Viva Gold Announces Stock Option Grant
NR 24-08
Viva Gold Announces Stock Option Grant
VANCOUVER, BC – July 22, 2024 – Viva Gold Corp. (TSX-Venture: VAU; OTCQB: VAUCF) (the “Company”
or “Viva”) announces that it has granted, pursuant to its stock option plan, a total of 2,750,000 stock
options to directors, officers and consultants. The incentive stock options have an exercise price of
C$0.165 per share and expire three years after the grant date. The vesting schedule is as follows: 50% of
the options vest immediately and the remaining options vest 25% of the total grant, at the one-year and
two-year anniversary dates until fully vested. The Board of Directors of Viva Gold are typically
compensated via stock options.
About Viva Gold Corp
About Viva Gold Viva Gold Corp holds 100% of Tonopah gold project ("Tonopah"), located on the world
class Walker Lane mineral trend in western Nevada, approximately 30 minutes’ drive southeast of the
Kinross Round Mountain mine and 20 minutes’ drive from the Town of Tonopah. Prior to its 2022 drilling
program, the Company declared a measured and indicated contained mineral gold resource of 394,000
ounces at 0.78 grams/tonne at Tonopah, with 206,000 ounces of Inferred resource at 0.87 grams/tonne.
Gold resources at Tonopah are generally well oxidized and is amenable to both heap leach and leach mill
processing for gold recovery. The project enjoys exceptional infrastructure with paved road access and
nearby commercially available water and grid electric power. Viva has worked with its regulators to
significantly advance its environmental, social and technical baseline study work at Tonopah to support
future environmental and project development permitting requirements. These efforts demonstrate our
focus and commitment to de-risk and add value to the Tonopah project as it is advanced to feasibility
study and permitting.
Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB "VAUCF" and on the Frankfurt
exchange "7PB". Viva has 123.2 million shares outstanding and a strong management team and board
with both gold exploration and production experience. Viva is building market awareness as the Company
advances the Tonopah Gold Project. For additional information on Viva Gold and the Tonopah Gold
Project, please visit our website: www.vivagoldcorp.com.
For further information please contact:
James Hesketh, President & CEO
(720) 291-1775
Graham Farrell, Harbor Access
(416) 842-9003