Viva Gold Initiates Work Programs and Resource Expansion Initiatives

Core Viewpoint - Viva Gold Corp is advancing its 100% owned Tonopah project into feasibility work while aiming to increase gold and silver mineral resources at the site [1][2]. Project Development - The Tonopah Gold Project is recognized as one of the most advanced undeveloped gold projects in Nevada, with a focus on rapidly advancing through pre-feasibility and feasibility studies in 2026 [2]. - A Preliminary Economic Analysis (PEA) published in 2025 identified areas for improving project economics and guiding the feasibility study program [2]. - The existing pit confined resource at Tonopah contains 86% measured and indicated material, indicating a high confidence level in the mineral resource [2]. Initial Work Programs - Initial work programs for 2026 include submitting a proposed work plan for up to 23 drill locations to infill high-grade inferred mineralization and validate existing drilling in the Midway Hills prospect area [3]. - Drilling is expected to commence in February, with a focus on converting inferred mineralization to measured and indicated material [3]. - Bottle roll tests are underway to assess heap leach gold recovery potential for low-grade gold mineralization, which could reduce capital and operating costs [3]. Engineering and Environmental Studies - The company is developing scopes of work and engaging with engineering firms for pre-feasibility and feasibility evaluations, focusing on accelerated development of high-grade mineralization [3]. - Geotechnical and hydrological studies are being solicited to optimize pit slope angles and support feasibility studies [4]. Exploration Opportunities - A third-party independent review of historical exploration data identified seven areas for further exploration, including the Midway Hills area, which has not been followed up since partial drilling in the 1980s [4]. - A geophysical company has been contracted to conduct an additional 14,000 meters of CSAMT geophysical survey to better define identified targets [4]. Company Overview - Viva Gold Corp controls a significant land position in the Walker Lane Trend in Western Nevada and has developed a high confidence level gold mineral resource [5]. - The company is committed to environmentally and socially responsible development of the Tonopah Gold Project [5]. - The management team, led by CEO James Hesketh, has extensive experience in mining and project development [6][7].