Viva Gold Increases Land Position at its 100% Owned Tonopah Gold Project in Nevada
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Viva Gold Increases Land Position at its 100% Owned
Tonopah Gold Project in Nevada
VANCOUVER, BC – July 19, 2021 – Viva Gold Corp. (TSX-Venture: VAU; OTCQB: VAUCF) (the “Company” or “Viva”) is pleased to
announce that it has staked an additional 69 unpatented lode mining claims at its Tonopah Gold Project (“Tonopah”), located on the
prolific Walker Lane mineral trend in Nevada. No royalty interest will be payable on these 69 claims under current mining law. These
additional claims bring the total land position at Tonopah to 513 mining claims or approximately 10,500 acres (~4,250 hectares) of land
and secures what is believed to be additional highly prospective ground along the principal northwest trend of gold mineralization at
Tonopah, while also adding a mile of southern extension to the property along the Rye Patch fault zone where additional gold
mineralization potential is believed to exist.
“These new claims add to the value of Tonopah by securing additional prospective ground for exploration, while also adding additional
land to comfortably support feasibility study and permitting activities for a potential open-pit heap-leach mine. A new round of drilling
operations at Tonopah will commence this week, while work is ongoing to advance environmental and technical studies required to
support the planned feasibility study”, states James Hesketh, President & CEO.
Tonopah Gold Project
Claim Map Showing
$1,600 Pit Outline
2021 New Claims in Magenta
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 is a gold exploration and project development company with a focus on Nevada. Viva holds 100% of the advanced Tonopah
Gold Project, a large land position of approximately 10,500 acres with demonstrated high-grade measured, indicated and inferred gold
resources, located on the prolific Walker Lane gold trend in Nevada, about 30 kilometers south-east of the Round Mountain mine of
Kinross Gold and 20 kilometers north from the Town of Tonopah. Viva’s management team has extensive experience in mineral
exploration, mine development and production and are supported by a Board of Directors and advisors who are proven mine finders,
deal makers and financiers. Viva trades on the TSX-V as “VAU”, on the OTCQB in the US as “VAUCF” and on the Frankfurt exchange
under “7PB”. 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
Valerie Kimball, Director Investor Relations
(720) 933-1150
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 drilling 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; 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.
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.