Viva Gold begins 2,500-metre drill program at Tonopah

Executive Summary

• Viva Gold Corp. has commenced a reverse circulation (RC) drill program at its 100%-owned Tonopah gold project in Nevada.
• The company plans to drill approximately 2,500 metres of RC holes to convert inferred gold mineralization to measured and indicated status, infill drilling gaps, and test resource extension potential near the pit area.
• The drilling program is designed to feed data into a prefeasibility study (PFS) and advance the project toward the formal permitting process.

Key Details

• Drill Program Type: Reverse Circulation (RC).
• Total Planned Drilling: Approximately 2,500 metres.
• Primary Objectives:
  • Convert inferred gold mineralization to measured and indicated status.
  • Infill remaining drilling gaps.
  • Identify resource extension potential in the near-pit area (as defined in the June 2025 Preliminary Economic Assessment).
  • Validate discovery holes completed in 1988 in the Midway Hills prospect area (located ~1.4 km northwest of the main pit area).
• Strategic Context: Results will directly inform the prefeasibility study work program, which commenced earlier in the month, aiming to rapidly advance Tonopah into the formal permitting process.
• Project Status: The company is focusing on technical derisking milestones and maintaining disciplined capital allocation with a pathway toward development.

Notable Quotes

• "This drill program will feed information directly into the prefeasibility study work program commenced earlier this month. These combined programs are designed to rapidly advance Tonopah into the formal permitting process while continuing to demonstrate resource growth potential," stated James Hesketh, president and chief executive officer.