- The latest high-grade drilling results from Viva Gold’s (TSXV:VAU) Tonopah gold project, located in Nevada’s legendary Walker Lane Mineral Trend, are among the best the junior miner has produced to date.
- The gold exploration and development company is led by CEO, James Hesketh, who has overseen the development and construction of eight mines across the world.
- Viva Gold stock has given back 28.95 per cent year-over-year and 43.75 per cent since 2021.
The latest high-grade drilling results from Viva Gold’s (TSXV:VAU) Tonopah gold project, located in Nevada’s legendary Walker Lane Mineral Trend, are among the best the junior miner has produced to date.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The gold miner returned 88.4 metres (m) at 0.98 grams per ton (g/t) gold in two zones from drillhole TG2610, highlighted by 59.4 m at 1.08 g/t gold, which included 6.1 m at 4.23 g/t gold and 4.6 m at 2.26 g/t gold, and a second zone of 29 m at 0.76 g/t gold, including 1.5 m at 8.67 g/t gold, all between 123.4-217.9 m depth.
TG2609, for its part, delivered 15.2 m at 0.44 g/t gold in two zones, including 7.6 m at 0.58 g/t gold from 131.1 m depth, plus a second zone of 7.6 m at 0.31 g/t gold from 201.2 m depth.
The results, stemming from Viva’s now completed 2026 reverse-circulation program, add further evidence that the project’s proximity to Kinross Gold’s Round Mountain mine, which produced 143,402 ounces of gold equivalent in 2025, is no mere coincidence.
Tonopah’s 2025 preliminary economic assessment (PEA) makes a case for an after-tax net present value of US$363.6 million at a base case of only US$3,200 per ounce of gold (US$36.93 per ounce of silver), reflecting expected production of 404,000 ounces of gold and 354,000 ounces of silver over a seven-year mine life.
Assays remain pending for nine drillholes under the 2026 program, which spanned 19 drillholes across a combined 3,210 m.
Leadership commentary
“We are very pleased with these results. TG2610 and TG2609 were drilled to test the width extension potential of the north and south limits of the down-dropped block of deeper mineralization situated in the western section of the main 2025 PEA resource pit. TG2610 returned significant lengths of high-grade mineralization in two zones and is one of the strongest holes drilled to date in this western pit area, while TG2609 returned lower-grade zones of mineralization on the southern extent. The results for TG2610 demonstrate the potential to add gold mineralization in the north dimension of this section of the resource pit,” James Hesketh, President and Chief Executive Officer of Viva Gold, said in Wednesday’s news release.
About Viva Gold
Viva Gold is a gold exploration and development company active in Nevada. The company is led by CEO, James Hesketh, who has overseen the development and construction of eight mines across the world.
Viva Gold stock (TSXV:VAU) is down by 3.57 per cent on the news trading at C$0.14 as of 9:57 am ET. The stock has given back 28.95 per cent year-over-year and 43.75 per cent since 2021.
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