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Viva Gold ( (TSE:VAU) ) has issued an update.
Viva Gold Corp has expanded its land position at the Tonopah Gold Project in Nevada by staking 36 additional unpatented lode claims covering roughly 720 acres identified as highly prospective for new gold discoveries. The company is also launching a 14,000‑meter CSAMT geophysical program to refine subsurface targeting across the enlarged property.
The U.S. Bureau of Land Management has approved 23 new drill sites at and around the Tonopah PEA pit and the nearby Midway Hills prospect, with drilling expected to begin later this month. Viva aims to upgrade high‑grade inferred resources to measured and indicated categories for future feasibility work while testing step‑out and new targets, positioning the project for advancement through permitting and potential development in a premier U.S. mining jurisdiction.
More about Viva Gold
Viva Gold Corp is a junior gold exploration and development company focused on its 100% owned Tonopah Gold Project in Nevada’s Walker Lane Trend, a prolific gold mining district near Kinross Gold’s Round Mountain mine. The company is advancing a potential open-pit, heap leach and mill operation based on a high-confidence mineral resource and a preliminary economic assessment, led by an experienced management team with decades of mine development expertise and backing from institutional shareholders.
Average Trading Volume: 161,021
Technical Sentiment Signal: Hold
Current Market Cap: C$24.01M
For an in-depth examination of VAU stock, go to TipRanks’ Overview page.