (TG2610 and TG2609) at its Tonopah Gold Project in Nevada.
  • Hole TG2610 returned one of the strongest intersections to date in the western pit area, featuring 88.4 m @ 0.98 g/t Au across two distinct zones, including 6.1 m @ 4.23 g/t Au and 1.5 m @ 8.67 g/t Au.
  • Hole TG2609 returned 15.2 m @ 0.44 g/t Au in two lower-grade zones on the southern extent.
  • The 2026 RC drill program has completed 19 holes (3,210m) with nine additional assay results pending.
  • The drilling aims to expand and infill mineralization to upgrade inferred resources to mineral reserves for the upcoming pre-feasibility study (PFS), which remains on track for later in 2026.
  • Management highlighted that TG2610 demonstrates the potential to add gold mineralization in the north dimension of the resource pit, supporting early mining targets.
Material Impact
  • The June 3, 2026 results are a direct continuation of the positive drilling campaign announced in April and May 2026.
  • The results are in line with previous expectations and management's stated goal of infilling and expanding the resource to support the PFS.
  • While TG2610 is a strong hole, it does not represent a fundamental change to the project's economics or timeline. It is an incremental step that de-risks the resource model ahead of the PFS.
  • The news is expected and routine, maintaining project momentum without triggering an immediate market re-rating.
VAU · Price
Company Overview
  • Viva Gold Corp is a junior mining company focused on the development of the Tonopah Gold Project in western Nevada.
  • The project is 100% owned and located on the Walker Lane Mineral Trend, approximately 30 minutes south of Kinross Gold's Round Mountain Mine.
  • A Preliminary Economic Assessment (PEA) filed in August 2025 outlined a 7-year open-pit mine life producing 404,000 oz Au and 354,000 oz Ag.
  • The PEA projected an after-tax NPV of $111.6M at $2,400/oz Au and an IRR of 17.6%, with pre-production capital of $219.9M.
  • The mining plan involves a conventional truck/loader operation feeding a 10,000 tpd plant, split between a 2,000 tpd CIL mill and an 8,000 tpd heap leach circuit.
Read the original news release →

More from Viva Gold Corp.

Oct 06, 2026 · 07:01

Viva advances Tonopah PFS toward a Q4 completion while resuming core drilling at Midway Hills as permitting preparations continue.

Production / Operations Sep 09, 2026 · 16:15

Viva Gold doubles financing to $6.5m to accelerate permitting for its tonopah project in nevada.

Financings Aug 26, 2026 · 07:00

Viva Gold raises $3m to fund Midway Hills drilling and Tonopah permitting amid ongoing cash constraints.

Financings Aug 19, 2026 · 07:00

Viva outlines the PFS timeline, permitting progress, and Midway Hills upside during a dedicated webinar presentation.

Other Aug 17, 2026 · 07:00

Viva’s Tonopah Project Feasibility Study targets Q4 completion to advance Nevada permitting for the deposit.

Production / Operations Jul 08, 2026 · 07:01

Viva’s Midway Hills step-out intercept confirms and enhances the discovery while capital headroom remains razor-thin.

Drill Results