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Vista Gold 2024 Drilling Demonstrated Potential to Increase Mt Todd Mineral Reserves
DENVER / Feb 04, 2025 / Business Wire / Vista Gold Corp. (NYSE American and TSX: VGZ) announced that the results of its 2024 Mt Todd drilling program indicate t
About this update from Vista Gold Corp
[{"type":"text","content":"DENVER / Feb 04, 2025 / Business Wire / Vista Gold Corp. (NYSE American and TSX: VGZ) announced that the results of its 2024 Mt Todd drilling program indicate the potential to increase gold mineral reserves in the Batman deposit and have successfully delineated the South Cross Lode (“SXL”) over a 400 meter strike length. These drill results, and those from the 2020-2022 drilling program, will be included in the block model for the updated Mt Todd mineral resources estimate and new feasibility study. Phase 1 drilling, in conjunction with the 2020-2022 drilling program, provided information to extend the boundaries of the mineralization in the northern section of the Batman deposit. As shown in Figures 2, 3, and 4, drilling intercepted gold grades higher than estimated in the current block model and mineralization outside the limits of the current resource envelope. These results provide a basis to increase gold mineral resources in the area of the Batman deposit and convert a portion of the current mineral resources in this area into proven and probable mineral reserves. Phase 2 drilling defined the mineralized boundaries of the SXL over the strike length drilled and intersected high-grade sub-structures in the lower portion of thirteen holes, as shown in Figure 5. Additionally, the drill hole spacings are acceptable for the definition of measured and indicated mineral resources. Given the location of the SXL, these drilling results are expected to support the expansion of the mineral resource shell, with the potential to increase gold mineral reserves. Frederick H. Earnest, President and CEO of Vista, stated, “The results of our 2024 Mt Todd drill program are encouraging. We drilled 34 diamond core holes totaling 6,776 meters and every hole intercepted mineralization, with many holes in Phase 1 encountering higher grades than estimated in the current block model. The results indicate potential to upgrade previously defined mineral resources to mineral reserves and add new mineral resources from an extension to the Batman core zone. We believe we successfully accomplished the objectives of Phase 1 of the drill program. “The Phase 2 drilling results provide us with a much better understanding of the mineralization in the South Cross Lode. We encountered sheeted-vein mineralization consistent with the Batman deposit in the upper po...