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Vista Gold Corp. Announces Gold Resource Estimate for the Awak Mas Gold Project, South Sulawesi, Indonesia
Vista Gold Corp. Announces Gold Resource Estimate for the Awak Mas Gold Project, South Sulawesi, Indonesia.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, June 6 /CNW/ -- Vista Gold Corp. (Amex: VGZ; TSX: VGZ) is pleased\nto announce that, following the completion of drilling in late 2006, a new\nmineral resource analysis for the Awak Mas deposit on South Sulawesi Island,\nIndonesia, was completed on June 6, 2007, by Gustavson Associates, LLC of\nBoulder, Colorado, in accordance with Canadian National Instrument 43-101\nstandards under the direction of Mr. John Rozelle, an independent Qualified\nPerson, utilizing standard industry software and resource estimation\nmethodology. Based on the resource analysis report, the gold resources for the\nAwak Mas deposit, reported at a cutoff grade of 0.5 grams of gold per tonne\nare:\n\n\n Grade\n Tonnes (grams per Contained\n (000s) tonne) Gold Ounces\n\nMeasured resources (1) 7,084 1.30 296,000\nIndicated resources (1) 34,609 1.22 1,360,000\nMeasured and\n indicated resources (1) 41,693 1.24 1,656,000\n\n\n(1) Cautionary Note to U.S. Investors concerning estimates of Measured\nand Indicated Resources: This table uses the terms "measured resources" and\n"indicated resources". We advise U.S. investors that while these terms are\nrecognized and required by Canadian regulations, the U.S. Securities and\nExchange Commission does not recognize them. U.S. investors are cautioned not\nto assume that any part or all of mineral deposits in these categories will\never be converted into reserves.\n\n\n Grade\n Tonnes (grams per Contained\n (000s) tonne) Gold Ounces\n\nInferred resources (2) 20,425 0.82 539,000\n\n\n(2) Cautionary Note to U.S. Investors concerning estimates of Inferred\nResources: This table uses the term "inferred resources". We advise U.S.\ninvestors that while this term is recognized and required by Canadian\nregulations, the U.S. Securities and Exchange Commission does not recognize\nit. "Inferred resources" have a great amount of uncertainty as to their\nexistence, and great uncertainty as to their economic and legal feasibility.\nIt cannot be assumed that all or any part of an inferred mineral resource will\never be upgraded to a higher category. Under Canadian rules, estimates of\ninferred mineral resources may not form the basis of a feasibility study or\nprefeasibility studies, except in rare cases. U.S. investors are cautioned not\nto assume that any part or all of an in...