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Vista Gold Corp. Announces Results From a Preliminary Assessment of Its Mt. Todd Gold Project, Northern Territory, Australia
Vista Gold Corp. Announces Results From a Preliminary Assessment of Its Mt. Todd Gold Project, Northern Territory, Australia.
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\nDENVER, Jan. 4 /CNW/ -- Vista Gold Corp. (Amex: VGZ; Toronto) is pleased\nto announce results from a preliminary assessment at its Mt. Todd project in\nNorthern Territory, Australia, that was completed on December 29, 2006, by\nGustavson Associates LLC (\"Gustavson\") of Boulder, Colorado, in accordance\nwith Canadian National Instrument 43-101 standards under the direction of John\nW. Rozelle, P.G., an independent qualified person. This preliminary\nassessment entitled \"Preliminary Economic Assessment Mt. Todd Gold Project,\nNorthern Territory, Australia\" dated December 29, 2006, has been filed on\nSEDAR by Vista.\n\n\nThe Mt. Todd project is 50 kilometers north of Katherine, and\napproximately 250 kilometers southeast of Darwin. Based on a review of\nproject files, Vista management believes that approximately 24.6 million\ntonnes grading 1.05 grams per tonne gold and containing 826,000 ounces of gold\nwere extracted between 1996 and the termination of mining in 2000. Processing\nwas by a combination of heap-leach production from oxide ore and cyanidation\nof sulfide ore. The remaining mineral resource consists of sulfide\nmineralization lying below and along strike of the existing open pit.\n\n\nGustavson had estimated mineral resources in a report entitled \"Report NI\n43-101 Technical Report on the Mount Todd Gold Project, Northern Territory,\nAustralia\" dated June 26, 2006, in compliance with NI 43-101 standards, the\nresults of which were previously reported by Vista in a press release dated\nJune 26, 2006. Based on the June 2006 report, the gold resources for the\nBatman deposit, reported at a cutoff grade of 0.5 grams of gold per tonne and\nshown in metric units are:\n\n\nTonnes Grade Contained Gold\n(000s) (grams per tonne) Ounces\n\nMeasured resources (1) 18,421 0.97 576,130\nIndicated resources (1) 37,957 0.97 1,181,620\nMeasured and indicated\nresources (1) 56,378 0.97 1,757,750\nInferred resources (2) 50,053 0.93 1,503,194\n\n(1) Cautionary Note to U.S. Investors concerning estimates of Measured\nand\nIndicated Resources: This table uses the terms \"measured resources\"\nand \"indicated resources\". We advise U.S. investors that while these\nterms are recognized and required by Canadian regulations, the U.S.\nSecurities and Exchange Commission does not recognize them. U.S.\ninvestors are cautioned not to ...