Viva Gold Continues to Expand Gold Mineralization at the Tonopah Gold Project in Nevada Latest RC drilling extends the new southeast pit area and confirms a new block of gold mineralization on the south side of the deposit; first 15 holes now being incorporated into an
NR 26-10
Viva Gold Continues to Expand Gold Mineralization at the Tonopah Gold Project
in Nevada
Latest RC drilling extends the new southeast pit area and confirms a new block of gold
mineralization on the south side of the deposit; first 15 holes now being incorporated into an
updated resource model
VANCOUVER, BC – June 23, 2026 – Viva Gold Corp ( TSXV: VAU; OTCQB: VAUCF ) (the “Company” or
“Viva”) is pleased to announce additional results from the 2026 reverse-circulation (“RC”) drill program
at its Tonopah Gold Project (“Tonopah,” or the “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. Building on previously announced results, today’s results continue to extend known gold
mineralization and define new mineralized areas across the deposit – reinforcing the momentum of a
program that has returned consistent gold intercepts across the first fifteen holes drilled.
“With each batch of results, the picture at Tonopah gets bigger and clearer . TG2614 defined the width
extent of the new southeast trend, while TG2615 builds directly on our earlier TG2608 intercept to
establish a new block on gold mineralization of the south side of the deposit. The first fifteen holes of this
program are now being incorporated into our updated resource model, and we are encouraged by what
we are seeing,” stated James Hesketh, President & CEO.
With assays in hand for fifteen of the nineteen holes , and results for the remaining four expected in the
coming weeks, the 2026 program is feeding directly into the updated resource model that will underpin
the Company's pre-feasibility study, targeted for Q4 2026.
RC Drill Program Highlights
Highlights of our latest assay returns include:
• TG2615: 56.4 m @ 0.35 g/t Au in two zones starting at 32 meters depth;
• TG2614: 19.8 m @ 1.01 g/t Au in four zones starting at 51.8 meters depth;
• TG2612: 7.6 m @ 0.34 g/t Au in two zones starting at 56.4 meters depth.
This drill program was designed to infill and upgrade areas of inferred gold mineral resource and undrilled
areas currently carried as waste within our 2025 PEA resource pit shell. Additional drilling was performed
on open extensions to mineralization outside the PEA pit shell. 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 TG26 15 with assay
returns pending for the remaining four drill holes.
Hole Azimuth Dip From To Length
Depth To
Mineral Gold Grade Silver Grade Rock Type Comment
Meter Meter Meter Meter Gram/Tonne Gram/Tonne
TG2615 60 -70 152.4 143.2
32.0 83.8 51.8 30.1 0.36 2.08 Opa South Side of Eastern Pit
including 71.6 74.7 3.0 67.3 1.05 2.10 Opa 65m SSE of TG2608
93.0 97.5 4.6 87.4 0.28 2.23 Opa Comfirms thick package of
mineralization
TG2614 55 -65 152.4 138.1
51.8 59.4 7.6 47.0 0.71 3.70 Opa Drilled NE from collar of TG2602
62.5 65.5 3.0 56.6 0.91 4.20 Opa Bisects between TG2601 and
70.1 74.7 4.6 63.5 0.44 2.77 Opa TG2422 confirming width
85.3 89.9 4.6 77.3 2.14 4.13 Opa extent of new zone
TG2612 0 -90 134.1 134.1
56.4 61.0 4.6 56.4 0.29 3.33 Opa Offsets TG2607 and TG2601
70.1 73.2 3.0 70.1 0.41 2.55 Opa on north side of new SE trend
Released 3 June, 2026
TG2610 0 -90 262.1
123.4 182.9 59.4 123.4 1.08 1.97 Tvl North side of Western pit
including 123.4 129.5 6.1 123.4 4.32 7.80 Tvl extension in inferred resource
including 158.5 163.1 4.6 158.5 2.26 1.90 Tvl block. Mill feed grade.
including 173.7 181.4 7.6 173.7 1.17 1.56 Tvl Likely grade increase and
189.0 217.9 29.0 189.0 0.76 3.88 Tvl/Opa upgrade to Indicated mtl.
including 196.6 198.1 1.5 196.6 8.67 10.50 Opa
TG2609 0 -90 266.7
131.1 138.7 7.6 131.1 0.58 1.44 Tvl South Side of Western Pit
201.2 208.8 7.6 201.2 0.31 2.24 Opa
Released 13 May, 2026
TG2606 0 -90 176.8
21.3 24.4 3.0 21.3 1.40 0.90 Tvl Infill hole located 35 meters
74.7 106.7 32.0 74.7 3.14 8.11 Opa north of TG2422 confirms
including 76.2 85.3 9.1 76.2 9.27 16.48 Opa shallow pit potential.
including 76.2 77.7 1.5 76.2 26.3 45.5 Opa Inferred conversion and grade
121.9 125.0 3.0 121.9 0.53 1.60 Opa increase to mill grade
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
111.3 115.8 4.6 104.5 0.28 2.63 Opa Adds new mineralization
Released April 23, 2026
TG2601 225 -70 152.4
64.0 86.9 22.9 60 1.29 9.07 Opa 73M SE step-out from TG2422
including 64.0 68.6 4.6 60.0 4.73 21.60 Opa Mill circuit grade
TG2603 250 -70 131.1
94.5 109.7 15.2 88.3 1.16 1.59 Opa/Tvl 50M NW step-out from MW81
including 96.0 99.1 3.0 90.2 2.56 4.90 Contact 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
Tonopah Gold Project
Preliminary 2026 Reverse Circulation Drilling Program Results
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.
Qualified Person
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 gold-
mining country on the prolific Walker Lane Structural Trend in western Nevada, approximately a 30 -
minute 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 as sessment (“PEA”). Pre-feasibility study (PFS) has
been initiated on the project with a final report due in fourth quarter of 2026. Viva Gold is committed to
advancing the Tonopah Gold Project in an environmentally and socially responsible manner, consisten t
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.
For further information please contact:
James Hesketh, President & CEO
(720) 291-1775
Graham Farrell, Investor Relations
(416) 842-9003
Forward-Looking Information :
This news release contains certain information that may constitute forward -looking information or
forward-looking statements under applicable Canadian securities legislation (collectively, “forward -
looking information”), including but not limited to drilli ng operations and estimates of gold mineral
resource at the Tonopah Gold Project. This forward -looking information entails various risks and
uncertainties that are based on current expectations, and actual results may differ materially from those
contained in such information. These uncertainties and risks include, but are not limited to, the strength
of the global economy, inflationary pressures, pandemics, and issues and delays related to permitting
activities; the price of gold; operational, funding and liquidity risks; the potential for achieving targeted
drill results, the degree to which mineral resource estimates are reflective of actual mineral resources; the
degree to which factors which would make a mineral deposit commercially viable are present; the risks
and hazards associated with drilling and mining operations; and the ability of Viva to fund its capital
requirements. Risks and uncertainties about the Company’s business are more fully discussed in the
Company’s disclosure materials filed with the securities regulatory authorities in Canada available at
www.sedar.com. Readers are urged to read these materials. Viva assumes no obligation to update any
forward-looking information or to update the reasons why actual results could differ from such
information unless required by law.
Cautionary Note to Investors --- Investors are cautioned not to assume that any "measured mineral
resources", "indicated mineral resources", or "inferred mineral resources" that the Company reports in this
news release are or will be economically or legally mineable. United States investors are cautioned that
while the SEC now recognizes "measured mineral resources", "indicated mineral resources" and "inferred
mineral resources", investors should not assume that any part or all of the mineral deposits in these
categories will ever be conve rted into a higher category of mineral resources or into mineral
reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Under
Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-
feasibility studies, except in limited circumstances. Further, "inferred mineral resources" have a great
amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be
assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category.
The mineral reserve and mineral resource data set out in this news release are estimates, and no assurance
can be given that the anticipated tonnages and grades will be achieved or that the indicated level of
recovery will be realized.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.