Business
Vista Gold Corp. Announces Mineralized Intercept 500 Meters North of Batman Deposit and Provides Comprehensive Exploration Program Update
DENVER, March 24, 2021 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced the positive results of hole
About this update from Vista Gold Corp
[{"type":"text","content":" DENVER, March 24, 2021 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced the positive results of hole VB21-002 at its Mt Todd Gold Project (“Mt Todd” or the “Project”) in the Northern Territory, Australia. This 459-meter drill hole intersected mineralization on-trend with the Batman deposit, 500 meters north-northeast in an area with no deep drilling and encountered a 30-meter intercept grading 1.23 g/t Au. The results of this hole demonstrate the strong potential for continuity of gold mineralization along the 5.4 km strike length of the Batman-Driffield Structural Trend located on Vista’s mineral licenses (“MLs”). As a result, the Company today announced that it is expanding its drilling program to include an additional 10 holes to focus deep drilling along the 1.0 km strike area from the Batman deposit north to the Golf–Tollis/Penguin targets. Frederick H. Earnest, President and Chief Executive Officer of Vista, stated, “Hole VB21-002 validated our belief that mineralization along the structurally-controlled Batman-Driffield Trend is more continuous and widely occurring than previously thought. This hole also provided important initial geology and mineralization information in an area previously undrilled at depth. “As we move to the north and east of the Batman deposit, the intrusive which mobilized the gold in this district is deeper. This, combined with the orientation and intersection of structural zones, leads us to believe there is a compelling opportunity to add to the resource base of the Mt Todd project by focusing on targets below the shallow historic drilling in this area. Following on our recently completed drill program, we have added a second drill and are now moving forward with an initial 10-hole drilling program to test and better define the host structures underlying known gold occurrences and to evaluate the potential to significantly increase the known mineral resources in the area extending from the Batman deposit 1 km north to the Golf–Tollis/Penguin targets. Successful achievement of these objectives is expected to lay the groundwork for project growth and improved shareholder value.” Vista Gold CEO Video Results of Hole VB21-002 Assay results for hole VB21-002 are summarized below. Hole No. Grid Co-ordinates Survey Data Intersections MGA94 Gri...