Vista Gold, a gold producer, announced that additional results have been received from the current resource conversion drill campaign conducted at the Mt. Todd gold project, located in Australia.
Orientation of the drill holes relative to the deposit - Section VB12-010
The company has encountered 0.65 g/t gold over 10.2 m in hole VB12-010; 0.99 g/t gold over 24.9 m, 0.50 g/t gold over 12.9 m and 0.63 g/t gold over 22.0 m in hole VB12-011; 4.29 g/t gold over 14.1 m, 9.06 g/t gold over 4.6 m, 4.22 g/t gold over 4.0 m, and 2.46 g/t gold over 33.3 m in hole VB12-012; 0.68 g/t gold over 44.1 m in hole VB12-013; and 77.70 g/t gold over 1.1 m in hole VB12-014.
According to Vista Gold’s CEO and President, Frederick H. Earnest, the resource conversion drill campaign continues to encounter mineralization in the category of inferred mineral resource. The company has obtained assays from 18 holes out of 24, and will include the results into an updated resource calculation, which may be completed by next week. Remaining drill campaign results will be included in the resource calculation, which will create the base for the definitive feasibility study which is to likely to be completed in early 2013.
Vista Gold has completed the drilling program. The company’s contractors have logged and sampled the core, based on the instructions of Mr. Frank Fenne, Vista's VP of Exploration. Pine Creek-based North Australia Laboratories prepared and tested the samples. Northern Territory Environmental Laboratories specifically finished second lab check assays. A 50 g fire assay technique analyzes the grades of gold. Mr. Frank Fenne reviewed core logging, preparation and assaying.
Source: http://www.vistagold.com/
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