Vista Gold Corp. Announces Results of a New Preliminary Feasibility Study at the Batman Deposit at its Mt. Todd Gold Project, Northern Territory, Australia; Doubles Estimated Proven and Probable Reserves to 4.1 Million Contained Gold Ounces

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[{"type":"text","content":"\n\n\n\n Jan. 4, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\nDENVER, Jan. 4, 2011 /CNW/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) is pleased to announce the positive results of a new Preliminary Feasibility Study ("PFS") for the Batman deposit at the Company's wholly-owned Mt. Todd gold project in Northern Territory, Australia. The new PFS was managed by Tetra Tech Inc. ("Tetra Tech") of Golden, Colorado, and expands upon the PFS previously completed by Tetra Tech and announced on August 18, 2010. The PFS evaluates the viability of a 30,000 tonne per day processing facility and the optimized extraction of the identified mineral resource. Highlights of the PFS include:\n\n >\n\nThe PFS study is expected to be filed on SEDAR (at www.sedar.com) within 45 days. All dollar amounts in this press release are in US dollars unless otherwise noted.\n\nThe PFS was evaluated using a gold (Au) price of $1000 per ounce, which is less than the three-year trailing average of $1023 per ounce. Mineral reserve estimates and production highlights are tabulated below.\n\n >\n\n \n \n\n >\n\nFred Earnest, President and COO of Vista, stated, "We believe that this is an important and positive step forward in our development of the Mt. Todd gold project. Four months ago we demonstrated the technical and economic viability of this project with a preliminary feasibility study that was constrained by the project's ...

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