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Vista Gold Corp. Announces Estimated Mineral Reserves of Two Million Ounces and Results of a Preliminary Feasibility Study at its Mt. Todd Gold Project, Northern Territory, Australia
Vista Gold Corp. Announces Estimated Mineral Reserves of Two Million Ounces and Results of a Prel...
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n Aug. 18, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n >\n\nDENVER, Aug. 18 /CNW/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) is pleased to announce estimated proven and probable mineral reserves of two million ounces and the positive results of a Preliminary Feasibility Study ("PFS") for the Batman deposit at the Company's wholly-owned Mt. Todd gold project in Northern Territory, Australia. The PFS was managed by TetraTech MM Inc. ("TetraTech") of Golden, Colorado, which also undertook the resource modeling and estimation, geotechnical, environmental and site reclamation engineering and design. Mr. John Rozelle, PG, Manager of TetraTech's Mineral Resource Division and Principal Geologist, an independent Qualified Person as defined by Canadian National Instrument 43-101 ("NI 43-101"), prepared or supervised the preparation of material on behalf of TetraTech. Thomas Dyer, P.E., of Mine Development Associates, an independent Qualified Person as defined by NI 43-101, prepared or supervised the preparation of material on behalf of Mine Development Associates. Mr. Rozelle and Mr. Dyer prepared or supervised the preparation of the information that forms the basis for the scientific and technical information disclosed herein and have reviewed this press release and have consented to its release. The PFS study will be filed on SEDAR (at www.sedar.com) in its entirety within 45 days. All dollar amounts in this press release are in US dollars unless otherwise noted. Management plans to review the results of the PFS in a conference call, details of which are shown at the end of the press release.\n\nThe PFS base case (the "Base Case") was evaluated using the three-year trailing average gold (Au) price of $950 per ounce. Mineral reserve estimates and production highlights from the Base Case are tabulated below.\n\n >\n\n \n Base Case Produ...