Vista Gold Reports High-Grade Gold Results from Drilling

Vista Gold Reports Exceptional Drill Results

Vista Gold Corp. (NYSE American and TSX: VGZ) has announced its final drill results for the 2024 drilling program at the Mt Todd gold project. These findings highlight significant high-grade gold intercepts, particularly in the South Cross Lode (SXL). The drilling program confirms the continuity of mineralization at relatively shallow depths.

Highlights of Recent Drilling

Among the pivotal drill holes reported is VB24-032, which revealed multiple intervals showcasing impressive mineralization:

• 3.0 meters at 4.13 grams of gold per tonne (g Au/t) from 121.1 meters downhole, including 0.6 meters at 18.34 g Au/t at a depth of 123.5 meters.
• 1.1 meters at 16.00 g Au/t from a depth of 142.9 meters, notably including 0.3 meters at 65.42 g Au/t.

Hole VB24-033 was drilled near the Batman deposit and also returned several mineralized intervals:

• 43.3 meters at 0.82 g Au/t commencing at a depth of 109.0 meters, including 1.0 meters at 7.55 g Au/t from 134.0 meters downhole.

In addition, VB24-034 returned further promising results:

• 29.0 meters at 1.55 g Au/t starting from a depth of 156.0 meters, which included 1.9 meters at 8.01 g Au/t from 172.1 meters downhole.

CEO Frederick H. Earnest on Drilling Success

Frederick H. Earnest, President and CEO, expressed excitement about these results: “These holes were an excellent conclusion to our drilling program at the South Cross Lode. The wider, high-grade vein intercepts starting only 100 meters below surface further demonstrate the substantial mineralization we’ve encountered.” He noted that this data will significantly enhance their resource model and aid in reserve estimates as part of the ongoing feasibility study for Mt Todd.

Understanding the Drilling Assessment

The recently reported holes bring to a close Phase 2 of the Company’s 2024 drilling initiative at the Mt Todd project. Strategically drilled, these holes aimed to provide essential data that will support resource model updates and further clarify the extent of mineralization within the SXL. The results point to the mineralization potentially continuing at depth and to the northeast.

Holes VB24-031 and VB24-032 showcased consistent mineralization from near-surface depths up to the conclusion of the holes, affirming the potential for valuable resource accumulation. Meanwhile, VB24-033 aimed to confirm the extent of hanging wall structures adjacent to the Batman deposit at deeper levels.

The positioning of VB24-034 at the northeast limit of the drilling zone illustrated promising results, with multiple high-grade intervals indicating that further mineralization exists. This reinforces the prospect of discovering additional targets along the northeast trajectory.

Significant Implications for Vista Gold

The mineralization details from this drilling program are highly relevant as they contribute to the broader geological understanding of the area. Each drill hole is progressively painting a clearer picture of how rich the gold deposit could be, which is essential for Vista’s long-term strategies around resource extraction and operational excellence.

Quality Assurance and Control Measures

Vista Gold implements comprehensive quality assurance and quality control (QA/QC) protocols throughout its sampling process, led by experienced geologists. The core samples are diligently marked, logged, and transported securely to independent testing facilities to maintain the integrity of the sampling chain.

• Core sampling involves careful logging and photography, with halves prepared and sent for testing to ensure accurate grade assessment.
• Blanks and standards are interspersed throughout the samples to ensure data reliability, reflecting a commitment to high industry standards.
• All samples are pulverized and prepared for assay tests, conforming to the accepted procedural methods in mining.

About Vista Gold Corp.

Vista Gold Corp. is dedicated to the development of the Mt Todd gold project, a significant gold deposit positioned for advancement in a top-tier mining region. The project hosts a large resource, benefitting from established infrastructure and community backing. Vista’s strategic focus on optimizing development timing aims to enhance shareholder value while advancing the project sustainably.

Frequently Asked Questions

What are the latest drill results from Vista Gold?

Vista Gold's recent drilling revealed high-grade gold intercepts in multiple drill holes, particularly highlighting intervals with grades exceeding 16 g Au/t.

How does Vista Gold ensure the quality of its sampling?

The company employs rigorous QA/QC protocols including independent laboratory testing and the inclusion of standard reference materials in sample shipments.

What is the significance of the Mt Todd project?

Mt Todd is recognized as a major gold deposit poised for development, showcasing substantial resource potential and favorable mining conditions.

Who leads Vista Gold Corp.?

Vista Gold is led by Frederick H. Earnest, the President and CEO, alongside a skilled team of professionals committed to the project’s success.

Where can I find more information about Vista Gold Corp.?

Further details about Vista and the Mt Todd project can be found on the company's official website or through their investor relations department.

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