TG2311 was dilled as an infill hole in a 50-to-100m waste gap in the original Discovery Zone structure. The zones included 9m at 2.4 gpt Au 9m at 3.0 gpt Au and 41m at 1.5 gpt Au. TG2311 intercepted three zones of shallow, high-grade gold mineralization starting at 24m with a cumulative total of 59m at 1.9 gpt Au.This zone remains largely open in the western dimension where the next hole on the south side of the main deposit is over 180 meters to the west. TG2318 was drilled perpendicular, in a near westerly direction, from the collar of drillhole TG2211, which intercepted 57.9m at 5.0 g/t Au from 40m (see January 2023 release), demonstrating the potential width of this shallow, high-grade zone of gold mineralization. TG2318 intercepted 55 meters (“m”) at 1.0 grams per tonnes gold (“gpt Au”) starting at 38m, including 14m at 1.6 gpt Au and 4.6m at 4.2 gpt Au.See below for call details, ” stated James Hesketh, President & CEO. Viva is hosting a webinar call to discuss these results on Jat 11:00am Eastern Time. These assay results will be incorporated into in our updated PEA and mineral resource estimate for the project which is currently underway as announced on May 18, 2023. These results are very likely to increase the size of the previously identified high-grade starter pit zone for early mining, increase overall contained ounces and reduce stripping ratio for the project. Most of the new intercepts are within the limits of the resource pit shell as defined in our 2022 Preliminary Economic Assessment 1 (“PEA”). “Our 20 drilling programs have been very successful at extending, confirming and discovering new, shallow, high-grade zones of gold mineralization at our Tonopah gold project. Tonopah is located on the prolific Walker Lane mineral trend in western Nevada, about 20 minutes’ drive from the town of Tonopah. Assay results from the first seven holes of the program were announced on June 6, 2023. (TSXV- VAU OTC- VAUCF) (the “ Company ” or “ Viva ”) is pleased to provide the final assay results from the 18-hole, 2,167-meter 2023 reverse circulation (“RC”) drilling program at its 100%-owned Tonopah gold project (“Tonopah”).
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