Vista Gold Corp. reports additional Mt. Todd drilling results, including 1.49 g/t gold over 129 meters
Wednesday, Sep 26, 2012
DENVER, Sept. 25, 2012 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE MKT: VGZ) ("Vista" or the "Company") today reported further drilling results from its ongoing resource conversion drilling program at the Mt. Todd gold project in Northern Territory, Australia.
Frederick H. Earnest, President and CEO of Vista, stated, "The resource conversion drilling program in the Batman pit continues to deliver strong results by targeting mineralization currently in the inferred resource category located inside of or near the limits of an economic pit shape.
The first 18 drill holes of the program were recently incorporated into an updated resource estimate that significantly increased the measured and indicated mineral resources at Mt. Todd's Batman deposit (please refer to our press release dated September 4, 2012). We have now completed 24 drill holes and expect to drill another 8-10 holes this year targeting shallow mineralization at the north end of the pit and an untested area in the core zone to the south of the pit. We plan to release an updated resource estimate at the end of the year that will incorporate the final results of our resource conversion drilling program and serve as the basis for the feasibility study we expect to complete in early 2013."
Core logging and sample custody, preparation and assaying were reviewed by Mr. Frank Fenne and Mr. Fenne is of the view that they are sufficient. Mr. Frank Fenne has verified and approved the data and approved the scientific and technical information disclosed in this press release.
About Vista Gold Corp. Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, to achieve its goal of becoming a gold producer. Vista is advancing exploration on its Guadalupe de los Reyes gold/silver project in Mexico and has granted Invecture Group, S.A. de C.V. a right to earn a 62.5% interest in the Concordia gold project in Mexico. Vista's other holdings include the Awak Mas gold project in Indonesia and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.
SOURCE Vista Gold Corp.