Viva Gold Makes Major New High-Grade Gold Discovery at Midway Hills at the Tonopah Gold Project in Nevada

Original announcement by tmx on

Company
Viva Gold Corp
Ticker
VAU
Exchange
TSX
Region
Nevada
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results, Other
Extracted
2026-08-20 21:10:33 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Viva Gold has announced a major new gold discovery at the Midway Hills area of the Tonopah Gold Project in Nevada. Drillhole TG2616 returned a significant 38.1 m intercept of 0.89 g/t gold and 6.78 g/t silver, located in the Palmetto Argillite below previous drilling.

Reasoning: Significant new gold discovery at Midway Hills, targeting a previously discounted depth/geology (OPA) below historic drilling.

Positive factors

  • new gold zone discovery
  • high-grade intercept
  • discovery below prior drilling
  • open at depth and strike

Facts used in scoring: 4

Atlas analysis — Viva Gold Corp: Viva Gold Makes Major New High-Grade Gold Discovery at Midway Hills at the Tonopah Gold Project in Nevada. 0.89 g/t over 38.1 m; 3.56 g/t over 6.1 m

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Discovery made in the Palmetto Argillite below prior drilling/historic targets.

Evidence · text

“targeting deeper potential mineralization below prior drilling in the underlying OPA”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release mentions blanks, standards, and independent laboratory assays.

Evidence · text

“utilizes a well-documented system of inserting blanks and standards into the assay stream”

Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

Drill Results (4)

TG2616Tonopah Gold Project · goldGrade: 0.89Grade Unit: g/tIntercept: 38.1 mView all details
Link to this fact

Identity

Hole ID
TG2616
Project
Tonopah Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
VAU

Geometry

Grade
0.89
Grade Unit
g/t
Intercept
38.1 m
From
179.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
TG2616:179.8-217.9
Mining Method
unknown

Location

Dip
-90 °

QA/QC

Laboratory
American Assay Laboratories Inc.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-02T00:00:00.000Z

Reasoning: Large width intercept in a new target zone (OPA) below historic drilling.

Positive factors

  • discovery below prior drilling
  • significant width

Evidence · text

“drillhole TG2616 returned 38.1 m of 0.89 g/t gold and 6.78 g/t silver”
TG2616Tonopah Gold Project · silverGrade: 6.78Grade Unit: g/tIntercept: 38.1 mView all details
Link to this fact

Identity

Hole ID
TG2616
Project
Tonopah Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
VAU

Geometry

Grade
6.78
Grade Unit
g/t
Intercept
38.1 m
From
179.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
TG2616:179.8-217.9
Mining Method
unknown

Location

Dip
-90 °

QA/QC

Laboratory
American Assay Laboratories Inc.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-02T00:00:00.000Z

Reasoning: Silver grade accompanies a significant gold discovery.

Positive factors

  • associated with gold discovery

Evidence · text

“38.1 m of 0.89 g/t gold and 6.78 g/t silver”
TG2616Tonopah Gold Project · goldGrade: 3.56Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
TG2616
Project
Tonopah Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
VAU

Geometry

Grade
3.56
Grade Unit
g/t
Intercept
6.1 m

Classification

Program
exploration
Sample Type
drill
Group ID
TG2616:sub-interval
Mining Method
unknown

Location

Dip
-90 °

QA/QC

Laboratory
American Assay Laboratories Inc.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-02T00:00:00.000Z

Reasoning: High-grade component within the larger discovery intercept.

Positive factors

  • high-grade sub-interval

Evidence · text

“including 6.1 m of 3.56 g/t gold”
TG2616Tonopah Gold Project · silverGrade: 22.45Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
TG2616
Project
Tonopah Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
VAU

Geometry

Grade
22.45
Grade Unit
g/t
Intercept
6.1 m

Classification

Program
exploration
Sample Type
drill
Group ID
TG2616:sub-interval
Mining Method
unknown

Location

Dip
-90 °

QA/QC

Laboratory
American Assay Laboratories Inc.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-02T00:00:00.000Z

Reasoning: High-grade silver component within the discovery intercept.

Positive factors

  • high-grade sub-interval

Evidence · text

“and 22.45 g/t silver”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.