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Vista Announces Receipt of Temporary Occupation Permits for Paredones Amarillos Gold Project
Vista Announces Receipt of Temporary Occupation Permits for Paredones Amarillos Gold Project
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nOct. 28, 2009 (Canada NewsWire Group) -- DENVER, Oct. 28 /CNW/ --Vista Gold Corp. (\"Vista\" or the \"Company\") (TSX & NYSE Amex: VGZ) is pleased to announce that Minera Paredones Amarillos S.A. de C.V. (\"MPA\"), Vista's wholly-owned Mexican subsidiary, has received the Temporary Occupation Permits for the Paredones Amarillos gold project located in Baja California Sur, Mexico.The Temporary Occupation Permits (one for each of the seven mining concessions that cover the area of the Paredones Amarillos gold project) formally grant MPA the right to use the surface land in the project area owned by the Mexican federal government. With the Temporary Occupation Permits received, the Company has all of the documents necessary to file its application for the Change of Forest Land Use Permit (\"CFLUP\") which is required before the Company can commence development of the Paredones Amarillos gold project. The Company intends to file the CFLUP application in the upcoming days.Fred Earnest, Vista's President and Chief Operating Officer, stated, \"We are very pleased to have received the Temporary Occupation Permits. This is a significant milestone in Vista's effort to become a mid-tier gold producer. Our advisors in Mexico City have worked tirelessly with many different agencies to achieve the approval of the Temporary Occupation Permits and we appreciate the support and assistance received from each of the agencies involved in the review and ultimate approval of these permits. With the anticipated filing of our CFLUP application expected in the upcoming days, we believe we will be on track to receive the CFLUP by the end of the first quarter of 2010 and anticipate being able to move forward with construction of the Paredones Amarillos gold project for estimated initial production in 2011.\"About Vista Gold Corp.Since 2001, Vista has acquired a number of gold projects with the expectation that higher gold prices would increase their value. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com. Vista has taken steps to advance the Paredones Amarillos gold project located in Baja California Sur, Mexico, towards production. These steps include the completion of a definitive feasibility study, the purchase of long-delivery processing equipment, and th...