Vista Gold Corp. Revises the Scope of the Mt. Todd Feasibility Study to Incorporate Increased Plant Throughput as Infill Drill Results Continue to be Positive

About this update from Vista Gold Corp

[{"type":"text","content":"\n\n\n\n\n\nDENVER, June 5, 2012 /CNW/ - Vista Gold Corp. (TSX & NYSE MKT: VGZ) (\"Vista\" or the \"Company\") today announced that it has revised the scope of the Feasibility Study on its Mt. Todd gold project (\"FS\") to incorporate the following areas of optimization:\na larger processing facility with daily throughput expected to be in the range of 40-45,000 tonnes of ore per day; \na redesigned open pit and mine production schedule incorporating a new resource estimate which will include the results of the drilling program currently in progress; and \ndesign of facilities to recover gold from the existing heap leach pads, commencing in the construction period. \nThe Company is now targeting the release of the FS in late 2012 or early 2013, which will evaluate a larger project with the hope that it will result in economies of scale, a forward shift in the production of ounces due to the optimization of the mine schedule and the increased throughput rate of the processing facility, and a mine life that results in the more efficient use of project capital. \nFred Earnest, Vista's President and CEO, commented, \"Our decision to change the scope of the FS at this time has been taken in order to incorporate new information from the ongoing drilling program, the subsequent results of mining and processing engineering to optimize the mine production and plant throughput rates, as well as the heap leach testing programs. The FS we started in April of last year was based on a smaller measured and indicated mineral resource estimate and a 30,000 tonne per day processing facility. Given the increase in the resource estimate announced last September (please refer to our press release dated September 6, 2011) and our additional exploration results to date, we believe that a larger process facility will be justified. \nWe are very pleased with the continued results of the resource conversion drilling program. We have now completed a substantial majority of the approximately 14,000 planned meters and expect to complete an updated mineral resource estimate for Mt. Todd in the latter part of the third quarter of this year. The results continue to show that the mineralization in the Batman deposit is open to expansion along strike to the north and south, at depth and to the east. Based on the most recent assays and the drill results previ...

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