Business
Vista Announces Initial Drill Results for Mt. Todd, Australia, Project and Decision to Develop Advanced Projects
Vista Announces Initial Drill Results for Mt. Todd, Australia, Project and Decision to Develop Advanced Projects.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, May 30 /CNW/ - Vista Gold Corp. (Amex: VGZ; Toronto) ("Vista") is\npleased to announce initial results from a drill program underway at its Mt.\nTodd project in the Northern Territory, Australia. The Corporation is\nconducting a diamond core drilling program totalling approximately 10,000\nmeters in 26 holes. The objectives of the program are to obtain information\nthat supports the conversion of inferred gold resources to measured and\nindicated resources, to explore for additional resources on strike and down\ndip, to aid in the determination of the copper content of the deposit and to\nobtain samples for metallurgical testing.\n\n\nThe drilling program began February 1, 2007, and is continuing under the\noverall supervision of Robert Perry, CPG, Vista's Vice President of\nExploration. Mr. Perry is a qualified person for the purposes of Canadian\nNational Instrument 43-101. The core drilling is being completed by Titeline\nDrilling PL of Australia, and the assaying for gold is being done by Northern\nAustralian Labs in Pine Creek, Northern Territory, Australia, with check\nassaying by ALS Chemex of Alice Springs, Northern Territory, Australia.\nMulti-element analyses, including copper, are being done by ALS Chemex of\nAlice Springs and NT Environmental Laboratories Pty. Ltd. of Darwin, Northern\nTerritory, Australia. All holes were angle holes drilled to intersect\nmineralization at close to right angles; however, due to physical constraints\nand the complex nature of the deposit, true thickness of the drilled intervals\ncannot be assumed from the measured intercepts. Sampling and assaying methods\nare being conducted in accordance with the CIM Mineral Exploration Best\nPractices Guidelines. All samples taken were one meter in length.\n\n\nAt present, 24 holes have been completed with gold assays received for\nsix holes drilled within the outline of the known mineralization. The assays\ninclude the following highlights:\n\n\n Drill Interval Intercept Assay Including Intercept Assay\n Hole (m) (m) (g/t) (m) (m) (g/t)\n\nVB07-001 205-377 172 1.66 251-266 19 2.56\n 282-318 36 2.12\n 322-343 21 2.74\n\nVB07-002 432-485 53 1.00\n\nVB07-003 Abandoned and re-drilled as VB07-005\n\nVB07-004 121-315 194 1.07 130-136 6 1.81\n 191-202.9 11.9 3.76\n 246-253 7 3.80\n 283-290 7 2.26\n\n\nVB07-005 22-27 5 2.17\n 94-...