Vista Gold Corp. Announces 57% Increase in Measured and Indicated Gold Resource Estimates at the Mt. Todd Project Increasing Measured and Indicated Resources by 1.65 Million Ounces and Inferred Resources by 318,000 Ounces

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[{"type":"text","content":"\n\n\n\nDENVER, Jan. 26 /CNW/ -- Vista Gold Corp. ("Vista") (TSX & NYSE-A: VGZ)\nis pleased to announce that an updated gold resource estimate for the Batman\ndeposit at the Mt. Todd Gold Project in Northern Territory, Australia.\n\n\n\n\n\nThe new resource estimate as presented in the following table represents\nan increase in Measured Resources(1) of 78,000 ounces of gold and an increase\nin Indicated Resources(1) of 1,572,000 ounces of gold resulting in a combined\nincrease in Measured and Indicated Resources(1) of 1,650,000 ounces of gold at\na cutoff grade of 0.50 grams per tonne (0.015 ounces of gold per ton). The\ngold resource estimate for the Batman deposit as of January 23, 2009, reported\nat a cutoff grade of 0.50 grams of gold per tonne is set out below. The\nestimate was prepared using GEMCOM software and used whole block kriging to\nestimate block values.\n\n\n\n\n\n Resource Metric Average Grade Short Tons Average Grade Contained\nClassification Tonnes (grams/tonne) (x1000) (ounces/ton) Gold Ounces\n (x1000) (x1000)\n\n\nMeasured(1) 44,645 0.99 49,212 0.029 1,424\nIndicated(1) 105,936 0.92 116,773 0.027 3,121\nMeasured &\nIndicated(1) 150,581 0.94 165,985 0.027 4,545\nInferred(2) 66,725 0.86 73,551 0.025 1,849\n1. Cautionary Note to U.S. Investors concerning estimates of Measured and\n Indicated Resources: This table uses the terms "measured resources" and\n "indicated resources". We advise U.S. investors that while these terms\n are recognized and required by Canadian regulations, the U.S.\nSecurities\n and Exchange Commission ("SEC") does not recognize them. The SEC\n normally only permits issuers to report mineralization that does not\n constitute "reserves" as in-place tonnage and grade without reference\nto\n unit measures. The term "contained gold ounces" used in this press\n release is not permitted under the rules of the SEC. U.S. investors\nare\n cautioned not to assume that any part or all of mineral deposits in\n these categories will ever be converted into reserves.\n2. Cautionary Note to U.S. Investors concerning estimates of Inferred\n Resources: This table uses the term "inferred resources". We advise\nU.S.\n investors that while this term is recognized and required by Canadian\n regulations, the SEC does not recognize it....

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