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Vista Gold Corp. Reports 3.52 g/t Gold and 132.0 g/t Silver over 23.7m at its Guadalupe de los Reyes Gold/Silver Project
DENVER, Aug. 9, 2012 /CNW/ - Vista Gold Corp. (TSX & NYSE MKT: VGZ) (" Vista " ...
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\n\n\n\nDENVER, Aug. 9, 2012 /CNW/ - Vista Gold Corp. (TSX & NYSE MKT: VGZ) (\"Vista\" or the \"Company\") today reported further assay results from the final 25 holes of its 48 hole drilling program at the Guadalupe de los Reyes gold/silver project in Sinaloa, Mexico. \nHighlights of the drilling program include:\n2.8 grams/ton (g/t) gold and 32.8 g/t silver over 8.1 meters, including 6.6 g/t gold and 50.1 g/t silver over 2 meters in 12NB-01 (Nocha Buena ); \n38.7 g/t gold and 201 g/t silver over 2.0 meters in 12SM-02 (San Miguel); \n3.5 g/t gold and 132 g/t silver over 23.7 meters, including 12.7 g/t gold and 348 g/t silver over 4 meters in 12SM-08 (San Miguel); \n2.3 g/t gold and 232 g/t silver over 19.4 meters in 12SM-06 (San Miguel); and \n8.2 g/t gold and 109 g/t silver over 11 meters in 12GL-04 (Guadalupe)\n\nTrue widths of the intercepts reported above range between 60-100% and are discussed in more detail in the table below that lists comprehensive results from the 25 drill holes announced in this release.\nFrederick H. Earnest, President and CEO, said, \"The results from these final 25 holes, and particularly the intercepts at depth in San Miguel, continue to indicate the potential for a significant epithermal gold-silver vein system at the Guadalupe de los Reyes gold/silver project. The results confirm the presence of both lower grade stockwork veining and high grade potential occurring in larger quartz veins. We are now working to incorporate the results from this drill program into a new mineral resource estimate and Preliminary Economic Assessment, which we anticipate to be completed early in the fourth quarter.\"\n\nAbout the Guadalupe de los Reyes Drilling Program\nVista completed an initial phase of drilling at the Guadalupe de los Reyes gold/silver project in April 2012. Forty-eight diamond drill holes totaling 7,215 meters were completed at the project with the objectives of confirming and updating the existing estimated mineral resource, obtaining core for metallurgical test work, and providing additional information to support a Preliminary Economic Assessment on the project. \nAssays have been received from the final 25 holes including three from Guadalupe, seven from El Zapote, eleven from San Miguel, and four from Noche Buena. A drill hole location map, together with selected cross sections sh...