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Vista Gold Exploration Drilling Program at Mt Todd Outlines Multiple Resource Expansion Targets
DENVER / Jun 13, 2022 / Business Wire / Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its successful completion of th
About this update from Vista Gold Corp
[{"type":"text","content":"DENVER / Jun 13, 2022 / Business Wire / Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its successful completion of the exploration drilling program at its 100% owned Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia. Results from this program and historical sources demonstrate the resource growth potential within a 5.4 km trend extending immediately north from the Batman pit, including delineation of four highly prospective exploration targets. Highlights Identified four exploration targets potentially representing up to an additional 1.8 to 3.5 million gold ounces (see cautionary information below); Demonstrated continuity of mineralized structures from the Batman deposit to north of the Golf-Tollis deposit (+2 Km), which is approximately 3 Km south of the Quigleys deposit; Drilled 26 holes for a total of 8,887 meters, with depths from 116 to 901 meters; 21 assay intervals with gold grades exceeding 10 grams of gold per tonne (“g Au/t”) representing 11.05 meters of drill intercepts; 52 assay intervals with gold grades exceeding 5.0 g Au/t (inclusive of the above) representing 34.51 meters of drill intercepts; 485 assay intervals with gold grades exceeding 1.0 g Au/t (inclusive of the above) representing 408.42 meters of drill intercepts; and 1,165 assay intervals with gold grades exceeding the current Mt Todd resource cut-off grade of 0.4 g Au/t (inclusive of the above) representing 1,083.31 meters of drill intercepts. Frederick H. Earnest, President and Chief Executive Officer of Vista, commented, “The recently completed drilling of 26 holes for 8,887 meters consistently intersected mineralization predicted by our geologic model and demonstrated both horizontal and vertical continuity of the targeted structures. This program successfully identified four quality exploration targets with combined resource growth potential of 1.8 to 3.5 million ounces of gold and other potential structures along a 5.4-km portion of the 24-km Batman-Driffield Trend. When appropriate, future drilling can be undertaken to efficiently drill out these targets and define additional gold resources. We are extremely pleased with our drilling results and believe there is opportunity for significant resource growth and extension of the Mt Todd mine life.” Mr. Earnest contin...