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Vista Gold Corp. Announces Initial Drill Results and Studies Underway at Its Awak Mas Gold Project, Indonesia
Vista Gold Corp. Announces Initial Drill Results and Studies Underway at Its Awak Mas Gold Project, Indonesia.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\nDENVER, Sept. 20 /CNW/ -- Vista Gold Corp. (Amex: VGZ; Toronto) is\npleased to announce initial results from a drill program underway at its Awak\nMas project in South Sulawesi, Indonesia. The Corporation is conducting a\ndiamond core drilling program totaling approximately 2,600 meters in 12-13\nholes. Nine of the holes are located near the edge of the existing resource\nwhere previous drilling was too wide-spaced to calculate measured or indicated\nresources for the mineralization in the area. Three additional holes are\nbeing drilled approximately 750 meters to the west in a higher grade portion\nof the deposit where existing drill density is too widely-spaced to allow\nadequate modeling of the deposit.\nThe drilling program began May 31, 2006, and is continuing under the\noverall supervision of Howard Harlan, CPG, R.G., Vista's Vice President of\nBusiness Development. Mr. Harlan is a qualified person for the purposes of\nCanadian National Instrument 43-101. The current core drilling program is\nbeing conducted by R&B Drilling of Jakarta, Indonesia, and the assaying is\nbeing done by Intertek Laboratories of Jakarta, Indonesia, which holds ISO\n17025 accreditation. All holes were angle holes drilled to attempt to\nintersect mineralization at right angles to thickness. Sampling and assaying\nmethods are being conducted in accordance with Canadian National Instrument\n43-101 best practices. All samples taken were one meter in length.\nAt present, nine holes have been completed on the eastern edge of the\nLematik deposit and assay results have been received for the first seven\nholes. The assays include the following highlights:\n\n\n\n>\n\nAlso, as previously reported by the Corporation in press releases dated\nApril 18, 2005, and November 2, 2004, a resource analysis prepared in October\n2004 by RSG Global Pty Ltd of West Perth, Australia, an independent consulting\nfirm, using industry standard methodology and software, in accordance with\nCanadian National Instrument 43-101 guidelines under the supervision of Brett\nGossage, a qualified person, showed the known deposit, at a reported cutoff\ngrade of 0.5 grams gold per tonne, to contain measured resources of 16,865,000\nshort tons at a grade of 0.034 ounces per ton containing 583,000 gold\nounces(1), indicated resources of 35,750,000 short tons at a grade of 0....