Business
Vista Gold Corp. Reports Drilling Results and Provides Update on Ongoing Exploration Activities at Mt. Todd in Australia
DENVER, April 25, 2012 /CNW/ - Vista Gold Corp. (TSX & NYSE Amex Equities: V...
About this update from Vista Gold Corp
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nDENVER, April 25, 2012 /CNW/ - Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) (\"Vista\" or the \"Company\") is pleased to announce additional results from its ongoing drilling program at the Mt. Todd gold project in Northern Territory, Australia. As part of the Mt. Todd Feasibility Study, the results of which are expected later this quarter, Vista completed a mine pit design based only on measured and indicated mineral resources known at that time. A review of the feasibility study pit design and the location of inferred mineral resources relative to the feasibility study pit design led the Company to commence an 8,500 meter drilling program in November 2011 designed to convert inferred mineral resources to measured or indicated mineral resources in areas that could expand the pit shape. \nVista has now completed 13 holes totaling 7,768.8 meters. The assay results of the first three holes (approximately 25% of total drilled to-date) were announced previously. The following table summarizes the results from the subsequent four holes, representing approximately 39% of total drilled to-date:\n\n\n \n\n \n\nHole #\n\n\n \n\nAssay Interval\n\n\n \n\nThickness\n\n(meters)\n\n\nApprox.TrueThickness\n\n(meters)\n\n\n \n\nGold Grade(gram/tonne)\n\n\nVB11-015\n\n\n223.0 ? 242.0\n\n\n19.0\n\n\n17.7\n\n\n1.35\n\n\n\n267.0 – 283.0\n\n\n16.0\n\n\n14.9\n\n\n0.48\n\n\n\n367.0 – 386.0\n\n\n19.0\n\n\n17.7\n\n\n0.41\n\n\n\n395.0 – 409.0\n\n\n14.0\n\n\n13.1\n\n\n1.01\n\n\n\n549.0 – 557.0\n\n\n8.0\n\n\n7.5\n\n\n1.29\n\n\n\n562.0 – 577.0\n\n\n15.0\n\n\n14.0\n\n\n0.73\n\n\n\n581.5 – 640.5\n\n\n59.0\n\n\n55.0\n\n\n2.20\n\n\nincluding\n\n\n589.1 – 599.1\n\n\n10.0\n\n\n9.3\n\n\n6.07\n\n\n\n645.0 – 668.0\n\n\n23.0\n\n\n21.4\n\n\n0.88\n\n\nVB12-001\n\n\n579.8 – 622.2\n\n\n42.4\n\n\n36.8\n\n\n1.22\n\n\n\n629.5 – 637.4\n\n\n7.9\n\n\n6.9\n\n\n0.88\n\n\n\n645.2 – 680.1\n\n\n34.9\n\n\n30.3\n\n\n1.11\n\n\n\n685.0 – 695.5\n\n\n10.5\n\n\n9.1\n\n\n0.51\n\n\n\n700.9 – 720.0\n\n\n19.1\n\n\n16.6\n\n\n0.50\n\n\nVB12-002\n\n\n89.5 ? 98.4\n\n\n8.9\n\n\n7.6\n\n\n1.12\n\n\n\n355.0 – 369.3\n\n\n14.3\n\n\n12.2\n\n\n0.50\n\n\n\n377.0 – 391.2\n\n\n14.2\n\n\n12.1\n\n\n0.62\n\n\n\n440.3 – 473.0\n\n\n32.7\n\n\n27.9\n\n\n1.13\n\n\n\n479.2 –...